Analysis of China's injection molding products market in 2022: The market size is expected to reach 562.4 billion yuan

I. Overview

Plastic products use plastic as the main raw material processing of life, industry and other supplies collectively, according to the different molding process, can be divided into injection molding, pressure molding, extrusion, blow molding, foaming and other process products, is widely used in industry, agriculture, construction, transportation, national defense military, aerospace and other fields.

Plastic products industry, also known as plastic processing industry, is one of the pillar industries of China's light industry, which is closely related to the development of China's national economy. According to the different processing technology and product segmentation areas, the plastic products industry can be divided into: plastic film manufacturing; Plastic plate, pipe, profile manufacturing; Plastic wire, rope and woven goods manufacturing; Foam manufacturing; Plastic artificial leather, synthetic leather manufacturing; Plastic packing box and container manufacturing; Manufacture of daily plastic products; Artificial turf manufacturing; Manufacture of plastic parts and other plastic products.

2. Development status

Modern industry realizes the optimization and integration of industrial resources by specialization and economic globalization. In this context, end-product manufacturers distribute the R&D and production of product parts to the upstream industrial chain according to the industrial division of labor, and more and more multinational enterprises have gradually established their own global supply chain system. At the same time, the professional division of labor also promotes the development of product diversification under the premise of ensuring the quality and stability of product parts supply, providing a good development opportunity for upstream injection molding manufacturers. In 2021, China's output of injection molding products reached 30.72 million tons, an increase of 1.77 million tons compared with 2020, an increase of 6.1%. It is expected that China's injection molding product output will reach 32.1 million tons in 2022.

As the most important part of the plastic processing industry, the injection molding industry not only provides products for automobiles, buildings, household appliances, food, medicine, etc., but also the most basic production mode of the entire plastic processing industry. There is reason to believe that the development prospects of the injection molding industry can be expected. On the one hand, as the largest traditional application field of injection molding, automobiles, home appliances and electronics still maintain strong demand and are the world's largest automotive market; The home appliance market is generally stable and has made progress, becoming the most important application field of injection molding products. On the other hand, the injection molding industry is constantly opening new market space, in 2021 China's demand for injection molding products reached 25.77 million tons, an increase of 1.47 million tons from 2020, an increase of 6.0%, is expected to 2022 China's demand for injection molding products will reach 26.91 million tons.

Plastic has the advantages of light weight, high strength, good toughness, easy molding processing and reusable, can be widely used in household appliances, automobiles, 3C products, medical equipment, packaging, aerospace and other fields, is one of the four major structural materials with metal, wood and cement. Under the background of building a circular economy and accelerating the process of new industrialization, plastics, as an important material to save resources, have been expanding their application fields, not only opening up new application fields in traditional industries, such as bioplastics in medical devices, artificial organs and other fields, but also playing an important role in strategic emerging industries. Such as the application of new special composite polymer materials in aerospace, new energy vehicles, high-speed rail vehicles, ocean engineering, information networks and high-end manufacturing industries. In recent years, the application field of injection molding parts has continued to expand, providing strong growth potential for the development of the injection molding industry.

With the continuous expansion of the downstream field, in recent years, China's injection molding products market size has risen year by year, in 2021, China's injection molding products market size reached 546.3 billion yuan, an increase of 23.8 billion yuan from 2020, an increase of 4.6%, it is expected that in 2022, China's injection molding products market size will reach 562.4 billion yuan.

Third, development trend

During the "14th Five-Year Plan" period, the high-quality development of manufacturing industry will become an important theme, and the promotion of traditional manufacturing technology innovation and digital transformation represented by the production of plastic and injection molding products will be the top priority, which is the guarantee of the whole society's food, clothing, housing and transportation, and the basis for the development of other industrial manufacturing industry. In addition, in order to implement the deployment requirements of "carbon peak" and "carbon neutrality", strengthen overall planning, explore ways and means, and promote green low-carbon transformation and industrial structure optimization and upgrading, the development of the injection molding industry will appear the following trends.