Overview and development trend of plastics industry!

I. Industry overview

The plastic products industry is based on petrochemical products a plastic as raw materials, through processing, molding decoration, assembly and other processes to produce all kinds of products used in household daily necessities, packaging materials, building decoration, electronic appliances, automobiles and other fields. The development of the plastic products industry is affected by many factors such as consumer market demand, scientific and technological innovation and environmental protection regulations.

Second, market size

In recent years, the size of the plastic products market has shown a steady growth trend. According to the report, by the end of 2024, the global plastic products industry market size has exceeded 1.4 trillion US dollars, of which China's plastic products market size occupies a larger share of the global plastic products market, and China's plastic products consumption and output rank first in the world

Third, the industry development trend

1. Technological innovation: the plastic products industry is facing the challenge of transformation and upgrading, and more and more enterprises are beginning to pay attention to technological innovation and product upgrading to improve product quality and added value, and meet consumers' demand for environmental protection, safety and high-performance products.

2. Product personalization: With the diversification of consumer demand, the plastic products industry will face the challenge of more personalized demand. Enterprises need to introduce plastic products with different functions and appearance according to market demand to meet the growing differentiated needs of consumers.

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