The Business Research Company’s report on the Plastic Processing Machinery Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the plastic processing machinery market?
The growth in demand for plastic products is expected to propel the growth of the plastic processing machinery market going forward. Plastic products refer to finished items made from various organic compounds produced by the polymerization of plastic materials. Plastic processing machinery is used to manufacture a wide range of plastic products, such as medical equipment, housewares, plastic containers, automotive parts, packaging materials, and consumer goods. For instance, in 2023, according to Plastics Europe, a Belgium-based European trade association, world plastics production increased from 394 Mt in 2021 to 400.3 Mt in 2022. Therefore, the growth in demand for plastic products is driving the growth of the plastic processing machinery market.
Access Your Free Sample of the Global Plastic Processing Machinery Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10144&type=smp
How has the plastic processing machinery market size evolved, and what are the latest forecasts for its expansion?
The plastic processing machinery market size has grown strongly in recent years. It will grow from$38.71 billion in 2024 to $40.88 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increased demand for plastic products, globalization and supply chain integration, regulatory standards and compliance, cost efficiency and productivity, environmental concerns
The plastic processing machinery market size is expected to see strong growth in the next few years. It will grow to “$52.51 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to industry 40 integration, growing emphasis on circular economy, customization and flexibility, rising investments in research and development, e-commerce and packaging trends, shift towards bioplastics. Major trends in the forecast period include technological advancements, sustainable practices, global supply chain disruptions, circular economy initiatives, customization and flexibility.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=10144&type=smp
Which major companies dominate 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 trends will shape the future of the plastic processing auxiliary equipment market?
Technological advancements are a key trend gaining popularity in the plastic processing machinery market. Companies operating in the plastic processing machinery market are adopting new technologies to sustain their position in the market. For instance, in August 2022, LS Mtron, a South Korea-based heavy machinery manufacturer, launched a smart AI-based injection molding system. This technology has two technical features- an AI molding assistant and smart weight control. The AI molding assistant helps to reduce the stabilizing time in the initial molding steps and smart weight control enables the detection of any change in the weight of products.
Which region dominates the plastic processing machinery market, and what factors contribute to its leadership?
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
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/plastic-processing-machinery-global-market-report
How is the plastic processing machinery market segmented, and which segment holds the largest share?
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
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10144
How is the plastic processing machinery market defined?
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.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
