The global plastic processing machinery market size surpassed USD 23.02 billion in 2023 and is expected to hit around USD 35.58 billion by 2033, exhibiting at a CAGR of 4.50% from 2024 to 2033.
Key Takeaways
- Asia-Pacific contributed more than 42% of market share in 2023.
- North America is estimated to expand the fastest CAGR between 2024 and 2033.
- By product, the injection molding machine segment has held the largest market share of 51% in 2023.
- By product, the extrusion machinery segment is anticipated to grow at a remarkable CAGR of 4.16% between 2024 and 2033.
- By industry vertical, the automotive segment generated over 40% of market share in 2023.
- By industry vertical, the healthcare segment is expected to expand at the fastest CAGR over the projected period.
The Plastic Processing Machinery Market is a dynamic sector within the broader manufacturing industry, focusing on the design, production, and utilization of machinery for processing plastic materials. As an integral component of the plastics industry, this market encompasses a diverse range of machinery, including extruders, injection molding machines, blow molding machines, and other equipment essential for transforming raw plastic materials into finished products. The market’s significance lies in its pivotal role in shaping the efficiency, innovation, and sustainability of plastic manufacturing processes.
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Growth Factors:
Several factors contribute to the growth of the Plastic Processing Machinery Market. Technological advancements play a crucial role, with continuous innovations enhancing the precision, speed, and energy efficiency of plastic processing machinery. The rising demand for plastic products across various industries, such as packaging, automotive, and consumer goods, also propels market growth. Additionally, the increasing focus on sustainable and eco-friendly manufacturing practices has led to the development of machinery that supports recycling and reduces environmental impact, further fostering market expansion.
Plastic Processing Machinery Market Scope
| Report Coverage | Details |
| Global Market Size in 2023 | USD 23.02 Billion |
| Global Market Size by 2033 | USD 35.58 Billion |
| Asia Pacific Market Size in 2023 | USD 9.66 Billion |
| Asia Pacific Market Size by 2033 | USD 15.23 Billion |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Product and By Industry Vertical |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Oncology Molecular Diagnostic Market Size to Hit USD 7.71 Bn By 2033
Market Dynamics
DriversKey drivers influencing the Plastic Processing Machinery Market include the robust growth of end-use industries, especially in emerging economies. The demand for lightweight and durable materials in automotive and packaging applications drives the need for advanced plastic processing machinery. Moreover, the versatility of plastics, enabling their use in diverse applications, acts as a significant driver. Government regulations promoting the use of recyclable materials and energy-efficient machinery also contribute to market growth by incentivizing the adoption of modern processing technologies.
Opportunities:
The Plastic Processing Machinery Market presents various opportunities for industry players. Expanding applications of plastics in sectors such as healthcare, electronics, and construction offer new avenues for machinery manufacturers to explore. Additionally, the increasing emphasis on circular economy principles opens opportunities for machinery designed to support recycling and sustainable production practices. Market participants can leverage these trends to develop innovative solutions and cater to evolving customer demands.
Challenges:
Despite its growth prospects, the Plastic Processing Machinery Market faces challenges, including the environmental concerns associated with plastic waste. Stringent regulations related to plastic usage and disposal pose challenges for manufacturers to develop sustainable and eco-friendly machinery solutions. Economic uncertainties, particularly in the wake of global events, can impact market dynamics, affecting investment decisions and capital expenditure in the plastic processing industry. Addressing these challenges requires a collaborative approach among industry stakeholders, technological advancements, and adherence to evolving regulatory frameworks.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Recent Developments in the Plastic Processing Machinery Market
- In July 2022, SACMI Group marked a significant milestone by inaugurating its regional headquarters in Mumbai, India, exclusively dedicated to its rigid packaging business. This move signifies the company’s strategic commitment to the Indian market and the growing demand for rigid packaging solutions in the region.
- In May 2022, Husky Technologies introduced the HyPET HPP50 Recycled Melt to PreformTM system, revolutionizing preform injection molding. This innovative system converts washed flake into preforms, contributing to sustainable practices by utilizing recycled materials in the manufacturing process.
- In August 2021, Sumitomo Heavy Industries expanded its product lineup with the launch of the SE400HS-CI double-shot injection molding machine. This introduction aimed to enhance productivity, meeting the evolving needs of the injection molding industry.
- In March 2021, Milacron strengthened its presence in North America by introducing the FANUC Roboshot ALPHA-SIB series, incorporating enhanced features to cater to diverse market requirements.
- In January 2021, Haitian Vietnam Ltd., a subsidiary of the Haitian group, established a new 1,000 sq.m. facility in Ho Chi Minh City. This facility serves as a versatile space for product displays, meetings, after-sales support, and offices, reflecting the company’s commitment to providing comprehensive services and support to its clients in the region.
Plastic Processing Machinery Market Companies
- Arburg
- Husky Injection Molding Systems
- Milacron
- Sumitomo Heavy Industries
- Haitian International Holdings Ltd.
- KraussMaffei Group
- ENGEL Group
- Wittmann Battenfeld
- Nissei Plastic Industrial Co., Ltd.
- Toshiba Machine Co., Ltd.
- Demag Plastics Group
- Chen Hsong Holdings Limited
- Negri Bossi
- Sacmi Group
- Yizumi Group
Segments Covered in the Report
By Product
- Injection Molding Machinery
- Extrusion Machinery
- Blow Molding Machinery
- Others
By Industry Vertical
- Packaging
- Automotive
- Construction
- Consumer Goods
- Healthcare
- Other (Agriculture, etc.)
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Plastic Processing Machinery Market
5.1. COVID-19 Landscape: Plastic Processing Machinery Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Plastic Processing Machinery Market, By Product
8.1. Plastic Processing Machinery Market Revenue and Volume, by Product, 2024-2033
8.1.1. Injection Molding Machinery
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Extrusion Machinery
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Blow Molding Machinery
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
8.1.4. Others
8.1.4.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Plastic Processing Machinery Market, By Industry Vertical
9.1. Plastic Processing Machinery Market Revenue and Volume, by Industry Vertical, 2024-2033
9.1.1. Packaging
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Automotive
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Construction
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
9.1.4. Consumer Goods
9.1.4.1. Market Revenue and Volume Forecast (2021-2033)
9.1.5. Healthcare
9.1.5.1. Market Revenue and Volume Forecast (2021-2033)
9.1.6. Other
9.1.6.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Plastic Processing Machinery Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.1.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.1.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.1.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.5.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.2.6.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.5.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.3.6.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.5.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.4.6.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.5.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.5.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
10.5.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2021-2033)
Chapter 11. Company Profiles
11.1. Arburg
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Husky Injection Molding Systems
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Milacron
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Sumitomo Heavy Industries
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Haitian International Holdings Ltd.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. KraussMaffei Group
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. ENGEL Group
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Wittmann Battenfeld
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Nissei Plastic Industrial Co., Ltd
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Toshiba Machine Co., Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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