The potential of China’s waste plastics market is still huge!

The date of the total ban on imports of plastic solid waste in China is getting closer and closer, and everyone seems to have some doubts. Will the plastic recycling be dying? The answer should be no.

According to the survey, China's production of plastic products in 2015 totalled 75.509 million tons, and in 2016 it was 77.171 million tons, showing an upward trend. However, the imported waste plastics were 8.25 million tons in 2014, and 7.35 million tons in 2015 and 2016, of which PE and PET accounted for the largest proportion, both being 34.5%. Therefore, the conversion of imported waste plastics into raw materials accounts for less than 10% of the raw materials required for plastic products, which is not too large.

China's annual production of plastic waste is close to 30 million tons, but the recovery rate is less than 10%, most of which are landfilled and burned. It wastes resources and pollutes the environment. In terms of recycling and recycling of used plastics, China is still in its infancy, and recycling still has a long way to go, but the potential is huge.

Waste Plastic Cup

There are three main points for analyzing the reasons for this situation:

First, China's waste plastics recycling industry is jointly managed by the Ministry of Environmental Protection, the National Development and Reform Commission, the Ministry of Commerce, and the General Administration of Customs. Because the higher authorities are not clear, it lacks industry guidance and technical specifications. There is no clear recycling system for plastic recycling, and it is more difficult for enterprises to recycle.

Second, China has no comprehensive plan for the recycling of waste plastics at the macro level. Lack of specific policy support, lack of waste plastics sorting technology, lack of recognition and encouragement for the procurement of waste plastics enterprises. These reasons have led to the low level of plutonium in China's waste plastics recycling industry.

Third, China's plastic recycling is mainly based on physical recycling, and there is a big gap between international physical regeneration, energy recovery, chemical reduction and use as a solid fuel. The vast majority of waste plastics are recycled in the process of processing, and the technical content and added value of the products are low.

With the continuous strengthening of national environmental protection, the popularization of national environmental awareness, and the continuous investment in waste plastics processing technology, China's plastics recycling industry will usher in a larger market in the future, let us wait and see.

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