一. Overview
Plastic film refers to the film made of polyvinyl chloride, polyethylene, polypropylene, polystyrene and other resins, used for packaging, and as a film coating. It can be mainly divided into PVA coated high barrier film, bidirectional tensile polypropylene film (BOPP), low density polyethylene film (LDPE), polyester film (PET), nylon film (PA), casting polypropylene film (CPP) and aluminized film.
二. industry development background
1. Policy
The development of the industry is inseparable from the support and guidance of national policies, which is an important driving factor for the development of the industry. With the continuous development of China's plastic film and other plastic products industry, the national government has introduced a series of relevant policies to provide guidelines and effective market supervision for the development of plastic film and other plastic products in China, helping the industry to develop well.
2. Economy
In recent years, China's economic development has gradually shifted from the stage of high-speed growth to the stage of high-quality development, and the government has paid more attention to optimizing the economic structure and transforming the growth momentum, and the manufacturing industry is the main area of supply-side structural reform. With the continuous development of China's manufacturing industry, the plastic film industry is also growing. According to the data, the added value of China's manufacturing industry in 2021 is 31,379.72 billion yuan, an increase of 17.8%.
3. Technology
From the perspective of plastic film technology in China, the number of plastic film related patent applications in China has shown a declining trend in recent years, mainly due to the strict restrictions on the production and use of traditional plastic products in recent years, making the technology research and development of the plastic film industry to be degradable, recyclable and other green environmental protection direction, and limited results in a short time. According to the data, the number of plastic film related patent applications in 2021 in China was 2,973, down 28.9% year-on-year.
三. industrial chain analysis
1. Industrial chain
The upstream of plastic film industry is mainly polyethylene, polypropylene, polyvinyl chloride, polystyrene, nylon and other raw materials; The middle reaches of the plastic film manufacturing industry; Downstream is widely used in food and beverage, agriculture, industry, medical health, energy electronics and other fields.
2. Upstream analysis
From the perspective of the cost structure of plastic film production, the proportion of raw material costs is 84.5%, energy costs account for 8.5%, labor costs account for 5%, and other costs account for 2%. It can be seen that the supply of plastic film raw materials largely determines the development of the plastic film industry.
From the perspective of the production of plastic film raw materials, with the continuous development of China's petrochemical industry and the continuous improvement of plastic industry technology, China's primary plastic production has also increased year by year, but due to the strict national environmental protection supervision and the continuous implementation of plastic restrictions in recent years, the production growth rate has declined. According to the data, in 2021, China's primary plastic production of 110.391 million tons, an increase of 6.6%.
3. Downstream analysis
The packaging industry is the largest application field of plastic film in China, such as food and beverage packaging, pharmaceutical packaging and so on. With the continuous development of China's packaging industry, coupled with the growth of packaging demand brought by the rise of the express industry in recent years, the demand for BOPP film in China's packaging industry continues to grow, promoting the sustainable development of the industry. According to the data, in 2021, the cumulative operating income of enterprises above designated size in the national packaging industry reached 1204.181 billion yuan, an increase of 19.6%.
四. industry status
1. Output
With the continuous development of China's petrochemical industry and plastic film industry in recent years, the variety and application range of plastic film are expanding, and the market demand for plastic film products is growing steadily, promoting the sustainable development of the industry. According to the data, in 2021, China's plastic film production reached 16,087,100 tons, an increase of 7%.
2. Output distribution
From the perspective of China's plastic film production distribution, the top three regions in 2021 production are Zhejiang, Guangdong and Jiangsu. Among them, Zhejiang's output was 3.538 million tons, an increase of 9.55%, accounting for 21.99% of the total output; Guangdong's output was 2,792,200 tons, an increase of 7.69%, accounting for 17.36% of the total output; Jiangsu produced 2,522,800 tons, up 6.16% year-on-year, accounting for 15.68% of the total output.
3. Industry revenue
From the perspective of the revenue of the plastic film industry, in recent years, the revenue of China's plastic film industry is on the rise. According to data, in 2021, enterprises above designated size in China's plastic film industry completed a cumulative operating income of 351.468 billion yuan, an increase of 27.6%.
From the perspective of revenue share, with the rapid development of China's plastic film industry, the proportion of plastic film industry revenue in the total revenue of the packaging industry in 2021 exceeds the proportion of paper and cardboard containers, occupying the first place. According to the data, in 2021, enterprises above the scale of the packaging industry completed the operating income of 1204.181 billion yuan, an increase of 16.39%. Among them, plastic film accounted for the first, 29.19%, followed by paper and cardboard containers and plastic packaging boxes and containers, accounting for 26.51% and 15.43%, respectively.
4. Number of enterprises
From the perspective of China's plastic film enterprises, with the rapid development of China's plastic film industry, the market size continues to expand, and the number of industry enterprises also increases year by year. According to the data, in 2021, there are 2,434 enterprises above designated size in China's plastic film industry (all industrial legal persons with annual revenue of 20 million yuan and above), an increase of 324 over last year.
五. Industry development trend
1. Green development
In recent years, while plastic film has been widely used in China's packaging and agriculture and other fields, the "white pollution" problem of waste plastics has also attracted extensive attention from countries around the world, making a series of degradable plastics represented by bioplastics gradually favored by the market, and will also promote China's plastic packaging industry towards the direction of green.
2.the demand continues to grow, broad prospects for development
Because of its own colorless, tasteless, transparent, soft and other characteristics, plastic film is widely used in packaging, especially flexible packaging industry, widely used in food, medicine, chemical and other fields. With the continuous development of China's food, medical and other fields in recent years, the expansion of the market size, coupled with the rise of callers in recent years to drive the rapid growth of express delivery scale, making the demand for plastic film in China continues to grow, driving the development of the industry, and the industry has broad prospects for development.
