The plastic processing auxiliary equipment market size has maintained a steady growth curve in recent years, ascending from a value of $7.26 billion in 2024 to an expected valuation of $7.5 billion in 2025, with a compound annual growth rate (CAGR) of 3.3%. Key drivers behind this continuous market expansion include the increased plastic manufacturing industry, globalization of plastic production, heightened focus on regulatory compliance and safety, significant growth of the packaging industry, and the integration of recycling initiatives.
Moreover, the next few years are also showing promising growth for the market. It is predicted to reach $9 billion by 2029 at a CAGR of 4.7%. This anticipated growth period will be propelled by the increasing focus on energy efficiency, advanced material processing, expansion of 3d printing in plastics, demand for sustainable practices, R&D in materials science, and resilience in global supply chains.
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What Factors are Spurring the Growth of the Plastic Processing Auxiliary Equipment Market?
The plastic processing auxiliary equipment market is primarily driven by the growing demand for such equipment. Plastic equipment, catering to the manufacturing and processing of plastic products, is vital in various production lines to enhance product quality, increase strength, and bolster extrusion, injection molding, or machine molding processes.
Insights from the Plastics Industry Association’s (PLASTICS) Committee’s Equipment Statistics (CES) report revealed that North American shipments of plastics machinery rose by 22.3% in the last quarter of 2022, amounting to $432.7 million. This further boosted the total growth to 4.4% when compared to 2021. The most significant surge was seen in the single-screw extruders, which rose by 34.6%, followed by injection molding shipments registering a hike of 25.0%. Twin-screw extruder shipments too notched an increase of 8.9%.
Which Segments Dominate the Plastic Processing Auxiliary Equipment Market?
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
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What Companies are Leading the Plastic Processing Auxiliary Equipment Market?
Major firms dominating 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 Key Trends are Emerging in the Plastic Processing Auxiliary Equipment Market?
One of the significant trends shaping the market landscape is the integration of advanced technology. Companies are launching innovative products built on artificial intelligence to maintain a stronghold in the market. For example, LS Mtron Co Ltd., a South Korea-based company, launched AI-based smart injection systems in October 2022. These learning machines imitate the behavior of skilled molding specialists, reducing the time required to stabilize the initial molding setup process, and ensuring that product specifications are met in real-time.
Which Region is Leading in the Plastic Processing Auxiliary Equipment Market?
In 2024, Asia-Pacific emerged as the largest region in the plastic processing auxiliary equipment market. Other regions documented in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Plastic Processing Auxiliary Equipment Market Report 2025 Offer?
The Plastic Processing Auxiliary Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Plastic processing auxiliary equipment refers to machinery used for manufacturing and processing plastic products, optimizing production, ensuring high-quality products, and supporting extrusion, injection molding, or machine molding process.
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