Global Plastic Machinery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Plastic Machinery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Plastic Machinery market finds that the global Plastic Machinery market reached a value of USD 40935.2 million in 2022. It’s expected that the market will achieve USD 59888.98 million by 2028, exhibiting a CAGR of 6.55% during the forecast period.

Increased Demand in Emerging Markets

The development of the Plastic Machinery industry is driven by the upgrading of downstream consumption. The processing difficulty of plastic products and the proportion of plastics have increased. Product changes in the downstream field have brought about accelerated innovation of Plastic Machinery, which has brought to the Plastic Machinery industry. acceleration. The introduction of new products in downstream industries has continuously expanded the demand market.

For example, in recent years, there are endless varieties of new home appliances, such as dishwashers, built-in ovens, multi-function vacuum cleaners, air purifiers, sweeping robots, water purifiers, clothes dryers and other emerging products have expanded the types and scope of applications of Plastic Machinery. Will accelerate the replacement of Plastic Machinery. In addition, the world is in a new wave, and the development of consumer electronics such as mobile phones has further stimulated the demand for Plastic Machinery. Among them, plastic parts, including mobile phone casings, protective covers, plastic strips, buttons, chargers, etc., all require sophisticated Plastic Machinery to complete, and the market demand for higher-tech Plastic Machinery is increasing. Therefore, the steady increase in the output of mobile phones has provided the main driving force for the development of the Plastic Machinery industry.

Price Variance Caused by Fluctuations in Raw Material Prices

Plastic Machinery's mechanical parts are related to the prices of raw materials and steel, and changes in steel prices will affect the prices of various raw materials. From the relevant disclosures, a large number of smaller Plastic Machinery companies direct materials accounted for approximately 85% of the total cost, while the more mature companies direct materials accounted for a slightly lower proportion of the total cost, which will also be close to 70%. The overall cost control of the industry is difficult, and the cost depends on the cost of upstream raw materials. Therefore, the fluctuation of raw material prices is a very important limiting factor for the development of the industry. In the future, under pressure from the supply side and environmental protection, there is still the possibility of substantial price increases for raw materials, which will affect the profitability of injection molding machine manufacturers.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (39.56% in 2021).

Company Overview:

Haitian International is one of the major players operating in the Plastic Machinery market, holding a share of 3.97% in 2020.

Haitian International

Haitian International Holdings Ltd. designs, develops, manufactures, sells and supports plastic injection molding machines and related parts. The Company's products are used in such industries as automotive, construction materials, healthcare, logistics, packaging, IT, household appliances, electronics and other consumer products, to produce plastic products and parts.

Engel

Engel Machinery, Inc. manufactures injection molding machines and plastics processing machines. The Company offers tie bar-less clamping units, hybrid machines with hydraulics, electrical injection units, and machinery, as well as provides support, telephone, training and maintenance, and remote service.

Segmentation Overview:

As for product types, the Injection Molding Machine segment held the largest market share in 2021.

Injection Molding Machine

An Injection molding machine, or, also known as an injection press, is a machine for manufacturing plastic products by the injection molding process. It consists of two main parts, an injection unit and a clamping unit.

Extruder Machine

Extrusion is when a material, usually pellets, dry powder, rubber, plastic, metal bar stock or even food is heated and pushed through a die, and extrusion machinery is simply the machine used to complete the extrusion process.

Rolling Mill Machine

Roller mills are mills that use cylindrical rollers, either in opposing pairs or against flat plates, to crush or grind plastic.

Blow Molding Machine

Blow molding Machinery is a machine that can manufacture for forming and joining together hollow plastic parts. It is also used for forming glass bottles or other hollow shapes. In general, there are three main types of blow molding: extrusion blow molding, injection blow molding, and injection stretch blow molding.

Application Overview:

The market's largest segment by application is the segment Thermosetting Plastics, with a market share of 67.99% in 2021.

Thermoplastics

A thermoplastic is a material, usually a plastic polymer, which becomes softer when heated and hard when cooled. Thermoplastic materials can be cooled and heated several times without any change in their chemical or mechanical properties. When thermoplastics are heated to their melting point, they melt into a liquid.

Thermosetting Plastics

A thermosetting plastic is a polymer that is irreversibly hardened by curing from a soft solid or viscous liquid pre-polymer or resin.

Key Companies in the global Plastic Machinery market covered in Chapter 3:

Shibaura Machine
Engel
Milacron
Ube Machinery Corporation, Ltd.
FANUC
WITTMANN Kunststoffgeräte
Fu Chun Shin Machinery
KraussMaffei Technologies
Sacmi Imola SC
Sodick
Sumitomo Heavy Industries
Battenfeld-Cincinnati
Haitian International
BOY Machines
Cosmos Machinery Enterprises
Davis-Standard
Husky Injection Molding Systems
Kobelco
Japan Steel Works
Arburg

In Chapter 4 and Chapter 14.2, on the basis of types, the Plastic Machinery market from 2018 to 2029 is primarily split into:

Injection Molding Machine
Extruder Machine
Blow Molding Machine
Rolling Mill Machine
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Plastic Machinery market from 2018 to 2029 covers:

Thermoplastics
Thermosetting Plastics

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)