Overview and Scope
Plastic processing auxiliary equipment refers to a broad category of machinery and devices that support the plastic processing industry. Plastic processing auxiliary equipment is used in various processing lines to optimize production, ensure high-quality products, and support the extrusion, injection molding, or blow molding process.
Sizing and Forecast
The plastic processing auxiliary equipment market size has grown steadily in recent years. It will grow from $7.06 billion in 2023 to $7.31 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to increased plastic manufacturing industry, globalization of plastic production, regulatory compliance and safety, packaging industry growth, recycling initiatives.
The plastic processing auxiliary equipment market size is expected to see steady growth in the next few years. It will grow to $8.54 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to focus on energy efficiency, advanced material processing, expansion of 3d printing in plastics, demand for sustainable practices, r&d in materials science, global supply chain resilience. Major trends in the forecast period include remote maintenance and diagnostics, compact and modular designs, customization for diverse applications, automation and robotics, industry 4.0 integration.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the plastic processing auxiliary equipment market in 2023. 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
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Major Driver Impacting Market Growth
The growing demand for plastic processing auxiliary equipment is expected to propel the growth of the plastic processing auxiliary equipment market going forward. Plastic equipment refers to machinery used for manufacturing and processing plastic products. Plastic processing auxiliary equipment is essential in various production lines to improve product quality, increase strength, and support extrusion, injection molding, or machine molding processes. For instance, in March 2023, the Plastics Industry Association’s (PLASTICS) Committee’s Equipment Statistics (CES) report, a US-based committee, revealed that in the fourth quarter of 2022, the shipments of plastics machinery in North America rose by 22.3%, amounting to $432.7 million. This was an overall increase of 4.4% compared to 2021. The most significant increase was in the value of single-screw extruders, which rose by 34.6%, followed by injection molding shipments which increased by 25.0%. Twin-screw extruder shipments increased by 8.9%. Therefore, the growing demand for plastic processing equipment is driving the growth of the plastic processing auxiliary equipment market going forward.
Key Industry Players
Major companies operating in the plastic processing auxiliary equipment market report are 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
The plastic processing auxiliary equipment market report table of contents includes:
- Executive Summary
- Plastic Processing Auxiliary Market Characteristics
- Plastic Processing Auxiliary Market Trends And Strategies
- Plastic Processing Auxiliary Market – Macro Economic Scenario
- Global Plastic Processing Auxiliary Market Size and Growth
- Plastic Processing Auxiliary Market Segmentation
- Plastic Processing Auxiliary Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Plastic Processing Auxiliary Market
- Plastic Processing Auxiliary Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Plastic Processing Auxiliary Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Plastic Processing Auxiliary Market, Segmentation By Molding Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Plastic Processing Auxiliary Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Piovan Group Financial Performance
Table 75: Shibaura Machine Co. Ltd. Financial Performance
Table 76: Wittmann Technology GmbH Financial Performance
Table 77: Woywod Kunststoffmaschinen GmbH & Co. Vertriebs-KG Financial Performance
Table 78: Kawata Mfg. Co. Ltd. Financial Performance
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