China's plastics industry presents two major trends

At present, China's plastics machinery industry is showing two very prominent development trends: First, the industry's enterprises pay more attention to the development and application of new technologies and new products; second, the degree of industry concentration is increasing, and the benefits of scale and branding are increasingly evident. “China Plastics Machinery Industry Association Secretary-General Qian Yaoen told reporters in an interview yesterday.
Due to the fierce competition in the plastic products market, plastic products have been rapidly introduced to new generations, and a number of new technologies and processes have emerged continuously. The requirements for plastic machinery and equipment have been “higher and higher”. Qian Yaoen said that with the development of the injection molding machine market, the growth of the future output value of injection molding machines will be mainly concentrated on high-end products. In the past five years, the average annual growth rate of China's injection molding machine production has reached 13.27%, and the growth rate of the output of last year was 12%. However, as a whole, China's injection molding machines are mainly low-end general products, and high-precision products currently rely mainly on imports. However, China's presses companies are working hard on new technologies, and press makers such as Haitian, Zhenxiong, and Donghua are trying hard to make progress in the mid-to-high end market. At present, China has been able to produce all-electric injection molding machines and compact disc injection molding machines on its own. However, due to the long-term occupation of foreign products by such products, the recognition of domestic brands is not yet high, and it will take time for domestic high-end brands to be accepted.
“Another development trend of the whole industry is that the degree of concentration is improving. The operating status of the enterprises in the upper scale is better than that of the small enterprises.” Yao believes. According to the data provided by the China Plastics Machinery Industry Association, from 2004 to 2006, the market share of the top five presses in the country has increased from 50% in 2004 to nearly 60% in 2006, showing that industrial concentration has been achieved. Big increase. From the perspective of business operations, Haitian Group has always occupied the leading position of China's plastics machinery companies, and its domestic plastics machine market share has remained at about 1/3. Moreover, judging from the current situation of the domestic and international presses, large-scale presses have more funds and technologies and form a virtuous circle. The companies have strong anti-risk capabilities and are in a competitive position.
Qian Yaoen finally stated: “The press industry is currently facing increasingly fierce market competition. If the company does not have its own unique technology, brand awareness is not strong, relying solely on price competition, it will be difficult to gain a foothold in the market.”

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