China is the world's largest production and sales country. However, about 20% of goods are lost during storage, transportation, and sales. There are reasons for improper packaging. In a highly competitive market, the role of plastic packaging is even more important. Now, plastics are the most widely used packaging materials. The plastic packaging market continues to expand. The government attaches great importance to technological innovation, and the plastics processing industry has become a key industry in the light industry adjustment and revitalization plan. Therefore, the demand for plastic packaging will continue to increase. Mature markets have begun to accept and popularize more high-performance packaging bag
s, the development trend of lighter plastic packaging bags, the reduction of consumables and the transportation process have reduced costs, which is very suitable for producers to create profits. At the same time, for the market, lightweight packaging bags have also brought environmentally friendly and convenient consumer trends. The development trend of the packaging industry is shifting from simple packaging to innovative packaging. With the improvement of economic strength, packaging bags are just simple products. Companies and consumers are increasing the quality, material, and style requirements of packaging bags. British plastic packaging manufacturer RPC has agreed to acquire Icelandic plastic products and parts manufacturer Promens Group for £307 million. RPC issued a statement saying that its board believes that the acquisition of the Promens business is very suitable for RPC, and the combination of the two businesses will create a strong European platform in the field of rigid plastic packaging. RPC added that the acquisition will extend RPC's business to multiple terminal markets, creating important opportunities for strengthening compound growth, expanding scale, and reducing costs. RPC said that the acquisition of Promens will bring niche technology to it. With the further expansion of the group, its demand for polymers will also increase. It is estimated that the annual demand will rise from 325,000 tons to 445,000 tons, accounting for 4.5% of the total output of polymers for rigid plastic packaging applications in Europe. RPC chairman Pim Vervaat said: RPC and Promens are a match made in heaven. We look forward to developing a larger platform to deliver higher value to our customers and shareholders in the future. With the development of the economy and the improvement of people's living standards, the demand for product packaging is increasing, the requirements for commodity packaging bags are becoming more and more stringent, and the requirements for the use value of packaging bags are also increasing. The current rapid growth in the output value of the packaging industry highlights the great development prospects of the packaging industry.
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