Global Plastic Processing Machinery Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
3 Jul, 2023
The global plastic processing machinery market size is expected to grow from $35.21 billion in 2022 to $37.00 billion in 2023 at a compound annual growth rate (CAGR) of 5.10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global plastic processing machinery market size is expected to reach $45.93 billion in 2027 at a CAGR of 5.55%.
Global Plastic Processing Machinery Market Key Driver
The rising demand for plastic products is projected to boost the plastic processing machines industry ahead. Plastic products are final items formed from diverse organic compounds that are produced during the polymerization of plastic ingredients. Medical equipment, housewares, plastic containers, automobile parts, packaging materials, and consumer goods are all manufactured using plastic processing technology.
Get a sample of the global plastic processing machinery market reportGlobal Plastic Processing Machinery Market Segments
The global plastic processing machinery market is segmented:
1) By Type: Injection Molding Machinery, Blow Molding Machinery, Extrusion Machinery, Thermoforming Machinery, 3D Plastic Printers, Other Types,
2) By Plastic Type: Polypropylene (PP), Polyethylene (PE), Polyurethane (PUR), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS)
3) By End User Industries: Packaging, Consumer Products, Construction, Automotive, Other End User Industries
4) By Geography: The regions covered in the plastic processing machinery market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global plastic processing machinery market.
Major Plastic Processing Machinery Industry Players
Husky Injection Molding Systems Ltd., Milacron LLC, Engel Austria Gmbh, Haitian International Holdings Limited, Sumitomo Heavy Industries Ltd., Arburg GmbH & Co., Toshiba Machine Co. Ltd., Nissei Plastic Industrial Co. Ltd, Niigata Machine Techno Company Ltd., COSMO Machinery Co. Ltd., Wilmington Machinery Incorporated., Krauss-Maffei Corporation, Ningbo Haida Plastic Machinery Co. Ltd., Shibaura Machine CO. LTD
Get the full global plastic processing machinery market report
Plastic Processing Machinery Market Overview
Plastic processing machinery refers to machines and equipment used in the manufacturing and processing of plastic products. These machines are used to transform raw plastic materials into finished products that can be used in a wide range of applications.
Plastic Processing Machinery Global Market Report 2023 provides data on the global plastic processing machinery market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The plastic processing machinery market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.