China's LED packaging industry rank first in the world

It is understood that as early as 2015, China's packaging output value has reached 21%, ranked first in the world. Followed by 20% of Japan, 18% of Europe, and Taiwan ranks the fourth with 15% of the market share. By 2016, China's packaging enterprises provide 70% of the global packaging production.

At present, China's packaging industry is still constantly expanding the scale. According to the latest research data, 2016 China LED packaging market size from RMB644 billion in 2015 to 73.7 billion RMB, an increase of 14%. In 2017 by the LED application market, especially LED lighting market picks up and strong demand for small space market driven. It is expected in 2017 China LED packaging market will reach 87 billion RMB, an increase of 16%.

China's LED packaging industry in the next few years will maintain the output value of 13% -15% growth rate. It is expected in 2020 China's LED packaging scale will grow further to 128.8 billion RMB.