Plastic products industry gradually mature 2023 market size will exceed 3 trillion

After decades of rapid development, China's plastic products industry has undergone great changes. During the "Twelfth Five-Year Plan" period, China's plastic products industry continues to develop in the adjustment, transformation and upgrading of industrial structure. In recent years, China's plastic products industry has maintained a rapid development trend, with production and sales ranking first in the world, of which plastic products production accounts for about 20% of the world's total output.

According to the "Plastic products industry production and sales demand and investment forecast analysis report" released by the prospective Industry Research Institute, the number of enterprises above the scale of China's plastic processing industry increased from 12,963 in 2011 to about 15,000 in 2016, and the market competition intensified at the same time, the industry concentration was further improved; In the same period, the main business income of enterprises above designated size increased from 1558.374 billion yuan to 2.285.510 billion yuan, with a compound annual growth rate of 7.96%.

Statistics from the Prospective Industry Research Institute show that the output of plastic products in China from January to April 2018 was 20.4455 million tons, an increase of 2.32%. In 2017, the output of plastic products in China was 75.1554 million tons, an increase of 3.44%.

From the perspective of demand, China's per capita plastic consumption is still a big gap compared with the world's developed countries. As an indicator to measure the level of development of a country's plastics industry, the ratio of plastic steel in China is only 30:70, less than the world average of 50:50, and farther than developed countries such as the United States of 70:30 and Germany of 63:37. In the future, with the technological progress of China's modified plastics and the upgrading of consumption, 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 a strong support for the development of China's plastic products industry. With the introduction of the "Planning Rules for Revitalizing the Petrochemical Industry", China's plastic products industry has ushered in new development opportunities.

With the acceleration of the socialist new rural construction and urbanization process, the improvement of China's urbanization rate, the rapid demand growth of plastic pipes, profiles, artificial leather, synthetic leather and a series of plastic products, the promotion of technological innovation ability will promote the development of general plastic manufacturing industry, scientific and technological innovation and institutional management innovation will greatly stimulate market vitality; The transformation of state-owned shareholding system and the rise of private economy will form the driving force of enterprise development through the adjustment of new capital operation and resource allocation.

The role of domestic demand in the growth of the plastics economy is increasing, adding new market space for the development of general plastics in China; The national decision on agricultural development, strengthening the urbanization process, revitalizing the old industrial base in the northeast, developing the western region and other strategies, to promote the plastics industry will be with the strategic transfer of the entire industry, the future will gradually develop from the two delta regions to the central region, while achieving regional strategic change, to promote the great development of general plastics.

In 2017, the revenue scale of China's plastic products manufacturing market reached 2.44 trillion yuan, and with the gradual maturity of the plastic industry and the improvement of the precision of plastic products, it is expected that the revenue scale of China's plastic products manufacturing market will reach more than 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 area to industrial maturity and towards the high-end of the industry, has changed from high-speed growth to medium-speed steady growth, and the plastic products industry has ushered in new development opportunities and business situation.

(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 gradually increases, the basic supporting service functions continue to improve, the production of plastic products continues to grow, the market space is still large, the output value can maintain a high growth rate, and the basic application fields that meet the general needs of society maintain steady growth, the high-end application fields are gradually strengthened. It can be seen that 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 space for the development of the plastic products industry. In the future, with the technological progress of China's modified plastics and the upgrading of consumption, 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 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.

(3) The 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, the application range of plastic modified materials, engineering plastics, plastic alloys and plastic composite materials in automotive, aircraft, high-speed rail, electronic appliances, information and medical fields continues to expand; Electromagnetic heating energy saving technology, aerogel insulation energy saving technology, injection molding machine two-plate technology, plastic dynamic forming technology, conical twin screw technology, servo drive and control technology have greatly improved the energy saving efficiency and production technology level of plastic processing industry.

In addition, new molding technologies such as supershear plasticization, power ultrasonic plasticization, and microlamination technology are applied to plastic processing processes, which not only improves the level of processing technology, but also effectively reduces the energy consumption in the production process. In the future, with the continuous expansion of market demand, new materials and new technologies in the plastic products industry will be further promoted and applied.