Plastic Processing Machine Market Growth, Size, Trends, Revenue, Demand and Future Outlook
Plastic Processing Machine Market Size- By Product Type, By End User, By Plastic Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: MACH2366 | Pages: 1 - 235 | Formats*: |
| Category : Equipment and Machinery | |||
Plastic Processing Machine Market Introduction and Overview
According to SPER Market Research, the Global Plastic Processing Machine Market is estimated to reach USD 44.53 billion by 2033 with CAGR of 4.6%.
The report includes an in-depth analysis of the Global Plastic Processing Machine Market, including market size and trends, product mix, applications, and supplier analysis. The process of transforming raw plastic material into semi-finished items is known as plastic processing. Plastic semi-products and products, such as rotational molding and compression molding machines, are molded using plastic primary processing machinery, also referred to as plastic molding machinery. On the other hand, plastic secondary processing machinery is used to reprocess and post-process plastic semi-products and products, such as printing and thermoforming machines.
- May 2022: Innovative technology business Husky Technologies recently presented its revolutionary HyPET HPP5e Recycled Melt to PreformTM (RTMP) system, enabling the delivery of fundamental commodities to the global population. This novel concept demonstrates how a melt decontamination unit and a preform injection molding machine can function well together.
- June 2022: By establishing its own sales and service company in Morocco, Austrian injection molding equipment manufacturer and system solution provider ENGEL bolstered its market presence in North Africa. Algeria, Tunisia, and Morocco provide a vibrant injection mold-making environment.
Market Opportunities and Challenges
The market CAGR for plastic processing machinery is driven by the increasing demand from the end-use industry. Advanced plastic processing gear is required for industries that largely rely on plastic components, including electronics, construction, automotive, and packaging. Rising e-commerce activity and shifting consumer tastes are driving significant growth in the packaging business in particular. Plastic packing materials are more widely used because they are long-lasting, reasonably priced, and give customisation options. Manufacturers of plastic processing machinery are concentrating on creating devices that can create intricate and lightweight packaging items more effectively. Furthermore, one of the main markets for plastic processing machines is the automotive sector. In order to meet the industry's demand for intricate, high-precision automobile parts and to address environmental issues by utilizing recycled materials, plastic processing gear is changing.
There are a number of obstacles facing the Global Plastic Processing Machine Market that affect suppliers, manufacturers, and the sector as a whole. More people are becoming conscious of environmental problems, particularly those involving single-use plastics and plastic pollution, which has resulted in stronger laws and calls for sustainable practices. To solve these issues, producers of plastic manufacturing equipment must change to more environmentally friendly materials and technology. Numerous laws and guidelines pertaining to product safety, quality, and environmental effect apply to the plastic processing business. It can be difficult to comply with these laws, which might change depending on the area, and it takes constant observation and adjustment.
Market Competitive Landscape
The market for plastic processing machinery is very competitive due to the existence of several major competitors. By continuously developing their offerings, these companies have achieved a competitive advantage through research and development. These firms have established a significant presence in the market through innovation and mergers and acquisitions. Some of major players are Engel Austria Gmbh, Brown Machine Group, Haitian International Holdings Limited, Milacron, Husky Injection Moulding Systems Ltd, Lyle Industries, Cannon S.P.A., Cosmos Machinery Enterprises Limited, Sumitomo Heavy Industries and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By End-Use, By Plastic Type |
| Regions covered | North America, Europe, Asia Pacific and Rest of World |
| Companies Covered | Engel Austria Gmbh, Brown Machine Group, Haitian International Holdings Limited, Milacron, Husky Injection Molding Systems Ltd, Lyle Industries, Cannon S.P.A., Cosmos Machinery Enterprises Limited, Sumitomo Heavy Industries and various others. |
COVID-19 Impact on Global Plastic Processing Machine Market
Due to the temporary closure of enterprises and other restrictions imposed to contain the virus, a number of industries worldwide have experienced significant changes in their supply chains, customer behaviours, and routes to market following the coronavirus pandemic. The manufacturing of equipment used in plastic processing was one of the numerous industrial processes negatively impacted by these variables. Nonetheless, despite the extraordinary economic and health difficulties, large nations like North America saw a notable growth in the manufacturing and sales of plastics in 2020. In addition, plastic materials are increasingly being used in the production of medical equipment and personal protective gear, which helps to limit the transmission of viruses and, consequently, improves the prognosis for the plastic processing machinery industry going forward.
Key Target Audience:
- Plastic Manufacturers
- Injection Moulding Companies
- Packaging Industry
- Automotive Industry
- Construction Industry
- Research and Development Centers
- Government Agencies and Regulatory Bodies
- End Users and Buyers
Our in-depth analysis of the Plastic Processing Machine Market includes the following segments:
| By Product type: |
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| By End-Use: |
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| By Plastic Type: |
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Key Topics Covered in the Report:
- Global Plastic Processing Machine Market Size (FY’2023-FY’2033)
- Overview of Global Plastic Processing Machine Market
- Segmentation of Global Plastic Processing Machine Market By Product Type (Blow Moulding Machinery, Compression Moulding Machinery, Extrusion Moulding Machinery, Injection Moulding Machinery, Rotational Moulding Machinery)
- Segmentation of Global Plastic Processing Machine Market By End-use (Agriculture Industry, Automotive Industry, Construction Industry, Electronic & Electrical Industry, Others, Packaging Industry)
- Segmentation of Global Plastic Processing Machine Market By Plastic Type (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polystyrene, Polyurethane, Polyvinyl Chloride)
- Statistical Snap of Global Plastic Processing Machine Market
- Expansion Analysis of Global Plastic Processing Machine Market
- Problems and Obstacles in Global Plastic Processing Machine Market
- Competitive Landscape in the Global Plastic Processing Machine Market
- Impact of COVID-19 and Demonetization on Global Plastic Processing Machine Market
- Details on Current Investment in Global Plastic Processing Machine Market
- Competitive Analysis of Global Plastic Processing Machine Market
- Prominent Players in the Global Plastic Processing Machine Market
- SWOT Analysis of Global Plastic Processing Machine Market
- Global Plastic Processing Machine Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Plastic Processing Machine Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Plastic Processing Machine Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Plastic Processing Machine Market
7. Global Plastic Processing Machine Market , By Product type (USD Million)
7.1. Global Plastic Processing Machine Market Value Share and Forecast, By Product Type, 2023-20337.2. Blow Molding Machinery7.3. Compression Molding Machinery7.4. Extrusion Molding Machinery7.5. Injection Molding Machinery7.6. Rotational Molding Machinery
8. Global Plastic Processing Machine Market , By End-Use (USD Million)
8.1. Global Plastic Processing Machine Market Value Share and Forecast, By End-Use, 2023-20338.2. Agriculture Industry8.3. Automotive Industry8.4. Construction Industry8.5. Electronic & Electrical Industry8.6. Packaging Industry8.7. Others
9. Global Plastic Processing Machine Market, By Plastic Type (USD Million)
9.1. Global Plastic Processing Machine Market Value Share and Forecast, By Plastic Type 2023-20339.2. Polyethylene9.3. Polyethylene Terephthalate9.4. Polypropylene9.5. Polystyrene9.6. Polyurethane9.7. Polyvinyl Chloride
10. Global Plastic Processing Machine Market Forecast, 2019-2033 (USD Million)
10.1. Global Plastic Processing Machine Market Size and Market Share
11. Global Plastic Processing Machine Market , By Product Type, 2019-2033 (USD Million)
11.1. Global Plastic Processing Machine Market Size and Market Share By Product type (2019-2026)11.2. Global Plastic Processing Machine Market Size and Market Share By Product type (2027-2033)
12. Global Plastic Processing Machine Market , By End-Use, 2019-2033 (USD Million)
12.1. Global Plastic Processing Machine Market Size and Market Share By End-Use (2019-2026)12.2. Global Plastic Processing Machine Market Size and Market Share By End-Use (2027-2033)
13. Global Plastic Processing Machine Market , By Plastic Type, 2019-2033 (USD Million)
13.1. Global Plastic Processing Machine Market Size and Market Share By Plastic Type (2019-2026)13.2. Global Plastic Processing Machine Market Size and Market Share By Plastic Type (2027-2033)
14. Global Plastic Processing Machine Market, By Region, 2019-2033 (USD Million)
14.1. Global Plastic Processing Machine Market Size and Market Share By Region (2019-2026)14.2. Global Plastic Processing Machine Market Size and Market Share By Region (2027-2033)
14.3. North America
14.3.1. Canada14.3.2. USA
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. UK14.4.6. Rest of Europe
14.5. Asia Pacific
14.5.1. Australia14.5.2. China14.5.3. India14.5.4. Japan14.5.5. South Korea14.5.6. Rest of Asia Pacific
14.6. Rest of World
14.6.1. Africa14.6.2. Latin America14.6.3. Middle East
15. Company Profile
15.1. Brown Machine Group
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Cannon S.P.A.
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Cosmos Machinery Enterprises Limited
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Engel Austria Gmbh
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Haitian International Holdings Limited
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Husky Injection Molding Systems Ltd.
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Milacron LLC
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Lyle Industries
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Sumitomo Heavy Industries
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Plastic Processing Machine Market is projected to reach USD 44.53 billion by 2033, growing at a CAGR of 4.6% during the forecast period.
Plastic Processing Machine Market grew in market size from 2022. The Market is expected to reach USD 44.53 billion by 2033, at a CAGR of 4.6% during the forecast period.
Plastic Processing Machine Market CAGR of 4.6% during the forecast period.
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Plastic Processing Machine Market size is USD 44.53 billion from 2023 to 2033.
Plastic Processing Machine Market Segment is covered By Product Type, By End-Use, By Plastic Type.
The North America is anticipated to have the highest market share in the Plastic Processing Machine Market.
"The key players in the market include Companies Covered Engel Austria Gmbh, Brown Machine Group, Haitian International Holdings Limited, Milacron, Husky Injection Molding Systems Ltd, Lyle Industries, Cannon S.P.A., Cosmos Machinery Enterprises Limited, Sumitomo Heavy Industries and various others.
Plastic semi-products and products, such as rotational molding and compression molding machines, are molded using plastic primary processing machinery.
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