Key Market Indicators
China's plastic export market is projected to soar to approximately $112 billion by 2028, up from about $95 billion in 2023. This marks a compound annual growth rate (CAGR) of 2.6%. Since 1997, the supply of Chinese plastic has consistently increased at an annual rate of 3.4%. On the import front, China's plastic market is expected to reach around $92 billion by 2028, compared to nearly $83 billion in 2023, reflecting a CAGR of 1.7%. Chinese demand for plastic has been on the rise since 1997, growing at an annual rate of 2%.
