Current Status of my country's Biodegradable Plastics Market

Plastic products have brought great convenience to people's lives, but after a large number of plastic products are used and discarded, environmental problems caused by improper disposal have become a hot spot of global concern. At present, there are 120 million tons of disposable plastic products in the world every year, only 10% is recycled, another 12% is incinerated, and more than 70% is discarded into the soil, air and ocean.

Biodegradable plastic refers to a type of plastic that has various properties that meet the requirements for use during the storage period, and can be degraded into environmentally sound substances under natural environmental conditions after use. It is considered to be one of the effective ways to solve the problem of plastic pollution. , Has attracted everyone's attention in recent years.

The problem of non-degradable plastic pollution has attracted global attention, and countries around the world have introduced relevant policies to control it. Since 2020, the National Development and Reform Commission, the Ministry of Ecology and Environment and other ministries and commissions have successively issued multiple policy documents such as "Opinions on Further Strengthening the Control of Plastic Pollution" and "Notice on Promoting the Control of Plastic Pollution". The prohibition or restriction of single-use non-degradable plastics sets a clear timetable.

It is required that “from 2020 to the end of 2025, the use of non-degradable plastic bags will be gradually stopped nationwide, the consumption intensity of non-degradable disposable plastic tableware in the food and beverage delivery areas of cities above the prefecture level will be reduced by 30%, and plastic pollution will be effectively controlled nationwide by 2025. Local people's governments at all levels are required to formulate specific implementation measures and implement detailed policies and measures based on local conditions.

Driven by the strong policy, the market demand for degradable plastics may see greater growth in the future. In particular, industries such as express packaging and takeaways, hotels, etc. have a strong demand for disposable degradable plastic products, and biodegradable plastics usher in new development opportunities.