Most of the new investment in recycled plastics comes from China

In the past two years, the speed of investment in recycled plastics has increased sharply, with 90% of the new investment coming from China.
90% of the new investment in recycled plastics comes from China.
China's recycling market has a capacity of over 6 million tons, and we purchase recycled materials while exporting funds, equipment, talent, and the market.
According to historical data, China requires nearly 2 million tons of recycled PET bottles and approximately 5 million tons of recycled plastic particles annually.
At present, it has been confirmed that the management of "bottle slices as ordinary goods" is lacking in customs inspection methods and attribute identification guidelines.
Nowadays, many recycled particles that are different from the "three consistent" have emerged at major ports and have been identified as solid waste. The main reason for this is that there are no industry standards for regenerated particles, and there are no identification guidelines for their properties.
After the ban, a large number of enterprises searched for investment opportunities, but some non disciplined enterprises followed the operating model and traded for their economic benefits at the cost of polluting the environment.
The chaos within the industry is heading abroad, but what remains unchanged is the deterioration of environmental quality and capacity depletion, leading to serious conflicts between people and enterprises, affecting the industry's image and sustainable development.