After the Plastic Ban, the Demand for Paper Products Replacement Has Risen

Core Tip: Recently, the National Development and Reform Commission and the Ministry of Ecology and Environment jointly issued the "Opinions on Further Strengthening the Control of Plastic Pollution". It is clear that by 2020, it will take the lead in prohibiting and restricting the production, sales and use of certain plastic products in certain regions and areas.

Recently, the National Development and Reform Commission and the Ministry of Ecology and Environment jointly issued the "Opinions on Further Strengthening the Control of Plastic Pollution". It is clear that by 2020, it will take the lead in prohibiting and restricting the production, sales and use of certain plastic products in certain regions and areas.


Opinions suggest that by 2022, the consumption of disposable plastic products will be significantly reduced, alternative products will be promoted, and the proportion of plastic waste resources and energy utilization will be greatly increased; Form a batch of reproducible and scalable plastic reduction and green logistics models. By 2025, the management system for the production, circulation, consumption, recycling and disposal of plastic products will be basically established, a multi-component co-governance system will be basically formed, and the level of alternative product development and application will be further improved. Effective control.


Guosheng Securities pointed out that according to the National Bureau of Statistics, the total output of plastic products in 2018 was 60.42 million tons, of which the daily plastic products / foam plastic output was 559/242 million tons, totaling 8.01 million tons. In terms of currently replaceable materials, paper products have the advantages of environmental protection, light weight and low cost. It is expected to replace daily plastic products and foam plastics. It is expected to generate about 10 million tons of paper products demand, accounting for papermaking demand. 10% of the amount. From a cost point of view, the cost of cattle cardboard using waste paper as raw material in paper products is lower than that of white cardboard using wood pulp and bamboo pulp as raw materials. Demand for paper products with paper as raw material.

In terms of individual stocks, we are focusing on the leading waste paper companies such as Shanying Paper, Nine Dragons Paper, Lee & Man Paper, Sun Paper, Jingxing Paper, and Chenming Paper and Huatai, which are undervalued targets for wood pulp.