PUBLISHER: Acute Market Reports | PRODUCT CODE: 1388458
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1388458
The plastic processing machinery market encompasses the expansive industry involved in the production, sale, and enhancement of machinery that transforms raw plastic materials into an array of finished or semi-finished products. The year 2022 was particularly significant, seeing a notable ascent in the market's stature, predominantly propelled by the insatiable global thirst for plastic products that permeate every facet of daily life - from mundane packaging materials to sophisticated automotive components. The simultaneous advancement in production techniques and the unfolding of innovative plastic processing methodologies further fanned this market's growth flames. Projecting into the future, from 2023 to 2031, the trajectory for the plastic processing machinery market seems steeply upward, with myriad opportunities beckoning.Plastic processing machinery marketis estimated to grow at a CAGR of 4.5% from 2023 to 2031.
The world's appetite for plastic goods has shown no sign of abating. By the time 2022 rolled around, this craving had amplified, with sectors as varied as packaging, automotive, healthcare, electronics, and consumer goods all vying for plastic components. Plastics, with their unique blend of durability, affordability, versatility, and moldability, have become indispensable, necessitating the concurrent need for cutting-edge processing machinery to feed this relentless demand.
The world of technology and its myriad breakthroughs made a palpable impact on the Plastic Processing Machinery domain. By 2022, we witnessed a cascade of innovations that touched upon machine efficiency, automation prowess, energy conservation, and more. These technological marvels not only heightened production outputs but did so while curtailing operational expenditures, making it almost irresistible for enterprises not to upgrade to these modern machineries.
Environmental conscientiousness became the zeitgeist by 2022, prompting a massive tilt towards sustainable maneuvers within the vast expanse of the plastics industry. The burgeoning demand for machinery adept at processing recycled plastics became evident. Manufacturers were no longer just looking for equipment; they sought machines capable of seamlessly integrating with recycled or bio-based polymers, resonating with the global eco-friendly clarion call.
Despite the booming demand, 2022 wasn’t devoid of challenges. The environmental shadows cast by plastics, particularly the non-biodegradable single-use variants, led to a chorus of concerns. Regulations tightened, bans became commonplace in various global pockets, and the narrative around certain plastic products turned somewhat sour. This inadvertently affected the immediate demand trajectory for some processing machinery tailored for these products.
Peeling the layers of product-based segmentation reveals categories like Injection Molding Machinery, Extrusion Machinery, Blow Molding Machinery, and an assortment of other specialized machines. From a revenue perspective, 2022 was the year of the Injection Molding Machinery. This ascendancy was fuelled by the machine's unparalleled adaptability, making it ideal for churning out a vast product range, from simple toys to intricate automotive components. Conversely, the horizon from 2023 to 2031 shines brightly for the Extrusion Machinery segment. With a skyrocketing demand for extruded products (think pipes, films, sheets) especially evident in burgeoning sectors like construction and packaging, this segment is poised for a CAGR surge.
Geography plays its part in this market narrative. In 2022, Asia-Pacific stood tall as the revenue monarch, its dominance anchored by its booming industrial landscape and a plethora of plastic manufacturers, notably in powerhouses like China and India. Yet, the period between 2023 and 2031 has its spotlight aimed at North America. With its technological prowess, coupled with a marked shift towards sustainable and high-quality plastic production, this region is predicted to experience an exhilarating CAGR sprint.
In the competitive coliseum of 2022, stalwarts like The Japan Steel Works, Ltd. (JSW), Arburg, Husky Injection Molding Systems, Sumitomo Heavy Industries, Ltd., Persimmon Technologies Corporation, Milacron Holdings Corporation, Haitian International Holdings Limited, Chen Hsong Holdings Limited, ENGEL Austria GmbH, Nissei Plastic Industrial Co., Ltd., Krauss-Maffei Corporation, Alpha Marathon Film Extrusion Technologies Inc. were the gladiators setting the pace. Their strategic gameplans revolved around mergers, acquisitions, intensive R&D endeavors, and global expansion forays. The core objective was unmistakable: roll out machinery that redefined benchmarks in automation, energy frugality, and processing excellence. As we meander through 2023 to 2031, the competitive landscape is set to become more intriguing. Collaboration will likely become the currency of choice, with market bigwigs aiming to tap into nascent markets while ceaselessly innovating to match the industry's evolving pulse.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofPlastic Processing Machinery market are as follows:
Micro and macro environment factors that are currently influencing the Plastic Processing Machinery market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
TABLE 3 Global Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 4 Global Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 5 Global Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 6 North America Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 8 North America Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 9 North America Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 10 North America Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 11 U.S. Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 13 U.S. Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 14 U.S. Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 15 U.S. Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 16 Canada Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 18 Canada Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 19 Canada Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 20 Canada Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 21 Rest of North America Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 23 Rest of North America Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 24 Rest of North America Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 25 Rest of North America Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 26 UK and European Union Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 28 UK and European Union Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 29 UK and European Union Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 30 UK and European Union Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 31 UK Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 33 UK Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 34 UK Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 35 UK Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 36 Germany Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 38 Germany Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 39 Germany Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 40 Germany Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 41 Spain Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 43 Spain Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 44 Spain Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 45 Spain Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 46 Italy Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 48 Italy Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 49 Italy Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 50 Italy Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 51 France Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 53 France Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 54 France Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 55 France Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 56 Rest of Europe Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 58 Rest of Europe Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 59 Rest of Europe Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 60 Rest of Europe Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 61 Asia Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 63 Asia Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 64 Asia Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 65 Asia Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 66 China Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 68 China Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 69 China Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 70 China Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 71 Japan Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 73 Japan Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 74 Japan Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 75 Japan Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 76 India Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 78 India Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 79 India Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 80 India Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 81 Australia Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 83 Australia Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 84 Australia Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 85 Australia Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 86 South Korea Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 88 South Korea Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 89 South Korea Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 90 South Korea Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 91 Latin America Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 93 Latin America Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 94 Latin America Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 95 Latin America Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 96 Brazil Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 98 Brazil Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 99 Brazil Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 100 Brazil Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 101 Mexico Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 103 Mexico Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 104 Mexico Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 105 Mexico Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 106 Rest of Latin America Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 108 Rest of Latin America Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 109 Rest of Latin America Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 110 Rest of Latin America Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 111 Middle East and Africa Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 113 Middle East and Africa Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 114 Middle East and Africa Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 115 Middle East and Africa Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 116 GCC Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 118 GCC Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 119 GCC Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 120 GCC Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 121 Africa Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 123 Africa Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 124 Africa Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 125 Africa Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
TABLE 126 Rest of Middle East and Africa Plastic Processing Machinery Market By Product, 2021-2031, USD (Million)
TABLE 128 Rest of Middle East and Africa Plastic Processing Machinery Market By Extrusion Machinery, 2021-2031, USD (Million)
TABLE 129 Rest of Middle East and Africa Plastic Processing Machinery Market By Blow Molding Machinery, 2021-2031, USD (Million)
TABLE 130 Rest of Middle East and Africa Plastic Processing Machinery Market By Others, 2021-2031, USD (Million)
FIG. 8Market Positioning of Key Plastic Processing Machinery Market Players, 2022
FIG. 9Global Plastic Processing Machinery Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031