by 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.
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 Coverage | Details |
| Global Market Size in 2023 | USD 23.02 Billion |
| Global Market Size by 2033 | USD 35.58 Billion |
| Asia Pacific Market Size in 2023 | USD 9.66 Billion |
| Asia Pacific Market Size by 2033 | USD 15.23 Billion |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Product and By Industry Vertical |
| Regions Covered | North 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
