Industrial chain analysis, development overview, development trend and relevant risk characteristics of glass packaging container industry
1. Industrial chain of glass packaging container industry
The upstream of the glass packaging container industry is the raw materials and energy required for the production of glass packaging containers. The upstream raw materials and energy have a direct impact on the product quality and production cost of glass packaging containers. The upstream supply capacity directly determines the production demand of the glass packaging container manufacturing industry. The downstream is the manufacturing industry of daily necessities mainly including various drinks, food seasonings, chemical reagents and cosmetics. The demand of downstream industries for glass packaging containers directly determines the production and sales of the glass packaging container industry. For example, the packaging demand of wine and food has seasonal light and peak seasons, and the consumption or production of Baijiu and food often drives the seasonal growth of the demand for glass packaging containers; Meanwhile, the demand for cosmetic packaging continues to increase. This will directly increase the added value of the glass packaging container. In addition, with the rapid development of economy and the annual growth of people’s demand for cosmetics, the sales volume of cosmetics will increase rapidly, which undoubtedly further promotes the demand for cosmetic packaging containers.
2. Development overview and trend
The glass packaging container is a solid container made of quartz sand, soda ash, broken glass and other main raw materials as well as calcite, feldspar powder and other auxiliary materials through melting, molding, cooling, spraying and testing in a high-temperature furnace. The production and use of glass packaging containers have a history of hundreds of years. With the advantages of cost and chemical stability, they are widely used in the world.
Since the founding of the people’s Republic of China, China’s glass packaging container manufacturing industry has gone through many stages of development. The production efficiency has been further improved, the output scale has been continuously increased, and the quality has gradually reached the level of international similar products. At present, China has developed into a large producer of glass packaging containers. With the increasingly strict environmental protection requirements and energy consumption indicators, enterprises with strong energy consumption control ability and advantages in technology, scale and brand are supported and expanded, and the whole market shows a trend of constantly concentrating on industry-leading enterprises. The details are as follows:
(1) Glass packaging materials are encouraged because of their renewable nature. The glass packaging container can be recycled after use without affecting the product quality. It can not only effectively solve the treatment problems of plastic and other packaging materials after use, reduce environmental pollution, but also realize the recycling of products and save resources. With the continuous deepening of the government’s construction of an environment-friendly and resource-saving society, the continuous improvement of regulatory requirements, and the enhancement of social residents’ awareness of environmental protection and resource conservation, glass packaging containers have gradually become the packaging materials encouraged by the government, and consumers’ recognition of glass packaging containers has also increased.
(2) The continuous demand growth of the downstream industry has led to the continuous expansion of the glass packaging container market.
(3) Industrial policies and regulations such as energy conservation and environmental protection have become stricter, further enhancing the market concentration. In recent years, China has issued a number of important industrial policies to accelerate the structural adjustment and industrial upgrading of the glass packaging container manufacturing industry, strengthen energy conservation and emission reduction and comprehensive utilization of resources, and guide the glass packaging container manufacturing industry to develop in the direction of environmental protection and energy conservation. The enterprises with backward technology, large energy consumption and small scale in the industry will be gradually eliminated or merged. The enterprises with advantages in technology, scale and brand will be supported and expanded. The market will show a trend of continuously concentrating on the leading enterprises in the industry and a good development trend.
3. Glass packaging container industry barrier
(1) Access barriers
The entry conditions for the daily glass industry issued by the Ministry of industry and information technology strictly limits the construction standards, technical standards and energy consumption standards of new or expanded projects in the daily glass industry, It is clearly proposed to “strictly control the new daily glass production projects in the eastern and central regions and areas with relatively concentrated production capacity. The focus of the construction project is to carry out technical transformation and upgrading of the existing production lines and develop lightweight glass bottles, high-grade glassware and special varieties of glass products”. Therefore, for daily-use glass production enterprises located in the East and central regions and areas with relatively concentrated production capacity, the threat of new entrants is greatly reduced, and the possibility of backward enterprises exiting the industry is greatly increased, which helps to prevent blind investment and low-level repeated construction, promote industrial structure adjustment, and realize the sustainable and healthy development of the daily-use glass industry.
(3) Capital Barrier
The daily-use glass industry is a capital intensive industry, which has a high capital barrier for new enterprises. The construction investment scale of domestic daily-use glass production enterprises is generally more than 100 million yuan. The subsequent technological upgrading, product upgrading and the mandatory requirements for the construction of energy-saving and environmental protection facilities have greatly increased the capital investment. The capital strength of the enterprises is very high, and the investment threshold of new enterprises has been raised.
(2) Technical barriers
With the continuous development of the daily-use glass industry in the direction of light weight and energy saving, relying on low-end equipment and technology can no longer maintain the long-term survival of enterprises. New entrants must build professional production equipment with a high starting point to gain a foothold in the competition. The specialized production equipment must be digested, debugged and improved by the production and technical team of the enterprise to give full play to its efficiency. For new entrants, it is difficult to form advanced productive forces in a short time without the necessary technical experience accumulation and professional talent reserve.
(4) Market barriers
The end customers of glassware products are the major cosmetics manufacturers. In the industry, glassware manufacturers usually sell them to traders, who assemble glass bottles and accessories and then sell them to terminal enterprises. To cooperate with large-scale traders, glassware manufacturers need to have strong design and production capacity and good product quality to pass the strict screening of large-scale traders. For new entrants in the industry, strong market barriers have been formed.
4. Basic risk characteristics of glass packaging container industry
(1) Energy consumption and environmental protection risk
With the increasing requirements for reducing energy consumption and reducing pollution emissions, the state and local governments at all levels have issued a series of energy-saving and environmental protection regulations and corresponding standards, put forward higher requirements for glass production enterprises, and more strictly control the standards of environmental pollution and energy consumption generated in the process of manufacturing glass finished products, and encourage and promote the restructuring and merger within the industry, so as to reduce the cost of low output, low added value of products Small and medium-sized enterprises with high energy consumption shall be eliminated in a timely manner.
(2) Competition risk
The daily glass industry is a fully competitive industry. There are many domestic manufacturers and the industry concentration is low. Compared with foreign advanced enterprises, there is still a certain gap in product quality and production efficiency. Although the daily-use glass industry has a high technology and capital threshold, with the intervention of foreign daily-use glass industry giants and some domestic glass products enterprises increasing investment to promote the optimization of product structure, the market competition in the daily-use glass industry will intensify.
Post time: Aug-29-2022