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    Home > Chemicals Industry > China Chemical > my country's biodegradable plastics market has huge room for growth

    my country's biodegradable plastics market has huge room for growth

    • Last Update: 2022-01-02
    • Source: Internet
    • Author: User
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    [ Policies and Regulations of Chemical Machinery and Equipment Network ] On November 30, the Hainan Provincial Press Office held a press conference on the comprehensive rectification of the ban on plastics in the farmer’s market
    .
    It was stated at the meeting that the cumulative purchase volume of fully biodegradable plastic bags from all 40 farmer’s markets in Haikou’s main urban area exceeded 17 million, achieving full coverage of centralized procurement, and the penetration rate of fully biodegradable plastic bags in the farmer’s market has been greatly increased
    .

     
    Chemical Machinery and Equipment Network Policies and Regulations Chemical Machinery and Equipment
    At present, China's plastic ban policy mainly focuses on the four major areas of express packaging, plastic tableware, agricultural film and plastic shopping bags.
    The farmer's market has always been a block, focus and difficulty in the ban on plastics
    .
    Since 2020, specific policies and governance standards for banning plastics have been issued in various regions and fields in China.
    Degradable plastics have entered the golden age and have become the general trend of "carbon peak and carbon neutrality"
    .

     

    From the perspective of the current production capacity of biodegradable plastics and the production capacity under construction, the current domestic biodegradable plastic companies in the first echelon include Huafeng New Materials, Jindan Technology and Lai Run New Materials
    .
    Among them, Kingfa Technology mainly has a position advantage in the PBAT and PBS industries, with an existing production capacity of 120,000 tons/year, and another 180,000 tons of production capacity planned to be under construction
    .
    In addition, Xinjiang Wangjinglong, Hengli Petrochemical, Xinjiang Lanshan Tunhe and other enterprises are actively deploying petroleum-based biodegradable plastics
    .

     

    On November 22, Ningbo Jialian Technology Co.
    , Ltd.
    disclosed its prospectus, and plans to issue new shares and list them on the Shenzhen Stock Exchange in the near future.
    The maximum number of shares to be issued is 30 million shares
    .
    The 466 million raised this time will be used to invest in the construction of biodegradable material products and high-end plastic product production lines in the Xiepu plant , the construction of biodegradable materials and product R&D centers, and supplementary working capital
    .

     
    plastic products
    Jialian Technology is a high-tech enterprise engaged in the research and development, production and sales of plastic products and biodegradable products
    .
    In terms of research and development of new materials, Jialian Technology focuses on the research and development of modification of polylactic acid (PLA)
    .
    At present, it has seven PLA core modification technologies, and has core competitiveness in polylactic acid foaming, blister and injection molding
    .

     

      In recent years, e-commerce has become an important channel in the consumer sector, and the demand for disposable tableware and durable household products has increased greatly
    .
    As a product processor, Jialian Technology can flexibly use different raw materials to produce similar products in accordance with plastic restriction policies and changes in the industry to meet policy development and market demand
    .

     

      It is understood that in Jialian Technology's "Xipu Plant Area Biodegradable Material Products and High-end Plastic Product Production Line Construction Project", the new capacity includes 24,000 tons of high-end plastic products (household products and tableware) and 16,000 tons of biodegradable material products.
    (Household goods and tableware)
    .

     

      Recently, two national recommended standards actively participated by Jialian Technology: "GB/T 41010-2021 Biodegradable Plastics and Product Degradability and Labeling Requirements", "GB/T 41008-2021 Biodegradable Drinking Straws", announced that they will It will be implemented on June 1, 2022
    .
    For the degradable plastics industry, the formulation of these two standards further regulates the market, which is conducive to correctly guiding the processing, production, use, sales and application of biodegradable plastics and products
    .

     

      Based on our country’s promotion of biodegradable plastics, there is still room for growth in market demand
    .
    At present, the domestic production capacity and output are still unable to meet the needs of all aspects, and the biodegradable plastics market will still maintain high prices and industry profit levels in the short term
    .
    According to industry insiders, during the "14th Five-Year Plan" period, China's biodegradable plastics market will grow at a compound annual growth rate of 11.
    3%, and by 2025 it may achieve a revenue scale of more than 50 billion yuan
    .

     

      Note: This article is compiled and released by the Plastic Machinery Network ( and the information comes from: Nanhai Network, Biodegradable Materials Research Institute, Bio-based Energy and Materials, Huajing Information Network, Gade Chemical Network
     
    plastic robot
      Original Title: Facing the East Wind Policy | my country's Biodegradable Plastics Market Has Large Growth Space
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