The invention discloses a disposable controlled completely-degradable plastic packing bag, which is formed through melting, blending, extruding and film-blowing of components comprising in parts by weight: 20 to 45 parts of polyvinyl alcohol, 72 to 87 parts of starch, 10 to 20 parts of micromolecule plasticizer, 0.2 to 2 parts of modified inorganic nanometer additive, 0.1 to 1.5 parts of antioxidant, 0.5 to 3 parts of compatibilizer, 8 to 15 parts of inorganic filler, 0.1 to 1 part of ultraviolet absorber, and 0.1 to 1 part of pigment. The invention further discloses a preparation method of the plastic packing bag. The nanometer composite modifier in the packing bag adopts a micromolecule plasticizer easy to form a hydrogen bond with the starch, a certain amount of inorganic nanometer additives subject to surface treatment are added in the packing bag, so that after PVA (polyvinyl acetate) is modified by the nanometer composite modifier, the use amount of the molecule plasticizers is reduced greatly, the cost is lowed, the reduction of the mechanical property of a film is avoided, and the controlled completely-degradable film with excellent mechanical property and the use performance can be obtained.