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New trends in the development of plastic products
The plastics industry has emerged as a significant and rapidly growing sector. With the sustained and robust development of China's national economy, this industry has experienced steady expansion. Since the 1990s, it has maintained an annual growth rate exceeding 10%, becoming one of the key pillars of the light industry. According to official statistics, in 2008, the plastics industry accounted for over 10% of the total output value, sales, assets, number of employees, and export delivery value across the entire light industry. Its total industrial output was approaching one trillion yuan, making it the largest among the 45 industries and 19 key sectors within China's light industry.
Today, the plastics industry is receiving increasing attention from the government. As new materials develop and national infrastructure needs grow, this sector holds vast potential for future growth. Being both a modern material and an environmentally friendly product, it plays a vital role in supporting sustainable economic development and domestic demand.
In the first quarter of this year, the export volume of plastic products ranked first in the light industry. From the perspective of the fine molecular industry, the manufacturing of plastic plates, pipes, and profiles stood out as a major driver of growth. Key economic indicators such as total output, sales, and profits saw significant year-on-year increases. Despite the impact of the financial crisis, the overall trend for plastic products remained relatively stable. Several notable trends were observed:
First, while total output and sales increased slightly, the growth rate dropped significantly.
Second, the output of plastic products in major production regions declined.
Third, main business income rose slightly, but profits fell, with about a quarter of companies reporting losses. The number of employees also decreased.
Fourth, the dominance of traditional products in terms of quality and industry distribution remained unchanged.
Fifth, despite the downturn, the export performance of plastic products showed signs of recovery, maintaining a substantial share within the light industry.
Jiuzhi Plastics Network