Hardware packaging machines are an important part of China's packaging industry. From 2008 to 2012, the proportion of hardware packaging to the packaging industry's sales revenue continued to increase, and the compound annual growth rate of sales revenue from 2008 to 2012 was 23%. In 2012, hardware packaging overcame difficulties such as rising raw material prices, rising transportation costs, and energy shortages. Production and sales continued to maintain a strong growth momentum, basically achieving simultaneous improvements in scale and efficiency. The industry achieved sales revenue of 46.3 billion yuan, a year-on-year increase of 18%. The total profit reached 1.64 billion yuan, and the total assets reached 40.2 billion yuan, an increase of 11.5% year-on-year. The industry is in a new period of development showing a steady increase, and it is expected to maintain a relatively rapid growth in the next five years.
After 30 years of reform and opening up, China's economic and consumption growth has driven the growth of the packaging industry and the improvement of the quality of packaging products. Hardware packaging has been widely used in industries such as fasteners, furniture, electronic appliances, toys, daily chemicals, and home decoration products because of its good airtightness and bright patterns. The hardware and furniture industry has become the largest market for metal packaging. Toys, electronic appliances, and home improvement industries are all important markets for metal packaging.
