From February 28 to March 2, the fifth resumed Session of the United Nations Environment Assembly (the first session will be held in February 2021) was held in Nairobi, Kenya. As the world’s highest-level decision-making mechanism on environmental issues, the Conference focused on topics such as plastic pollution, green recycling and chemical waste management.
The conference discussed the first global agreement to tackle the plastic crisis and adopted a legally binding draft resolution to End plastic Pollution.
The resolution calls for the establishment of an intergovernmental negotiating committee to reach an internationally legally binding agreement by 2024 covering the entire life cycle of plastic production, design, recycling and treatment.
The historic launch of the United Nations General Assembly “global limit plastic order”, will undoubtedly accelerate the technical iteration of the material market, to do the research and development of plastic products manufacturing companies, is worth looking forward to good, broad market outline will be described more and more clearly.
Hua ‘an Securities predicts that by 2025, the demand for degradable plastics in China will reach 2.38 million tons, with a market size of 47.7 billion yuan. By 2030, the demand for degradable plastics in China is expected to reach 4.28 million tons, with a market size of 85.5 billion yuan.
Hua ‘an Securities research report said that in January 2020, China issued the first “plastic ban”, and then the provinces and cities have developed plastic ban policy. According to the implementation schedule and intensity of the plastic ban policy in various provinces and cities, as well as the development process of degradable plastics overseas, it is estimated that by 2025, the domestic demand for degradable plastics will reach 2.38 million tons, and the market size will reach 47.7 billion yuan. By 2030, the domestic demand for degradable plastics is expected to reach 4.28 million tons, and the market size is expected to reach 85.5 billion yuan, with huge market space for degradable plastics.
A number of brokerage research reports said that packaging film, disposable plastic bags, disposable tableware and agricultural mulch, will become the key application areas of degradable plastics, and will hold up a potential demand space of 10 million tons.
The upstream of the biodegradable plastics industry chain is the production of raw materials. According to the classification of raw materials, raw materials can be roughly divided into bio-based plastics and petroleum based plastics.
Among them, the basic raw materials of bio-based plastics (such as starch-based plastics, PLA, PHA, etc.) are renewable natural biomass resources, such as starch (such as corn, potato, etc.), plant straw, chitin, etc., while petroleum-based plastics (such as PBAT, PCL, PBS, PGA, etc.) are formed by petrochemical products as monomers.
Post time: Mar-25-2022