What Has Been the Growth of the Plastic Processing Machinery Market So Far?
The plastic processing machinery market has seen considerable growth due to a variety of factors.
•The market size of plastic processing machinery has seen considerable growth in the past few years. The value is predicted to rise from $38.71 billion in 2024 to $40.88 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%.
The surge noted in the historical period can be ascribed to a heightened demand for plastic goods, globalisation and the integration of supply chains, adherence to regulatory standards, cost effectiveness and increased productivity, as well as concerns for the environment.
What Are the Future Growth Projections for the Plastic Processing Machinery Market?
The plastic processing machinery market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a sturdy expansion of the plastic processing machinery market size in the forthcoming years. The market has the potential to escalate to "$52.51 billion by 2029, registering a compound annual growth rate (CAGR) of 6.5%.
The projected growth over this forecast period can be ascribed to industry 40 consolidation, increased focus on circular economies, customizations, and adaptability, in addition to the rise in R&D investments, e-commerce and packaging trends, and the shift towards bioplastics. Popular trends during the forecast period are expected to be technological evolution, sustainable processes, global supply chain interruptions, circular economy measures, and customizability.
What Factors Are Driving Growth In The Plastic Processing Machinery Market?
The surge in demand for items made from plastic is anticipated to drive the expansion of the plastic processing machinery sector. The term "plastic products" encompasses a range of finished goods created from a variety of organic compounds that have undergone polymerization. Machinery used in plastic processing is employed to produce an extensive array of plastic goods, including but not limited to medical devices, household items, plastic receptacles, automobile components, packing materials, and products for consumers. For example, Plastics Europe, a European trade organization located in Belgium, reported that the global production of plastic rose from 394 Mt in 2021 to 400.3 Mt in 2022. Consequently, this rise in the need for plastic items is accelerating the expansion of the plastic processing machinery industry.
What Are The Main Segments Of The Global Plastic Processing Machinery Market?
The plastic processing machinery market covered in this report 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
Subsegments:
1) By Injection Molding Machinery: Standard Injection Molding Machines, All-Electric Injection Molding Machines, Hydraulic Injection Molding Machines, Multi-Component Injection Molding Machines
2) By Blow Molding Machinery: Extrusion Blow Molding Machines, Injection Blow Molding Machines, Stretch Blow Molding Machines
3) By Extrusion Machinery: Single-Screw Extruders, Twin-Screw Extruders, Sheet And Film Extruders, Pipe Extruders
4) By Thermoforming Machinery: Vacuum Thermoforming Machines, Pressure Thermoforming Machines, Blister Packaging Machines
5) By 3D Plastic Printers: Fused Deposition Modeling (FDM) Printers, Stereolithography (SLA) Printers, Selective Laser Sintering (SLS) Printers
6) By Other Types: Rotational Molding Machines, Compression Molding Machines, Resin Transfer Molding (RTM) Machines, Other Specialty Plastic Processing Machinery
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What Emerging Trends Are Influencing The Growth Of The Plastic Processing Machinery Market?
The integration of innovative technology is a prevailing trend observed in the plastic processing machinery market. Firms in this field are leveraging cutting-edge tech to maintain their relevance in the market. For instance, LS Mtron, a heavy machinery manufacturer from South Korea, introduced an AI-integrated injection molding system in August 2022. This system boasts two key features - an AI molding assistant and smart weight control. The former reduces the need for stabilization time during the initial stages of molding, while the latter aids in detecting alterations in product weight.
Who Are the Key Players in the Plastic Processing Machinery Market?
Major companies operating in the plastic processing machinery market include:
• Husky Injection Molding Systems Ltd.
• Milacron LLC
• Engel Austria GmbH
• Haitian International Holdings Limited
• Sumitomo Heavy Industries Ltd.
• Arburg GmbH & Co KG
• Toshiba Machine Co Ltd.
• Nissei Plastic Industrial Co Ltd.
• Niigata Machine Techno Company Ltd.
• COSMO MACHINERY Co LTD.
• Wilmington Machinery Incorporated
• KraussMaffei Corporation
• Ningbo Haida Plastic Machinery Co Ltd.
• Shibaura Machine Co Ltd.
• JSW Plastics Machinery Inc.
• Chen Hsong Holdings Limited
• Wittmann Battenfeld GmbH
• Negri Bossi SpA
• Mitsubishi Heavy Industries Plastic Technology Co Ltd.
• Cosmos Machinery Enterprises Limited
• Fu Chun Shin Machinery Manufacture Co Ltd.
• Woojin Plaimm Co Ltd.
• Toyo Machinery & Metal Co Ltd.
• Chen De Plastics Machinery Co Ltd.
• L.K. Machinery International Limited
• Sidel S.A.S.
• Krones AG
• Hi-Rel Plastics & Molding Inc.
• Molded Devices Inc.
• Valencia Plastics Inc.
• Maryland Plastics Inc.
• Accent Plastics Inc.
• Accudyn Products Inc.
• Accurate Molded Plastics Inc.
• Acorn-Gencon Plastics Inc.
• Adkev Inc.
• Advanced Engineering & Molding Technology Inc.
• Advanced Special Tools Inc.
• Agape Plastics Inc.
• Aline Components Inc.
• All Form Silicone & Plastic Molding Inc.
• All-Plastics LLC
• All-State Plastics Inc.
• Alliance Precision Plastics Inc.
What Is The Most Dominant Region In The Plastic Processing Machinery Market?
North America was the largest region in the plastic processing machinery market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global plastic processing machinery market report during the forecast period. The regions covered in the plastic processing machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
