TC INVESTMENT

"General Requirements for Green Paper Takeaway Packaging" group standard

Recently, the formulation of the group standard of "General Requirements for Green Paper Takeaway Packaging" by the China Paper Society was officially launched. It is reported that the standard is applicable to paper-based, degradable plastic coated or water-based acrylic-coated green paper takeaway packaging, including drinking utensils, tableware, and packaging bags, covering paper cups, paper bowls, paper meals Boxes, pulp molding, paper straws, paper bags and other products. As an extension of the "Plastic Restriction Order", the formulation of the "General Requirements for Green Paper Takeaway Packaging" will further enhance the status of packaging paper and promote the standardization of "replacement of plastic with paper".

With the continuous escalation of the "plastic restriction order". Paper packaging products have gradually penetrated into the field of raw plastic packaging products in daily life due to the characteristics of environmental protection, light weight and easy availability. In particular, the rapid expansion of the takeaway and e-commerce industries has made the disposable packaging market continue to expand.

According to public data, the consumption of disposable lunch boxes in my country was about 19.8 billion in 2017, the consumption of disposable lunch boxes in my country was about 40 billion in 2019, and the consumption of disposable lunch boxes in my country in 2020 was about 45 billion, showing an upward trend.

As a relatively mature plastic substitute material, paper is more and more favored by the market, and it also expands new market space for related paper-making enterprises. In the past year, the shortage of various high-end packaging papers such as white cards and food cards has confirmed this with facts.

According to Zhuochuang Information data, from January 2020 to March 2021, the price of white cardboard of mainstream manufacturers has been showing a volatile upward trend. Although the price of white cardboard has fluctuated slightly recently, some securities companies believe that the price of paper has risen rapidly before, and short-term fluctuations are normal. The scope of the global new crown vaccine injection has been expanded, the overseas epidemic has eased, the PPI data of major countries has basically risen month by month, and there are obvious signs of economic recovery. These will become favorable factors to support the development of the paper industry. White cardboard is still worth looking forward to.

In addition, the optimization of the industry structure has further tilted the balance towards leading companies with supply chain advantages. For the industry leader, the production capacity of self-made pulp is matched, the supply of self-built pulp production base is stable, and the cost control ability is strong, and the profit margin is expected to increase.