In 2023, the plastic machinery industry will achieve double growth in the global market

In 2023, the plastic machinery industry will achieve double growth in the global market, stable growth in the domestic market, and international expansion. Looking forward to the green and intelligent future of the industry, and moving towards a new era of sustainable development

Driven by the global economic recovery and the improvement of environmental awareness, the plastic machinery industry ushered in new development opportunities in 2023. This year, the plastic machinery industry has shown a positive growth trend in both the domestic and international markets, and has supported this trend with specific cases and data.

Domestic market demand is growing steadily:

• Market size expansion: According to statistics, the market size of China's plastic machinery industry will increase by about 8% year-on-year in 2023, thanks to the continued growth in domestic demand for plastic products and the intelligent upgrading of the manufacturing industry.
• Technological innovation cases: For example, Nanjing Henglande, a well-known domestic plastic machinery company, successfully developed a fully electric twin-screw extruder with independent intellectual property rights. Its energy efficiency is more than 20% higher than that of traditional models and it quickly gained market recognition.

• The effect of policy support is significant: The state’s support policies for green manufacturing and intelligent manufacturing have provided strong support for the technological upgrading and market expansion of the plastic machinery industry.

Competitiveness in the international market has been significantly improved:

• Export data growth: According to customs data, China's total plastic machinery exports in the first half of 2023 increased by 15% year-on-year, demonstrating the competitiveness of Chinese plastic machinery in the international market.

• International cooperation case: Nanjing Henglande established a cooperative relationship with a well-known German automotive parts manufacturer, providing it with customized twin-screw extruders for the production of lightweight automotive interior parts.

• Diversified market layout: Chinese plastic machinery companies have not only made breakthroughs in traditional markets such as Southeast Asia and the Middle East, but have also successfully entered emerging markets such as South America and Africa.

As the world pays more attention to environmental protection and sustainable development, the plastic machinery industry will continue to transform to green manufacturing and develop more energy-saving and environmentally friendly technologies and products. It is expected that by 2025, the intelligence level of China's plastic machinery industry will increase by 30%, and the intelligent optimization of the production process will be achieved by integrating advanced sensors, Internet of Things technology and artificial intelligence algorithms. Looking to the future, Chinese plastic machinery companies will continue to deepen their globalization strategy and accelerate the layout of the global market through overseas mergers and acquisitions, establishment of joint ventures, etc.

In 2023, the plastic machinery industry has achieved remarkable results in both domestic and foreign markets. With the continuous deepening of technological innovation and the continuous growth of market demand, we have reason to believe that the plastic machinery industry will usher in a broader development prospect.

We are a foreign trade company focusing on the research and development, production and sales of twin-screw extruders, and are committed to providing customers with efficient, energy-saving and environmentally friendly plastic processing solutions. Our products are widely used in many fields such as plastic recycling, biodegradable material production, and packaging material manufacturing.

We welcome global customers and partners to contact us to explore the green future of plastic processing together.