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The demand for biodegradable plastics in the global packaging market will reach 9.45 million tons in 2023

February 09, 2024
[ Jiuzhi Plastics News] The beverage and food packaging materials industry is one of the most obvious energy and resource waste industries. The annual production demand for packaging materials is 67 million tons. The energy consumption resources are not mentioned. Most of the packaging materials are ecological. The environment poses a serious threat. In order to better protect the environment, degradable plastics came into being. Due to the interests of enterprises and other issues, the popularity of degradable plastics is not smooth. China's current degradable plastics are still in the stage of publicity and promotion, and the degree of marketization is not high.
Degradable plastics have no profit
Degradable plastic refers to a plastic that is added to a certain amount of additives (such as starch, modified starch or other cellulose, photosensitizer, biodegradation agent, etc.) in the production process, which has reduced stability and is more easily degraded in the natural environment. The market price of degradable plastics is 2-3 times that of ordinary plastic products. If sold successfully, the profit level is 10%, while the average plastic profit level is 1%-3%. Although the profit level is relatively high, the degradable plastics currently have large sales resistance. The first is higher cost, the capital occupation is larger, and the downstream enterprises have poorer acceptance ability. The second is that the degradable plastic has a certain shelf life, if the enterprise The sales are not smooth, and the risk of loss of the company is large.
At present, degradable plastics are still in the stage of publicity and promotion, and the degree of marketization is not high. In industries mandated by the state, such as disposable plastic cups, lunch boxes, cutlery and other daily-use plastic products in the catering industry, the proportion of degradable plastics used is relatively high, while in industrial and agricultural, the use of degradable plastics is low. .

Multi-factors boost the development of degradable plastic packaging products
In the long run, domestic environmental awareness has increased, and the use of degradable plastics has expanded; foreign demand for environmentally friendly materials has increased, and exports of degradable plastics have increased; domestic production processes for biodegradable plastics have become increasingly mature, and costs have gradually decreased to downstream. range. With the maturity of various conditions, degradable plastics still have broad development prospects.
It is reported that developed countries and regions such as Europe, the United States and Japan have successively formulated and promulgated relevant laws and regulations, restricting the use of non-degradable plastics through measures such as partial ban, restriction, compulsory collection and collection of pollution taxes, and vigorously develop new biodegradable materials. Protect the environment and protect the soil. Among them, France issued a policy in 2005: all disposable plastic bags must be biodegradable after 2010. Now Cameroon has also joined this camp, showing that non-environmentally friendly packaging materials will continue to hit the wall in the future development market. Correspondingly, environmentally friendly packaging materials will usher in a golden period of development. According to industry estimates, the global packaging market demand for biodegradable plastics will reach 9.45 million tons in 2023, with an average compound annual growth rate of 33%. The market for degradable plastic packaging is huge, and the demand for food packaging accounts for more than 70% of the market for degradable plastic packaging. The significance is self-evident.
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October 14, 2022

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Author:

Mr. Tom Chen

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+8613662258732

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October 14, 2022

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