Market status and development trend analysis of China's plastic products industry in 2022

First, plastic products market status

1. Output of plastic products

China is a big producer of plastic products, and in recent years, the output of plastic products in China has fluctuated slightly. Data show that the production of plastic products in China declined in 2018 and 2020, of which 2020 was mainly affected by the novel coronavirus pneumonia epidemic, and the production of plastic products fell from 81.842 million tons in 2019 to 76.032 million tons in 2020. In 2021, the output of plastic products was 80.4 million tons, an increase of 5.9%. The latest data show that from January to July 2022, China's production of plastic products reached 44.432,000 tons, down 4.1% year-on-year.

2. Regional distribution of plastic products

Data show that China's plastic products industry is mainly concentrated in East China and South China. In 2021, the output of plastic products in East China was 36.9626 million tons, accounting for 46.2% of the total. In South China, the output of plastic products accounted for 20.4%. The production of plastic products in central China and Southwest China accounted for more than 10%, 12.6% and 10.9% respectively. The output of plastic products in North China, Northwest China and Northeast China is small.

At present, China's plastic products industry is relatively concentrated in Zhejiang, Guangdong, Jiangsu, Fujian, Anhui and other provinces, of which the total output of the top five provinces accounted for 69%, forming a regional industrial cluster with the Yangtze River Delta and Zhuhai Delta as a typical representative, adjacent to or partially overlapping with the upstream and downstream industry manufacturing centers, with the dual advantages of regional economic development and industrial supporting. Thus, it will further strengthen the leading position of the industry in the advantageous regions and promote the development of industrial agglomeration to the direction of cluster.

Second, the development trend of plastic products industry

1. The market prospect is broad, and the industry will continue to grow

With the gradual transformation and upgrading of the industrial structure, the proportion of high-end products gradually increases, the basic supporting service functions continue to improve, the production of plastic products continues to grow, the market growth space is still large, the output value can maintain a high growth rate, in the basic application fields to meet the general needs of society to maintain steady growth, high-end application fields are gradually expanding. The plastic products industry is still in the stage of rising development, and the transformation and upgrading are steadily advancing. The development trend of "replacing steel with plastic" and "replacing wood with plastic" provides a broad market prospect for the development of the plastic products industry. In the future, the continuous extension of the downstream application field of the plastic products industry will further promote the upstream enterprises to continue to develop new products to adapt to the development of the market, and thus promote the industry to usher in greater development opportunities.

2. Dislocation development, deep cultivation of market segments

The downstream areas of the plastic products industry have a wide range, and there are great differences in the requirements of different plastic products on the research and development ability, technology, production process and management level of the production enterprises. There are many kinds of plastic products, large technology span and wide application, the market demand is large and distributed in different downstream industries, the market participants are mostly small and medium-sized enterprises, and the low-end products have excess capacity, fierce competition, and the market concentration is low. Market participants are usually based on their own research and development design, technology, management advantages for product positioning market segments, choose the way of dislocation competition, participate in market competition to seek development and growth.

3. 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 number of industrial clusters with greater influence. Under the strong promotion of national and local government policies, the construction of industrial clusters will carry out the next layout around the implementation strategy of green, ecological, low-carbon and recycling, and will extend from simple processing-type operations to the whole industrial chain with high technology content and high added value. In order to promote the stable, healthy and sustainable development of the plastic processing industry cluster, and further enhance the overall competitiveness of the plastic products industry.