Lead: Since the beginning of this year, China's major polyester bottle sheet manufacturers Sanfangxiang, China Resources and Wankai are still actively expanding their bottle sheet production capacity. As well as the addition of new companies such as Sichuan Hanjiang and Fujian Baihong, the number and scale of China's polyester bottle sheet enterprises are continuing to expand, and the production capacity growth rate has increased significantly.

In recent years, Chinese polyester bottle and sheet enterprises have added a large number of new production capacity, ranging from 600,000 to 1.5 million tons, so the proportion of production capacity of large bottle and sheet enterprises has gradually increased. From January to August this year, 1.5 million tons of new equipment in Sanfangxiang and 600,000 tons of Wankai Chongqing Phase III were put into operation, 600,000 tons of old equipment in China Resources Jiangyin were restarted, and 600,000 tons of new enterprises in Hanjiang River in Sichuan and 700,000 tons of new enterprises in Fujian Baihong have joined the production capacity. This year, China's polyester bottle sheet production capacity has increased significantly by 4 million tons, and the production capacity growth rate has reached 32.32%. The total production capacity of Chinese polyester bottle sheet enterprises has reached 16.37 million tons. Among them, the average growth rate of production capacity from 2018 to 2022 is only 8.30%.

Table 1. Statistics of China's new polyester bottle production capacity in 2023 (unit: 10,000 tons)

In May, Wankai's 600,000-ton new plant in Chongqing was put into operation. Currently, Wankai's total production capacity has reached 3 million tons, ranking second in polyester bottle sheet production capacity. In early June, a new 750,000-ton polyester bottle sheet device in Sanfang Lane was officially put into operation and shipped. Another 750,000-ton device was put into operation in early July. Coupled with the original 2 million tons of production capacity, Sanfang Lane's total production capacity has reached 3.5 million tons, ranking first in polyester bottle sheet production capacity. After China Resources Jiangyin resumed production of another 600,000-ton old unit, China Resources 'total production capacity reached 3.3 million tons, ranking third in polyester bottle sheet production capacity. Yisheng's polyester bottle sheet production capacity is 2.7 million tons, and currently ranks fourth in production capacity. Yisheng Hainan will still have a set of new production capacity of 1.2 million tons in the second half of the year. By then, Yisheng's total production capacity will be once again at the forefront of the enterprise. position. At present, the top four production capacities of polyester bottle sheets account for 76.34% of the total production capacity. The remaining 11 polyester bottle and sheet companies only account for about 23.66% of the production capacity, and their market share is gradually occupied by leading manufacturers, and the market competition pressure gradually increases in the later period.

After September, Xinjiang Yipu and Yisheng Hainan still have new units planned to be put into production, and China's polyester bottle production capacity will continue to grow significantly this year. In the next few years, China's new polyester bottle production capacity will enter a new round of peak production. The main manufacturers are still actively expanding new production capacity. Yisheng, Sanfangxiang and Wankai still have new production capacity expectations. By then, the main manufacturers will continue to expand production capacity. The production capacity will continue to expand, the distribution of enterprises will become more concentrated, and the share of leading enterprises in the market will continue to expand. This year, with the addition of new companies such as Sichuan Hanjiang and Fujian Baihong, as well as Xinjiang Yipu, Anhui Haoyuan, Tiansheng, and Tongkun in the later period, the number of polyester bottle sheet companies will continue to increase. In the later period, China's polyester bottle sheet industry may enter a new round of competition and shuffling cycle.