After decades of rapid development, China's plastic products industry has undergone tremendous changes, maintaining rapid development in industrial restructuring, transformation and upgrading, with production and sales ranking first in the world, of which plastic products account for the world's total output. The proportion is about 20%. In 2017, China's plastic products manufacturing market revenue reached 2.44 trillion yuan. As the plastics industry matures and the precision of plastic products increases, it is expected that the revenue of China's plastic products manufacturing market will exceed 3 trillion yuan in 2023.

Consumption upgrades bring broad space to the plastics industry

In 2017, the cumulative output of the national plastic products industry was 75,155,400 tons, an increase of 3.44% year-on-year, and the growth rate was 0.78 percentage points higher than the same period of the previous year. The main revenue reached 2.28 trillion yuan, a year-on-year increase of 6.74%. The profit was 135.468 billion yuan, a year-on-year increase of 4.81%. The main profit margin was 5.94%, and the export value was 62.729 billion US dollars, an increase of 8.62%. The data shows that the profit growth rate in 2017 is lower than the growth rate of the main business, indicating that the industry's profitability has been challenged.

Convergence development will become the main trend of the plastics industry in the future

In the future, with the advancement of society and the development of science and technology, the plastics processing industry is transforming from traditional industries to modern manufacturing. The plastics processing industry and modern advanced scientific and technological achievements are mutually infiltrating, intertwined and integrated, and then form more vitality and competition. The new industrial form of force is an important development direction and an inevitable development path. The main performance is three aspects:

First, the integration of intelligent manufacturing technology to improve the efficiency of enterprise production. Like the plastics processing industry, the operation is relatively simple, and the robot can be used on a large scale in the future, which is good for us to stabilize the quality and reduce the cost. Many companies are trying, we say that smart manufacturing will become a trend in the future.

Second, the integration of e-commerce data mining to achieve accurate product marketing. Through the data analysis of consumer goods, the production of products is more oriented.

Third, integrate industrial chain innovation and build a high-end value system. From petroleum resin to plastic products, we will jointly promote innovation in the industrial chain and build a high-end value system so that everyone can benefit from it.

Founded in 2003, Jiangsu Hongmei Masterbatch Co., Ltd. is located in Changzhou National High-tech Development Zone. It is an early enterprise engaged in R&D, production, sales and service of plastic masterbatch.

After more than ten years of steady development, Jiangsu Hongmei Masterbatch Co., Ltd.  is currently a large polyolefin masterbatch manufacturer in East China, and its business scale ranks among the top in the domestic industry.

In 2017, Jiangsu Hongmei Masterbatch Co., Ltd.  was listed on the New Third Board. Securities abbreviation: Hongmei color mother, stock code: 871968.