Chinas Biodegradable Plastics Market Research and Investment Prospect Report by Radiant Insights
China's research and application of biodegradable plastics began in 1980s with the attempt to promote the industrialization of this product in China. Now, the premise is getting mature to promote the biodegradable plastics in a national scope. The consumption of plastics bags in China per year generally reaches 100 billion, equal to 5 million tons of petrochemical resin raw materials.
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The lack of scientific classified garbage collection and recycling system is a major reason to hinder the promotion of biodegradable plastics in China's market, and the production cost of biodegradable plastics is much higher than traditional polyolefin plastics, so the competitive advantage of biodegradable plastics is not so obvious in the short run. Therefore, the policy support from the government will play a vital role in the future development of the industry.
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