USD 32.02 billion
Global Plastic Processing Machinery Market Size, Share, Growth Analysis, By Machinery(Injection molding machines, extrusion machines), By End user(Packaging, automotive) - Industry Forecast 2024-2031
Report ID:
SQMIG20I2184 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
67 |
Figures:
75
Global Plastic Processing Machinery Market Insights
Plastic Processing Machinery Market size was valued at USD 32.02 billion in 2022 and is poised to grow from USD 33.57 billion in 2023 to USD 46.77 billion by 2030, at a CAGR of 4.85% during the forecast period (2023-2030).
The global plastic processing machinery market has witnessed significant growth in recent years. This growth can be attributed to the increasing demand for plastic products across various industries such as packaging, automotive, construction, and healthcare.
The rising population, urbanization, and disposable income levels have further fueled the demand for plastic products, thereby driving the need for plastic processing machinery. Technological advancements, such as the development of advanced injection molding and extrusion techniques, have also contributed to market growth.
Additionally, the growing emphasis on sustainability and the adoption of eco-friendly materials are expected to shape the future of the plastic processing machinery market.
Automation and digitization are revolutionizing the industry, with advancements such as smart machinery, IoT integration, and AI-driven automation systems. There is a rising emphasis on efficiency and productivity, leading to the development of high-performance machinery and innovative processing techniques.
US Plastic Processing Machinery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
packaging
Fastest Growth
packaging
Growth Rate
4.85% CAGR
Global Plastic Processing Machinery Market by region
Country Share for North America (%)
Global Plastic Processing Machinery Market by end-user
Global Plastic Processing Machinery Market by end-user
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Global Plastic Processing Machinery Market Segmental Analysis
The global plastic processing machinery market can be analyzed based on machinery, end use, and region. In terms of machinery type, the market can be categorized into injection molding machines, extrusion machines, blow molding machines, and others. The market can be segmented by end-use industry into packaging, automotive, construction, consumer goods, healthcare, and others. The market can be divided into various regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Plastic Processing Machinery Market Analysis By Machinery
Among the various segments, the largest sector in the global plastic processing machinery market is the injection molding machines segment. Injection molding is widely used in various industries, including automotive, packaging, consumer goods, and electronics, for manufacturing a wide range of plastic products. The process offers high production efficiency, accuracy, and the ability to produce complex shapes, making it a preferred choice for mass production.
In terms of the fastest-growing sector, the extrusion machines segment has been witnessing significant growth. The demand for plastic extrusion machinery is driven by the growing construction industry, which requires plastic pipes, profiles, and sheets for applications such as water supply, infrastructure development, and building materials. Additionally, the packaging industry's need for plastic films and sheets for flexible packaging solutions also contributes to the growth of the extrusion machines segment. It's worth noting that the plastic processing machinery market is influenced by various factors, including technological advancements, increasing automation, demand for sustainable solutions, and regional market dynamics. Therefore, market trends and growth rates may vary across different regions and time periods.
Plastic Processing Machinery Market Analysis By End User
The packaging industry has consistently been one of the largest end users of plastic processing machinery globally. The demand for plastic packaging materials continues to rise due to increased consumption of packaged food and beverages, changing lifestyle patterns, and the growing e-commerce sector.
The fastest-growing sector within the plastic processing machinery market can be attributed to the automotive industry. The automotive sector has witnessed a shift towards lightweight materials, including plastic components, to enhance fuel efficiency and reduce carbon emissions. The adoption of electric vehicles and the increasing focus on autonomous vehicles have further propelled the demand for plastic processing machinery in the automotive sector.
Global Plastic Processing Machinery Market by end-user, 2023 (%)
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Global Plastic Processing Machinery Market Regional Insights
Asia Pacific remains the dominant region in terms of market share, driven by the rapid industrialization and infrastructure development in countries like China and India.
North America and Europe follow closely, supported by the presence of well-established manufacturing industries and technological advancements.
Latin America and the Middle East and Africa regions are experiencing steady growth, fueled by the rising demand for plastic products and the expansion of the packaging and automotive sectors.
Global Plastic Processing Machinery Market by geography, 2024-2031
- Largest
- Fastest
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Global Plastic Processing Machinery Market Dynamics
Plastic Processing Machinery Market Drivers
Innovations due to Trending Eco-Friendly Packaging
- One of the key drivers of the global plastic processing machinery market is the increasing demand for plastic products across various industries. The widespread use of plastics in packaging, automotive, construction, and consumer goods sectors has created a significant need for efficient plastic processing machinery. Additionally, advancements in technology and automation have improved the productivity and efficiency of plastic processing equipment, driving market growth.
- The rising focus on sustainable and eco-friendly plastics has led to the development of innovative processing machinery that enables recycling and use of bio-based materials. These factors, along with the expanding global plastic industry, are expected to propel the growth of the plastic processing machinery market in the coming years.
Plastic Processing Machinery Market Restraints
Detrimental Effects of Plastic Usage
- One of the key restraints in the global plastic processing machinery market is the environmental concerns associated with plastic waste and pollution. The increasing awareness about the detrimental impact of plastics on the environment has led to stricter regulations and initiatives to reduce plastic usage and promote recycling. This has created a challenging environment for the plastic processing machinery market, as there is a growing demand for sustainable alternatives to plastic.
- The high cost of plastic processing machinery and the need for regular maintenance and technological upgrades pose challenges for market growth. Manufacturers are now under pressure to develop eco-friendly solutions and adopt sustainable practices to overcome these restraints.
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Global Plastic Processing Machinery Market Competitive Landscape
The global plastic processing machinery market is highly competitive and comprises several key players. These companies are engaged in intense competition, focusing on product innovation, technological advancements, and strategic partnerships to gain a competitive edge. They also emphasize expanding their product portfolios, improving manufacturing capabilities, and strengthening their distribution networks to cater to the growing demand for plastic processing machinery across various industries worldwide. Overall, the market is characterized by robust competition and a constant drive for innovation among the leading players.
Plastic Processing Machinery Market Top Player’s Company Profiles
- Arburg GmbH + Co KG (Germany)
- Husky Injection Molding Systems Ltd. (Canada)
- KraussMaffei Group GmbH (Germany)
- Sumitomo Heavy Industries Ltd. (Japan)
- Haitian International Holdings Limited (China)
- Engel Austria GmbH (Austria)
- Milacron Holdings Corp. (United States)
- Wittmann Battenfeld Group (Austria)
- Nissei Plastic Industrial Co., Ltd. (Japan)
- Toshiba Machine Co., Ltd. (Japan)
- Negri Bossi S.p.A. (Italy)
- Demag Plastics Group (Germany)
- Davis-Standard, LLC (United States)
- Fanuc Corporation (Japan)
- Chen Hsong Holdings Limited (Hong Kong)
- JSW Plastics Machinery, Inc. (Japan)
- Krones AG (Germany)
- Amcor Limited (Australia)
- Coperion GmbH (Germany)
- Battenfeld-Cincinnati Group (Austria)
Plastic Processing Machinery Market Recent Developments
- In June 2022, Austrian injection molding equipment manufacturer and system solution provider ENGEL increased its market position in North Africa. Algeria, Tunisia, and Morocco all provide vibrant environments for the production of injection molds.
- In May 2022, Husky Technologies announced their revolutionary HyPET HPP5e Recycled Melt to PreformTM (RTMP) system, which facilitates the distribution of fundamental commodities to the global community.
Global Plastic Processing Machinery Key Market Trends
- There is a growing demand for sustainable and eco-friendly plastic processing machinery, driven by increasing environmental concerns and regulations.
- The market is witnessing a shift towards customized machinery solutions to meet specific industry requirements. Overall, these trends highlight the industry's focus on sustainability, technological advancements, and customer-centric solutions.
Global Plastic Processing Machinery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the future prospects for the global plastic processing machinery market are promising, with several factors driving its growth. The increasing demand for plastic products across various industries, such as packaging, automotive, electronics, and construction, is expected to fuel the market's expansion. Manufacturers are focusing on incorporating automation, artificial intelligence, and Internet of Things (IoT) capabilities into their machinery, enhancing production efficiency and reducing costs. Overall, the global plastic processing machinery market is poised for significant expansion in the coming years, driven by the growing demand for plastic products, advancements in technology, and expanding industrial sectors.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 32.02 billion |
| Market size value in 2031 | USD 46.77 billion |
| Growth Rate | 4.85% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Plastic Processing Machinery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Plastic Processing Machinery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Plastic Processing Machinery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Plastic Processing Machinery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Plastic Processing Machinery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Plastic Processing Machinery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Plastic Processing Machinery Market Report Snapshots
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