Fortune business insights recently published a detailed market research study focused on the “The plastic processing machinery market share Report 2024” delivering key insights and providing a competitive advantage to clients through a detailed report. Plastic Processing Machinery Market Size, Share & Industry Analysis, By Type (Injection Molding Machinery, Blow Molding Machinery, Extrusion Molding Machinery, Thermoforming Machinery, and Others), By Industry Vertical (Packaging, Automotive, Construction, Consumer Goods, Healthcare, and Others), and Regional Forecast, 2023 – 2030
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The competitive landscape of the market for plastic processing machinery market is determined by assessing the major industry participants, production capacity, production capacity utilization rate, plastic processing machinery marketM’s production chain, pricing by each manufacturer and the revenue generated by each manufacturer in the plastic processing machinery marketM globally.
Top key players of plastic processing machinery market:
- ARBURG GmbH (Germany)
- Brown Machine Group (U.S.)
- ENGEL AUSTRIA GmbH (Austria)
- Haitian International Holdings Limited (China)
- Husky Injection Molding Systems Ltd (Canada)
- KraussMaffei (China)
- Milacron LLC (Hillenbrand Inc.) (U.S.)
- NISSEI PLASTIC INDUSTRIAL CO., LTD. (Japan)
- Sumitomo Heavy Industries (Japan)
- WITTMANN Technology GmbH (Austria)
Market atributes:
| Report Componant | Aspects |
| Forecast Period | 2022-2030 |
| Projected market valuve 2022 | USD 21.17 billion |
| Forecasted market valuve 2030 | USD 30.26 billion |
| Compound Annual Growth Rate | 4.8 |
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Drivers and restraints:
- Driver: Growing Demand for Plastic Products
The increasing use of plastic products across various industries, including automotive, packaging, and consumer goods, drives the demand for advanced plastic processing machinery to meet production needs.
- Driver: Technological Advancements
Innovations in plastic processing technologies, such as enhanced automation, improved precision, and energy-efficient machines, contribute to market growth by offering better performance and lower operational costs.
- Driver: Expansion of the Packaging Industry
The rapid growth of the packaging industry, driven by increased consumer goods consumption and e-commerce, boosts the demand for plastic processing machinery used in producing packaging materials and containers.
- Restraint: High Initial Investment
The significant capital required for purchasing advanced plastic processing machinery can be a barrier for smaller manufacturers or startups with limited financial resources.
- Restraint: Environmental Concerns
Growing environmental concerns and regulations related to plastic waste and recycling can impact the market, as there is increasing pressure to develop and use more sustainable and eco-friendly plastic processing solutions.
Regional analysis:
- North America (By Type, By Industry Vertical and By Country)
- U.S. (By Industry Vertical)
- Canada (By Industry Vertical)
- Mexico (By Industry Vertical)
- South America (By Type, By Industry Vertical and By Country)
- Brazil (By Industry Vertical)
- Argentina (By Industry Vertical)
- Rest of South America
- Europe (By Type, By Industry Vertical and By Country)
- United Kingdom (By Industry Vertical)
- Germany (By Industry Vertical)
- France (By Industry Vertical)
- Rest of Europe
- Asia Pacific (By Type, By Industry Vertical and By Country)
- China (By Industry Vertical)
- India (By Industry Vertical)
- Southeast Asia (By Industry Vertical)
- Japan (By Industry Vertical)
- Rest of Asia Pacific
- Middle East and Africa (By Type, By Industry Vertical and By Country)
- South Africa (By Industry Vertical)
- GCC (By Industry Vertical)
- Rest of Middle East and Africa
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
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Key industry developments:
- July 2022: SACMI Group inaugurated its regional headquarters in Mumbai, India, which is specifically devoted to its rigid packaging business.
- May 2022: Husky Technologies unveiled the HyPET HPP50 Recycled Melt to PreformTM system, a groundbreaking innovation in preform injection molding, which converts washed flake into preforms.
- August 2021: Sumitomo Heavy Industries launched the SE400HS-CI double-shot injection molding machine, thereby enhancing productivity and expanding its product lineup.
- March 2021: Milacron introduced the FANUC Roboshot ALPHA-SIB series in North America, expanding its product range with enhanced features.
- January 2021: Haitian Vietnam Ltd., a subsidiary of the Haitian group, opened a new 1,000 sq.m. facility in Ho Chi Minh City to offer a versatile space for product display, meetings, after-sales support, and offices.
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Key questions are answer in this report:
- What is the market size of plastic processing machinery market 2024?
- Who are top key players in this report?
- what are drivers in the plastic processing machinery industry?
- what is the future projection of plastic processing machinery industry?
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