Under the ban on plastics, the demand for degradable materials has grown rapidly, and the industrialization process is expected to accelerate!

Under the ban on plastics, the demand for degradable materials has grown rapidly, and the industrialization process is expected to accelerate!

According to the IEA, more than 60 countries have imposed bans or taxes on single-use plastics in the past five years

1) The "plastic restriction order" has been upgraded to a "plastic ban order", and the policy has become stricter to reduce the use of single-use plastics

In 2020, the state's "Opinions on Further Strengthening the Control of Plastic Pollution" and "Notice on Solidly Promoting the Control of Plastic Pollution" proposed that non-degradable plastic shopping bags cannot be used nationwide from January 1, 2021, and the use of non-degradable plastic shopping bags nationwide is prohibited in the catering industry.

Degradable plastics have become the first choice to replace disposable plastics due to their environmental protection and high user experience.

Essence Securities: Under the plastic ban, the demand for degradable materials is growing rapidly, and the industrialization process is expected to accelerate

2) Degradable plastics can effectively replace disposable plastics, and the market demand is broad

By estimating the substitution level of degradable plastics for single-use plastics in express packaging, disposable tableware, shopping plastic bags, and agricultural films, it is estimated that by 2025, the market demand for degradable plastics in China is expected to reach 2.

3) PLA and PBAT/PBS are the basic varieties for the priority layout of production capacity

PBAT and PLC are the most direct and convenient alternatives to degradable materials.

The threshold for the expansion of PBAT/PBS is that the new production capacity of the raw material BDO is subject to the shortage of calcium carbide; the technical barrier of PLA lies in the purification of the intermediate product lactide.