China promotes the growth of plastic machine sales
2023-01-18
As early as 1990, the global sales volume of injection molding machines was 33000. By 2013, the global sales of injection molding machines had reached 86500, with an increase of 250%
This huge increase, to a certain extent, reflects the popularization of plastic materials. Let's compare the use of PET beverage bottles at that time and in today's society, or the use of plastic for cars.
Plastic machinery in China has accounted for half of the world's plastic machinery in the past 25 years
However, according to some key indicators, the biggest reason for the huge leap in the global plastic industry lies in the soaring manufacturing industry in Asia. At first, China and other major Asian producers became the world's factory, but now the consumer class in emerging regions is also growing.
There is a key data: the annual sales volume of plastic injection molding machines in the world has increased by 53000 compared with 25 years ago. About 90% of the increase (i.e. 48000 plastic injection molding machines) comes from emerging markets in Asia.
China drives growth
The simplest answer is that, as the figures show, globalization has brought growth. Globally, the size of the plastic industry has grown several times over 25 years ago. But the growth brought by globalization is only part of the story. Through numerical analysis, we can see the significant shift of manufacturing centers to Asia. China accounts for the main share. The annual consumption of injection molding machines in China increased from 4000 in 1990 to 42000 in 2013, accounting for half of the global total. The sales volume of other Asian countries (including Japan, India and Southeast Asia) increased from 11500 units per year to 21500 units in the same period. These sales figures of injection molding machines come from the Austrian Engel Company, which is the world's largest manufacturer of injection molding machines in terms of turnover. Injection molding machine is the largest segment of the plastic machine market. Mike Walter, president of the American Association of Plastic Processing Enterprises, headquartered in Indianapolis, said that the rise of Asia is very destructive for some small and medium-sized plastic processing enterprises in the United States.
2023
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01-18
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2023-01-18
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