Plastic industry status analysis!

The plastics industry is a large and growing market. According to statistics, the global plastics market has grown at an average annual rate of more than 4% in the past decade, and is expected to reach global plastic product consumption of more than $600 billion by 2025. The Asia-Pacific region is the largest plastic production and consumption market, accounting for more than half of the global total. This is mainly due to the rapid development of manufacturing and construction in Asian countries.

According to statistics, in 2023, the output of plastic products in China was 74.885 million tons, down 3.64% year-on-year, and the market size was 1666.107 billion yuan, down 2.32% year-on-year. Since 2020, the overall profit and trade surplus of the plastic products industry have shown a growing trend, and thanks to the rapid rise of working lifestyles such as remote working and contactless distribution, the downstream demand for daily plastic products has continued to grow.

Plastic products are widely used, and the huge downstream industry provides a strong support for the development of China's plastic products industry, and China's plastic products industry ushered in new development opportunities. China's plastic products are mainly concentrated in agricultural plastic products, packaging plastic products, products, industrial transportation and engineering plastic products.

Huabiao Plastic Technology Co.,Ltd is a professional technology enterprise engaged in the research and development, production and sales of plastic additives, plastic functional masterbatches and special modified plastics