Plastic products offer significant advantages over metals and wood, including lower costs and greater flexibility in shaping. As a result, they are widely used across various industries in the national economy. The plastics industry has become a crucial part of the global economy, with plastic production growing rapidly worldwide for many years. According to the "2013-2017 China Plastics Industry Production and Sales Demand and Investment Forecast Analysis Report," China consistently ranks among the top producers of plastic products globally, with its output of various types of plastics leading the world. This has made China a major player in the global plastics market.
From 2001 to 2010, the annual growth rate of China’s plastic product production remained above 15%, and by 2010, the total output reached 58.3 million tons. Despite this impressive growth, there is still a considerable gap between China's per capita plastic consumption and that of developed countries. For example, the ratio of plastic to steel in China is only 30:70, which is below the global average of 50:50 and significantly lower than the ratios seen in the U.S. (70:30) and Germany (63:37). With technological advancements and rising consumer demand, the modified plastics sector in China is expected to drive continued growth, with the industry projected to maintain an annual growth rate of over 10% in the coming years.
Plastic products have a wide range of applications, supported by strong downstream industries that contribute to the development of the plastics sector. The release of the “Revitalization of Petrochemical Industry Planning Rules†has created new opportunities for growth in China's plastics industry. The main areas of demand include agricultural plastics, packaging materials, construction-related products, and industrial and engineering plastics. These sectors continue to fuel the expansion of the industry, ensuring its sustained development in the future.
Jiuzhi Plastics Network
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