Ev> Blog> China's plastic products industry is promising, the market size will exceed 3 trillion in 2023

China's plastic products industry is promising, the market size will exceed 3 trillion in 2023

January 26, 2024

China's plastics industry is gradually maturing 2023 revenue will exceed 3 trillion yuan

The number of enterprises above designated size in China's plastics processing industry increased from 12,963 in 2011 to 15,350 in 2017. While market competition has intensified, industry concentration has been further improved. In the same period, the main business income of enterprises above designated size increased from 1,558.374 billion yuan to 22,808.36. The annual compound growth rate is 7.93%.

In 2017, the national enterprises above designated size in the plastic products industry completed a total revenue of 2,280.8 billion yuan, a year-on-year increase of 6.74%, an increase of 0.63 percentage points over the same period of the previous year. Among them, the largest amount is the manufacture of plastic sheets, tubes and profiles. The main business income is 504.5 billion yuan, accounting for 22.12%, followed by other plastic products manufacturing. The main business income is 418 billion yuan, accounting for 18.33%. The highest growth rate was the manufacture of other plastic products, an increase of 10.57%. The industries with higher growth rates are plastic film manufacturing, daily plastics manufacturing, and plastic parts manufacturing, with an increase of 9.96%, 9.84%, and 8.43%, respectively. The lowest growth rate is plastic artificial leather and synthetic leather manufacturing. The main business income is 1073. 100 million yuan, an increase of -4.11%.

From January to May 2018, the income of the national plastic products owner business was 254.154 billion yuan, a year-on-year increase of 7.26%; among them: the main business income of plastic film manufacturing was 32.655 billion yuan, an increase of 5.36% year-on-year; the manufacture of plastic sheets, tubes and profiles The main business income was 56.185 billion yuan, a year-on-year increase of 14.56%; the main business income of plastic silk, rope and woven goods manufacturing was 14.97 billion yuan, up 2.2% year-on-year; the main business income of daily-use plastic products manufacturing was 18.946 billion yuan, down year-on-year. 4.65%.

In 2017, the cumulative output of the national plastic products industry totaled 751.554 million tons, an increase of 3.44% year-on-year, and the growth rate was 0.78 percentage points higher than the same period of the previous year. From the classification of plastic products, the output of plastic film products was the highest, with a production of 14.54 million tons, accounting for 19.35%; the highest growth rate of foam plastic products, with a yield of 2.786 million tons, an increase of 7.84%; followed by daily-use plastic products with a production of 6,651,400 tons. It increased by 5.8% year-on-year. The lowest growth rate of production is plastic artificial leather and synthetic leather, with an increase of only 1.34%.

From January to June 2018, the output of plastic products of industrial enterprises above designated size reached 31.583 million tons, a year-on-year increase of 1.6%.

From the perspective of demand, China's per capita plastic consumption is still far from the developed countries. As a measure of the development level of a country's plastics industry, the ratio of plastic-steel is only 30:70 in China, which is less than the world average of 50:50, and far less than developed countries such as 70:30 in the US and 63:37 in Germany. In the future, with the technological advancement and consumption upgrade of China's modified plastics, China's plastic products need to be expected to maintain a growth rate of more than 10%.

Plastic products are widely used, and the huge downstream industry provides strong support for the development of China's plastic products industry. With the promulgation of the “Revitalization of Petrochemical Industry Planning Rules”, China's plastic products industry has ushered in new development opportunities.

With the construction of a new socialist countryside, the acceleration of urbanization, the improvement of China's urbanization rate, the development of new agriculture, and the promotion of pipe corridor projects and sponge cities, plastic pipes, profiles, artificial leather, synthetic leather, plastic film, etc. The rapid demand growth of a series of plastic products, the improvement of technological innovation capability will promote the development of general plastics manufacturing industry, and technological innovation and system management innovation will greatly stimulate the market vitality.

The role of domestic demand in plastics economic growth is increasing, adding market space for China's general plastics development; the country's decision on agricultural development, strengthening urbanization, revitalizing the old industrial base in Northeast China, and developing the western region, and promoting the plastics industry will With the strategic shift of the entire industry, the future will gradually develop from the two delta regions to the central region, while at the same time achieving regional strategic transformation and promoting the development of general plastics.

In 2017, China's plastic products manufacturing market revenue reached 2.44 trillion yuan. As the plastics industry matures and the precision of plastic products increases, it is expected that the revenue of China's plastic products manufacturing market will exceed 3 trillion yuan in 2023.

China's plastic products industry development trend

At present, China's plastic products industry is in a critical period of transition from high-speed growth zone to industrial maturity and to the mid-to-high end of the industry. It has changed from high-speed growth to medium-speed and steady growth. The plastic products industry has ushered in new development opportunities and business situations.

(1) The market space is large and the industry will continue to grow.

With the gradual transformation and upgrading of the industrial structure, the proportion of high-end products has gradually increased, the functions of basic supporting services have been continuously improved, the output of plastic products has continued to grow, the market space is still large, and the output value can maintain a high growth rate, which is the basis for meeting the general needs of society. Under the circumstance of steady growth in the application field, the high-end application field is gradually strengthening. It can be seen that the plastic products industry is still in the stage of rising development, and the transformation and upgrading is steadily advancing. The development trend of “plasticizing steel” and “plasticizing wood” provides a broad market space for the development of plastic products industry. In the future, with the technological advancement and consumption upgrade of China's modified plastics, China's plastic products industry will continue to grow.

(2) Sustainable development of industrial clusters

In terms of industrial layout, East China, South China and Central China are relatively concentrated areas of China's plastic products industry, forming a group of industrial clusters with greater influence. Under the strong promotion of national and local government policies, the construction of industrial clusters will focus on the next step of green, ecological, low-carbon, and circular implementation strategies, from simple processing operations to high-tech, high value-added The entire industry chain extends. Thereby promoting the stable, healthy and sustainable development of the plastic processing industry cluster, and further enhancing the overall competitiveness of the plastic products industry.

(3) Rapid promotion and application of new materials and new technologies

In recent years, China's plastic products industry has developed rapidly, and many new materials and new technologies have emerged. For example, plastic modified materials, engineering plastics, plastic alloys and plastic composite materials continue to expand in the automotive, aircraft, high-speed rail, electronic appliances, information, medical and agricultural applications; electromagnetic heating energy-saving technology, aerogel insulation energy-saving technology, The two-plate machine technology of injection molding machine, plastic dynamic molding technology, co-directional conical twin-screw technology, servo drive and control technology have greatly improved the energy-saving efficiency and production technology level of the plastics processing industry.

In addition, new molding technologies such as super-shear plasticization, power ultrasonic plasticization, micro-lamination technology, etc. are applied to the plastic processing process, which not only improves the processing technology level, but also effectively reduces the energy consumption in the production process. In the future, as the market demand continues to expand, new materials and technologies in the plastics industry will be further promoted and applied.


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October 14, 2022

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October 14, 2022

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