The equipment used to transform various types of plastics into semi-finished plastic goods is referred to as plastic processing machinery. Plastic injection, extrusion, blow moulding, vacuum forming, and rotational moulding are a few of the frequently used plastic processing devices. By using a stiff mould or frame, they are utilised to produce simple to elaborate designs while providing the plastic the desired shape and size. They are also employed in the manufacturing of high-strength, lightweight, fuel-efficient, and long-lasting plastic parts for application in a variety of sectors, including agriculture, automotive, construction, packaging, electronics, and electrical.
Plastic Processing Machinery Market valued at US $35.02 Billion in 2022, anticipated to reach a value of US $51.15 Billion in 2030, growing at a CAGR of 4.85%.
In recent years, plastics have become a crucial component of production and packaging. The trend of plastic processing in the industrial and packaging sectors has grown as a result of the increase in demand for plastics. In the production process, various plastic kinds are processed using various processing equipment. Due to contaminant-free and toxin-resistant characteristics, plastics processing is becoming more popular in the packaging sector, which is boosting the growth of the worldwide plastics processing machinery market.
Numerous products, including auto components, connections, displays, mobile phones, 3C electronic products, plastic optical lenses, products for biomedical applications, everyday items, etc., have been produced using plastic moulding processing technique. Plastic moulding processing technology is blooming day by day due to the expanding trend of product utilisation variety and variability in functional requirements.
The industry is witnessing a huge increase in demand for plastic processing equipment as a result of the exponential expansion in demand for plastic products. The market need for the technology is constantly growing and changing, and among all the techniques, plastic injection moulding is one of the most widely-used plastic formation processes with many industrial applications. Numerous sectors looking to generate a big volume of high-quality and economical parts can find the ideal solution in custom made plastic injection moulding parts.
Segmental analysis of the Market:
Based on Product type
- Injection Molding Machinery
- Blow Molding Machinery
- Compression Molding Machinery
- Extrusion Molding Machinery
- Rotational Molding Machinery
Based on End-User
- Packaging Industry
- Construction Industry
- Automotive Industry
- Electronic and Electrical Industry
- Agriculture Industry
- Others
Competitive Landscape:
Some of the prominent companies operating in the market are
- Arburg GmbH & Co.
- Battenfeld-Cincinnati Austria GmbH
- BEKUM Maschinenfabriken GmbH
- Brown Machine LLC
- Brückner Group GmbH
- Davis-Standard, LLC
- Engel Austria GmbH
- FANUC Corporation
- Fu Chun Shin Machinery Manufacture Co., Ltd.
- GN Thermoforming
- Haitian International Holdings Limited
- Husky Injection Molding Systems Ltd.
- Kautex Maschinenbau GmbH
- KraussMaffei Technologies GmbH
- Milacron LLC
- NEGRI BOSSI SpA
- Ningbo Haida Plastic Machinery Co., Ltd.
- Nissei ASB Machine Co., Ltd.
- Reifenhäuser Group
- SencorpWhite, Inc.
- Sumitomo Heavy Industries Ltd.
- Sumitomo (SHI) Demag Plastics Machinery GmbH
- The Japan Steel Works, Ltd.
- Shibaura Machine Co. Ltd.
Frequently Asked Questions:
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