2023 injection molding products industry market overview analysis

5. Competitive landscape

Ningbo Henghe Precision Industry Co., Ltd. was founded in 2001. The company always adheres to the research and development and manufacturing of precision molds and precision components as the core of business development, and continues to expand its business downstream. The existing products mainly cover precision injection parts, gear/gearbox/reducer transmission components, all-plastic tail doors, all-plastic hoods, fuel valve actuators, etc. Widely used in intelligent home appliances, automotive intelligent cabin, automotive engineering plastics lightweight applications and other fields. At present, the company has three production bases in Zhejiang Cixi Emerging Industry Cluster Area, Zhejiang Jiaxing Economic and Technological Development Zone, Shenzhen Yanchuan Community, Zhejiang Cixi headquarters, Zhejiang Jiaxing 2 R & D centers, which can provide customers with one-stop services from precision components design, product development to mass production. According to the data, in 2022, the company's injection molding product business revenue was 596 million yuan, down 2.2% year-on-year, and the gross margin was 19.19%.

6. Development trend

With the improvement of the development level of the national economy, social consumption continues to upgrade, express delivery, takeout, real estate, automobiles, household appliances, packaging, consumer electronics, medical devices and other industries develop rapidly, promoting the consumption of plastics continues to grow, and the environmental pollution problems brought by plastics are increasingly aggravated. To this end, the state has issued a number of policies to speed up the transformation of injection molding products to green. Among them, the "Biodegradable drinking straws" and "Biodegradable Plastics and Products Degradation Performance and Labeling Requirements" formulated and issued by the State Administration of Market Supervision and Administration and the National Standardization Administration Committee, two national standards in the field of degradable plastics have been formally implemented since June 1, 2022. On June 17, the Ministry of Industry and Information Technology, the Ministry of Human Resources and Social Security, the Ministry of Ecology and Environment, the Ministry of Commerce and the General Administration of Market Supervision jointly issued the Guiding Opinions on Promoting the high-quality Development of Light Industry, which clearly proposed the development of low-carbon technology development projects for new biomass materials, fully biodegradable mulching films and other materials and the consumption of green products of degradable materials. In the future, with the continuous promotion of the "plastic ban, plastic limit" and "double carbon action" policy and the enhancement of social environmental awareness, the green environmental protection properties of injection molding products will be more prominent.

Plastic processing industry is a plastic processing molding as the core, set into resin, additives, modified plastics, recycled plastics, plastic machinery and mold, intelligent system and other industries as one of the emerging manufacturing industry, is the main component of high-end polymer new materials industry, not only China's modern industrial system in the advanced manufacturing industry, but also people's livelihood industry. With the continuous improvement of the industrial level, the requirements of downstream customers for injection molding products will tend to be precision and functional diversification; At the same time, to expand the application scope and market penetration of injection molding products in advanced manufacturing and emerging fields in China, it is required that injection molding products enterprises enhance their research and development strength, achieve innovative breakthroughs in production technology and product processes, and take market demand as a guide to improve product quality and functional, precision level. In this situation, the supply and demand side of precision injection molding products in China will grow rapidly in the future.