2024 China degradable Materials Market Research Report

Background: New materials are the foundation of modern science and technology development, and degradable plastics are emerging new plastic materials. As the global demand for improving the environment becomes more and more intense, the use of biodegradable plastics is considered to be the most effective solution to eradicate the "white pollution" of single-use plastics. Focusing on China's two-carbon strategic goal, the total amount of greenhouse gas emissions from biodegradable biodegradable plastics throughout their life cycle is low. In this context, this report takes an in-depth look at the status of the degradable plastics industry.

Status: From the performance point of view, the performance of PLA, PBAT, PHA and other biodegradable plastics is close to that of ordinary plastics, creating conditions for replacing non-degradable plastics; From a technical point of view, the intermediate raw material lactide technology of PLA production is difficult to completely break through, limiting the release of production capacity, while the domestic production process of PBAT is not limited to foreign countries, and the production capacity is rapidly expanded; From the application point of view, degradable plastics are mainly used in catering, medical and agricultural fields. According to iResearch estimates, by 2025, takeout packaging, agricultural film and medical fields will release the demand for degradable plastics 49.48 billion yuan, 7.27 billion yuan and 0.17.2 billion yuan.

In the long run, the development of degradable plastics industry faces uncertainties: first, the cost of degradable plastics is higher than that of traditional plastics, and the sustainability of the market driven by policy is at risk, and the promotion of products ultimately depends on the space for the industry to reduce costs and improve efficiency; Second, there are not many domestic enterprises that master biodegradable plastic technology, and there are still big differences compared with foreign enterprises in the key links, if the follow-up technology cannot be broken through, there is a risk that the production capacity cannot be released on time; Third, the degradation of most degradable plastics is based on the centralized treatment of industrial compost or specific temperature, humidity, fungi and other conditions, and the actual use of degradable plastics can effectively collect and meet the environmental conditions of degradation has yet to be verified.