Look at the frontier
On April 11, a research team composed of Kobe University in Japan and others said in an American academic journal on April 10 that they had successfully developed and realized the mass production of a bioplastic that is strong, easy to process, and can also quickly degrade in seawater. This is the first of its kind in the world.
The bioplastic that was successfully developed this time is a new material called "polylactic acid". Polylactic acid is usually made using lactic acid, which is made from starches such as sugarcane and corn. The research team achieved mass production of polylactic acid through genetic recombination technology.
Source: Photo.com
Technical Value Observation
Bioplastics refer to plastics that are generated by microorganisms based on natural substances such as starch. It's renewable, so it's environmentally friendly.
The successful development of bioplastics can be mass-produced, further improving the development of the industrial chain. The upstream of the biodegradable plastics industry chain is the production of raw materials, which are roughly divided into bio-based plastics and petroleum-based plastics according to the classification of raw material sources. Among them, the basic raw materials of bio-based plastics (such as starch-based plastics, PLA, PHA, etc.) are renewable natural biomass resources such as starch (such as corn, potatoes, etc.), plant straw, chitin, etc., and petroleum-based plastics (such as PBAT, PCL, PBS, PGA, etc.) are formed by petrochemical products as monomers; The midstream of the biodegradable plastic industry chain is the production of degradable plastic products; The downstream of the industrial chain is the application of biodegradable plastics, including packaging, electronics, automotive & transportation, consumer goods, textiles, agriculture, coatings, 3D printing, modern medicine, construction & construction, etc.
Macro market environment
Global demand for biodegradable plastics
In the global demand for biodegradable plastics, Europe has the largest demand, accounting for 31%, North America and China accounting for 28% and 20% respectively. According to incomplete statistics, since 2011, European countries have begun to implement various laws aimed at restricting the abuse of disposable plastic products and promoting degradable plastics.
Distribution of the value chain of China's biodegradable plastics industry
The upstream of China's biodegradable plastics is mainly in the raw material industries such as starch, bellflower and petrochemical; The midstream is a manufacturer of starch-based plastics, PLA and PBAT and other substrates and biodegradable plastic products; The downstream is mainly for packaging, automotive electronics, agriculture and other application industries.
From the perspective of gross profit margin, the highest gross profit margin in the biodegradable plastic industry chain is the downstream automotive electronics industry, with a gross profit margin of 50-60%; The gross profit margin of upstream starch industry enterprises is relatively low, concentrated in 3%-10%; The gross profit margin of enterprises in the midstream biodegradable plastics manufacturing industry is generally concentrated in 10%-30%.
The latest investment trends of representative enterprises in China's biodegradable plastics industry
Driven by national policies and market demand, enterprises in the biodegradable plastics industry in mainland China have also stepped up their production capacity layout, and in 2020, the proposed production capacity of representative enterprises is detailed as follows:
The scale of China's biodegradable plastics industry development
According to the data of the National Energy Group Institute of Technology and Economics, in recent years, with the gradual implementation of the domestic plastic ban and restriction policy, the market demand growth rate of degradable plastics has been increasing. From 2016 to 2021, China's sales of biodegradable plastics increased from 150,000 tons to 1.2 million tons, with an average annual compound growth rate of 52%. According to the data in Hisun's prospectus, the consumption of biodegradable plastics in mainland China is expected to reach 4.7 million tons at the end of the 14th Five-Year Plan period, and the sales volume of biodegradable plastics in China is expected to be about 1.69 million tons in 2022. In the future, with the strengthening of the legislation and law enforcement of the plastic restriction order and the technological progress of the biodegradable plastics industry, the sales volume of the biodegradable plastics industry in mainland China will further increase.
According to the data of Pras.com, the average price of biodegradable plastics in China in March 2023 will be about 22,550 yuan/ton, and the market size of China's biodegradable plastics industry is estimated to be about 38.1 billion yuan in 2022.
Heat map of China's biodegradable plastics technology track
According to the forward-looking industry heat map, the city clusters strongly associated with the key technology of biodegradable plastics are mainly concentrated in North China, the Greater Bay Area and other regions, and with Hebei Province as the key development area, the future layout of the development path of biodegradable plastics technology and other related technologies is very likely to be the priority introduction in North China, which can focus on Renqiu City, Cangzhou City, Hebei Province, Tongcheng City, Anqing City, Anhui Province, Futian District, Shenzhen City, Guangdong Province, The biodegradable plastic-related enterprises in Longhua District and Bao'an District are located, as well as the potential space for the investment environment and supply market for the development of the biodegradable plastics industry.
Prospective Economist APP Information Group
For more research and analysis of this industry, please refer to the "Market Prospect and Investment Strategic Planning Analysis Report of China's Biodegradable Plastics Industry" by Qianzhan Industry Research Institute
At the same time, the Prospective Industry Research Institute also provides solutions such as industrial big data, industrial research reports, industrial planning, park planning, industrial investment, industrial mapping, smart investment promotion system, industry status certificate, IPO consulting/fundraising and investment feasibility study, and specialized and special new small giant declaration. To quote the content of this article in any public information disclosure such as prospectus and annual report, formal authorization from Qianzhan Industry Research Institute is required.
More in-depth industry analysis is available in the [Prospective Economist APP], and you can also communicate and interact with 500+ economists/senior industry researchers. More enterprise data, enterprise information, and enterprise development are all in the [Qichamao APP], the most cost-effective and most comprehensive enterprise query platform.