The Global Market for Plastics Processing Machinery is Projected to Reach US$39.3 Billion by 2022

Growing Demand for High Quality and Technologically Advanced Machinery to Drive Gains in the Global Plastics Processing Machinery Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Plastics Processing Machinery market. The global market for Plastics Processing Machinery is projected to reach US$39.3 billion by 2022, driven by the growing demand for high-end machinery, falling costs and ensuing increase in affordability and access to such equipment in price sensitive emerging markets.

Plastic processing machinery is used in the processing of raw plastics and molding them into desired shape and sizes. Demand is primarily driven by expanding consumption of plastic resins in areas such as packaging, construction, and automobiles. The industry also stands to benefit from expanding applications and development of innovative plastics in applications such as sports, recreation, and medical devices sectors. The need for replacement of aging and obsolete injection molding machinery in developing market also presents strong growth opportunities. With the industry being highly technology driven, demand is on rise for high- end machinery designed to offer improved flexibility, higher output, improved bottom-line performance, and enhanced energy efficiency.

Over the years processing technology has undergone enormous changes with today’s machines consuming 50% less power and requiring less maintenance and less space compared to their older counterparts. The industry is also embracing the Industry 4.0 concept by employing digital equipment together with plastics production processes. At present, machines are being embedded with smart concepts for energy savings, and reduced environmental footprint. Ultra big molding machines, ecofriendly machines, machines designed for production of lightweight components, and precise molding machinery are gaining in demand. The latest trend in injection molding market is towards efficient machines and lightweight solutions, in particular for transport and automotive applications. Companies are strengthening their presence in various geographic markets through the introduction of premium injection molding machinery and modern lightweight construction technologies. Electric and electric-hydraulic hybrid machines continue to gain strong demand. The industry is also witnessing growing demand for compact, easy-to-operate machines.

As stated by the new market research report on Plastics Processing Machinery Asia-Pacific represents the largest as well as the fastest growing market worldwide.  The growth in the region is led by the surge in domestic demand for plastics in packaging, construction, automotive and industrial sectors and improving investments by local plastic companies on advanced machinery. Despite the economic downturn, China continues to remain a major force in the global plastics machinery market supported by growing demand for high quality, intelligent machines aimed at improving productivity and saving resources.  In the U.S. and European markets, rise in investments is encouraged by the growing trend towards reshoring of plastics and rubber production.

Major players in the market include  Aoki Technical Laboratory Inc., Arburg GmbH + Co. KG, BEKUM Maschinenfabriken GmbH, Berlyn Extruders, Inc., FANUC Corporation, Fu Chun Shin Machinery Manufacture Co. Ltd., Haitian International Holdings Limited, Husky Injection Molding Systems Ltd, Kautex Maschinenbau GmbH, KraussMaffei Technologies GmbH, Lyle Industries Inc., Milacron LLC, Ningbo Haida Plastic Machinery Co. Ltd., Nissei ASB Machine Co. Ltd., Queen’s Machinery Co. Ltd., Sidel, Sumitomo (SHI) Demag Plastics Machinery GmbH, Toshiba Machine Co. Ltd. among others.

The research report titled “Plastics Processing Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, technological trends, growth drivers, issues, challenges, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America, and Rest of World. Product types analyzed in the report include Injection Molding Machines, Blow Molding Machines, Extrusion Machines, Thermoforming Machines, and Other Plastic Processing Machines.

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