In the next five years, the growth rate of my country’s five major general plastics production capacity is expected to increase first and then decrease.

From the perspective of production capacity growth, the production capacity growth rate of my country’s five major general plastics will be 10.21% in 2023. The growth rate will further accelerate in 2024, which is expected to be 12.86%, which is expected to hit a new high in the past five years. From the perspective of general plastics prices, the supply side may become the biggest disturbing factor in general plastics market prices in 2024. Against the backdrop of higher production capacity growth in 2023, growth will further accelerate, exerting strong upward pressure on the general plastics market. . Although manufacturing companies will adjust production capacity utilization based on profit levels and market prices, preliminary market research has found that in order to lock in and expand market share and long-term trading partners, some manufacturing companies often maintain customers by signing long-term contract orders. , which also means that actual production in 2024 will still increase. In 2025, the growth rate of production capacity is expected to further break through, reaching 13.71%, and the total production capacity may reach 150.82 million tons. After 2026, the growth rate of production capacity will slow down significantly, until 2028, China’s general plastics production capacity will reach a relatively stable range. Due to market saturation and environmental protection factors, the upward supply “mountain” in the general plastics market will be removed by then.