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    Home > Chemicals Industry > China Chemical > Biodegradable plastics industry has strong market demand and exceeds budget growth

    Biodegradable plastics industry has strong market demand and exceeds budget growth

    • Last Update: 2022-06-25
    • Source: Internet
    • Author: User
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    [ Market analysis of chemical machinery equipment network ]
     
    Chemical machinery and equipment network market analysis chemical machinery and equipment
    Biodegradable plastics are expected to reach 10 million tons of market
     
    Biodegradable plastics are expected to reach 10 million tons of market
    With the gradual implementation of China's plastic restrictions and even the ban on plastics, the market for degradable plastics is expected to open up, with more than ten times the space, and it is expected to reach a market of 10 million tons.

     

    1.
    Accelerating the promotion of plastic restriction policies in Asia is expected to become a major consumer market for biodegradable plastics
     
    1.
    Accelerating the promotion of plastic restriction policies in Asia is expected to become a major consumer market for biodegradable plastics
    In recent years, developed countries and regions such as Europe, the United States, and Japan have successively formulated and issued relevant laws and regulations to restrict the use of non-degradable plastics through measures such as partial prohibition, restriction, mandatory collection, and collection of pollution taxes, and vigorously develop new biodegradable materials.
    , In order to protect the environment and the soil.

     

    From 2019 to 2020, many countries in Asia have issued plastic restriction policies, including China, Pakistan, India, the Philippines, Thailand, Algeria and other countries.
    In the coming period, the demand for biodegradable plastics in Asia will grow rapidly, which is expected to replace Europe.
    Become a big consumer market for biodegradable plastics.
    2.
    The production capacity of biodegradable plastics is growing rapidly, and there is a lot of room for substitution of polylactic acid
     
    2.
    The production capacity of biodegradable plastics is growing rapidly, and there is a lot of room for substitution of polylactic acid
    According to new data released by the European Bioplastics Association in September 2019, as of September 2019, the annual production capacity of bioplastics was 2.
    114 million tons, of which biodegradable plastics (including PBAT, PBS, PLA, PHA, starch-based degradable plastics and other Biodegradable plastics) accounted for 55.
    5%, which was 1.
    174 million tons.
    According to the forecast data of the European Bioplastics Association, by 2024, the annual production capacity of biodegradable plastics will reach 1.
    334 million tons, with a compound annual growth rate of 2.
    7%.

     

      Considering that from the second half of 2019 to the beginning of 2020, many new countries have promulgated plastic restriction policies, including China.
    China’s plastic production accounts for about 20% and consumption accounts for about 15%.
    The volume is huge, and its biodegradability The plastic demand market will drive the market to accelerate growth.
    It is predicted that in the next five years, the production capacity of biodegradable plastics will exceed the current forecast value of the European Bioplastics Association.
      In the past two years, the types of biodegradable plastics that have grown rapidly in production capacity are PBAT, PLA, and starch-based plastics.
    Among them, PLA is a widely used material with excellent barrier properties.
    High-performance PLA is the * substitute for PS (polystyrene) and PP (polypropylene), and demand will grow rapidly in the future.

     

      3.
    Strong demand, mainly for daily food packaging
     
    3.
    Strong demand, mainly for daily food packaging
      According to research report data released by IHS Markit in 2018, the demand for biodegradable plastics in 2012 was 269,000 tons, and the demand for biodegradable plastics in 2018 was 360,000 tons, corresponding to a market size of 1.
    1 billion U.
    S.
    dollars, with a compound annual growth rate of 5.
    %.
    In 2023, the demand for biodegradable plastics will increase to 550,000 tons, corresponding to a market size of US$1.
    7 billion.
    From 2018 to 2023, the compound annual growth rate of demand for biodegradable plastics will be 9%.

     

      According to the expansion of biodegradable production capacity of major production enterprises and the introduction of major national plastic restriction policies in 2019, the growth in demand for biodegradable plastics in 2019 has exceeded IHS forecasts.

     

      According to a survey by the United Nations Environment Programme (UNEP), at least 67 countries and regions have adopted restrictions on disposable plastic products .
    In 2019, there were more than 15 countries with new plastic restrictions.
    The growth rate of demand for biodegradable plastics in 2019 is conservatively estimated to be around 28%, and the demand is 461,000 tons.
    plastic products
      Note: The growth rate of demand in 2019 was 28%.

     

      The food packaging, tableware and bag markets are the main growth drivers for biodegradable plastics.
    Benefiting from local restrictions on plastic shopping and the production of handbags, the market is expected to achieve double-digit growth in the next few years.

     

      Compost bags are the second largest end application of degradable polymers.
    With the gradual expansion of the composting system, this market segment will continue to maintain strong growth.

     

      The foam packaging market occupies a large share of the biodegradable polymer market in Western Europe and North America, but it is relatively small in other regions.

     

      Biodegradable polymers are also used in agriculture and gardening (covering films), paper coatings, textiles, nonwovens, absorbable medical equipment (implants, sutures), downhole tools for oil and gas field operations, and 3D printing filament etc.
      For the above data and analysis, please refer to the "Market Prospect and Investment Strategic Planning Analysis Report of China's Biodegradable Plastics Industry" by Qianzhan Industry Research Institute.
    At the same time, Qianzhan Industry Research Institute provides industrial big data, industrial planning, industry declaration, industrial park planning, and industrial investment promotion.
    Wait for the solution.

     

      Original title: Market status and development prospect analysis of biodegradable plastics industry in 2020, market demand is strong and exceeds budget growth
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