Plastics are widely used and are indispensable components in home appliances, automobiles, mobile phones, PCs, medical devices, and lighting equipment. With the sustained and stable growth of China's economy, industries such as home appliances, automobiles, mobile phones, PCs, and medical devices have benefited from a favorable external environment and achieved rapid development. The growth of downstream industries has further driven the demand for plastics. In 2010, there were 2,286 plastic parts manufacturing enterprises in China, an increase of 24.54% year-on-year; the sales revenue reached 106.125 billion yuan, an increase of 26.38% year-on-year.
During the 12th Five-Year Plan period, China's downstream industries such as automobiles, home appliances, consumer electronics, and medical devices will continue to maintain rapid development. The demand for plastic parts in these industries will continue to expand, and at the same time, the demand will also show a trend of high-end and precision. It is estimated that during the 12th Five-Year Plan period, the sales scale of China's plastic parts manufacturing industry will reach 170 billion yuan. According to China Investment Consulting, the technological innovation ability of China's plastic parts manufacturing industry has been further enhanced, and the number of enterprise technology research and development centers has been increasing continuously. The industrial structure, enterprise structure, and product structure have been constantly adjusted, and the industrial concentration has gradually upgraded. The overall advantages of the industry have been further enhanced and strengthened, and the gap with developed countries in the world is gradually narrowing. In some aspects, it has reached the world's advanced level and has entered a critical period of sustainable development from a major country to an advanced power. The plastic parts manufacturing industry in Jiangsu, Zhejiang, Shanghai, and Guangdong is booming. Whether in terms of the number of enterprises or production and sales scale, they are in the leading position in the country, and the regional concentration of the industry is relatively high. At the same time, domestic enterprises have also achieved rapid development, and the strength of leading enterprises has been further enhanced. However, at the same time, domestic enterprises are also optimistic about the domestic market and gradually increase investment. The entry of multinational companies such as Nippon Plastics, Hi-P International Group, and Annel Group has made the competition in the industry more intense.
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