The market for plastic products will exceed 3 trillion in 2023

According to relevant data, the number of enterprises above designated size in China's plastics processing industry increased from 12,963 in 2011 to about 15,000 in 2016. As the market competition intensified, the industry concentration was further improved. In the same period, the main business income of enterprises above designated size was 15,583.74 billion yuan increased to 2,285.51 billion yuan, with a compound annual growth rate of 7.96%.

China's plastic products industry market size

According to relevant data, the output of China's plastic products in January-April 2018 was 204.45 million tons, an increase of 2.32%. In 2017, the output of China's plastic products was 75,155,400 tons, a year-on-year increase of 3.44%.

China's plastic products output trend in 2013-2018

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 plastic-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%.

Plastic products are widely used, and the huge downstream industry provides strong support for the development of China's plastic products industry. With the promulgation of the “Revitalization of Petrochemical Industry Planning Rules”, China's plastic products industry has ushered in new development opportunities.

With the acceleration of the construction of new socialist countryside and urbanization, the rate of urbanization in China has increased, and the rapid demand for plastic pipes, profiles, artificial leather, synthetic leather and other plastic products has increased, and the ability to innovate in technology has increased. It will promote the development of general plastics manufacturing industry, scientific and technological innovation and institutional management innovation will greatly stimulate the vitality of the market; the transformation of state-owned shareholding system, the rise of private economy, and the adjustment of new capital operation and resource allocation will form the driving force for enterprise development.

The role of domestic demand in plastics economic growth is increasing, adding market space for China's general plastics development; the country's decision on agricultural development, strengthening urbanization, revitalizing the old industrial base in Northeast China, and developing the western region, and promoting the plastics industry will With the strategic shift of the entire industry, the future will gradually develop from the two delta regions to the central region, while at the same time achieving regional strategic transformation and promoting the development of general plastics.

In 2017, China's plastic products manufacturing market revenue reached 2.44 trillion yuan. As the plastics industry matures and the precision of plastic products increases, it is expected that the revenue of China's plastic products manufacturing market will exceed 3 trillion yuan in 2023.

China's plastic products market scale and forecast in 2017-2023