According to the "Brief Report on the Operation of the Hollow Products Industry" released by the Hollow Products Special Committee in the past two years in 2022 and 2023, the proportion of enterprises with negative sales growth among blow molding machine manufacturers is 62.5% and 50% respectively, which indirectly indicates that the overall market demand continues to have a weak recovery trend. Manufacturing enterprises are adopting a wait-and-see attitude towards the future prospects and lack investment motivation.

For the future market situation, some companies believe that the industry will still be in a stable development trend in the next three years. What we see is the benefits brought by device updates.

MEPER blow molding stated that based on customer demand, the industry is currently in a period of equipment upgrades. Product companies themselves have demands for product quality, energy consumption, and other factors. On the other hand, brand owners also have functional requirements for their products, which creates new demands.

MEPER blow molding said, "The market and customers are growing, and there is an increasing demand for product quality upgrades. Low end equipment cannot meet existing needs in terms of performance and production capacity, so it is necessary to upgrade equipment to replace existing equipment.