Biodegradable Plastic Materials Welcome A Period Of Rapid Development In China

2022-12-09

Summary:The expansion of the scope and strength of the "Plastic Restriction Order" is inevitable. In the future, opening up the detachable plastic integral molding cove

The expansion of the scope and strength of the "Plastic Restriction Order" is inevitable. In the future, opening up the detachable plastic integral molding covering product chain can effectively reduce the finished products of downstream enterprises and strengthen the market of detachable plastic mold products.

China is a big plastic consumption country, "white pollution” is a severe problem, using PBAT to produce biodegradable materials is currently a mature alternative to new materials. It is replaced by plastic products under the domestic policy. It is estimated that by 2025, the domestic biodegradable plastic market will grow rapidly, forming a market scale of tens of billions.

Degradable plastics can be degraded into environmentally harmless substances under natural environmental conditions. At present, degradable plastics mainly include PLA, PBAT, PHA, PGA and other products. PBAT is a thermoplastic biodegradable plastic, one of the main raw materials is BDO.

The recent rapid development of degradable plastics is mainly due to policy promotion. Driven by relevant policies, the substitution rate of degradable plastics has risen rapidly.

China is a big plastic consumer in the world, accounting for 15% of the world's plastic consumption. According to the data released by Grand View Research, China's plastic packaging market size in 2019 is 54.1 billion US dollars, and it is expected that by 2025, China's plastic packaging market will reach 69.8 billion US dollars. The plastics market size is approximately USD 20.9 billion. Overall, China's biodegradable plastics market has broad prospects, and the industry's development can be expected.

The policy promotes the application of degradable plastics from medium and large cities to cities across the country, which greatly increases the demand for degradable plastics. The main application areas of degradable plastics in the future are shopping bags, express packaging, takeaway packaging, agricultural mulch, etc. According to forecasts, by the end of 2022, the incremental demand for degradable plastics is expected to reach 2.27 million tons. By 2025, the new demand for degradable plastics is expected to exceed 4 million tons, and the future space is very broad.

According to statistics, China uses about 3 billion plastic bags every day, of which 1 billion are only used for grocery shopping. According to statistics from the National Bureau of Statistics, the national output of plastic products in 2021 will be 80.04 million tons. 1 ton of polyethylene can theoretically make up to 130,000 plastic bags. It can consume nearly 7,700-23,100 tons of raw materials every day. If the current main raw materials are calculated at 8,900-9,400 RMB/ton, the amount of plastic consumed per day is 68.53 million to 217.14 million RMB. The annual value of plastic bags alone will reach 25 billion to 79.2 billion RMB. In addition, the price of degradable plastic products is basically above 20,000 to 40,000 RMB/ton. Due to the influence of foreign policies restricting the use of non-degradable plastics, the global replacement opportunities may reach trillions of RMB.

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