Demand For Biodegradable Plastics Surges

Dec 06, 2021

Since the beginning of this year, the prevention and control of plastic pollution in my country has been continuously strengthened. Since the implementation of the new "plastic ban", degradable plastic products have become the "new favorite" in the market. In the near future, non-degradable plastic products will gradually be completely replaced by degradable plastic products.

 

After the new "plastic ban" is issued, it is estimated that in the three areas of food delivery, express delivery, and agricultural film, the future demand for degradable plastics will reach 1.5453 million tons, corresponding to a market value of 27 billion yuan. In addition, the market for biodegradable garbage bags and shopping bags in my country is huge, with an annual output value of up to 12 billion yuan; the demand for bio-based fully degradable inflatable bags is growing rapidly, and the total market demand will reach 37.3 billion yuan; the market for bio-based degradable lunch boxes The demand is huge, and the annual demand is about 100 billion yuan in the market.

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