The invention discloses photo-biodegradable and antibacterial plastic and a preparation method thereof and relates to the technical field of plastic preparation. The photo-biodegradable and antibacterial plastic is prepared from the following raw materials in parts by weight: 20 to 30 parts of polyethylene, 15 to 25 parts of calcium carbonate, 15 to 25 parts of modified starch, 5 to 15 parts of maltodextrin, 5 to 15 parts of wood fibers, 1 to 10 parts of gelatin, 1 to 5 parts of glycerol, 2 to 10 parts of diphenylcyclopropenone, 1 to 7 parts of iron carbamate disulfide, 1 to 5 parts of nano titanium dioxide, 8 to 16 parts of polyhydroxyalkanoate, 1 to 3 parts of sodium diacetate, 1 to 5 parts of sodium lignosulfonate, 2 to 12 parts of acetyl tributyl citrate and 2 to 10 parts of oxidized polyethylene wax. The polyethylene plastic disclosed by the invention has a photo-biodegradable effect; especially, biological degradation and photochemical degradation have a synergetic effect and thedegradation rate is high; meanwhile, the photo-biodegradable and antibacterial plastic has an antibacterial effect and is suitable for producing and manufacturing various plastic products.