Global plastic machinery market continues to rise

According to relevant reports, it is expected that the global market for plastics processing machinery will grow at a rate of 6.9% per annum. In 2017, the global market will reach US$37.1 billion. Packaging will be the largest market for plastic processing machinery and it is expected that by 2017 it will exceed one-third of total sales. The next largest end market will be consumer products and construction.

Due to the wide range of applications for the functional diversity of injection molding equipment, it will continue to hold the most important position in processing machinery and will account for two-fifths of the mechanical sales market by 2017. “The 3D plastic printer will be the fastest growing plastic processing equipment, expanding from a relatively small current market situation to other areas of processing production. With the support of the rapid growth of the world construction market, the sales of extrusion machinery will welcome It is the fastest growing period," said the Cleveland Research Group.

China is by far the world's largest machinery equipment market, accounting for 29% of the global market in 2012, and will continue to lead the global market demand. India will be the fastest growing country in the world, accounting for 12% of the global market share in 2013. According to the global regional market, the central and southern markets in the United States have the fastest growth rate, followed by Africa and the Middle East. It is expected that by 2017, affected by the development of the global transportation industry, machinery manufacturers in Asia and the Pacific can gain the advantage of rapid delivery.

In the first three quarters of 2013, the import and export trade deficit of China's blow molding machines reached a value of US$47.76 million, which was a significant decrease of 72.2% year-on-year. Blow molding machines accounted for 47.7% of the top ten import fields for modified plastics. Blow molding machine is one of the largest category of commercial deficit in the China National Plastics Machinery Market.

Extruder is one of the machines in China's plastics foreign trade market after imports of injection molding machines. In the first three quarters of 2013, China exported a total of 9,262 extruders and 238 million U.S. dollars, accounting for 48.2% of the top ten export destinations.

In terms of subdivisions, in the first three quarters of 2013, China's accumulated imports of injection molding machines from Brazil, Thailand, modified plastics from Turkey, Indonesia, and the United States were largely indistinguishable from those between US$454-496.24 million. These five major imports were originally imported into our country. Injection molding machines accounted for 34.8% of China's total export volume of injection molding machines in the same period. Since last year, imports of injection molding machines in China have begun to decline, with a drop of 18.1%. In general, imports rose slightly, but the year-on-year increase was marginal.

In 2012, the importers of China's top three injection molding machines were Thailand, Indonesia and Brazil. Since the beginning of this year, Indonesia and Brazil have seen a modest increase, while Thailand has dropped by 36.8%. This indicates that the overseas injection molding machine market is gradually developing and becoming stronger, and overseas investment in injection molding machines and modified plastics will need to be more prudent in the future.