How is the output trend of plastic products?

In recent years, the plastic products industry has maintained steady growth, but there has been a significant decline in 2018.

This is also related to the introduction of domestic industry policies. For example, strict environmental inspections have been implemented since 2017. Small downstream factories and non-compliant enterprises have been banned and shut down. In addition, the government has restricted the use of plastic products. It has also restricted the increase in the output of plastic products, especially in 2018.

Data show that the output of plastic products in 2019 was 81.842 million tons, an increase of 3.9% year-on-year. In the first five months of 2020, the output of plastic products was 27.554 million tons, down 4.2% year-on-year. Affected by the policy of bans and restrictions on plastics, it is expected that the output in 2020 will see a "cliff-like" decline.

Jiangsu Hongmei Color Masterbatch Co., Ltd. was established in 2003. After more than ten years of steady development, the company is currently one of the largest polyolefin masterbatch manufacturers in East China, and its business scale ranks among the top domestic counterparts. The company's products are mainly composed of three major systems: plastic masterbatch, functional masterbatch, and modified materials.