The rapid development of wine in the country is well-known. However, in the process of development of wine, there are falsifications of the year, such as the "three fine and one water" blending. The increasing proliferation of fake wines has made the domestic wine industry a mess. The domestic wine industry began to enter the integration period. On July 1st, the Ministry of Industry and Information Technology formulated the "Conditions for the Access to the Wine Industry." Previously, due to the chaos in the downstream market, many wines were sold through domestic distribution, which also led to the rapid growth in demand for wine bottles. In the past few years, with the continuous increase in orders for wine bottles, domestic wine bottle production capacity has continued to expand. With the integration of the market, these new orders have begun to shrink, resulting in overcapacity of wine bottles.
On the other hand, the traditional wine market, the test of the economic contraction that Europe and the United States are currently experiencing, and people with reduced incomes, have also caused wine sales to decline. All along, there are a large number of domestic wine bottles exported to Europe and the United States. In recent years, with the decline in foreign trade orders, and the domestic wine bottle market has also been affected by the downstream integration, which makes the sales hit by both inside and outside.
In the face of the current market conditions, we hope that the wine bottle companies can respond flexibly to tide over the difficulties.
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