June 22, 2024

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

The global plastic processing machinery market size surpassed USD 23.02 billion in 2023 and is expected to hit around USD 35.58 billion by 2033, exhibiting at a CAGR of 4.50%  from 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.

Plastic Processing Machinery Market Size 2024 To 2033

The Plastic Processing Machinery Market is a dynamic sector within the broader manufacturing industry, focusing on the design, production, and utilization of machinery for processing plastic materials. As an integral component of the plastics industry, this market encompasses a diverse range of machinery, including extruders, injection molding machines, blow molding machines, and other equipment essential for transforming raw plastic materials into finished products. The market’s significance lies in its pivotal role in shaping the efficiency, innovation, and sustainability of plastic manufacturing processes.

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Growth Factors:

Several factors contribute to the growth of the Plastic Processing Machinery Market. Technological advancements play a crucial role, with continuous innovations enhancing the precision, speed, and energy efficiency of plastic processing machinery. The rising demand for plastic products across various industries, such as packaging, automotive, and consumer goods, also propels market growth. Additionally, the increasing focus on sustainable and eco-friendly manufacturing practices has led to the development of machinery that supports recycling and reduces environmental impact, further fostering market expansion.

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 More: Oncology Molecular Diagnostic Market Size to Hit USD 7.71 Bn By 2033

Market Dynamics

DriversKey drivers influencing the Plastic Processing Machinery Market include the robust growth of end-use industries, especially in emerging economies. The demand for lightweight and durable materials in automotive and packaging applications drives the need for advanced plastic processing machinery. Moreover, the versatility of plastics, enabling their use in diverse applications, acts as a significant driver. Government regulations promoting the use of recyclable materials and energy-efficient machinery also contribute to market growth by incentivizing the adoption of modern processing technologies.

Opportunities:

The Plastic Processing Machinery Market presents various opportunities for industry players. Expanding applications of plastics in sectors such as healthcare, electronics, and construction offer new avenues for machinery manufacturers to explore. Additionally, the increasing emphasis on circular economy principles opens opportunities for machinery designed to support recycling and sustainable production practices. Market participants can leverage these trends to develop innovative solutions and cater to evolving customer demands.

Challenges:

Despite its growth prospects, the Plastic Processing Machinery Market faces challenges, including the environmental concerns associated with plastic waste. Stringent regulations related to plastic usage and disposal pose challenges for manufacturers to develop sustainable and eco-friendly machinery solutions. Economic uncertainties, particularly in the wake of global events, can impact market dynamics, affecting investment decisions and capital expenditure in the plastic processing industry. Addressing these challenges requires a collaborative approach among industry stakeholders, technological advancements, and adherence to evolving regulatory frameworks.

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

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

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

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