In the last quarter of 2014, the State Council issued the "Some Opinions on Accelerating the Development of the Sports Industry and Promoting the Consumption of Sports" (hereinafter referred to as the "Opinions"), aiming to expand the supply of sports products and services and promote the sports industry as a key driver for economic transformation and upgrading. The document emphasized elevating national fitness to a national strategy and positioning the sports industry as a green and emerging sector. It highlighted football, basketball, and volleyball as key entry points to develop widely used, high-focus, and large-market collective sports projects. By 2025, the total scale of the sports industry is expected to exceed 5 trillion yuan, becoming a vital force for sustainable economic and social development.
Globally, the sports industry's output exceeds $1 trillion, with Switzerland, the United States, and Finland leading in terms of GDP percentage. The U.S. sports industry grows at twice the rate of the automobile industry. Recently, Wanda Group acquired Switzerland’s Infront Sports Group for 1.05 billion euros, reflecting China's growing influence in the global sports market.
China is currently undergoing an economic transition, and the sports industry plays a crucial role in improving economic structure and enhancing growth potential. As a pillar industry in developed countries, the sports sector has a large scale and rapid annual growth. However, China's sports industry still accounts for a small portion of GDP, indicating significant room for expansion. With rising income levels and improved living standards, demand for sports and cultural consumption continues to grow, highlighting the vast potential of the sports industry.
With strong government support, the sports industry is set for substantial growth. This includes not only sports events and services but also related industries such as sportswear, equipment, food, and souvenirs. These sectors are particularly reliant on carton packaging, which will see increased demand as the industry expands.
In an interview, Cheng Hang, founder and chairman of Hu Hang, stated that the "Opinions" represent positive news for the entire sports industry. He believes that China's sports industry will enter a new era of development, and sports packaging will also benefit from this favorable trend, experiencing another period of growth.
For more details, please refer to: [China Packaging Information Network](http://www.packagingnews.com.cn), the official website of China Packaging News and China Packaging Industry Magazine.
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