Great Potential on Chinese eyewear market
It’s reported by the People’s Daily that over 600 million people have myopia in China by 2019. China has been the country with the highest rate of myopia in children and adolescents in the world . The large population of myopia creates a huge market for optic industry.“Analysis on prospect and investment of Chinese optic industry from2020-2025”, posted by China Commercial Industry Research Institute, estimated that the China optical retail market will increase further to 85 billion in2020 based on 73 billion in 2017. With rising household income and consumption , the social aging and the enhancement of consumers’awareness on health care , there is a great potential on Chinese eyewear market .
数据来源：中商产业研究院
Bright Prospect of Eyewear Industry
1.Strong support from national policy
The eyewear industry is closely related to the development of the national economy and it’s greatly supported by national industrial policy . In recent years , the Chinese government has successively introduced a series of industrial development -related policies to provide support in tax ,investment and other aspects.“The Plan for Light Industry Adjustment and Revitalization”issued by the State Council points out to support small and medium-sized enterprises ,cultivate industrial clusters , and increase export tax rebates so as to create a good policy environment for eyewear industry .
2.Consumers’ability rising and upgrade awareness on consumption boost eyewear industry
With the sustained and stable growth of the national economy , the income of people has been obviously improved and the increasing needs on high-end consumer goods and non-essential items propel the development of eyewear industry . The data indicates that the national per capita disposable income reaches ￥30733，an increase of 5.8% as compared to the previous year in absolute terms after the adjusting for inflation.
Per Capita Disposable Income of Chinese People in 2016-2021
3.Material’s further application offers new opportunity to eyewear industry .
With the progress of technology , acetate are widely applied in the fields of fashion accessories, high-end crafts,etc. Its excellent properties and fashionable patterns, creating more opportunity to eyewear industry.
4.The international industrial shift promotes the development of eyewear material’s market
China has become the world’s major eyewear production and export base ,as well as the major eyewear consumer. The international industrial shift provides new development opportunities for our eyewear industry , helps us to complete the supporting system of the industry , promotes the formation of eyewear manufacturing clusters and stimulates the demand of eyewear material and related ancillary products , playing a positive role in the development of eyewear material market .
5.Fast change of eyewear designs impel the acetate market development
As the new technology progresses , more styles of frames such as havana , wood-like , denim ,mix-and-match patterns spring up with variety of expression for each style , which have been favored by the market . Take the popular mix-and-match pattern for example , it could be manifested by the combination of acetate with metal , decoration or acetate itself, realizing the perfect look of acetate with patterns by sculpture ,inlay and other craftsmanship . The various patterns help acetate become the main material of eyewear frames , impelling the further development of acetate in eyewear frame market .
