Global Plastic Processing Machinery Market

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 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

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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 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. '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)'

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.

There is a growing demand for sustainable and eco-friendly plastic processing machinery, driven by increasing environmental concerns and regulations.

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.

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