Global Plastic Processing Machinery Market 2024-2028

Plastic Processing Machinery Market 2024-2028

The plastic processing machinery market is forecasted to grow by USD 3244.8 mn during 2023-2028, accelerating at a CAGR of 3.3% during the forecast period. The report on the plastic processing machinery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of automated machines, high demand from food and beverage packaging industry, and increase in demand for plastic products.

Technavio's plastic processing machinery market is segmented as below:

• By End-user
• Packaging
• Construction
• Automotive
• Others
• By Product
• IMM
• Extrusion machine
• BMM
• Others
• By Geographical Landscape
• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the integration of iot with plastic processing machinery as one of the prime reasons driving the plastic processing machinery market growth during the next few years. Also, implementation of additive manufacturing and co-bots for injection molding applications will lead to sizable demand in the market.

The report on the plastic processing machinery market covers the following areas:

• Plastic Processing Machinery Market sizing
• Plastic Processing Machinery Market forecast
• Plastic Processing Machinery Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plastic processing machinery market vendors that include 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.. Also, the plastic processing machinery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.