Epoxy curing agent News The recycled plastics industry has low concentration and national policies are the main driving force for industry development.

The recycled plastics industry has low concentration and national policies are the main driving force for industry development.

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The recycled plastics industry has low concentration and national policies are the main driving force for industry development

Recycled plastics refer to plastic raw materials obtained by processing waste plastics through physical or chemical methods such as pretreatment, melt granulation, modification, etc. It is the reuse of plastics to achieve the purpose of energy conservation and environmental protection. According to different plastic categories, recycled plastics are divided into recycled PP, recycled PET, recycled PC, recycled ABS, recycled PA/PA66, recycled PVC, etc.
In recent years, in order to promote the rational utilization of waste plastics, my country has introduced a series of relevant policies to promote the recycling of waste plastics. For example, in 2020, the National Development and Reform Commission and the Ministry of Ecology and Environment jointly issued the “Opinions on Further Strengthening Plastic Pollution Control”, which put forward specific development suggestions from the recycling, removal and utilization of plastic waste, and proposed that by 2022 The development goals of my country’s waste plastics in 2025 and 2025. In 2021, the “14th Five-Year Plan for Circular Economy Development” proposed to strengthen the classification, recycling and recycling of plastic waste, accelerate the construction of domestic waste incineration treatment facilities, and reduce the amount of plastic waste landfilled. The support of national policies has become the main driving force for the development of the recycled plastics industry.
The downstream sectors of the recycled plastics industry are mainly film, textile, injection molding, pipe/profile and other industries. Among them, film and injection molding are the main demand areas of the recycled plastics industry. From 2019 to 2022, driven by the continued development of downstream industries, the domestic recycled plastics market demand continues to increase. Stimulated by demand, the output of the recycled plastics industry continues to grow. According to the “In-depth Market Research and Development Prospects Report on China’s Recycled Plastics Industry 2023-2028” released by the Industrial Research Center, in 2022, The output of China’s recycled plastics industry was 18.65 million tons, with a growth rate of 13.5%.
China is a major producer and consumer of plastics and plastic products. It produces a large amount of waste plastics. Driven by strategies such as “turning waste into treasure” and “green environmental protection”, the recycling prospects of plastics are broad, which has given rise to numerous recycled plastics. manufacturer. At present, many companies in my country have mastered recycled plastic production technology and have industrialized production capabilities. The market is fragmented and the industry concentration is low. Even leading companies in the industry such as Kingfa Technology Co., Ltd., Longfu Huaneng Technology Co., Ltd., Anhui Huaneng Technology Co., Ltd. Guanhong Plastic Industry Co., Ltd., Henan Jiajing Renewable Resources Co., Ltd., Shandong Yingke Environmental Recycling Resources Co., Ltd., etc., their market shares are not high.
Industry analysts said that in the future, with the development of the downstream industry, its product structure will continue to upgrade, and the market demand for mid-to-high-end products will With continued growth, coupled with the implementation of relevant national policies such as “replacing wood with plastic”, the market demand for recycled plastics will maintain a good growth trend, driving further increase in its market capacity. It is estimated that China’s recycled plastics market size may reach 171.517 billion yuan in 2027, and there is still room for further improvement in the market saturation of the recycled plastics industry.
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