In recent years, China's plastic products industry has maintained rapid development, but since 2018, China's plastic products have begun to decline. The data shows that by May 2019, China's plastic products industry completed a production of 28.865 million tons, down 1.2% year-on-year.

In terms of operating income and profit, from January to March 2019, China's plastic products industry accumulated revenue of 428.70 billion yuan, an increase of 8.9% year-on-year; total profit reached 18.72 billion yuan, an increase of 16.1%.

With the promulgation of the “Revitalization of Petrochemical Industry Planning Rules”, China's plastic products industry has ushered in new development opportunities and business situation. It is expected that in the future, with the technological advancement and consumption upgrade of China's modified plastics, China's plastic products industry will continue Growth, it is estimated that the revenue of China's plastic products manufacturing market will reach 3.29 trillion yuan in 2023.

Jiangsu Hongmei Masterbatch Co., Ltd. was established in 2003. The company is located in Changzhou National High-tech Development Zone. It is an early enterprise engaged in R&D, production, sales and service of plastic masterbatch. After more than ten years of steady development, the company is currently producing larger polyolefin masterbatch in East China. One of the enterprises, the business scale ranks among the top in the domestic industry.