China's injection molding machine output accounts for two-thirds of the world
After more than 50 years of development, China's plastics machinery industry has evolved from scratch, growing from small to large, and from being unknown to becoming a globally recognized force. Among all categories of plastic machinery, injection molding machines are the most significant. Their development has gained international recognition and admiration within the global plastics industry. Today, the Chinese injection molding machine industry stands out with seven remarkable features:
First, injection molding machines contribute the highest output value in China’s plastics sector. The three major types of plastics machinery—molding machines, extruders, and blow molding machines—account for over 80% of the total output value. Among them, injection molding machines alone make up more than 50% of that total.
Second, China leads the world in the annual output of injection molding machines. In 2006, global production reached 91,480 units, while China produced 57,600 units, making up 62.97% of the world's total. Ningbo alone produces about one-third of the world's annual output, making it the largest production hub for injection molding machines globally.
Third, the total output value of injection molding machines ranks third worldwide, first in Europe, and second in Japan.
Fourth, injection molding machines have become the leading category of plastic machinery exports from China. In 2006, they accounted for 54% of the total export volume of plastic machinery, playing a central role in the industry's overseas expansion.
Fifth, the growth rate of the injection molding machine industry is the fastest among all sectors. Since the new century, the average annual growth rate of China’s press industry has exceeded 20%, with injection molding machines consistently outpacing other segments.
Sixth, the technological gap between China’s injection molding machines and those of developed countries is the smallest. Thanks to accelerated scientific innovation and enhanced independent research capabilities, most Chinese injection molding machines now match the standards of the late 1980s, with some reaching the level of the 1990s and a few even achieving international leadership.
Lastly, the injection molding machine industry has achieved a breakthrough in branding. On September 11, 2007, China's plastics machinery industry won its first "China Top Branded Product" awards, with three of the medals going to injection molding machine products. This marks a significant milestone in the industry's journey toward global recognition.
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