Ren茅 Muschter
Research Expert covering Industry & Mobility
Plastic industry in China- statistics and facts
Due to their light weight and incredible versatility, plastics have increasingly become a ubiquitous material around the world over the past seven decades. Plastics have important uses in almost all sectors, with plastic packaging as the most familiar and voluminous use of plastics. The global plastics market value was estimated to be almost 580 billion U.S. dollars in 2020, and is forecast surpass 750 billion U.S. dollars by 2028. With annual global plastic production amounting to nearly 370 million metric tons of plastics in the last few years, the industry continues to grow. China is the world's largest plastic producing nation by far. Between 2014 and 2019, China's share of global plastic materials production grew from 26 percent to 31 percent.
