Traditional low-end demand continues to shrink. Affected by the deepening of plastic bans and restrictions, the market size of single-use non-degradable plastic packaging and ordinary PE/PP traditional packaging is expected to shrink by 10%-15%. Some traditional plastic companies have experienced a significant decline in revenue and are accelerating their transformation efforts.
High-end industrial demand is growing rapidly. Driven by the trend of automotive lightweighting, the annual growth rate of modified plastic demand remains stable at around 8%. The 5G and semiconductor industries are driving a surge in demand for specialty engineering plastics such as LCP. The overall domestic engineering plastics market size is expected to reach 196.08 billion yuan in 2026, a year-on-year increase of 10.39%. The market size of medical polymer materials in the medical field has exceeded 150 billion yuan, and demand for plastic components related to artificial organs and high-end medical devices continues to rise.
Green and environmentally friendly demand has become a new growth engine. The market size of biodegradable plastics has exceeded 50 billion yuan, and the market penetration rate is expected to jump from 15% in 2023 to over 30% by 2025, with accelerated adoption in scenarios such as express packaging and agricultural films. Recycled plastics production capacity has reached 20 million tons/year, and market demand for food-grade rPET and other recycled materials is rapidly increasing.
Daily consumer demand is undergoing a comprehensive upgrade. With residents' growing awareness of health and aesthetics, the market size of household daily-use plastic products has exceeded 380 billion yuan by 2025. Demand is upgrading from basic "usability" to safety, aesthetics, and personalized customization, with the proportion of orders for high-value-added customized plastic daily necessities continuing to rise.
