News Updates
The global plastic packaging market is projected to reach US$508.4 billion by 2026, with the Asia-Pacific region accounting for over 51% of the total. China’s market is experiencing particularly robust growth. Demand is strong for single‑use products such as meal boxes, plastic bowls, and trays; the food‑delivery sector consumes more than 200 million units daily, while annual usage of courier pallets has surpassed 1 billion. The key drivers of this growth are lightweight construction, water- and oil‑resistance, and low cost, complemented by new food‑grade plastics that remain stable at room temperature without leaching harmful substances. Despite the implementation of plastic‑reduction policies, high‑performance, recyclable plastic packaging remains indispensable, and the industry is evolving toward “lightweighting, enhanced safety, and improved recyclability.”
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In May 2026, a major technological breakthrough was achieved in biodegradable plastic packaging: when BASF’s Ecoflex® PBAT material is blended with starch, the resulting products—such as meal boxes and trays—demonstrate a 90% degradation rate within 180 days under industrial composting conditions. This product retains the traditional advantages of plastics—impact resistance, thermal insulation, and airtight sealing—while addressing the challenge of white pollution, and has already obtained national certification for food-contact safety. Several domestic companies have established production lines with capacities of tens of thousands of tons, reducing costs by 40% compared to 2023 and meeting the conditions for large-scale substitution. Currently, chain restaurants and fresh‑food e‑commerce platforms are placing bulk orders, and by the end of 2026, the market size for biodegradable single‑use plastic packaging is expected to exceed RMB 30 billion.
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