CHINAPLAS 2019 TO HIGHLIGHT THE MEGATREND OF CIRCULAR ECONOMY Date: 15-01-2019 Source: CPRJ CHINAPLAS 2019 will return to China Import and Export Complex, Pazhou, Guangzhou and run from May 21- 24, 2019. An estimated total of more than 3,400 industrial leaders from around the world will be showcasing their products and solutions in an over 250,000 square meters of exhibition space to at least 180,000 professional visitors from 150 countries and regions. To foster circular economy is a global consensus and is a major Chinese economic and social development strategy to achieve sustainable development. As such, great potential and bounteous market opportunities arise with it. Ada Leung, General Manager of Adsale Exhibition Services Ltd., organizer of CHINAPLAS, said, "It's going to be the 33rd edition of CHINAPLAS in 2019. Every time, it responds to the market demand and introduces new moves accordingly. In the past three editions of show, we have boosted the significance of Industry 4.0. After that, circular economy will be the next big trend." "We've been aware of circular economy for some time. As early as 2011, we launched the Bioplastics Zone, introducing biodegradable plastics and bio-based plastics. We have also set up a Recycling Technology Zone since 2016 in Shanghai. The show lineup continues to grow. In the upcoming CHINAPLAS, circular economy will be promoted to a prime position, leading exhibitors and visitors to explore the enormous potential." The core of circular economy is the efficient use and recycling of resources, and plastic waste recycling is an indispensable part. By improving the recycling rate of waste plastics, the development of a circular economy can be greatly promoted. According to statistics, waste plastics imported into China amounted to 7.3 million tons in 2016. Being worth US$3.7 billion dollars, it accounted for 56% of the world's total imports of waste plastics. With the implementation of the ban on the import of waste plastics, it is bound to intensify the shortage of raw materials, and the recycling system of renewable resources is in urgent need of change. An upgraded Recycling Technology Zone is not to be missed at Chinaplas 2019 along with Plastics Recycling & Circular Economy Conference. The conference objective is to facilitate mastery of advanced technology, promote technological innovation, and help the industry seize new opportunities.