What are the Historical Developments and Current Growth Metrics of the Plastic Processing Auxiliary Equipment Market?
The plastic processing auxiliary equipment market has seen considerable growth due to a variety of factors.
•In the past few years, the market size for plastic processing auxiliary equipment has seen consistent growth. The market is expected to expand from $7.26 billion in 2024 to $7.5 billion in 2025, with a compound annual growth rate (CAGR) of 3.3%.
The expansion during the historical period can be traced back to factors like the surge in the plastic manufacturing industry, worldwide spread of plastic production, adherence to regulatory standards and safety measures, the rise in the packaging industry, and initiatives towards recycling.
What Does Future Hold for The Plastic Processing Auxiliary Equipment Market Size?
The plastic processing auxiliary equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market of auxiliary equipment for plastic processing is set to experience consistent growth in the coming years, forecasted to expand to $9 billion by 2029 with a compound annual growth rate (CAGR) of 4.7%.
Factors contributing to this increase during the prediction period include the emphasis on energy efficiency, development in material handling, the surge of 3D printing in the plastic industry, the demand for eco-friendly practices, research and development initiatives in materials science, and resilience in global supply chains. Other notable trends during this period are expected to be remote maintenance and diagnostics, compact and modular equipment designs, adaptability for varying applications, the use of automation and robotics, and integration with Industry 4.0.
What Key Factors and Trends are Driving the Growth of the Plastic Processing Auxiliary Equipment Market?
The continued increase in the need for plastic processing auxiliary equipment is anticipated to fuel the plastic processing auxiliary equipment market's expansion. Plastic equipment is machinery utilized in the manufacture and processing of plastic goods. Plastic processing auxiliary equipment plays a crucial role in various production lines to enhance product quality, boost strength, and aid extrusion, injection molding, or machine molding processes. For example, the Plastics Industry Association's (PLASTICS) Committee's Equipment Statistics (CES) report from a US-based committee in March 2023 demonstrated a 22.3% rise in plastics machinery shipments in North America during the last quarter of 2022, totaling $432.7 million. This marked an overall increase of 4.4% versus 2021. The most dramatic growth was reported in the single-screw extruders' value, surging by 34.6%, trailed by a 25.0% surge in injection molding shipments. Shipments of twin-screw extruders escalated by 8.9%. Consequently, the escalating demand for plastic processing equipment serves as a critical driver propelling the advancement of the plastic processing auxiliary equipment market in the future.
What are the Market Segments in the Plastic Processing Auxiliary Equipment Market?
The plastic processing auxiliary equipment market covered in this report is segmented –
1) By Type: Conveying Equipment, Extrusion Equipment, Blending Equipment, Drying Equipment, Heat Transfer Equipment, Plastic Processing Robots, Size Reduction Equipment, Material Storage Equipment, Other equipment
2) By Molding Technique: Injection Technique, Blow Technique, Extrusion Technique, Compression Technique, Other Molding Techniques
3) By Application: Food, Pharmaceutical, Automobile, Other Applications
Subsegments:
1) By Conveying Equipment: Belt Conveyors, Screw Conveyors, Pneumatic Conveyors, Bucket Elevators
2) By Extrusion Equipment: Single-Screw Extruders, Twin-Screw Extruders, Pipe And Profile Extruders, Sheet Extruders
3) By Blending Equipment: Batch Mixers, Continuous Mixers, Gravimetric Blenders, Non-Gravimetric Blenders
4) By Drying Equipment: Dehumidifying Dryers, Hot Air Dryers, Vacuum Dryers, Hopper Dryers
5) By Heat Transfer Equipment: Heat Exchangers, Water-Cooled Chillers, Oil Heaters, Thermal Controllers
6) By Plastic Processing Robots: Articulated Robots, SCARA Robots, Delta Robots, Collaborative Robots
7) By Size Reduction Equipment: Granulators, Shredders, Pulverizers, Crushers, Hammer Mills
8) By Material Storage Equipment: Silos, Bins, Hoppers, Tote Bins, Bulk Storage Systems
9) By Other Equipment: Mixing Stations, Dosing And Weighing Systems, Degassing Systems, Vacuum Loading Systems, Material Handling Equipment
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What Trends are Shaping the Plastic Processing Auxiliary Equipment Market?
The emergence of cutting-edge technologies is a key trend currently gaining traction in the plastic processing auxiliary equipment market. To maintain their lead, organizations operating in this domain are rolling out sophisticated products leveraging artificial intelligence. For instance, in October 2022, a heavy machinery and electronics components manufacturer from South Korea, LS Mtron Co Ltd., introduced AI Molding Assistant and Smart Weight Control, both of which are AI-driven smart injection systems. The AI Molding Assistant employes AI to imitate skilled molding experts' behaviors, thus decreasing the stabilization time for the initial molding setup process. On the other hand, Smart Weight Control detects alterations in product weight and adjusts processing conditions in real-time, ensuring that specifications are adhered to accurately.
Who Are the Key Players in the Plastic Processing Auxiliary Equipment Market?
Major companies operating in the plastic processing auxiliary equipment market include:
• Piovan Group
• Shibaura Machine Co. Ltd.
•Wittmann Technology GmbH
• Woywod Kunststoffmaschinen GmbH & Co. Vertriebs-KG
• Kawata Mfg Co. Ltd.
• Bry-Air Pvt. Ltd.
• Reynold India Pvt. Ltd.
• Maillefer SA
• Moretto SpA
• Matsui America Inc.
• Novatec Inc.
• Werner Koch Maschinentechnik GmbH
• Absolute Haitian Corporation
• Guanxin Plastic Machinery Co. Ltd.
• Vector Injection Ltd.
• Plastic Systems Srl
• Motan Group
• Pinnacle Systems Inc.
• ACS Group
• Conair Group
• PMS Plastics cc
• Maguire Products Inc.
• Comet Plastic Equipment LLC
• Plastrac Inc.
• Gammaflux L.P.
• Coperion GmbH
• Labotek A/S
• Sterling Auxiliaries Pvt. Ltd.
• Universal Dynamics Inc.
• Davis Standard LLC
What are the Regional Insights into the Plastic Processing Auxiliary Equipment Market?
Asia-Pacific was the largest region in the plastic processing auxiliary equipment market in 2024. The regions covered in the plastic processing auxiliary equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
