Market Status and Development Trend Prediction Analysis of Special Equipment for Plastic Processing

        With the development of China's plastic industry, the annual growth rate of China's plastic machinery industry is around 30%, and the profit margin growth is also far higher than the growth of the total industrial output value. It is one of the fastest growing industries in China's machinery industry.
 

Market Status
 

1. Output

          In recent years, with the continuous expansion of downstream applications of plastic products in China, the market demand for plastic products has gradually increased, leading to an increase in the demand for plastic processing equipment in the plastic production and manufacturing industry. In 2021, the output of special plastic processing equipment in China was 3523000 units, a year-on-year increase of 7.3%. It is expected that the output will reach 389900 units in 2023.

2. Regional distribution

        In 2021, the production of special plastic processing equipment in China was mainly concentrated in Zhejiang and Guangdong, accounting for 39.13% and 16.99% respectively. The following are Hebei, Jiangsu, and Chongqing, accounting for 6.14%, 5.55%, and 4.68%, respectively.

Development trend
 

1. Development and upgrading of intelligent products

        The relevant policies of the Chinese government to develop China's manufacturing industry explicitly mention that the country will vigorously promote the integration of China's manufacturing industry with new generation technologies such as 5G, accelerate the completion of intelligent transformation and upgrading of China's manufacturing industry production, and improve industrial production efficiency. This also means that in the future, the design and production of relevant equipment in the plastic machinery industry in China must be combined with relevant intelligent systems to achieve the goal of intelligent equipment and achieve artificial intelligence and networking in the plastic manufacturing industry, which puts forward new requirements for equipment manufacturing technology in the industry.
 

2. Continuous growth in demand

          The demand for plastic products in downstream end application industries, such as product accessories required by the automotive industry, modern electrical appliances, plastic building materials in the building materials industry, and medical equipment industry, has increased year by year in recent years. Especially since the outbreak of the epidemic, the demand and consumption of plastic medical equipment in the medical industry has increased significantly, and the plastic machinery industry in China has developed rapidly. Recently, China's new energy vehicle industry has developed rapidly, and the demand for plastic production parts has increased. In the future, China's new energy vehicle industry will inevitably further develop under the influence of various factors, and China's plastic machinery industry will also receive development momentum.
 

3. Further intensification of industry competition

          Relevant Chinese government departments have successively issued "plastic restriction orders" and "plastic prohibition orders", advocating the use of degradable plastic products. The differences in production equipment related to degradable plastic products have put forward new requirements for the design and development of relevant equipment in the plastic machinery industry in China, which has also become one of the product research and development directions in the plastic machinery industry. New types of plastic machinery production and processing equipment have become the industry development trend.