In the current context of industry turnover and rising raw material costs, the plastics industry is capturing global business opportunities through innovative transformation. Customs data show that in the first seven months of this year, exports of plastic products increased by 7.2% year-on-year. This growth trend reflects the competitiveness and demand of the plastics industry in the global market.

In the national economy, the packaging plastic industry plays an important role. It is not only widely used in chemical, food, pharmaceutical and other fields, but also deeply involved in various fields such as information, energy, industry, agriculture, transportation, space and ocean development.

Recently, the Federal Reserve announced a 50 basis point reduction in the target range for the federal funds rate, to a level between 4.75% and 5.00%. This is also the first time in four years that the Federal Reserve has lowered interest rates. This marks the official shift of the United States from the tightest interest rate hike cycle in 40 years since 2022 to a rate cut cycle.

According to the National Bureau of Statistics, the production of primary plastics in August was 10.758 million tons, an increase of 0.5%. During the January-August period, cumulative production reached 86.267 million tons, up 4.5 percent year on year. In terms of varieties, the yield of polyamide (PA) increased significantly, reaching 25.9%. The production of ABS fell by 10.5%

The rapid development of technologies such as 5G communication, the Internet of Things, artificial intelligence (AI), low altitude economy, 3D printing, and the rise of intelligent living and new energy vehicles will constantly increase the market's requirements for material performance, which will promote the innovation and development of the modified plastics industry.

Recently, with the changes in the global trade situation, governments are adjusting their foreign trade policies to adapt to the new international economic environment. In September, a series of important new foreign trade regulations were successively issued, involving domestic and foreign policies, import and export policies and tariff policies.

In August 2024, the price index of recycled plastic particles in China was 768.6 points, up 1% year-on-year and down 0.9% month-on-month

On September 4, the Pacific Environmental Resources Center, an environmental protection organization, released the report "Unlocking the New Green nature of milk tea: Research on the plastic Reduction path of China's milk tea Industry", which put forward suggestions for the plastic reduction path of the industry in the next five years in view of the plastic waste growth challenges behind the expansion of new tea drinks.

In the context of increasing environmental awareness, the plastic products industry is gradually paying attention to sustainable development, and constantly introducing new processes, new materials and new products to meet the needs of consumers. Digital transformation is also helping industries improve productivity and reduce costs, contributing to the smooth running of the economy.

Among many packaging materials, plastic packaging accounts for the highest proportion. It is worth noting that abandoned plastic packaging will weather and decompose into fine particles, which may eventually enter the human body through various forms. But plastic packaging is essential for goods, in the case that it can not be replaced, how to eliminate its harm?