China continues to maintain its position as the world's leading plastic mold market.- Taizhou Huangyan Xuejun Mould Factory

China continues to maintain its position as the world's leading plastic mold market.

Nov 10,2021

Freedonia Inc., a research company based in Cleveland in the United States, predicts that from now to 2017, the annual growth rate of global plastic processing machinery demand will reach 6.9%, and sales will reach 37.1 billion US dollars. The company said in a recent survey report that this growth will promote the improvement of the sales climate, which is mainly attributed to the increase in fixed investment expenditure and the increase in the production of plastic products. The packaging market will remain the largest market area for plastic processing machinery and will account for more than one-third of total sales by 2017. The second and third end markets are consumer goods and construction. According to Freedonia, injection molding equipment will remain the most important type of processing machinery, accounting for nearly two-fifths of new sales in 2017, thanks to the wide application of injection molding machines in many fields. The company expects that the demand for 3D plastic printers will grow faster than any other plastic processing equipment, although its current market share is relatively low. The second highest growth rate will be extrusion machinery sales, which is driven by the increase in global construction activities. China has become the world's largest equipment market, accounting for 29% of all equipment sales in 2012, and will continue to maintain its leading position in 2017. But India will become the fastest growing national market, with an annual growth rate of 12%. The company said that from a regional perspective, sales in Central and South America will grow the fastest, followed by Africa and the Middle East. By 2017, the plastic processing machinery shipment rate of machinery producing countries in the Asia-Pacific region will grow the fastest, with China led by China, which will account for 59% of the total output in the Asia-Pacific region.

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