Continued rise in outsourcing by global manufacturers to lower production cost centres:

	More global packaging companies are sourcing for packaging products from the PRC

Increase in consumer spending as global economy continues to improve:

	The packaging industry which is a support industry, will grow in tandem with the growth of other industries as the global economy continues to improve.
	The global consumer packaging market is expected to grow at a rate of approximately 5% annually from 2005 to 2009.

Increasing disposable income and improving standards of living in the PRC are expected to drive an increase in demand for FMCGs and pharmaceutical products, thereby, driving demand for packaging of such products

	According to China Packaging Federation, it is estimated that the packaging industry in the PRC would grow at 9% between 2006 and 2010 in tandem with the GDP of the PRC while the annual industry output is expected to reach RMB525 billion by 2010