Degradable materials - a blue ocean under development

According to statistics, China is the world's largest producer and consumer of plastics, and its plastic consumption accounts for 15% of the world. According to Zhuo Chuang's statistics, my country's annual apparent consumption of plastics is about 80 million tons, and the apparent consumption of plastic products is about 60 million tons.

The state has successively issued relevant policies to limit and reduce the use of plastic products. The "Opinions on Further Strengthening Plastic Pollution Control" issued by the National Development and Reform Commission and the Ministry of Ecology and Environment pointed out that by the end of 2020, non-degradable disposable plastic straws will be banned in the catering industry nationwide; For dine-in service, it is forbidden to use non-degradable disposable plastic tableware. By the end of 2022, the use of non-degradable disposable plastic tableware will be prohibited in the built-up areas of counties and scenic spots in catering services. By 2025, the consumption intensity of non-degradable disposable plastic tableware in the catering takeaway field in cities above the prefecture level will drop by 30%.

With the strengthening of policies and the continuous expansion of the application of degradable plastics, once a large-scale substitution is realized, there will be a huge market space for degradable plastics.

According to reports, Huaan Securities predicts that by 2025, the demand for degradable plastics in my country is expected to reach 2.38 million tons, and the market size will reach 47.7 billion yuan. By 2030, the demand for degradable plastics in my country is expected to reach 4.28 million tons. It can reach 85.5 billion yuan. According to the data released by Grand View Research, in 2019, my country's plastic packaging market size is 54.1 billion US dollars. It is estimated that by 2025, my country's plastic packaging market will reach 69.8 billion US dollars. , my country's biodegradable plastics market size is about 20.9 billion US dollars.

The domestic degradable plastics market will usher in huge investment opportunities.