YIXIN SCREW

After decades of rapid development, China's plastic products industry has undergone tremendous changes. Especially in recent years, China's plastic products industry has been continuously developing in the process of industrial structure adjustment, transformation and upgrading, maintaining a rapid development trend. Both production and sales volume rank first in the world, among which the output of plastic products accounts for about 20% of the world's total output.

The number of large-scale enterprises in China's plastic processing industry increased from 12,963 in 2011 to 15,350 in 2017. While market competition intensified, the industry concentration was further enhanced. During the same period, the main business income of enterprises above designated size increased from 1,558.374 billion yuan to 2,280.836 billion yuan, with a compound annual growth rate of 7.93%.

In 2017, the total main business income of large-scale enterprises in the national plastic products industry reached 2,280.8 billion yuan, increasing by 6.74% year-on-year. The growth rate was 0.63 percentage points higher than that of the same period of the previous year.

In 2017, the revenue scale of China's plastic products manufacturing market reached 2.44 trillion yuan. With the gradual maturation of the plastic industry and the improvement of the precision of plastic products, it is expected that the revenue scale of China's plastic products manufacturing market will exceed 3 trillion yuan in 2023.