China Plastics Market to Reach USD 98.49 Bn by 2029, emerging at a CAGR of 3.73 percent and forecast 2022-2029

China Plastics Market Report Scope:

China's recent endeavors to combat single-use plastics are poised to have profound implications on the worldwide plastic supply and demand. The nation, home to 1.4 billion people, is leading the way in banning single-use plastics with no societal value while simultaneously fostering a state-of-the-art recycling industry that rivals the best in the world. The impact on raw polymers demand and the quantity of that demand met through recycling is expected to be significant. China is not only the largest consumer of plastics by volume in the world, but it also witnesses the most substantial growth in demand. As a major global importer of plastics, particularly for polyethylene, roughly half of this demand lies in single-use plastics.

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China Plastics Market Research Methodology:

The report employs a rigorous research methodology to examine China's progress in this critical sector, analyzing the drivers, restraints, and the transformative trends in the plastic industry.

What are China Plastics Market Dynamics:

China's recent actions demonstrate its commitment to proactively address plastic waste issues. The bans on single-use plastics, which were introduced after restrictions on plastic imports in 2021 and 2022, signify the country's resolve to tackle domestic plastic waste problems, contributing to the preservation of potable water sources. This move is expected to have a far-reaching impact on the plastics industry globally, given China's central role as a plastics market leader. In parallel, China aims to revamp its plastics recycling industry to reduce its reliance on imported raw materials and add economic value. The existing domestic recycling industry is, for the most part, inefficient and disorganized.

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What is China Plastics Market Segmentation:

by Product

• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl chloride (PVC)
• Polyethylene terephthalate (PET)
• . Others

by Application

• Injection Molding
• Casting
• Thermoforming
• Extrusion
• Others

by End-use

• Packaging
• Construction
• Electrical & Electronics
• Automotive
• Medical Devices
• Agriculture
• Consumer Goods
• Others

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Who are China Plastics Market Key Players:

• Huizhou Djmolding Co., Ltd
• Shin Fang Plastic Industrial Co., Ltd.
• Tekfun Co., Ltd.
• LONG DURABLE MACHINERY CO., LTD.
• Shang Ta Chia Industrial Co., Ltd.
• Chief Ling Enterprise Co., Ltd.
• Tay Young Industrial Co., Ltd.
• Ceradex Corporation

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Table of content for the China Plastics Market includes:

China Plastics Market : Research Methodology
China Plastics Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

3. China Plastics Market : Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

4.Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

China Plastics Market Regional Insights:

China has unveiled a determined plan to reduce the use of single-use plastics across the nation. Non-biodegradable plastic bags are set to be banned in major cities like Beijing and Shanghai by 2021, and in all cities and towns by 2023. Some exceptions will be made for marketplaces selling fresh goods. The catering and restaurant industry will be required to reduce single-use plastics by 30%, including a ban on plastic utensils and non-biodegradable straws by 2021. Within five years, the hotel industry must cease offering single-use plastic items, and the postal service must discontinue the use of plastic packaging. The crackdown on plastic usage and production in China includes a clear timeline for phasing out various products by the mid-2020s, starting in major cities and expanding to all cities, towns, and rural areas.

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Key Offerings:

Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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