Another 100 Billion Market, My Country's Waste Plastic Recycling Volume Ranks First Ln The World

As an indispensable material in our lives, plastics cover all aspects of our lives, but due to their non-degradable nature, they contribute to environmental pollution. Therefore, for many years, countries have been trying to find relatively environmentally friendly ways to use them to consider "living in harmony with them"

China's waste plastics recycling network covers a wide area and is large in scale, and the amount of waste plastics recycling is gradually increasing. After calculation, in 2019 alone, the revenue from recycling is around 100 billion yuan.

Who would have thought that there is such a huge market behind a small beverage bottle that we see in our daily lives?

We used PET (recycled plastic material for beverage bottles) for our analysis. in 2020, our country will account for about one-third of the total recycled plastic, and the amount recycled will be as high as 4.4 million tons.

As the most widely used and demanded plastic in the market, although it cannot be reused for food packaging after recycling, this does not prevent waste PET from being recycled and used for packaging pesticides, oils, utensils, models and other areas. Even under the right circumstances and processes, it can be made into polyester fibers and clothing materials, as well as into coating materials by adding raw materials such as alcohol and phenol.

Especially in the context of technological innovation, many companies around the world have launched products made of PET, including Coca-Cola, Nestle, Pepsi, Danone and others.

PET, for example, is mainly used in the production of polyester fiber after domestic recycling, with consumption accounting for more than 80%. Relevant representative enterprises include Guolong Plastics, Zhenjiang Swop, Tianjin Yingchuang, Huafei Polymer, etc.

However, at present, most manufacturers in this industry are still in the characteristics of "small, scattered and disorderly", with about 85% of manufacturers producing less than 2,000 tons per year. There are many shortcomings in capital and technology, and there is still much room for development.

Meanwhile, the domestic related industries are developing rapidly. Data show that the number of enterprises currently engaged in recycling and reuse of waste plastics in China is more than 15,000, and the number of employees engaged in the reuse of waste plastics is about 900,000, far from the level of adaptation, and there is still a shortage of practitioners.

Aceretech is a specialist developer and manufacturer of plastic recycling systems. The core technology comes from Europe and the engineers have more than 30 years of experience. We can provide customized solutions for PE/PP/PET/PA/PC/PS/ABS scrap plastics. Products include plastic crusher/crusher, cleaning line, granulation line, melt filter, etc. The complete sales system covers pre-sales, sales and after-sales work. For many years, we have been providing consistent quality OEMs to companies in Taiwan, Europe and the Middle East.