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The plastic processing machinery market size is forecast to increase by USD 3.24 billion, at a CAGR of 3.3% between 2023 and 2028. The market is witnessing significant growth due to the increasing adoption of automated machines and the integration of Internet of Things (IoT) technology. These advancements enable enhanced productivity, improved product quality, and reduced downtime. Furthermore, the use of refurbished plastic processing machinery, including pelletizers, screening machines, crushers, grinders, compression molding machines, extruders, blow molding machines, calenders, and rotational molding machines, is gaining popularity due to cost savings and sustainability. These trends are driving the market for plastic processing machinery, offering lucrative opportunities for manufacturers and suppliers.
The market has witnessed significant growth over the past few years, driven by the increasing demand for plastics in various end-use industries such as packaging, automotive, construction, and consumer goods. In this dynamic market, several key technologies and machinery play a crucial role in the production and processing of plastics. General-purpose machinery is the backbone of the plastics processing industry. This machinery includes devices designed for fluid conveying and solid conveying, separation, crushing, grinding, drying, and various other processes. Fluid conveying machinery is essential for transporting molten plastics from one process to another, while solid conveying machinery is used for handling and transporting solid plastic materials. Separation technology is another critical component of plastics processing.
This technology is used to separate different types of plastics or impurities from the plastic material stream. Crushing and grinding machinery are used to reduce the size of large plastic parts or waste materials, making them easier to handle and process. Drying machinery is essential for removing moisture from plastic materials before processing, ensuring optimal performance and product quality. Plastic machinery encompasses a wide range of devices used for processing and shaping plastic materials. Extruder machines are used to melt and shape plastic materials into various forms, such as pipes, sheets, and films. Injection molding machines are used to produce complex parts by injecting molten plastic material into a mold. Film blowing machines are used to produce plastic films, while blow molding machines are used to produce hollow plastic parts, such as bottles. Plastic molding machinery includes a variety of devices, such as kneaders, plastic mixing machines, internal mixers, pelletizers, screening machines, crushers, grinders, compression molding machines, and extruders.
Kneaders are used to mix and knead plastic materials, while plastic mixing machines and internal mixers are used to homogenize and disperse additives in plastic materials. Pelletizers are used to convert plastic waste or scrap into pellets, which can be reused in the production process. Screening machines are used to separate plastic materials by size, while crushers and grinders are used to reduce the size of large plastic parts or waste materials. Compression molding machines are used to shape plastic materials under high pressure and temperature. Extruders are essential devices used in various plastics processing applications, including the production of pipes, films, and sheets. Blow molding machines are used to produce hollow plastic parts, such as bottles and containers. Calenders are used to produce plastic films and sheets by passing the molten plastic material through a series of rollers. In conclusion, the plastics processing industry is driven by a diverse range of technologies and machinery. From fluid conveying and solid conveying devices to separation, crushing, grinding, drying, and plastic machinery, each technology plays a critical role in the production and processing of plastics. As the demand for plastics continues to grow, the market for plastics processing machinery is expected to expand, offering significant opportunities for innovation and growth.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The packaging segment is estimated to witness significant growth during the forecast period. The market caters to various industries, with a significant focus on the food and beverage sector. In this industry, flexible packaging solutions have gained popularity due to their ability to accommodate high-volume packaging of ready-to-eat products. The demand for on-the-go snacks and convenience food continues to rise, necessitating innovative packaging methods.
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The packaging segment was valued at USD 7.54 billion in 2018. Plastic processing machinery, including foaming machines, thermoforming machines, welding machines, and heat sealing machines, play a crucial role in producing containers with the desired mechanical properties from a range of polymer options. These machines ensure both food safety and consumer convenience while maintaining versatility in packaging designs. The food and beverage industry's shift towards flexible packaging is expected to drive the growth of the plastic processing machinery market.
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APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in the Asia Pacific (APAC) region is experiencing significant growth due to the increasing demand from industries such as food and beverage. Population expansion and escalating per capita income have led to a rise in the consumption of convenience and processed food in countries like China, South Korea, Japan, India, Thailand, Malaysia, and Australia. This trend has resulted in a heightened need for plastic processing machinery to produce plastic powder, granules, heat thermoplastic sheets, and manufacture plastic film. However, the majority of food and beverage enterprises in APAC are Small and Medium-sized Enterprises (SMEs), which often operate on a smaller scale than global counterparts. In some countries, the food and beverage sector remains unorganized, hindering the swift adoption of automated plastic processing machinery. Key components of plastic processing machinery include feed rollers, form stations, and mating dies.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing adoption of automated machines is notably driving market growth. Plastic processing machinery is undergoing automation to meet the growing market demands for flexibility and precision in product design. companies are integrating automated software to connect standalone machines with the production line, enabling large-scale industrial plants to partially automate their processes. This results in increased performance, reduced manpower requirements, and fewer human errors.
Furthermore, robots are increasingly being used in plastic processing, such as in the case of automated Injection Molding Machines (IMMs), which are equipped with robots for effortless removal of manufactured plastic parts. Automation in plastic processing machinery is a significant trend, enhancing productivity and efficiency in the industry. Thus, such factors are driving the growth of the market during the forecast period.
Integration of IoT with plastic processing machinery is the key trend in the market. Plastic processing machinery plays a vital role in the manufacturing industry, with various types of equipment such as pelletizers, screening machines, crushers, grinders, compression molding machines, extruders, blow molding machines, calenders, and rotational molding machines. IoT integration in these machines offers numerous benefits, including real-time identification and communication of failure points to operators for prompt maintenance.
Additionally, data collection facilitated by IoT sensors enhances predictive maintenance, ensuring optimal machine performance and prolonged uptime. The adoption of smart manufacturing in the market is on the rise, enabling end-users to enhance production quality and efficiency while reducing production time. IoT-enabled sensors in these machines enable data processing using advanced computing techniques, allowing for faster production without human intervention. Thus, such trends will shape the growth of the market during the forecast period.
Increased use of refurbished plastic extrusion machines is the major challenge that affects the growth of the market. Plastic processing machinery, including extruder machines, injection molding machines, film blowing machines, blow molding machines, plastic molding machinery, kneaders, and plastic mixing machines, play a crucial role in the manufacturing industry. Extrusion machines, specifically, involve supporting equipment like die tooling machines and pull machines. However, the high cost of extrusion machines limits their adoption in small-scale businesses or industries.
In Asia, where the manufacturing sector is dominated by Small and Medium Enterprises (SMEs), the demand for refurbished plastic processing machinery has increased due to their affordability. This trend benefits manufacturers by enabling them to manage capital investments effectively, especially for small businesses that struggle to purchase new machinery. Conversely, for companies of new plastic processing machinery, this presents a significant challenge, as it impacts their sales volume. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ARBURG GmbH Co KG - The company offers injection molding machines which includes hydraulic machines, hybrid machines, electric machines, cube-mould machines, vertical machines.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Plastic processing involves the use of various devices and machinery to transform raw plastic materials into finished products. General-purpose plastic machinery encompasses a wide range of equipment, including fluid conveying systems for transporting liquids and solids, and separation equipment for removing impurities. Crushing, grinding, drying, and plastic machinery such as extruder machines, injection molding machines, film blowing machines, blow molding machines, and plastic molding machinery are essential for manufacturing plastics. Kneaders, plastic mixing machines, internal mixers, pelletizers, screening machines, crushers, grinders, compression molding machines, extruders, blow molding machines, calenders, rotational molding machines, foaming machines, and thermoforming machines are all integral parts of the plastics processing industry. The versatility of plastics allows for the production of various containers and parts using a wide range of materials, including resin pellets, thermoplastic sheets, film, and plastic powder.
The mechanical properties of these materials can be manipulated through different manufacturing processes to create part geometries that meet specific requirements. Plastic machinery, such as injection molding machines, plays a crucial role in mass manufacturing plastic parts. These machines use a heated barrel, auger, and metal mold to create fixed shape or hollow plastic products from thermoplastics. Air pressure is used to force the molten plastic material into the mold, which is then cooled and solidified to create the desired hollowed plastic parts. The plastics processing industry continues to evolve, offering new opportunities for innovation and growth.
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Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.3% |
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Market Growth 2024-2028 |
USD 3.24 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.1 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 54% |
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Key countries |
China, US, Japan, Germany, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alpha Marathon Film Extrusion Technologies Inc., Aoki Technical Laboratory Inc., ARBURG GmbH Co KG, BEKUM Maschinenfabriken GmbH, Cannon Spa, Chen Hsong Holdings Ltd., Cosmos Machinery Enterprises Ltd., ENGEL Austria GmbH, Graham Engineering Corp., Gurucharan Industries, Haitian International Holdings Ltd., Hillenbrand Inc., Husky Technologies, Kautex Maschinenbau GmbH, KraussMaffei Group GmbH, Negri Bossi Spa, Ningbo Haida Plastic Machinery Co. Ltd., Shibaura Machine Co. Ltd., Sumitomo Heavy Industries Ltd., and The Japan Steel Works Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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