1、 Industry Overview
Plastic packaging refers to the use of plastic packaging, which can be selected from hard plastic packaging materials or soft plastic packaging materials according to different forms of items, such as plastic bottles for beverages, food packaging boxes or bags, and finished food packaging bags. Due to its advantages of convenient circulation, protecting goods, and increasing product added value, plastic packaging is currently widely used in fields such as chemical, food, and medicine, making it the second highest proportion of packaging materials, second only to paper packaging.
2、 Industry chain
According to the "Research on the Development Trends and Investment Prospects of China's Plastic Packaging Industry (2023-2030)" released by Guanyan Report Network, the plastic packaging industry chain in China is currently relatively mature. Its upstream is the provision of general plastics and plastic additives for raw materials, as well as specialized equipment for plastic processing; The midstream involves the manufacturing of plastic packaging, including plastic products such as barrels, bottles, and caps, as well as the manufacturing of amorphous products such as plastic hoses and bags; Downstream are application fields such as beverage manufacturing, food manufacturing, pharmaceutical manufacturing, daily chemical product manufacturing, and edible oil manufacturing.
1. Upstream market
(1) Polyethylene
Polyethylene, abbreviated as PE, is a thermoplastic resin obtained by polymerization of ethylene. It belongs to polyolefin plastics and has low density, good chemical stability, and certain physical properties and mechanical strength, with a wide range of applications.
Since 2018, China's polyethylene production capacity has grown rapidly, with an average annual compound growth rate of 15%. Data shows that as of the end of 2021, the nominal production capacity of polyethylene in China has exceeded 26.61 million tons. In 2021, China's polyethylene production capacity was approximately 25746300 tons, a year-on-year increase of 12.7%.
(2) Synthetic resin
Synthetic resin refers to a solid, semi solid, or pseudo (quasi) solid polymer formed by the polymerization reaction of low molecular weight raw materials in an artificial environment. It is an important basic raw material for manufacturing plastics, composite materials, coatings, adhesives, and other products.
The development of China's synthetic resin industry started in the 1950s. After experiencing slow development from the 1960s to the 1970s and rapid growth from the 1980s to the end of the century, since the 21st century, China's synthetic resin industry has further adjusted, improved, and improved, forming a complete industrial system including formula modification, resin synthesis, auxiliary equipment, and processing applications. At present, China is the world's largest producer of synthetic resins. Data shows that in 2021, China's synthetic resin production reached 110.391 million tons, a year-on-year increase of 6.60%.
(3) Primary form plastic
As an important basic material, plastic has been widely used in all aspects of economic and social production and life, forming three indispensable synthetic materials in daily life with synthetic rubber and Synthetic fiber. At present, China is a major producer of plastic products. Data shows that the production of plastic products in China fluctuated slightly from 2018 to 2021. In 2021, the national production of plastic products was 80.04 million tons, a year-on-year increase of 5.72%.
In the future, plastic products will develop towards greenery. In recent years, the Chinese government has formulated a series of industrial policies to support and promote the plastic product industry towards high-performance