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The business of packaging...a global perspective

“By 2050, according to a PIRA report, China will be the world's largest economy. India and the U.S. will be tied for second.”

Pw 9150 T Schneider

As packaging professionals caught up in the day-to-day technical aspects of our jobs, we often lose sight of the fact that packaging is a very big business. It exceeds $US500 billion annually, world-wide. It's about competition and opportunity on a global basis.

China is certainly among the Top 5 “big things” happening in packaging.

I recently represented the Institute of Packaging Professionals in Beijing at the World Packaging Organization's (WPO) annual meeting. Shi Wanpeng, President of China Packaging Federation (CPF), spoke about a 5-year plan for packaging. CPF is a government agency and an integral part of China's central planning process. Mr. Shi's words count. He emphasized five areas for concentrated effort:

1. “Strengthen the capacity of independent innovation and improve the technical level of [packaging].”

2. “…speed the restructuring of packaging industry…to realize the modern industrial management pattern.”

3. “…develop the industry of green packaging.”

4. “Improve the legal framework of packaging and bring the packaging industry into the orbit of legal system building.”

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