What is the development trend of the plastic products industry?

In recent years, China's plastic products industry has maintained a rapid development trend, in which the output of plastic products accounts for about 20% of the world's total output. From January to April 2018, the output of China's plastic products was 204.45 million tons.

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 plastics to 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%.

Through the analysis of the current situation of the plastics industry market, plastic products are widely used in various fields of national economy such as information, energy, industry, agriculture, transportation, space and marine development with light weight, low manufacturing cost and wide functions. Wood and cement together constitute the four basic materials in modern society and are one of the basic materials supporting the development of modern society. In recent years, China's plastic products industry has developed rapidly, and the growth of plastic products output and total production and sales has been stable.

According to statistics, in 2011-2016, the output of China's plastic products increased rapidly from 57.743 million tons to 771.171 million tons, with a compound annual growth rate of 7.11%. In the future, with the increasing demand for “functionalized”, “lightweight” and “micro-molding” products in the plastics processing industry, the supply scale of the plastic products industry will continue to grow steadily. The above is all the content of the analysis of the current situation of the plastics industry market.

Founded in 2008, Lu'an Qingsong Masterbatch Co., Ltd. specializes in the production of non-woven masterbatch, polypropylene masterbatch and other materials for spinning, drawing, BCF and other PP masterbatch, and also produces various environmentally friendly colors. Masterbatch, functional masterbatch, blown film masterbatch, injection masterbatch, engineering plastic modified masterbatch and reinforcing masterbatch, sincerely cooperate with domestic and foreign merchants to develop together.