Production Analysis
Along with the rapid development of China's plastic processing industry and the continuous improvement of the national economic level, China's plastic film industry has gradually developed into the highest output of plastic products sub-industry in China. Data show that China's plastic film production reached 15,029,500 tons in 2020, and in the future, with the continuous upgrading of residential consumption, plastic film production will be on a growth trend and is expected to reach 16,851,600 tons in 2023.
1. Functional film market demand continues to grow to promote industry development
Along with the new demand for packaging film materials in food, daily chemical, pharmaceutical and soft pack lithium batteries, the market recognition and demand for functional film products will continue to rise. Compared with BOPP, BOPET and other major plastic films in the market, BOPA film has superior performance advantages such as high barrier, high abrasion resistance, anti-penetration, transparency and environmental protection. With the continuous improvement of BOPA film mass production technology, the market application of BOPA film is expected to further mature, which in turn will promote the development of the plastic film industry.
2. Leading companies in the industry will gain an advantageous position in future market competition
Due to factors such as expansion cycle and epidemic prevention and control, foreign BOPA film manufacturers are in a disadvantageous position in future market competition in the face of the growing demand for BOPA films. China's BOPA film manufacturers are expected to take advantage of the scale of production capacity, the strong domestic demand market, the complete basic industrial system, the synergistic development of the industry chain and other favorable factors to seize the incremental market demand and further consolidate their competitive position in the global BOPA film industry, and the global BOPA film market share is expected to further concentrate on the head enterprises.
3. The "Carbon Summit" and "Carbon Neutral" strategies bring development opportunities for the industry
In December 2020, China's Central Economic Work Conference put forward the goal of "China's CO2 emissions will strive to peak by 2030, and strive to achieve carbon neutrality by 2060". The "carbon neutral" strategy has become one of the important directions of China's future strategic development. Green development of plastic film manufacturing industry has become the mainstream trend, BOPLA film as a new bio-based biodegradable film material, can be biodegradable in a short period of time, for China's governance of plastic pollution, promote the transformation of the green development of plastic processing industry has important significance.