Plastic Processing Machinery - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Plastic Processing Machinery Market is accounted for $34.46 billion in 2019 and is expected to reach $49.01 billion by 2027 growing at a CAGR of 4.5% during the forecast period. The shift in trend towards mechanized packaging for increased efficiency and developments in injection molding method are the major factors propelling the growth of the market. However, stringent product regulations are hampering the growth of the market.
Plastics have emerged to be an vital manufacturing and packaging element. Plastics exhibit superior properties such as flexibility, light-weight, low density, improved barrier resistance, durability, insulation, energy-saving, enhanced weathering, and aesthetic appeal. The growth in demand for plastics has led to an increase in the trend of plastic processing across the industrial and packaging sectors. Various types of plastics are processed through various processing machines in the manufacturing process. Owing to toxin resistant and contaminant-free factors, plastics processing gains an increase in traction across packaging industries thereby fuelling the growth of the global plastics processing machinery market. These factors have widened the application extent of processing machinery. Advancements in molding technology have led to the expansion of complex components such as joints, structural components, brake components, housing units, fuel tanks, suspensions and engine frames.
Based on the product, the injection molding machine segment is going to have a lucrative growth during the forecast period due to the development of numerous hybrid high-performance versions in the past few years owing to technological advancements in processing techniques. Companies increasingly prefer this processing owing to numerous benefits including low scrap rates, low production cost, high efficiency, enhanced strength and ability to use multiple types simultaneously. These machines are broadly utilized in various automotive applications as well, increasingly being used to manufacture automotive components such as bumpers, interior panels, dashboards, electrical housing components and external body panels.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to government efforts in emerging economies to increase foreign direct investment and integration with other economies. Strong expansion in the automotive sector and increased construction expenses for infrastructure up-gradation could also boost plastic processing machinery demand in the region.
Some of the key players profiled in the Plastic Processing Machinery Market include Arburg GmbH, Brown Machine LLC, Chen Hsong Holdings Limited, Crown Machines, Graham Engineering, Haitan International Holdings Ltd, Husky Injection Molding Systems, Lyle Industries, Milacron Holdings Corporation, Negri Bossi S.P.A, Ningbo Haida Plastic Machinery, Persimmon Technologies Corporation, Sumitomo Heavy Industries, Ltd, The Japan Steel Works, Ltd, and Toshiba Machine.
• Injection Molding Machine
• Blow Molding Machine
• Compression Molding Machine
• Extrusion Molding Machine
• Rotational Molding Machine
• Thermoforming Machinery
• 3D Plastics Printers
Plastic Types Covered:
• Polyvinyl Chloride (PVC)
• Polypropylene Random Copolymer
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Polystyrene (PS)
• Polyurethane (PUR)
Process Types Covered:
• Fully Automatic
Factory Types Covered:
End Users Covered:
• Consumer Goods
• Building & Construction
• White Goods
• Electrical & Electronics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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