June 15, 2024

Plastic Processing Machinery Market Size to Cross USD 35.58 Bn By 2033

The plastic processing machinery market would grow at a CAGR of 4.50% over the predicted time frame. The market is expected to increase in value from US$ 23.02 billion in 2023 to US$ 35.58 billion by 2033.

Plastic Processing Machinery Market Size 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 on plastic processing machinery Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

Download Free Sample@ https://www.precedenceresearch.com/sample/3678

A recent report provides crucial insights along with application based and forecast information in the Global Plastic processing machinery Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Plastic processing machinery market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Plastic Processing Machinery Market Scope

Report CoverageDetails
Global Market Size in 2023USD 23.02 Billion
Global Market Size by 2033USD 35.58 Billion
Asia Pacific Market Size in 2023USD 9.66 Billion
Asia Pacific Market Size by 2033USD 15.23 Billion
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Product and By Industry Vertical
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read Also: Oncology Molecular Diagnostic Market Size At Around US$ 7.71 Bn In 2033

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Plastic processing machinery market are included as given below:

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

Report Objectives

  • To define, describe, and forecast the global plastic processing machinery market based on product, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
  • To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the plastic processing machinery market

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

Contact Us:

Precedence Research

Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada

Call: +1 774 402 6168

Email: sales@precedenceresearch.com

Website: https://www.precedenceresearch.com

 Blog: https://www.pharma-geek.com