The types of biodegradable plastic products in my country are becoming increasingly abundant, and the market size is gradually growing.

Biodegradable plastics, also known as biodegradable plastics, are a type of degradable plastics that are degraded in nature or under specific conditions by the action of microorganisms such as molds, bacteria, and algae, and are eventually decomposed into water, methane, carbon dioxide, minerals, etc. Plastics made from biomass such as inorganic salts have the advantages of being green, environmentally friendly, and cost-effective. Biodegradable plastics are widely used in packaging, catering, medical, injection molding, fiber, agriculture and other fields.

After years of development, my country’s biodegradable plastic products have become increasingly rich in types, with multiple classification methods. According to different biodegradation processes, biodegradable plastics can be divided into destructive biodegradable plastics, complete biodegradable plastics, etc.; according to different raw materials, biodegradable plastics can be roughly divided into petroleum-based biodegradable plastics, bio-based biodegradable plastics, etc. . Among them, petroleum-based biodegradable plastics are mainly composed of polycaprolactone (PCL), polybutylene succinate (PBS) and other raw materials, and bio-based degradable plastics are composed of polyhydroxyalkanoate (PHA), polylactic acid (PLA) and other materials.

At present, my country has gradually formed a complete biodegradable plastics industry chain. The upstream of the industrial chain is the raw material industry, which mainly supplies lactic acid, starch, PBS, PHA, terephthalic acid and other raw materials; the midstream is the production industry of biodegradable plastics, which is mainly responsible for various production links of biodegradable plastics; the downstream is mainly oriented to application fields , are mostly used to make medical equipment, agricultural mulch films, tableware and other products, and are ultimately used in express packaging, medical care, automobiles, agriculture and other fields.

According to the “Biodegradable Plastics Industry Market In-depth Research and Investment Prospects Forecast Analysis Report 2023-2028” released by the Industrial Research Center , In recent years, my country’s plastic application scenarios have gradually expanded and consumption has continued to grow. However, traditional plastics take a long time to naturally degrade and easily form harmful substances after decomposition, resulting in increasingly serious environmental pollution problems. As the environmental awareness of Chinese residents gradually increases, and relevant policies such as the “Plastic Restriction Order” continue to be introduced, biodegradable plastics have gradually become a substitute for traditional plastics, demand continues to grow, and the market size is gradually expanding. In 2022, my country’s biodegradable plastic market size will be 16.349 billion yuan.

Industry analysts said that there are many companies in my country’s biodegradable plastics market, among which there are a large number of small and medium-sized companies. The production capacity is small and the products are highly homogeneous. At this stage, my country’s largest biodegradable plastics companies mainly include Jindan Technology, Lairun New Materials, Huafeng New Materials, Hisun Biomaterials, Xinjiang Lanshan Tunhe, Ruifeng Polymer, Beijing Chemical Industry Group, etc. Due to their high production capacity, stable product quality, and high market share, Jindan Technology, Lairun New Materials, and Huafeng New Materials have become leading companies in the industry. As my country’s top biodegradable plastic companies continue to expand, the living space of small and medium-sized enterprises is gradually shrinking, and they may be absorbed or disappear in the future.