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Paper packaging is the largest sub-industry of the packaging industry: in 2016, the total output value of China's packaging industry exceeded 1.9 trillion yuan, and the main business income of packaging enterprises above the scale reached 117 million yuan, accounting for 62% of the whole packaging industry. In terms of market segments, paper packaging industry is the largest sub-industry of the packaging industry, accounting for 28.75% of the revenue of the packaging industry in 2016. From 2013 to 2016, the regulated CAGR of paper packaging industry was 6.7%, lagging behind the overall growth of the packaging industry. However, the growth of 2017H1 paper packaging industry accelerated again, with the year-on-year growth of revenue and profit reaching 14.41% and 14.08% respectively.
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