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| Vast Opportunities for China Label Printing Market |
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| July 11, 2007 |
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China's existing per capita label consumption is less than 1m2, far less than that in other countries. Vast development opportunities hence can be found in the China label printing market.
In the recent decade, demand in global label market grew at 3%-6%. Up to year 2007, output value of the global label market will reach USD73 billion. At the same time, the China label market is having a far more strong growth rate of 15%-20%.
With the entry of foreign label printing players into China market, advanced equipment and technology are introduced to the package printing industry of China. Now, China is capable of processing high-class labels with quality comparable to that of overseas counterparts. Some foreign-printed labels are now processed in China and this further accelerates the development of the label printing industry of the country.
General Administration of Quality Supervision, Inspection and Quarantine of PR China has set the regulation that 3C certification (China Compulsory Certification) will be enforced for 132 types of commodities in 19 major categories (including electronics, electric appliances, air-conditioners, etc.) In 2005, 550 types of food products in 28 main categories have to obtain certification. Recently, Certification Committee launched the certification regulation for food packaging products like boxes carrying food, plastic bags, bags for drinks, etc. These products are required to apply 3C by end of this year. This is the first time China required certification for food packaging industry, and hence creates vast demand and opportunities for label printing industry and anti-counterfeit label printing industry. |
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