In the first half of 2017, the cumulative output of China's plastic products was 45.3 million tons.

China's plastic products output and growth rate from 2016 to 2017

At present, China's plastic products industry is in a critical period of transition to industrial maturity and to the mid-to-high end of the industry. It has changed from high-speed growth to medium-speed and steady growth. Forward-looking industrial research institute “Plastic products industry production and sales demand and investment forecast analysis report” data It shows that in 2016, China's plastic products manufacturing market revenue reached 3.24 trillion yuan, accounting for 4.35% of China's GDP. As the plastics industry matures and the precision of plastic products increases, it is expected that the revenue of China's plastic products manufacturing market will reach 3.38 trillion yuan in 2017, accounting for 4.26% of China's GDP.

China's plastic products manufacturing market revenue scale forecast

From the perspective of demand, there is still a huge room for growth in the market demand for domestic plastic products. China's per capita plastic consumption is still far from the developed countries in the world. The ratio of plastics to steel is a measure of the development level of a country's plastics industry. China is only 30:70, less than the world average of 50:50, far less developed. Countries such as the United States 70:30 and Germany's 63:37. In the future, with the technological advancement and consumption upgrade of China's modified plastics, the market demand for plastic products is expected to maintain a growth rate of more than 10%. With the gradual transformation and upgrading of the industrial structure, the proportion of high-end products has gradually increased, the functions of basic supporting services have been continuously improved, the output of plastic products has continued to grow, the market space is still large, and the output value can maintain a high growth rate, which is the basis for meeting the general needs of society. Under the circumstance of steady growth in the application field, the high-end application field is gradually strengthening. It can be seen that the plastic products industry is still in the stage of rising development, and the transformation and upgrading is steadily advancing. In addition, new molding technologies such as super-shear plasticization, power ultrasonic plasticization, and micro-lamination technology are applied to the plastic processing process, which not only improves the processing technology level, but also effectively reduces the energy consumption in the production process. In the future, as the market demand continues to expand, new materials and technologies in the plastics industry will be further promoted and applied.