Data shows that the main business revenue of Chinese plastic products enterprises above designated size increased from 1558.374 billion yuan in 2011 to 1907.748 billion yuan in 2023, with an annual compound growth rate of 2.6%. Below is an analysis of the development trend of the plastic industry.

Analysis of Development Trends in the Plastic Industry

The analysis of the plastic industry indicates that with the accelerating development trends of various terminal industrial products such as lightweighting, customization, intelligence, and environmental protection, the application scope of plastic products will also continue to expand, and the performance and quality requirements for products will also be rapidly improved. The transformation and upgrading of the plastic product industry will continue to accelerate.

The data shows that in 2023, the revenue of the rubber and plastic products industry accounted for 2.4% of the national industrial enterprise revenue, ranking 14th, higher than the national basic and major industries such as coal mining and washing, pharmaceutical manufacturing, etc. The production of plastic products in China increased from 54.744 million tons in 2021 to 81.842 million tons in 2023, with a compound annual growth rate of 5.2%.

At present, China's plastic products industry has developed into a complete industry chain, forming a complete industrial system from raw material procurement, product manufacturing, and market sales. The overall scale of the plastic products industry is relatively large, with an annual output value of about 10 billion yuan.

And after years of product research and development, the variety of plastic products is relatively complete, and plastic products have been comprehensively applied in multiple fields, effectively meeting market demand and increasing the market share of plastic products. Some special plastics have also gained high recognition in the market, playing an important role in enriching the material market and increasing the supply of plastic product categories.

At present, domestic plastic product enterprises are facing fierce market competition. In addition to competition from foreign-funded enterprises, competition among domestic enterprises is also quite fierce. With the rapid development of the domestic plastic product industry, domestic plastic product enterprises have made significant improvements in production technology and product characteristics, and have achieved positive results in production cost control, enabling domestic plastic product enterprises to achieve a significant increase in market share, meet the development needs of plastic product enterprises, and provide strong support for plastic product enterprises.

From the current development of China's plastic products industry, with the increasing environmental requirements, the plastic products industry is moving from traditional plastic products to new materials. At the same time, new production processes are gradually replacing traditional production processes, making the product performance and environmental characteristics of plastic products more prominent.

Based on the importance of the plastic product industry, a careful analysis of the current market situation of the plastic product industry and grasping future development trends plays an important role in improving the quality of development of the plastic product industry and enhancing the efficiency of plastic product enterprises. The above is all the content of the development trend analysis of the plastic industry.