China business intelligence network news: in recent years, under the background of the continuous improvement of the national economic level and the stable growth of per capita disposable income, China's food and beverage consumption demand has continued to expand, driving the development of the food and beverage metal packaging industry, and the market demand shows a growth trend.
The steady growth of the national economy and the continuous improvement of residents' disposable income have provided strong support for the growth of the food and beverage industry. With the improvement of the income level of urban and rural residents and the change of consumption concept, consumers' demand for high-quality food and beverage is increasing, and they pay more and more attention to the nutritional value of beverages, which has driven the rapid growth of soft beverage consumption markets such as milk drinks, plant protein drinks, herbal tea, Babao porridge and so on. The increasing prosperity of soft drink market has created a broad market space for beverage packaging, especially metal beverage packaging. The demand for beverage packaging containers will continue to grow with the continuous emergence of new demands of consumers for various beverage products.
It is predicted that benefiting from the steady growth of the downstream food and beverage industry, the continuous improvement of beer canning rate and the promotion of the popularity of canned food, the food and beverage metal packaging industry will still usher in steady growth in the next few years. It is estimated that by 2019, the total output of China's food and beverage metal packaging industry will reach 131.8 billion cans, with a compound annual growth rate of 9.23%.
Data source: compiled by China Commercial Industry Research Institute
Analysis of competition pattern
China's food and beverage metal packaging enterprises are mainly divided into the following three categories: the first category is local leading enterprises: they have rich local management experience, operation experience and high brand awareness, have a deep understanding of the local market, the industrial layout is close to customers and have high production flexibility; Occupying a leading market share is conducive to giving full play to the advantages of scale and cost. Representative enterprises include Origen, Shengxing gujiafen, Baosteel packaging, COFCO packaging, Jiamei packaging, etc.
The second category is international large-scale metal packaging enterprises: relying on their own technological and capital advantages, they enter the Chinese market and share the growth of China's metal packaging industry; With international leading technology and rich management experience, its products have advantages in energy conservation and environmental protection, safety and mold technology. The representative enterprises are Boer Asia Pacific and crown.
The third category is small and medium-sized metal packaging enterprises: at present, there are a large number of small and medium-sized metal packaging production enterprises in China, which generally do not have the advantages of economies of scale, backward technical level and low product grade, which makes the low-end metal packaging market in a state of oversupply for a long time, and a considerable number of enterprises are facing the situation of being eliminated or integrated.
1. Bohr Asia Pacific
Boer Asia Pacific is subordinate to Boer company, one of the world's largest can making enterprises; Bohr Asia Pacific Management is headquartered in Hong Kong and has established production bases in Beijing, Shenzhen, Hubei, Foshan, Qingdao, Tianjin, Shanghai and other places. It is one of the main metal packaging suppliers in China. The company mainly provides metal packaging products for well-known domestic beverage and beer customers. The company designs, manufactures and sells packaging products including aluminum two-piece cans, metal covers and metal plugs through factories all over the country, which are suitable for food, beverages, household products and other consumer goods.
2. Crown
Crown is subordinate to crown group, one of the world's largest canning enterprises. The company has established production bases in Beijing, Shanghai, Huizhou and Foshan. It is one of the main metal packaging suppliers in China. It mainly provides metal packaging products dominated by aluminum two-piece cans for domestic well-known customers of beverages and beer. 3. Baosteel packaging
Baosteel packaging (601968) is an A-share listed company, established on March 26, 2004 and listed on the main board of Shanghai Stock Exchange on June 11, 2015. It is a domestic enterprise specializing in the production of metal packaging of fast-moving consumer goods such as food and beverage. Its products include metal two-piece cans and supporting easy-to-pull covers and iron printing products. The main customers include Coca Cola, Pepsi Cola, Budweiser beer, Tsingtao beer, snowflake beer, Yanjing Beer, Heineken beer, Wangwang, Wang Laoji, Wahaha, Meilin, etc. In addition to domestic business, Baosteel packaging has production bases in Vietnam and Italy to expand the Southeast Asian and European markets. In 2017, the revenue from overseas was 765 million yuan, accounting for 16.83% of the operating revenue.
4. COFCO packaging
COFCO packaging (0906. HK), a listed company in Hong Kong, was established on October 25, 2007 and listed on the Hong Kong Stock Exchange on November 16, 2009. The enterprise is a large state-owned comprehensive enterprise specializing in the production of metal packaging containers. The company's products are positioned in the middle and high-end consumer goods customer base, producing three categories of packaging products: tinplate packaging (three piece beverage cans, food cans, aerosol cans, metal covers, steel drums, square and round cans, printed iron, etc.), aluminum packaging (two piece beverage cans, single piece cans) and plastic packaging, which are mainly used in the packaging of consumer goods such as food, beverage and daily chemicals. Main customers include JDB, red bull, Wahaha, China Resources Snow Beer, Tsingtao beer, Budweiser, Coca Cola China, China Resources, Mead Johnson, Amway China, P & G, Shanghai Johnson, Shenzhen rainbow, Panasonic, Midea, shell, etc.
5. Shengxing Co., Ltd
Shengxing Co., Ltd. (002752) is A-share listed company. It was established on December 4, 1992 and listed on the small and medium-sized board of Shenzhen Stock Exchange on April 22, 2015. The enterprise is mainly engaged in the production and sales of metal containers used for food, beverage and other packaging. It is one of the largest metal container manufacturers in China. The company is a professional manufacturer of metal packaging containers such as cans. Its main products include tinplate three-piece cans and aluminum two-piece cans. Its main customers include huierkang, Yinlu group, Chengde Lulu, Yangyuan beverage, Dali group, Wangwang, Wang Laoji, Tsingtao beer, Yanjing Huiquan, etc. Guangdong Changsheng, a foreign subsidiary, is mainly engaged in contract energy management business with high-power xenon lamp as the carrier. Shengxingyun is mainly engaged in two-dimensional code coding service and one object one code cloud data service. In 2017, the revenue from EMC contract energy management and others was 73 million yuan, accounting for 3.57% of the operating revenue.
For more information, please refer to the Research Report on market prospect investigation and investment opportunities of China's metal packaging industry from 2018 to 2023 issued by China Commercial Industry Research Institute.