What Is The Current Situation Of The Plastic Machinery Industry In China?

Qingdao Longchang Jie Machinery Co., Ltd. is a modern enterprise in the plastic machinery industry that integrates new product research and development, design, production and sales. Our company has formed three major series of plastic extrusion production lines based on pipe production lines, sheet production lines and profile production lines.

Analysis of the Current Situation of the Plastic Machinery Industry in China

1. Industry System and Scale

·After years of stable development, the plastic machinery industry in China has established an industry system with a certain technical level and international competitiveness. It not only meets the basic needs of the domestic national economy, but also has considerable competitiveness in the international market. The industry has a large scale and a reasonable layout, becoming an important plastic machinery production base in the world, with production capacity exceeding 50% of the global total, covering various products such as injection molding machines, blow molding machines, extrusion machines, etc., and widely used in packaging, building materials, medical, electronic and other fields. In 2023, the revenue of large-scale enterprises in the plastic machinery industry was approximately 100 billion yuan, and the revenue has generally shown a growth trend in recent years.

2. Product Classification and Proportion

·According to the production process of plastic products, plastic machinery can be divided into plastic blending machinery, plastic molding machinery, plastic secondary processing machinery and plastic processing auxiliary machinery or devices, etc. If classified according to the degree of melting before raw material processing and the molding process, it can be divided into extrusion machines, blow molding machines, injection molding machines, etc., among which the output value of injection molding machines is the largest, accounting for about 40%, and it is also the plastic machinery product with the largest export volume.

3. Policy Environment

·The plastic machinery industry belongs to the fields that the country encourages to develop and supports. The country and local governments have launched a series of encouraging policies to provide a good business environment and policy guarantees for the healthy development of the industry. For example, in May 2023, the Economic and Information Technology Department of Sichuan Province issued a notice, listing plastic machinery as one of the efficient energy-saving equipment.

4. Development Stage and Challenges

·The development of the plastic machinery industry in China started early and has a history of more than 70 years. Currently, it is in a key period of transformation and upgrading, facing many challenges. On the one hand, environmental protection policies have impacted the traditional plastic machinery production pattern due to the recycling and reuse of plastic products and the elimination of traditional plastics; on the other hand, the demand for high-tech engineering materials in the high-end manufacturing field has prompted the plastic machinery to develop towards higher technical levels. In addition, the industry competition is increasingly fierce, and enterprises need to improve product quality, reduce costs, and enhance innovation capabilities to cope with the impact of environmental protection policies, energy prices, and other factors.