The Impact of Electricity Price Increases on Packaging Boxes and Bags Industry

The reason for the current power rationing is mainly due to the surge in the cost of power generation caused by the high coal price, which makes the power supply tight.

Recently, many provinces have adjusted their electricity prices again due to the impact of power restrictions and production restrictions.

So, what impact does the increase in industrial electricity prices have on the packaging Box and Bags and printing industry?

Since Chinese packaging and printing industry is an industry with a very high degree of electrification and automation, the productivity level of Chinese packaging and printing industry is first-class all over the world. However, electrification also means that the cost of electricity for enterprises is high. Once the price of electricity is increased sharply, the production costs of enterprises will also get out of control.

For the packaging and printing industry facing the impact of raw material costs, labor costs, and environmental protection costs, few companies can withstand the sharp rise in electricity costs.

In the past six months, as the PPI and CPI scissors gap has continued to widen, the packaging and printing industry has experienced price upside-downs, and the business situation of the company is worrying. How to relieve the problem, only increase prices! So in near future, the packaging boxes and packaging bags price will raise a lot.