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Industry trendsPlastic machinery is an important pillar of the development of the plastics industry. The global output value of plastic machinery reached 33.9 billion euros in 2019, and the industrial sales output value exploded by 59.72% to 40.065 billion yuan.
Turkey, the Czech Republic, Iran and other developing countries and regions will see an increase in demand for plastic processing equipment, thanks to steady economic growth, continued industrialization and rising personal incomes.Plastic machinery industry analysis indicates that packaging will remain the largest in the plastic processing machinery market, accounting for more than one third of all sales in 2017, and the next largest end market is consumer goods and construction. With these advantages, China's plastic machinery will have a good space for development.
The prospect of development of plastic machinery industry points out that China has become a big producer, consumer and exporter of plastic finished products.With the strong support of governments at all levels, China's plastic machinery industry has made breakthroughs in plastic raw materials, plastic processing industry and plastic recycling industry, and plastic products are gradually replacing some steel and glass parts in the fields of automobiles, home appliances and electronics.
In 2019, China's plastic machinery (including injection molding machine) market size is about 60 billion yuan.After fitting the growth rate of China's plastic machinery market size and actual GDP since the 2008 financial crisis, the fitting results show that the change trend of the growth rate of the plastic machinery industry size is similar to the GDP growth rate, except for the extreme economic environment, the industry as a whole maintains steady growth.
Upstream plastic processing industry upgrading promotes the rapid development of plastic machinery.China's plastic processing industry has developed rapidly, and has entered the stage of improving development quality, efficiency and industrial upgrading from the quantity-oriented development stage, which has driven the rapid development of plastic machinery and equipment industry. Investment in fixed assets in downstream major industries is up.Investment demand continued to improve.The year-on-year growth rate of fixed asset investment in the auto industry was also positive in 2019, with a year-on-year growth rate of 11.20% in the first October, compared with 2.80% in the same period last year.
The development prospect of plastic machinery industry points out that the export strength of China's plastic machinery industry is increasing, and the current export accounts for more than 20%.On the one hand, Engel, Demag, Sumitomo Demag and other foreign brand manufacturers settled in China, on the other hand, more important is the rapid improvement of the technical level of injection molding machines in China, has been recognized by domestic and foreign customers.The overall strength of the domestic manufacturing industry has been further strengthened, which also drives the development of exports. At the same time, it also reduces the dependence of the domestic market on imported plastic machinery products to a certain extent.In recent years, the export amount of China's plastic machinery has accounted for more than 20% of the total income of the domestic industry, and overseas export has provided an important driving force for the development of the industry.
In February 2020, the State Council issued the 'Equipment Manufacturing Industry Adjustment and Revitalization Plan', the plastic machinery industry in the 'plastic molding machinery' and other products included in the development focus.This is the first time that the plastic machinery industry has been included in the development plan of equipment manufacturing industry since the founding of the People's Republic of China. It is the first time that the plastic machinery industry has been elevated to the national strategic industry, which has become an important milestone in the development history of the plastic machinery industry.