How many enterprises are prohibited from importing waste plastics? According to statistics, the import volume of plastic film waste products in China and Hong Kong in 2016 was about 10.2 million tons, but by 2018 the figure will plummet, and the total volume will drop by 30% to 40%. Overseas suppliers will look for alternative ways to handle approximately 6 Millions to 7 million tons of plastic waste. In foreign countries, the value of certain materials has fallen sharply. In China, due to the shortage, the price of waste plastics has increased by 20% to 30%. According to the International Recycling Authority, it has received a report from the China Association of Waste Plastics, and Chinese government officials have confirmed that it will continue to issue import licenses in 2018, which permits the export of plastics that are fully compliant with environmental regulations. The current ban on the import of waste plastics in China may have the following impact on the domestic waste plastics industry: About 5% of the factories are converted to centralized local recycling. Generally, there are large-scale enterprises with system and technology to be competent; About 5% of the industry rushed out of China to Southeast Asian countries to set up factories or to Europe, the United States, Japan to "source regeneration"; The remaining 80% of the companies were forced to close business (ie, the company's business license expires), and no money can be honorably retired, and those with debt must go into liquidation and bankruptcy. The most urgent need for recycling in China is waste plastics, home appliances waste plastics and agricultural waste plastics collected by the municipal government. However, the recovery cost of such waste plastics is higher than the recovery price. There is no policy cooperation, and there is no industry to recycle. With so many factories and production capacities in China today, if they can meet government policies, the recovery rate of waste plastics in mainland China will be greatly enhanced. The good news is that there will still be import licenses in 2018. The bad news is that only formal companies can obtain qualifications for approval – the same situation that occurs with industrial upgrading and the industry's relentless force will be the situation where small companies and small workshops are eliminated in large scale. . Information Processing: Carton Street Window Entry Fixed Awning,Window Fixed Awning,Front Entry Awning,Fixed Awning Window Hebei Charlotte Enterprise Co., Ltd. , https://www.hbcharlotteawning.com
According to the International Recycling Directorate (representing the recycling industry associations in more than 70 countries), after China makes strict regulations on overseas wastes, China's waste plastics import recovery rate will be greatly reduced, and it is expected to be less than half of the normal level, even indicating that China’s ban has had a huge impact on pricing.
Recycling industry faces polarization of 80% of companies
It is estimated that mainland China uses more than 80 million tons of plastic materials each year, while local recycling accounts for 21 million tons, and imported plastic waste accounts for 7 million tons. Based on this figure, the local recovery rate is only about 30%. With China's labor costs and waste plastics production capacity, China can significantly increase domestic recycling.
The “forbidden waste†recycling industry will be polarized. After reshuffling, there will be large companies with factories equipped with technology, systems, and capital. The equipment factory is also the same fate. Factories with no scale or skills are eliminated.
The road ahead is mixed
In 2018, it may be even harder for recycled plastics practitioners. In the coming years, environmental protection will become normal and environmental protection will still be the red line for the development of the recycled plastics industry.