Plastic Processing Equipment Manufacturing in China - Industry Market Research Report

Over the five years through 2023, revenue for the Plastic Processing Equipment Manufacturing industry is expected to increase at an annualized 2.3%, to total $12.2 billion, including an decrease of 1.4% in the current year. Various types of machinery and devices used in the plastic processing industry are called plastic processing equipment. With the rapid expansion of the application range of plastic products, plastic processing equipment has become an important type of production equipment. Revenue growth has fluctuated over the past five years. Revenue growth has been boosted by increasing export growth, the advancement of systems and technology, overall economy growth and steady growth in downstream industries. Declining costs of raw materials like iron and steel have also aided industry revenue growth. Profit margins accounted for 8.2% of industry revenue in 2023. The industry manufactures various kinds of special plastic processing machinery and equipment. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.