Yahoo Finanza Global Plastics Processing Machinery Strategic Industry Report 2024: Market to Reach $32.7 Billion by 2030, Driven by the Next Wave of Change with Emerging Technologies
Plastics Processing Machinery Market
Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The "Plastics Processing Machinery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Plastics Processing Machinery Market to Reach $32.7 Billion by 2030
The global market for Plastics Processing Machinery estimated at US$22.5 Billion in the year 2022, is projected to reach a revised size of US$32.7 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030.
The rise of plastics and its widespread usage in the 21st century form the cornerstone for the expansion of plastic processing machinery. Amid dynamic factors, the global economic update and manufacturing PMI serve as crucial indicators. This machinery, encompassing various types like injection molding machines and extrusion machinery, anticipates stable demand in the near to mid-term. Injection molding machines see improved growth, while extrusion machinery benefits from a resurgence in construction activity and demand from medical and packaging sectors.
Injection Molding Machines, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$14.3 Billion by the end of the analysis period. Growth in the Extrusion Machines segment is estimated at 5.4% CAGR for the next 8-year period.
The packaging industry, driven by high demand, faces challenges amidst the pandemic, impacting sectors like building and construction, automotive, and consumer electronics. Developing economies contribute to market growth, reflecting a competitive landscape with strong, active, and niche players. Recent market activity underscores ongoing innovations and technology trends in the sector.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 5.8% CAGR
The Plastics Processing Machinery market in the U.S. is estimated at US$4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.7 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.4 Billion by the year 2030.
Key Attributes:
Report Attribute | Details |
No. of Pages | 1054 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $22.5 Billion |
Forecasted Market Value (USD) by 2030 | $32.7 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |
MARKET OVERVIEW
Rise of Plastics & Its Ubiquitous Use in the 21st Century Provides the Foundation for the Growth of Plastic Processing Machinery
Processing Machinery Enters Exciting Times with Dynamic Factors
Global Economic Update
Global Manufacturing PMI: An important Bellwether
Plastics Processing Machinery: Definition and Types
Plastics Processing Machinery to Report Stable Demand in Near to Mid-Term
Injection Molding Machines Continue to Report Improved Growth
Extrusion Machinery: Growth Led by Resurgence in Construction Activity, and Medical and Packaging Needs
Auxiliaries Riding High on Labor Shortage
End-Use Market Perspective
Packaging Sector: An Overview
High Demand for Packaging: A Key Driver for Plastics Processing Machinery
Packaging Industry Confronts Testing Times Amidst the Pandemic
Important Trends Shaping Plastic Packaging Market
Building and Construction Markets
Automotive industry
How the Automotive Industry was Impacted by the Pandemic
Consumer Electronics
Regional Market Analysis
Developing Economies Boost Growth
Competition
Product Matrix of Select Players in the Global Plastic Processing Machinery Market
Competitive Market Presence - Strong/Active/Niche for Players Worldwide in 2023 (E)
Recent Market Activity
Influencer/Product/Technology Insights
MARKET TRENDS & DRIVERS
Plastic Manufacturing: Visions of a Far-Advanced Future with Notable Innovations to Impact Future Market Growth
Increasing Number of Machinery Manufacturers Embrace Industry 4.0
Rise in Digitalization Augurs Well for Adoption of Industry 4.0
Industry 4.0 Gains Significance in Injection Molding
Next Wave of Change with Emerging Technologies
Manufacturers Leverage AI for Machine Operations
Sophisticated Plastic Machinery under Spotlight amid Evolving Manufacturing Landscape
Pandemic Accelerates Shift toward Automation in Plastic Processing Industry
Growing Trend towards Downstream Automation
Extruders Add Advanced Capabilities
Demand on Rise for Customized Formulations
Factors Setting Perfect Ground for High-Tech Future of Extrusion
Energy-Saving Measures and Energy Efficiency Redefines Machine Engineering
Waste Minimization Drives New Production Strategies
Robust Outlook for EVs Opens New Avenues of Growth
Increasing Consumption of Packaged Foods Drive Market Gains
Rise in Demand for Food Service Disposables and Healthy Gains in Third Party Online Food Delivery Services Drive Opportunities in the Food Sector
Home Improvement Projects & Interest in DIY Stimulate Demand
Medical Device Makers Turn towards Thermoforming & Pressure-Forming for Packaging
Worker Crunch Catalyzes Adoption of Automated & Digital Plastic Processing Machinery
Industry Witnesses Rising Investments in Digital Solutions
Sustainability: A Loud & Clear Trend in Plastic Processing Machinery Industry
COVID-19 Brings About Significant Changes to Plastic Usage Trends
Notable Progress for Plastic Recycling & Equipment
Ambitious Efforts to Mitigate Sustainability-Linked Pain Points in the Plastic Components Arena
Supply Chain Challenges Change Course
Plastic Injection Molding Machines: Poised for Growth
Overarching Trends & Innovations Piloting Future of Plastic Injection Molding
Sustainable Materials & Operations Gain Attention
Prominent Trends in Injection Molding Space: Key Insights
Industry Witnesses Influx of New Products
Micro Injection Molding Machines Gain Demand
Healthcare: An Important Market for Micro Injection Molding
Electro-Hydraulic Technology Picks up Pace
Focus Intensifies on Precision and Lightweight Solutions
Vertical Injection Machines Witness Increased Automation
Smartphone Sales Spur Demand for Precision Plastic Injection Molding Technologies
Key Challenges Associated with Plastic Injection Molding
Used Blow Molding Machinery Emerges as Flourishing Business amid COVID-19
Recent Technological Advancements in Blow Molding Machines
Key Innovations in Stretch Blow Molding
Rotational Molding Machines: Taking Plastic Processing to Next Level
Carbon Dioxide to Drive Innovations in Plastic Industry
FOCUS ON SELECT PLAYERS(Total 306 Featured)
ARBURG GmbH + Co KG
BC Extrusion Holding GmbH
BEKUM Maschinenfabriken GmbH
Brown Machine LLC
Bruckner Group GmbH
Davis-Standard, LLC
Engel Austria GmbH
FANUC Corporation
Fu Chun Shin Machinery Manufacture Co., Ltd.
Haitian International Holdings Limited
Husky Injection Molding Systems Ltd.
Kautex Maschinenbau GmbH
KraussMaffei Technologies GmbH
Milacron LLC
NEGRI BOSSI SpA
Ningbo Haida Plastic Machinery Co., Ltd.
Nissei ASB Machine Co., Ltd.
Nordson Corporation
Reifenhauser Group
SencorpWhite, Inc.
Shibaura Machine Co. Ltd.
Sumitomo (SHI) Demag Plastics Machinery GmbH
Sumitomo Heavy Industries Ltd.
The Japan Steel Works, Ltd.
Xaloy LLC
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