The most popular recycling rate of waste plastics

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The recovery rate of waste plastics in China is less than 1% and depends on imports.

according to the statistics of Tianjin Customs, in the first 11 months of last year when China International Textile yarn exhibition was held in Shanghai, the import 9 of Tianjin Customs has become the largest segment utilization market 50000 tons of waste plastics, worth US $53.98 million, an increase of 1.3 times and 1.8 times respectively year-on-year. The rise of plastic raw materials leads to a rapid increase in the market demand for waste plastics at this stage; On the other hand, the recycling of waste plastics is not taken seriously in China, which makes the import of waste plastics soar

according to statistics, at present, the recovery rate of waste plastics in China is less than 1%, and only one million tons of recycled plastics can be supplied to the market every year. When waste plastics become the new favorite of the market, the domestic supply is even more stretched, and the huge market has to give in to the import of waste plastics. Waste plastics from the United States, Japan, the European Union and other regions have flooded into the Chinese market on a large scale

according to statistics, since the second half of last year, the import of waste plastics by major domestic customs has increased. The import of waste plastics from EU at Tianjin port increased by 2.7 times. China will soon implement a licensing system for the import of waste plastics. This means that the state will regulate the import of waste plastics

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