According to the survey, China uses 1 billion plastic bags every day to buy food, and the consumption of other plastic bags is more than 2 billion every day. It is equivalent to every Chinese person uses at least 2 plastic bags every day. Before 2008, China used about 3 billion plastic bags every day. After plastic restriction, supermarkets and shopping malls reduced the use of plastic bags by 2/3 through charging and other methods.
The annual output of plastics in China is 30 million tons, and the consumption is more than 6 million tons. If plastic bags are calculated based on 15% of the annual plastic waste volume, the world’s annual plastic waste volume is 15 million tons. China’s annual plastic waste volume is more than 1 million tons, and the proportion of waste plastic in the garbage accounts for 40%. The waste plastics are buried underground as garbage, which undoubtedly puts more pressure on the arable land that is already lacking.
The whole world is facing the same problem. Therefore, the market prospect of biodegradable plastic bag products is not limited to the domestic market. The market is so broad that it covers almost every corner of the earth. From the overall trend, biodegradable plastic bags have gradually become a development trend. The increase in the price of plastic bags will encourage some people to use cloth bags for shopping. From this perspective, it is beneficial to the protection of the environment.
Biodegradable plastic bags will quickly occupy the market in the next 3-5 years and become a substitute for ordinary plastic products. According to industry insiders, the global packaging market’s demand for degradable plastics will reach 9.45 million tons in 2023, with an average annual compound growth rate of 33%. It can be said that the degradable plastic packaging market has great potential for development.
Post time: Jan-07-2022
