“Limiting and Banning Plastic”, The Injection Molding Industry Continues To Rise

Published On: August 27, 2021

The invention and use of plastics have brought great convenience to people’s daily lives. Compared with metal, stone and wood, plastic products have the characteristics of low cost and strong plasticity, and are widely used in the national economy.

Under the policy of “Limiting and Banning Plastic”, plastics have undergone great changes: for example, degradable plastic straws in milk tea shops, degradable lunch boxes for takeout, etc.

This is because the problem of plastic pollution is becoming increasingly serious, and non-degradable plastic waste will cause huge environmental safety hazards. With the increasingly stringent global environmental protection policies, plastic pollution prevention and control will continue to strengthen, and plastic products will gradually turn to more environmentally friendly degradable materials.

In recent years, the continuous changes in demand for plastic products and the innovation of degradable material research and development have promoted the continuous development of injection molding industry technology in the direction of high precision, high efficiency, low energy consumption, environmental protection and safety, and intelligence.

Injection molding is an important general manufacturing equipment in the industrial field. In the downstream of the injection molding industry, from a domestic and global perspective, the popularization of 5G products; the precision and lightweight of 3C and home appliances; and the weight reduction and lightweight of automobiles are all overall development trends, which will greatly stimulate the demand for plastics.

On the one hand, the growth of the output value of the plastic products industry directly drives the demand for injection molding machines; on the other hand, the constant changes in the demand for plastic products and the research and development of plastic materials have prompted the continuous innovation and development of the technology of injection molding machine manufacturers, triggering new demand growth points, thereby promoting the development of the injection molding machine manufacturing industry.

The process of domestic substitution is accelerating, promoting the upgrading of traditional manufacturing industry

With the decline of the demographic dividend, the trend of “machine replacement” has accelerated around the world, driving the transformation and upgrading of the manufacturing industry, and the general machinery industry has ushered in dividends;

With the upgrading of consumption and industry, the global demand for high-end machinery and equipment continues to increase. With the superposition of policy support and financial guarantees, the vast space of the global high-end market is expected to drive the upgrading of domestic general machinery and give birth to a number of industry leaders;

The advantages of China’s manufacturing efficiency and price have been fully demonstrated during the epidemic, attracting global capital and accelerating industry upgrading.

At present, Chinese injection molding machine companies mainly occupy the low-end and mid-end markets, but in the high-end market, leading companies are gradually narrowing the gap with foreign high-end companies. Under the background of the reduction of income of downstream companies affected by the COVID-19 pandemic, domestic injection molding machines with good quality and low price are more favored by customers. This is because compared with imported injection molding machines, domestic injection molding machines maintain price advantages while continuously improving product technology and quality.