Industry News
Prediction of Development Trend and Market Prospect of China''s Plastic Machinery Industry in 2018

Driven by continuous expansion of the downstream, global plastic output reached EUR33.9 billion in 2015. According to, the global market volume of plastics machinery would reach EUR37.1 billion in 2017. Specifically, half of the demand comes from the Asia-Pacific region, while the demand of Chinese market accounts for about 20% of that of the global market. It is predicted that by 2022, the European market for plastic components (the wider downstream of plastic machinery) will reach EUR104 billion (excluding synthetic fiber, coating, adhesive). From the perspective of terminal applications, the downstream mainly are packaging, construction, automotive, home appliances, 3C, medicine.

Total output value of global plastic machinery (100 million euros)

It is predicted that the market size of injection molding machines in major regions of the world will increase from EUR9.1 billion in 2018 to EUR11.6 billion in 2024. China, Southeast Asia, South Korea, North America, and India will become the major markets for injection molding machine. From 2019 to 2024, the compound growth rate in the Asia-Pacific region (mainly Southeast Asia and South Korea) and North America is 4.0%, and the compound growth rate is 5.0% in India and 5.6% in China. The Asian market (especially China and India) will drive the development of global injection molding machine industry.

China has become a major producer, consumer, and exporter of plastic products. With the strong support of governments at all levels, China's plastic machinery industry has achieved breakthroughs in plastic raw materials, plastic processing, and plastic recycling. Plastics products are gradually replacing some steel and glass components in fields of automobiles, home appliances, and electronics.

In 2016, the market volume of China's plastic machinery (including injection molding machine) was approximately RMB60 billion. By fitting the market size of plastic machinery with the actual growth rate of GDP in China since the 2008 financial crisis, it is found that the growth of the plastic machinery industry scale corresponds to that of GDP, except for extreme economic conditions. The industry maintained a steady growth on the whole.             

Scale change of China's plastic machinery market and actual GDP growth rate

塑料机械市场规模同比增速(%,左轴)Year-on-year growth rate of plastic machinery market scale (%, left axis)

GDP增速(%,右轴)Growth rate of GDP (%, right axis)


The upgrading of downstream plastic processing industry has brought rapid development of plastic machinery. China's plastics processing industry is developing rapidly and has evolved from the stage of quantity-led development to the stage of enhancing the development quality, improving development benefits, and upgrading the industry, which boosts the development of the plastic machinery equipment industry. In recent years, the output of plastic products in China has maintained a steady growth. According to the data from the National Bureau of Statistics, from 2000 to 2017, the number of enterprises above designated size in the plastics machinery industry increased from 170 to 402, and the industry revenue rose from RMB6.644 billion to 67.1 billion, with an annual growth rate of about 15%.

After the industry decline in 2015, the industry ushered in a recovery in 2016 and 2017. Affected by the macroeconomic downturn, the income of the plastic machinery industry saw a year-on-year decrease of about 2% in 2015. With the macroeconomic stabilization and the increase of R&D investment by domestic enterprises since 2016, the income growth rate of the plastic machinery industry has recovered. In 2016 and 2017, the industry revenue saw year-on-year growth of 14% and 13% respectively, and the total profit of the industry increased by 15% and 22% respectively on a year-on-year basis.

China's plastic products have steady growth in output

塑料制品产量(万吨,左轴)Output of plastic products (10,000 tons, left axis)

塑料制品产量同比(%,右轴)Year-on-year growth in output of plastic products (%, right axis)

The export strength of the plastic machinery industry has kept increasing, with the proportion of exports exceeding 20% currently. Since 2014, the value of exports of China's plastic machinery industry has begun to exceed that of imports. Engel, Demag, Sumitomo Demag and other foreign brand manufacturers have settled in China. More importantly, China's injection molding machine technology has improved rapidly and been recognized by customers at home and abroad. The overall strength of the domestic manufacturing industry has been further strengthened, which promotes the development of exports while reducing the dependence of domestic market on imported plastic machinery products to some extent. In recent years, the export value of China's plastic machinery has accounted for over 20% of the total industry revenue. The exports have given an important impetus to the industry development.

Injection molding machine is the most important part of the import and export of plastic machinery, but there is still a gap in the unit price compared with high-end foreign machinery. Injection molding machine is key equipment of plastic machinery. In the amount of imports and exports, injection molding machine has maintained a proportion of 40% to 50%. In 2017, the export of injection molding machine grew rapidly, and 34,943 sets of USD1.169 billion were exported, with a year-on-year increase of 31% in the export quantity and 14% in the export value. With regard to the unit price, the average import price of injection molding machine was about 100,000 US dollars/set, and the average export price is less than 40,000 US dollars/set, indicating that China's injection molding machine remains in the low-end market. As such, there is still a gap between China and other countries in high-quality injection molding machine.

From: of China Machinery Industry Federation (CMIF)

Important News
Contact Us | Site Map | Legal | Feedback | Links | RSS | FAQs
China National Chemical Equipment Co., Ltd. all rights reserved. Without written authorization from China
chemical equipment corporation such content shall not be republished or used in any form
Produced By CMS 网站群内容管理系统 publishdate:2019/09/09 08:12:46