Taizhou, China – Jan.1, 2024 – Public data shows that in 2016, the revenue scale of China's plastic product manufacturing market reached 3.24 trillion yuan, accounting for 4.35% of China's GDP. With the gradual maturity of the plastics industry and the improvement in the precision of plastic products, it is expected that the revenue scale of China's plastic product manufacturing market will reach 3.38 trillion yuan in 2017, accounting for 4.26% of China's GDP. More and more plastic products, such as common electronic components, kitchen blenders, baby utensils, mops, garbage bags, trash cans, household shoes, etc., are increasingly joining the ranks of self-owned brands. Walmart's Mingting, Auchan's Big Thumb, JD's Dostyle, and many regional retail chain companies have developed their own brands related to plastic products. In the next five years, plastic and related products will occupy a huge market share in the non-food sector of China's 30 trillion yuan self-owned brand market.

Taizhou, known as the cradle of China's joint-stock cooperative economy, the birthplace of China's private economy, and the capital of plastic molds, is a major stronghold of China's plastic products. Known as the "Kingdom of Plastic Products", Taizhou has nearly 10,000 upstream and downstream enterprises in various types of plastic industry chains, covering all sub-sectors of plastics.