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The world plastic market in 2018 was heavily affected by the U.S.-China trade war, fluctuations in oil prices and China’s scrap import policy. China’s decision to stop importing scrap has created a global waste crisis, the trend of moving scrap materials to Southeast Asian countries and leading to the risk of pushing the entire recycling industry into turmoil.

Decreasing trend in the consumption of plastic products once because many countries have banned the use of the world, the world has gradually shifted to consuming green and environmentally friendly packaging products.