In 2016, China imported two-thirds of the world’s plastic waste. So when China stopped buying the world’s discarded plastics, it threw markets into turmoil. But it also created opportunity.

China alone took in the lion’s share—45 percent of the world’s plastic waste imports. Then at the start of this year, it refused to take more, citing local environmental concerns. China’s move threw the recycling industry into turmoil as nations.

They conclude with a somber warning: “Where will the plastic waste go now? Without bold new ideas and management strategies, current recycling rates will no longer be met, and ambitious goals and time-lines for future recycling growth will be insurmountable.”

Therefor, many smart business man start to make these waste plastic into finished product like PP packing straps and PET strapping bands.Currently China is a big consume market for especially PET packing strapping band and PRC government do not forbid the importing of finished plastic packing strapping band.

Finished PET strapping band – container from Philippines to China

PET strapping band production line

PET strapping band production line

PET strapping band extrusion line