The recycled plastics industry has entered the stage of survival of the fittest, and market competition has shifted to the mid-to-high-end field.

Recycled plastics refer to plastic raw materials obtained by processing waste plastics through physical or chemical methods such as pretreatment, melt granulation, modification, etc. Recycled plastics are the reuse of plastics. Developing the recycled plastics industry can not only save energy consumption, but also solve the problem of plastic pollution. Recycled plastics are as widely used as plastics, and their downstream applications involve textiles, packaging, construction materials, automobiles, medical care, electronics and other fields.

According to the “2022-2027 China Recycled Plastics Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, recycling Plastics come from a wide range of sources, including polyester bottles, films, foams, fibers, hose packaging, etc. In recent years, as global environmental protection regulations have become stricter, the recycling economy has developed rapidly, and the size of the recycled plastics market has grown accordingly, exceeding US$28 billion in 2021. . Recycled plastics have abundant sources, wide range of applications, and huge potential for future development. It is expected that the global recycled plastics market will grow to US$44 billion in 2026.

my country is the world’s largest producer and consumer of plastics and has abundant domestic recycled plastic resources, among which polyethylene and polypropylene are the two most important recycled plastics. There are a large number of companies engaged in recycled plastics-related businesses in my country. As of the end of 2021, the number of registered companies related to recycled plastics has exceeded 42,000. But overall, domestic recycled plastics companies are mostly small and medium-sized enterprises, and the technical level in the industry is relatively low.

The leading stocks in my country’s recycled plastics industry include Kingfa Technology, Yingke Recycling, Sanlian Hongpu, Guoli Technology, etc. In the past two years, with the strengthening of scientific governance concepts and the deepening of supply-side structural reform, the threshold of the recycled plastics industry has increased. Large enterprises have occupied more market shares by virtue of their resources, technology, scale and other advantages, while the operating pressure of backward enterprises has increased and Gradually withdrawing from the market, the recycled plastic industry has entered a stage of survival of the fittest.

At present, my country has formed a certain scale of recycled plastics industry clusters. From the perspective of enterprise distribution, recycled plastics enterprises are mainly distributed in the southeastern coastal areas, central China, etc. In terms of provinces and cities, Jiangsu, Shandong, Guangdong, Anhui, and Zhejiang recycled plastics The number of enterprises ranks among the top five. From the perspective of development trends, with the acceleration of survival of the fittest and the in-depth application of high and new technologies, the recycled plastics industry is developing in the direction of concentration, scale, high technology, multiple varieties, and high quality.

Industry analysts said that my country’s plastics production and consumption scale is huge, and recycled plastic resources are abundant. In the strategy of carbon neutrality and carbon peaking, Against this background, the recycled plastics market has broad room for development. The development of the recycled plastics industry is supported by policies. With the improvement of the recycling system and the layout of large-scale enterprises, the entry threshold for the recycled plastics industry has gradually increased. At the same time, market competition will gradually shift to the mid-to-high-end field.