Global Plastics Processing Machinery Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Plastic processing machinery converts unfinished plastic materials, such as polyolefin, polyethylene terephthalate (PET), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), and others in into useable plastic products like pellets, strings, sheets, and other forms. Packaging, automotive, construction, consumer products, and other sectors employ equipment for processing plastics. The market growth is primarily driven by the factors such as rising demand for lightweight components from the automotive sector, increasing industrialization, coupled with increasing requirements to upgrade the conventional plastics processing plants. In addition, the construction sector uses a variety of plastic parts made by plastic processing equipment, including pipes, cables, ducts, extruded portions for door and window panels, and others. As a result, it is anticipated that the global construction boom will accelerate the demand for plastics processing equipment. For instance, in March 2022, Foster + Partners, UK-based architectural firm, declared that the company develop "The Global City" in Ho Chi Minh City, Vietnam. The project consists of public housing, villas, high-rise and low-rise residential complexes, as well as other structures.
The surge in demand for plastics from the packaging industry is acting as a major driving factor for market growth across the world. As per Statista, in 2021, the plastic packaging sector was worth around USD 265.2 billion worldwide, which is anticipated to boost and likely to reach 385.5 billion by 2027. Thus, the exponential development of the packaging sector is exhibiting a positive influence on the market expansion globally. Moreover, rising investment in the development of advanced technology, as well as the several growth prospects in developing countries are presenting various lucrative opportunities over the forecasting years. However, the strict government regulations toward minimal usage of plastics and high cost of many Plastics Processing Machinery Market are hindering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Plastics Processing Machinery Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the increasing number of manufacturing units to boost production quantities, along with the growth of the end-use industries. Whereas, Rest of the World is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increase in the construction and manufacturing facilities, as well as the rising presence of the prominent players in the market space.
Major market players included in this report are:
- KraussMaffei Group (ChemChina)
- Brown Machine Group
- Haitian International Holdings Limited
- Engel Austria GmbH
- Kautex Maschinenbau GmbH
- Graham Engineering Corporation
- Milacron LLC (Hillenbrand Inc.)
- Japan Steel Works Ltd
- Arburg GmbH + Co KG
- Husky Injection Molding Systems Ltd
Recent Developments in the Market:
- In June 2022, ENGEL announced that the company expand its market presence across North Africa by establishing its own sales and service subsidiary in Morocco. Three countries that are Morocco, Algeria, and Tunisia provides a better environment for making injection molds. Morocco has been growing steadily and has a lot of potential.
Global Plastics Processing Machinery Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Type, End-use Industry, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Injection Molding Machinery
- Blow Molding Machinery
- Extrusion Machinery
- Thermoforming Machinery
- 3D Plastic Printers
- Other Types
By End-use Industry:
- Packaging
- Consumer Products
- Construction
- Automotive
- Other End-user Industries
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Plastics Processing Machinery Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Plastics Processing Machinery Market, by Type, 2019-2029 (USD Million)
- 1.2.3. Plastics Processing Machinery Market, by End-use Industry, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Plastics Processing Machinery Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Plastics Processing Machinery Market Dynamics
- 3.1. Plastics Processing Machinery Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand for lightweight components from the automotive sector
- 3.1.1.2. Development of the packaging industry
- 3.1.2. Market Challenges
- 3.1.2.1. Strict government regulations toward minimal usage of plastics
- 3.1.2.2. High cost of many Plastics Processing Machinery Market
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising investment in the development of advance technology
- 3.1.3.2. Several growth prospects in developing countries
Chapter 4. Global Plastics Processing Machinery Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Plastics Processing Machinery Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Plastics Processing Machinery Market by Type, Performance - Potential Analysis
- 6.3. Global Plastics Processing Machinery Market Estimates & Forecasts by Type 2019-2029 (USD Million)
- 6.4. Plastics Processing Machinery Market, Sub Segment Analysis
- 6.4.1. Injection Molding Machinery
- 6.4.2. Blow Molding Machinery
- 6.4.3. Extrusion Machinery
- 6.4.4. Thermoforming Machinery
- 6.4.5. 3D Plastic Printers
- 6.4.6. Other Types
Chapter 7. Global Plastics Processing Machinery Market, by End-use Industry
- 7.1. Market Snapshot
- 7.2. Global Plastics Processing Machinery Market by End-use Industry, Performance - Potential Analysis
- 7.3. Global Plastics Processing Machinery Market Estimates & Forecasts by End-use Industry 2019-2029 (USD Million)
- 7.4. Plastics Processing Machinery Market, Sub Segment Analysis
- 7.4.1. Packaging
- 7.4.2. Consumer Products
- 7.4.3. Construction
- 7.4.4. Automotive
- 7.4.5. Other End-user Industries
Chapter 8. Global Plastics Processing Machinery Market, Regional Analysis
- 8.1. Plastics Processing Machinery Market, Regional Market Snapshot
- 8.2. North America Plastics Processing Machinery Market
- 8.2.1. U.S. Plastics Processing Machinery Market
- 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. End-use Industry breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Plastics Processing Machinery Market
- 8.3. Europe Plastics Processing Machinery Market Snapshot
- 8.3.1. U.K. Plastics Processing Machinery Market
- 8.3.2. Germany Plastics Processing Machinery Market
- 8.3.3. France Plastics Processing Machinery Market
- 8.3.4. Spain Plastics Processing Machinery Market
- 8.3.5. Italy Plastics Processing Machinery Market
- 8.3.6. Rest of Europe Plastics Processing Machinery Market
- 8.4. Asia-Pacific Plastics Processing Machinery Market Snapshot
- 8.4.1. China Plastics Processing Machinery Market
- 8.4.2. India Plastics Processing Machinery Market
- 8.4.3. Japan Plastics Processing Machinery Market
- 8.4.4. Australia Plastics Processing Machinery Market
- 8.4.5. South Korea Plastics Processing Machinery Market
- 8.4.6. Rest of Asia Pacific Plastics Processing Machinery Market
- 8.5. Latin America Plastics Processing Machinery Market Snapshot
- 8.5.1. Brazil Plastics Processing Machinery Market
- 8.5.2. Mexico Plastics Processing Machinery Market
- 8.5.3. Rest of Latin America Plastics Processing Machinery Market
- 8.6. Rest of The World Plastics Processing Machinery Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. KraussMaffei Group (ChemChina)
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Brown Machine Group
- 9.2.3. Haitian International Holdings Limited
- 9.2.4. Engel Austria GmbH
- 9.2.5. Kautex Maschinenbau GmbH
- 9.2.6. Graham Engineering Corporation
- 9.2.7. Milacron LLC (Hillenbrand Inc.)
- 9.2.8. Japan Steel Works Ltd
- 9.2.9. Arburg GmbH + Co KG
- 9.2.10. Husky Injection Molding Systems Ltd
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption