【Industry Research】Plastics Industry Status And Development Prospects

1,Industry Overview
The plastics industry has high technology, high threshold, advanced and other characteristics, has penetrated into the automotive, consumer electronics and household appliances and other fields, 2021 China's production of plastic products for 20,445,500 tons, listed companies: jinfa science and technology, Pride, Daoyen shares, Guone shares, Wot shares, Nanjing Jurong and so on. Special varieties of modified plastics to improve the flame retardancy, strength, impact resistance of the product, the following is the analysis of the current situation of the plastics industry in 2022.

Global plastic consumption in volume has exceeded the steel, become a large industrial materials, and China's consumption of 90 million tons or so, has become the world's larger plastic consumption of the country, the industry scale of 2.6 trillion. Analysis of the current situation of the plastics industry pointed out that China's plastics industry, there are 13,400 plastics processing-related enterprises, the whole is still the traditional manufacturing enterprises, which seriously restricts the development of the industry.

Plastics industry as one of the pillar industries of China's light industry, the growth rate in recent years has been maintained at more than 10%. Plastic products industry, the total output value of enterprises above designated size ranks third among the 19 major industries in the light industry, realizing a product sales rate of 97.8%, higher than the average level of light industry. China's plastic packaging industry is huge, in recent years to maintain a sustained and stable growth. 2021 China's plastic packaging industry to achieve product sales revenue of 286.832 billion yuan, an increase of 8.02% year-on-year, the last five years compound growth rate of 7.94%. From the point of view of demand, China's per capita consumption of plastics compared with the world's developed countries there is still a big gap. Analysis of the current situation of the plastics industry pointed out that, as a measure of the level of development of a country's plastics industry indicators of plastic steel ratio, our country is only 30:70, less than the world average of 50:50, far less than developed countries such as the United States of America's 70:30 and Germany's 63:37. With the technological advances in China's modified plastics and consumer upgrading, China's need for plastic products is expected to maintain a growth rate of more than 10%. From the application point of view, plastic products are widely used, the huge downstream industry for the development of China's plastic products industry provides strong support. With the introduction of the "revitalization of the petrochemical industry planning rules", China's plastic products industry ushered in new development opportunities. At present, the main raw materials for plastic products in China are general-purpose plastics, engineering plastics, specialty plastics and modified plastics. Plastic products industry using high-end raw materials such as special engineering plastics, modified plastics and plastic additives are mainly dependent on imports, high-end equipment import dependence is high. High-end raw materials and equipment, the level of autonomy is not high, is a constraint on the industrial structure of the plastic products industry upgrading, innovation and development of adverse factors.

2,industry development and distribution
Plastic products production fluctuations and growth, industrial distribution has obvious geographical plastic products is the use of plastic as the main raw material processed into life, industry and other supplies, including plastic as raw material injection molding, plastic absorption and all other processes of products. Plastic products because of its excellent performance is widely used in real estate, automotive, household appliances, consumer, packaging, consumer electronics, medical equipment and other fields, a huge downstream market for the development of the plastic products industry provides a strong support. According to the National Bureau of Statistics, China's production of plastic products increased from 61.887 million tons in 2013 to 75.15 million tons in 2017.

In 2018, China's production of plastic products declined significantly, with a growth rate of -19.6%, which was mainly affected by the reduction of plastic products OEM in the context of the trade war between China and the U.S. China's production of plastic products rebounded rapidly in 2019, with a growth rate of 35.5%, but the Due to the new crown epidemic greatly restricting the processing and production of plastic products, China's output of plastic products in 2020 declined to 76.032 million tons, with a growth rate of -7.1%. With the domestic epidemic to the better and the production enterprises to actively self-help, China's plastic products industry gradually warmed up, coupled with some of the production enterprises to switch to the production of epidemic prevention items to supply the urgent need, in 2021 China's plastic products production more than 80 million tons.

From the point of view of the development of each region, China's plastic products production is concentrated in East China, accounting for 46.2% in 2021. In addition, South China, Central China and Southwest China accounted for 20.4%, 12.6% and 10.9%. From the point of view of the development of the provinces, Guangdong, Zhejiang, Fujian plastic products production ranked the top three, in 2021 were 15,101,400 tons, 12,121,700 tons, 6,620,700 tons.