PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503352
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503352
Plastic Processing Machinery Market Forecasts to 2030 - Global Analysis By Product Type (Injection Molding Machinery, Blow Molding Machinery, Extrusion Machinery, Thermoforming Machinery, 3D Printing and Other Product Types), End User and By Geography
According to Stratistics MRC, the Global Plastic Processing Machinery Market is accounted for $26.3 billion in 2024 and is expected to reach $38.3 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Plastic processing machinery encompasses a wide range of equipment used in the manufacturing and processing of plastic products. These machines facilitate various processes, including extrusion, injection molding, blow molding, thermoforming, and rotational molding, among others. Extrusion machines are used to create continuous profiles and sheets of plastic, while injection molding machines produce intricate plastic components by injecting molten plastic into molds. Blow molding machines are utilized to form hollow plastic products like bottles and containers, while thermoforming machines mold heated plastic sheets into desired shapes. Plastic processing machinery enables efficient and precise manufacturing of a diverse array of plastic products across industries such as packaging, automotive, construction, and consumer goods.
According to the U.S. Census Bureau, the construction industry of the country experienced strong growth in 2021, with the total sectoral spending reaching USD 1.625 trillion in November 2021, a 9.3% growth over the total spending recorded in November 2020.
Market Dynamics:
Driver:
Rising demand from packaging industry
As plastic packaging remains a preferred choice for its versatility, durability, and cost-effectiveness, manufacturers require advanced machinery to meet increasing production needs. Plastic processing machines, including extrusion, injection molding, and thermoforming equipment, play a crucial role in producing various packaging solutions such as bottles, containers, bags, and films. The packaging industry's continued growth, driven by trends like e-commerce and convenience packaging, drives investment in modern plastic processing machinery to enhance production.
Restraint:
Growing environmental concerns and stricter regulations
Increased awareness of plastic pollution and its environmental impact prompts governments worldwide to enact stricter regulations on plastic usage, production, and disposal. This results in greater scrutiny on plastic processing practices, leading to compliance challenges and additional costs for manufacturers. Furthermore, demands for eco-friendly alternatives and sustainable packaging solutions may reduce reliance on traditional plastic processing machinery.
Opportunity:
Surge in medical and healthcare applications
Increasing demand for medical devices, equipment, and supplies, manufacturers require advanced machinery to produce intricate and precise plastic components. Plastic processing machines, such as injection molding and extrusion equipment, play a vital role in manufacturing medical devices like syringes, catheters, implants, and packaging materials. Additionally the growing trend towards personalized medicine and point-of-care diagnostics further drives demand for plastic processing machinery in the healthcare sector.
Threat:
Competition from low-cost producers
Manufacturers in regions with lower labor and production costs can offer machinery at significantly reduced prices, undercutting competitors in established markets. This intensifies pricing pressure and erodes profit margins for existing players. Additionally, low-cost producers may prioritize cost-cutting measures over quality, leading to concerns about reliability and performance of their machinery hampering the growth of the market.
Covid-19 Impact
Initially, disruptions in global supply chains and reduced manufacturing activity due to lockdowns led to a slowdown in machinery sales. However, the pandemic also increased demand for plastic products, especially in the medical and packaging sectors. As a result, manufacturers adapted production processes to meet heightened demand, leading to increased investments in plastic processing machinery. Additionally, the need for automation and efficiency to ensure business continuity amid disruptions further drove demand for advanced machinery.
The injection molding machinery segment is expected to be the largest during the forecast period
The injection molding machinery is expected to be the largest during the forecast period owing to the versatility, speed, and precision of injection molding machines make them indispensable for mass production. As industries increasingly rely on plastic components, the demand for injection molding machinery continues to grow. Innovations in injection molding technology, such as advanced materials compatibility, energy efficiency, and automation integration, further drive market expansion
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is expected to have the highest CAGR during the forecast period. With the trend towards lightweighting and fuel efficiency, plastics play a vital role in modern vehicle manufacturing, from interior components to exterior body panels. Injection molding and extrusion machinery are essential for producing a wide range of plastic automotive parts. Additionally, the growing adoption of electric and autonomous vehicles further increases the demand for plastic components and specialized processing machinery.
Region with largest share:
North America is projected to hold the largest market share during the forecast period as the region has emerged as a hub for automotive manufacturing due to significant activities such as investments and internal development projects being realized in Brazil, which produces the majority of automobiles in Brazil, while stimulating manufacturing of regional automotive operations. As such, countries, including Venezuela in the region, are witnessing a halt in their economic growth that has severely hampered the growth of the automotive industry in these countries.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period driven by growing healthcare demand, rapid industrialization in emerging nations such as India, China, and Thailand, and growing demand for plastic molds in electric vehicles. Thus, due to the rising requirement from the construction industry, the demand for plastic processing machinery is anticipated to rise. In addition, the rapid growth of automotive and packaging industries in Asia Pacific is expected to boost the demand over the forecast period.
Key players in the market
Some of the key players in Plastic Processing Machinery market include Alpha Marathon Film Extrusion Technologies Inc., Arburg, Brown Machine Group, Chen Hsong Holdings Limited, ENGEL Austria GmbH, Graham Engineering Corporation, Gurucharan Industries, Haitian International Holdings Limited, Hillenbrand, Inc, Husky Injection Molding Systems, Krauss-Maffei Corporation, Milacron Holdings Corporation, Nissei Plastic Industrial Co., Ltd., Persimmon Technologies Corporation, SACMI Group, Shibaura Machine CO., LTD, Sumitomo Heavy Industries, Ltd., The Japan Steel Works, Ltd. (JSW) and Wilmington Machinery
Key Developments:
In June 2024, Chen Hsong and BYD Renew Strategic Partnership. This new strategic collaboration, valued at over one billion, marks a significant milestone in our ongoing relationship with BYD.
In May 2024, Spearheading Global Expansion with Advanced Manufacturing Solutions, by integrating cutting-edge technology with deep industry insights, Chen Hsong not only captured the attention of attendees but also provided reliable, high-performance solutions
Product Types Covered:
- Injection Molding Machinery
- Blow Molding Machinery
- Extrusion Machinery
- Thermoforming Machinery
- 3D Printing
- Other Product Types
End Users Covered:
- Packaging
- Automotive
- Construction
- Consumer Goods
- Healthcare
- Agriculture
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Plastic Processing Machinery Market, By Product Type
- 5.1 Introduction
- 5.2 Injection Molding Machinery
- 5.3 Blow Molding Machinery
- 5.4 Extrusion Machinery
- 5.5 Thermoforming Machinery
- 5.6 3D Printing
- 5.7 Other Product Types
6 Global Plastic Processing Machinery Market, By End User
- 6.1 Introduction
- 6.2 Packaging
- 6.3 Automotive
- 6.4 Construction
- 6.5 Consumer Goods
- 6.6 Healthcare
- 6.7 Agriculture
- 6.8 Other End Users
7 Global Plastic Processing Machinery Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Alpha Marathon Film Extrusion Technologies Inc.
- 9.2 Arburg
- 9.3 Brown Machine Group
- 9.4 Chen Hsong Holdings Limited
- 9.5 ENGEL Austria GmbH
- 9.6 Graham Engineering Corporation
- 9.7 Gurucharan Industries
- 9.8 Haitian International Holdings Limited
- 9.9 Hillenbrand, Inc
- 9.10 Husky Injection Molding Systems
- 9.11 Krauss-Maffei Corporation
- 9.12 Milacron Holdings Corporation
- 9.13 Nissei Plastic Industrial Co., Ltd.
- 9.14 Persimmon Technologies Corporation
- 9.15 SACMI Group
- 9.16 Shibaura Machine CO., LTD
- 9.17 Sumitomo Heavy Industries, Ltd.
- 9.18 The Japan Steel Works, Ltd. (JSW)
- 9.19 Wilmington Machinery
List of Tables
- Table 1 Global Plastic Processing Machinery Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Plastic Processing Machinery Market Outlook, By Product Type (2022-2030) ($MN)
- Table 3 Global Plastic Processing Machinery Market Outlook, By Injection Molding Machinery (2022-2030) ($MN)
- Table 4 Global Plastic Processing Machinery Market Outlook, By Blow Molding Machinery (2022-2030) ($MN)
- Table 5 Global Plastic Processing Machinery Market Outlook, By Extrusion Machinery (2022-2030) ($MN)
- Table 6 Global Plastic Processing Machinery Market Outlook, By Thermoforming Machinery (2022-2030) ($MN)
- Table 7 Global Plastic Processing Machinery Market Outlook, By 3D Printing (2022-2030) ($MN)
- Table 8 Global Plastic Processing Machinery Market Outlook, By Other Product Types (2022-2030) ($MN)
- Table 9 Global Plastic Processing Machinery Market Outlook, By End User (2022-2030) ($MN)
- Table 10 Global Plastic Processing Machinery Market Outlook, By Packaging (2022-2030) ($MN)
- Table 11 Global Plastic Processing Machinery Market Outlook, By Automotive (2022-2030) ($MN)
- Table 12 Global Plastic Processing Machinery Market Outlook, By Construction (2022-2030) ($MN)
- Table 13 Global Plastic Processing Machinery Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 14 Global Plastic Processing Machinery Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 15 Global Plastic Processing Machinery Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 16 Global Plastic Processing Machinery Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 17 North America Plastic Processing Machinery Market Outlook, By Country (2022-2030) ($MN)
- Table 18 North America Plastic Processing Machinery Market Outlook, By Product Type (2022-2030) ($MN)
- Table 19 North America Plastic Processing Machinery Market Outlook, By Injection Molding Machinery (2022-2030) ($MN)
- Table 20 North America Plastic Processing Machinery Market Outlook, By Blow Molding Machinery (2022-2030) ($MN)
- Table 21 North America Plastic Processing Machinery Market Outlook, By Extrusion Machinery (2022-2030) ($MN)
- Table 22 North America Plastic Processing Machinery Market Outlook, By Thermoforming Machinery (2022-2030) ($MN)
- Table 23 North America Plastic Processing Machinery Market Outlook, By 3D Printing (2022-2030) ($MN)
- Table 24 North America Plastic Processing Machinery Market Outlook, By Other Product Types (2022-2030) ($MN)
- Table 25 North America Plastic Processing Machinery Market Outlook, By End User (2022-2030) ($MN)
- Table 26 North America Plastic Processing Machinery Market Outlook, By Packaging (2022-2030) ($MN)
- Table 27 North America Plastic Processing Machinery Market Outlook, By Automotive (2022-2030) ($MN)
- Table 28 North America Plastic Processing Machinery Market Outlook, By Construction (2022-2030) ($MN)
- Table 29 North America Plastic Processing Machinery Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 30 North America Plastic Processing Machinery Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 31 North America Plastic Processing Machinery Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 32 North America Plastic Processing Machinery Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 33 Europe Plastic Processing Machinery Market Outlook, By Country (2022-2030) ($MN)
- Table 34 Europe Plastic Processing Machinery Market Outlook, By Product Type (2022-2030) ($MN)
- Table 35 Europe Plastic Processing Machinery Market Outlook, By Injection Molding Machinery (2022-2030) ($MN)
- Table 36 Europe Plastic Processing Machinery Market Outlook, By Blow Molding Machinery (2022-2030) ($MN)
- Table 37 Europe Plastic Processing Machinery Market Outlook, By Extrusion Machinery (2022-2030) ($MN)
- Table 38 Europe Plastic Processing Machinery Market Outlook, By Thermoforming Machinery (2022-2030) ($MN)
- Table 39 Europe Plastic Processing Machinery Market Outlook, By 3D Printing (2022-2030) ($MN)
- Table 40 Europe Plastic Processing Machinery Market Outlook, By Other Product Types (2022-2030) ($MN)
- Table 41 Europe Plastic Processing Machinery Market Outlook, By End User (2022-2030) ($MN)
- Table 42 Europe Plastic Processing Machinery Market Outlook, By Packaging (2022-2030) ($MN)
- Table 43 Europe Plastic Processing Machinery Market Outlook, By Automotive (2022-2030) ($MN)
- Table 44 Europe Plastic Processing Machinery Market Outlook, By Construction (2022-2030) ($MN)
- Table 45 Europe Plastic Processing Machinery Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 46 Europe Plastic Processing Machinery Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 47 Europe Plastic Processing Machinery Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 48 Europe Plastic Processing Machinery Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 49 Asia Pacific Plastic Processing Machinery Market Outlook, By Country (2022-2030) ($MN)
- Table 50 Asia Pacific Plastic Processing Machinery Market Outlook, By Product Type (2022-2030) ($MN)
- Table 51 Asia Pacific Plastic Processing Machinery Market Outlook, By Injection Molding Machinery (2022-2030) ($MN)
- Table 52 Asia Pacific Plastic Processing Machinery Market Outlook, By Blow Molding Machinery (2022-2030) ($MN)
- Table 53 Asia Pacific Plastic Processing Machinery Market Outlook, By Extrusion Machinery (2022-2030) ($MN)
- Table 54 Asia Pacific Plastic Processing Machinery Market Outlook, By Thermoforming Machinery (2022-2030) ($MN)
- Table 55 Asia Pacific Plastic Processing Machinery Market Outlook, By 3D Printing (2022-2030) ($MN)
- Table 56 Asia Pacific Plastic Processing Machinery Market Outlook, By Other Product Types (2022-2030) ($MN)
- Table 57 Asia Pacific Plastic Processing Machinery Market Outlook, By End User (2022-2030) ($MN)
- Table 58 Asia Pacific Plastic Processing Machinery Market Outlook, By Packaging (2022-2030) ($MN)
- Table 59 Asia Pacific Plastic Processing Machinery Market Outlook, By Automotive (2022-2030) ($MN)
- Table 60 Asia Pacific Plastic Processing Machinery Market Outlook, By Construction (2022-2030) ($MN)
- Table 61 Asia Pacific Plastic Processing Machinery Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 62 Asia Pacific Plastic Processing Machinery Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 63 Asia Pacific Plastic Processing Machinery Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 64 Asia Pacific Plastic Processing Machinery Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 65 South America Plastic Processing Machinery Market Outlook, By Country (2022-2030) ($MN)
- Table 66 South America Plastic Processing Machinery Market Outlook, By Product Type (2022-2030) ($MN)
- Table 67 South America Plastic Processing Machinery Market Outlook, By Injection Molding Machinery (2022-2030) ($MN)
- Table 68 South America Plastic Processing Machinery Market Outlook, By Blow Molding Machinery (2022-2030) ($MN)
- Table 69 South America Plastic Processing Machinery Market Outlook, By Extrusion Machinery (2022-2030) ($MN)
- Table 70 South America Plastic Processing Machinery Market Outlook, By Thermoforming Machinery (2022-2030) ($MN)
- Table 71 South America Plastic Processing Machinery Market Outlook, By 3D Printing (2022-2030) ($MN)
- Table 72 South America Plastic Processing Machinery Market Outlook, By Other Product Types (2022-2030) ($MN)
- Table 73 South America Plastic Processing Machinery Market Outlook, By End User (2022-2030) ($MN)
- Table 74 South America Plastic Processing Machinery Market Outlook, By Packaging (2022-2030) ($MN)
- Table 75 South America Plastic Processing Machinery Market Outlook, By Automotive (2022-2030) ($MN)
- Table 76 South America Plastic Processing Machinery Market Outlook, By Construction (2022-2030) ($MN)
- Table 77 South America Plastic Processing Machinery Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 78 South America Plastic Processing Machinery Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 79 South America Plastic Processing Machinery Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 80 South America Plastic Processing Machinery Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 81 Middle East & Africa Plastic Processing Machinery Market Outlook, By Country (2022-2030) ($MN)
- Table 82 Middle East & Africa Plastic Processing Machinery Market Outlook, By Product Type (2022-2030) ($MN)
- Table 83 Middle East & Africa Plastic Processing Machinery Market Outlook, By Injection Molding Machinery (2022-2030) ($MN)
- Table 84 Middle East & Africa Plastic Processing Machinery Market Outlook, By Blow Molding Machinery (2022-2030) ($MN)
- Table 85 Middle East & Africa Plastic Processing Machinery Market Outlook, By Extrusion Machinery (2022-2030) ($MN)
- Table 86 Middle East & Africa Plastic Processing Machinery Market Outlook, By Thermoforming Machinery (2022-2030) ($MN)
- Table 87 Middle East & Africa Plastic Processing Machinery Market Outlook, By 3D Printing (2022-2030) ($MN)
- Table 88 Middle East & Africa Plastic Processing Machinery Market Outlook, By Other Product Types (2022-2030) ($MN)
- Table 89 Middle East & Africa Plastic Processing Machinery Market Outlook, By End User (2022-2030) ($MN)
- Table 90 Middle East & Africa Plastic Processing Machinery Market Outlook, By Packaging (2022-2030) ($MN)
- Table 91 Middle East & Africa Plastic Processing Machinery Market Outlook, By Automotive (2022-2030) ($MN)
- Table 92 Middle East & Africa Plastic Processing Machinery Market Outlook, By Construction (2022-2030) ($MN)
- Table 93 Middle East & Africa Plastic Processing Machinery Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 94 Middle East & Africa Plastic Processing Machinery Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 95 Middle East & Africa Plastic Processing Machinery Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 96 Middle East & Africa Plastic Processing Machinery Market Outlook, By Other End Users (2022-2030) ($MN)
