The "Plastic Processing Machinery Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The plastic processing machinery market is expected to reach a value of USD 40.56 billion by 2025, registering a CAGR of 5.24% over the forecast period of 2020-2025.
Plastic molding processing technology has been widely used in the manufacturing of various products, such as auto parts, connectors, displays, mobile phones, 3C electronic products, plastic optical lenses, biomedical application products, and general daily necessities, etc. With the growing trend of diversification of product usage and variability in functional requirements, plastic molding processing technology is booming day by day.
Compared to other materials, such as metal, stone, and wood, plastic has the advantages of low cost and strong plasticity. Thus it is widely used in the economy and daily life. The plastic products and industry occupies an extremely important position in the world; the production of plastic products has developed rapidly all over the world for many years. According to PlasticsEurope (PEMRG) data, the global production of plastics in 2018 stood at 359 million metric tons and seeing steady growth.
Owing to the sheer growth in demand for plastic products, the industry is seeing significant growth in demand for plastic processing equipment. Amongst all the techniques, plastic injection molding is one of the most commonly-used plastic formation techniques with numerous industrial applications, the market demand for the technology is continually expanding and evolving. Custom made plastic injection molding parts offer the perfect solution for numerous industries that are striving to produce a great volume of high-quality and cost-efficient parts.
The growing need for upgrades combined with the modernization of plastics processing plants in developing nations is expected to spur the replacement demand for injection molding machinery and other equipment demand. The growth is also augmented by the technological developments which are driving down the equipment cost and increasing affordability of equipment in price-sensitive markets.
Key Market Trends
Increasing Demand for Plastics from the Packaging Industry
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The global demand for plastic packaging from industries such as food & beverages, consumer goods, electronics, and even industrial is on the rise, owing to the benefits offered by plastic packaging as it reacts with less number of products and helps keep items safe, also the materials used can be made odourless, helps in protection of item from environmental conditions, and product can be even sealed for leakage proofing; such benefits are driving the demand for plastic packaging in the market.
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North America is one of the major market for plastic packaging as a prominent share of the retail sector is organised and highly regulated which regulate safe keeping of items in various segments, owing to this the demand is significantly higher. For instance, according to the data by the US Census Bureau, the industry revenue of plastic packaging material and unlaminated films in the US in 2024 is expected to reach USD 38 Billion.
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The lightweight property of the plastic is driving the growth of the plastic packaging in Europe. Glass is much heavier compared to plastic, which means more trips would be required while transporting. This translates to a more significant environmental impact. Glass is also much heavier for the end consumer, whereas plastic is lightweight and much easier to carry.
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As per the International Bottled Water Association (IBWA), they consumed 13.8 billion gallons of bottled water in 2018. Also, according to a new national survey conducted online by The Harris Poll on behalf of the IBWA, more than nine in 10 Americans expect bottled water to be available wherever other drinks are sold.
Competitive Landscape
The competitive rivalry in the plastic processing machinery market is high owing to the presence of some key players such as Brown Machine Group, Haitian International Holdings Limited amongst others. Through research and development, these companies have gained a competitive advantage by continually innovating their offerings. These players through innovation and mergers and acquisitions have been able to gain a strong footprint in the market as well as being able to further develop the technology.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Force Analysis
4.3 Industry Value Chain Analysis
4.4 Market Drivers
4.4.1 Increasing Demand for Plastics from the Packaging Industry
4.4.2 Increasing Demand for Light Weight Components From the Automotive Sector is Fueling the Demand for Plastic Being Used
4.5 Market Restraints
4.5.1 Stricter Government Regulations toward Minimal Usage of Plastics
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Injection Molding Machinery
5.1.2 Blow Molding Machinery
5.1.3 Extrusion Machinery
5.1.4 Thermoforming Machinery
5.1.5 3D Plastic Printers
5.1.6 Other Types
5.2 End-user Industry
5.2.1 Packaging
5.2.2 Consumer Products
5.2.3 Construction
5.2.4 Automotive
5.2.5 Other End-user Industries
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 KraussMaffei Group (ChemChina)
6.1.2 Brown Machine Group
6.1.3 Haitian International Holdings Limited
6.1.4 Engel Austria GmbH
6.1.5 Kautex Maschinenbau GmbH
6.1.6 Graham Engineering Corporation
6.1.7 Gurucharan Industries
6.1.8 Milacron LLC (Hillenbrand Inc.)
6.1.9 The Japan Steel Works Ltd
6.1.10 Sumitomo Heavy Industries
6.1.11 Arburg GmbH + Co KG
6.1.12 Husky Injection Molding Systems Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES FOR FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/7yj1i8
View source version on businesswire.com: https://www.businesswire.com/news/home/20201130005436/en/
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