The average growth rate over the past 5 years is around 6.6%, and the biodegradable production continues to increase

Starting from 2021, the global ban on plastic has sparked a trend of "biodegradable" materials. China is also shifting from "plastic restrictions" to a ban on plastic. With more and more policies gradually becoming clear, the biodegradable plastic industry has also undergone significant changes.
 
Plastic demand
 
The "Plastic Ban Order" has been issued, requiring the formation of a batch of replicable and promotable plastic reduction and green logistics models in areas with prominent plastic pollution problems and emerging fields such as e-commerce, express delivery, and food delivery by 2022. By 2025, a diversified governance system will be basically formed, and the level of alternative product development and application will be further improved.
 
The plastic ban this time covers a wide range of regions and includes a wide range of plastic products such as plastic bags, plastic tableware, express packaging, plastic films, etc.
 
The industries that include these products will undergo changes, and at the source, the demand for biodegradable plastics will gradually increase. According to relevant estimates, in the next five years, the demand for biodegradable plastics in the fields of food delivery, express delivery, and agricultural film alone will reach 1.545 million tons, an increase of more than 30 times compared to the current demand.
 
Demand drives the emergence of substitutes
 
At present, in supermarkets, shopping malls and other places, we almost no longer see non biodegradable plastic bags, and gradually there is a daily demand for biodegradable plastic bags. Plastic bags are also a separate batch in the "ban on plastic", which is not a prohibition or restriction on their use, but a clear indication that production and sales are prohibited.
 
Non degradable plastics will gradually exit the stage of the times, and some commonly used fields will have to choose biodegradable plastics, which has also led to the demand for biodegradable plastic bags as substitutes.
 
Biodegradable market
 
In the biodegradable industry, new changes are taking place. The traditional plastic industry is transforming into a biodegradable industry, and new companies are also joining in. According to previous reports, many listed companies are expanding their production capacity for biodegradable materials.
 
From the perspective of production capacity, according to the data released by relevant industries recently, although the domestic plastic production has shown a trend of decreasing growth rate, the overall growth rate is significantly higher than the global average, with an average growth rate of around 6.6% in the past five years, nearly twice the global growth rate.
 
The biodegradable industry has started its development button since the official implementation of the plastic ban. The increasing demand is a fact, and the increasing production is also a fact. According to relevant data, it is expected to achieve a market of 50 billion by 2020.
 
With many leading enterprises taking the lead, the plastic industry may usher in a low-carbon trend. The popularization of plastic prohibition and the formation of green, low-carbon and environmentally friendly measures will all be transformed into the development direction of related industries.