PUBLISHER: IMARC | PRODUCT CODE: 1451297
PUBLISHER: IMARC | PRODUCT CODE: 1451297
The global plastic processing machinery market size reached US$ 36.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Plastic processing machinery refers to the equipment used for converting various types of plastics into semi-finished plastic products. Some of the commonly used plastic processing machines include plastic injection, extrusion, blow molding, vacuum forming and rotational molding. They are used for producing simple to intricate designs while giving a desired shape and size to the plastic by using a rigid mold or frame. They are also used for the production of high-strength, low-weight, fuel-efficient and durable plastic components across various industries, including construction, automotive, packaging, electronics & electrical and agriculture.
The increasing production of consumer goods and electronics, along with rapid industrialization across the globe, is one of the key factors driving the growth of the market. Furthermore, technological advancements, such as 3D printing and automated plastic processing machines, are providing a boost to the market growth. These machines are capable of manufacturing personalized products on a large scale with enhanced flexibility and precision. Widespread utilization of plastic for the manufacturing of food and beverage packaging solutions is acting as another growth-inducing factor. Various ready-to-eat foods and beverages are packed in attractive plastic containers for longer shelf-life and convenient storage. Other factors, including the implementation of favorable government policies promoting domestic plastic industries, especially in the developing nations, along with the adoption of plastic recycling machinery, are projected to drive the market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global plastic processing machinery market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, plastic type and end-use industry.
Blow Molding Machinery
Compression Molding Machinery
Extrusion Molding Machinery
Injection Molding Machinery
Rotational Molding Machinery
Others
Polypropylene (PP)
Polyethylene (PE)
Polyurethane (PUR)