Plastics industry development prospects

Plastics industry development prospects: 

The general development prospect of the whole plastics industry shows a steadily increasing tendency, but it still has many challenges and needs for transformation. ‌

Market size and production
In recent years, the cumulative output of the plastic products industry in China has fluctuated. The national plastic product output was 81 million tons in 2023, with a year-on-year increase of 4.2 % ‌1. For subdivision products, the output of plastic film, daily plastic products, synthetic leather, and other related products has kept a certain increasing trend, which is also widely used in packaging, building and construction, transport, electronics, medicine, and other fields ‌.

Industry policy background and environment requirements
In the context of increasingly severe environmental requirements, the plastic products industry is under pressure to transform. It is necessary to go to a green and sustainable development stage, strengthen the recycling of waste plastics, and promote research and development and production of degradable plastics ‌12. In addition, the industry policies are being continuously improved to improve the standards of product quality and promote the healthy development of the industry ‌.

Market demand and consumption upgrade: Due to the continuously upgrading of the consumer market and the pursuit of quality life, more development chances have come for the plastic product industry. In the case where market demand for high-performance and intelligent products is firm, and boosted by emerging industrial development represented by new-energy vehicles and green building construction, there is an enormous demand for high-performance and green plastic products.

Home Appliance Plastic Accessories

Automotive Plastic Accessories

Furniture Plastic Fittings

Daily Plastic Parts

Other Plastic Parts