Domestic players have leading positions in the paper manufacturing sector. Most of the companies are controlled by private capital and some are traded on a regulated market. In order to increase their market competitiveness, these companies have to optimise their input costs. This includes to generate their own electricity and import low-cost raw materials. The Chinese paper manufacturing sector has high entry barriers, because the major players on the market rely on economies of scale, which makes the companies’ capital outlays and fixed costs high. The Chinese government policy also contributes to high entry barriers, with the rising level of regulation related to climate change and energy efficiency, affecting the paper and paperboard production.

Smart labels are becoming one of the most popular technologies across the retail, healthcare, and logistics sectors, among others, and are viewed as an ideal means to achieve greater efficiencies and profitability, while providing the authenticity of an item and its traceability from the warehouse to the distribution center throughout the supply chain. These labels are used as a tool to enable smart supply chains and are also playing a vital role in the marketing and advertising of consumer products, which can be achieved through the provision of product information, as well as the analysis of consumer buying patterns that can be accessed from the data collected by these labels. Cost cutting over the supply chain, to be closer to the nearest level of efficiency, by manufacturers, has been a critical factor that has augmented the demand and prompted the proactive adoption of these solutions to gain the first mover advantage in the individual end-user industry.

The growth of the print label market is augmented by the rapid rise of digital print technology that has made the print label market more sophisticated and increased the adoption of digital print labels, Their versatility and flexibility, combined with the high graphics standards, are the key growth features. Many organizations like Nilpeter, Xeikon and Bobst Firenze, among others, believe that digitally printed label is suited to meet the demands of the market and has an added advantage over traditional printing technologies. Digital technology has met the multiple requirements of various end-user industries in makin g a ttractive la bel designs to encourage potential consumers to make purchases. The integration of digital technology with the existing label printing technique is expected to bring a huge change to all the small-scale, as well as large-scale sectors, improving the overall market. The growth of the print label market is augmented by the rapid rise of digital print technology that has made the print label market more sophisticated and increased the adoption of digital print labels, Their versatility and flexibility, combined with the high graphics standards, are the key growth features.

轻工行业综述：2019 年轻工行业实现营收 4956.92 亿元，同比增长 2.40%；实现归母净利润220.71 亿元，同比增长8.29%，营收增速于 2019Q2 达到低点后上升；归母净利润增速则逐季有所上升。2020Q1 受疫情影响明显，营收下滑15.78%，归母净利润下滑35.48%。

实力雄厚的地产头部企业近年来着力布局产业链上游。地产公司通过 入股、建立家居建材集采平台、共建产业园等多种方式与上游To B 龙 头公司开展深度合作。