Current situation of domestic development
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Scale of Biodegradable Plastics
In 2012, the global demand for biodegradable plastics was 269,000 tons, and in 2018, the global demand for biodegradable plastics 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 global demand for biodegradable plastics will grow to 550,000 tons, corresponding to a market size of 1.7 billion U.S. dollars, and from 2018 to 2023, the demand for biodegradable plastics will grow at a compound annual growth rate of 9%. compound growth rate of 9%.
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The gap between domestic and foreign biodegradable plastic industry.
With the comprehensive implementation of domestic plastic ban and restriction, the domestic biodegradable plastic industry is developing rapidly, but there is still a big gap between China’s biodegradable plastic industry and foreign countries. The late start of domestic PLA industry has led to the incomplete PLA industry chain in China, and many key links are restricted by others. The PLA industry in China needs more efforts to reach the international advanced level.
