The feed screw barrel market has demonstrated strong growth, increasing from $1.63 billion in 2023 to $1.75 billion in 2024, with a CAGR of 7.3%. This rise is driven by the expanding packaging industry and increasing demand for consumer electronics. The market is projected to reach $2.35 billion by 2028 at a CAGR of 7.6%. Key trends include technological advancements and the growing use of recycled materials in production.
Major Driver In The Feed Screw Barrel Market
The expanding plastic industry is expected to boost the feed screw barrel market significantly. With increasing demand for plastic products across various sectors, the industry is experiencing robust growth. Feed screw barrels are essential components in the extrusion and injection molding processes of the plastic industry. According to the British Plastics Federation, the UK's plastic products manufacturing industry grew from £20.19 billion ($26.25 billion) in 2020 to £22.01 billion ($28.61 billion) in 2021. Therefore, the growth of the plastic industry is propelling the feed screw barrel market forward.
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Feed Screw Barrel Market Competitive Landscape
Spirex Corporation, Milacron LLC, Windsor FeedScrews Inc., Entek International, Battenfeld-Cincinnati, Xaloy Inc., Wenger Manufacturing Inc., Hi-Tech Industries, Dynisco, Euro Tech Machinery, Reiloy USA, ADG Solutions Inc., Wexco Industries, W-J Incorporated, TWS. ltd, Concor Tool and Machine Inc., Precision Feedscrews Inc, American Screw and Barrel Inc., Raj Engineering Works, Candian Feed Screws Mfg.Ltd., TIR Feed Screws and Barrels, Cpm Extricom Extrusion Gmbh, Flite Technology, United Feed Screws, Rauwendaal Extrusion Engineering Inc., BR Engineering Works
Key Feed Screw Barrel Market Trend
The feed screw barrels market is witnessing advancements through the development of innovative extrusion technologies aimed at improving product quality. CPM Extricom Extrusion GmbH, a Germany-based manufacturer, introduced a new twin-screw extruder system in June 2024. This system features precision control, modular design for scalability, and high-efficiency processing capabilities. These enhancements are designed to optimize production efficiency and ensure high-quality output, responding to the evolving needs of the industry.
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Feed Screw Barrel Market Segmentation
The feed screw barrel market covered in this report is segmented –
1) By Product Type: Single Flight Screw Barrel, Double Flight Screw Barrel, Barrier Screw Barrel, Vented Screw Barrel
2) By Material: Bimetallic, Nitride, Alloy Steel, Other Materials
3) By Application: Extrusion, Injection Molding, Blow Molding, Compounding
4) By End-Use Industry: Plastics Processing, Food And Beverage, Chemical Processing
By Geography:The regions covered in the feed screw barrel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the feed screw barrel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Feed Screw Barrel Global Market Report 2024 furnishes information about the global feed screw barrel market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
