Who are the Key Manufacturers in the Plastic Processing Machinery Industry?

Posted on 2024-04-17 by researchinsights in Industrial // 0 Comments

Plastic Processing Machinery Industry Data Book – Plastic Injection Molding Machine, Plastic Extrusion Machinery, Plastic Blow Molding Machine Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

The global Plastic Processing Machinery Industry generated over USD 21.13 billion in 2022 and is projected to grow at a significant CAGR from 2023 to 2030

Grand View Research’s plastic processing machinery industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Access the Global Plastic Processing Machinery Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Plastic Injection Molding Machine Market Growth & Trends

The global plastic injection molding machine market size is anticipated to reach USD 17.1 billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of plastic injection molding machines in the automotive, electronics, and packaging industries is likely to be the key driver for the growth of the industry over the forecast period.

Plastic injection molding is suitable for producing various exterior automotive components such as mudguards, door panels, wheel arches, grilles, trunk trims, front and rear covers, and outside car door trims. Automotive injection molding is an important manufacturing process in the automotive industry, where safety, consistency, and quality are critical.

The automobile end-use category accounts for a sizable portion of the injection molding machine market. A variety of automobile parts, such as outer body panels, bumpers, spoilers, dashboards, and electrical housings, are made using plastic injection molding machines. Many automotive interior parts are manufactured using plastic injection molding as well as the instrumentation components, interior surfaces, glove boxes, dashboard faceplates, air vents, and other items. Rapid growth in demand for automotive components has boosted global automobile production, resulting in a high demand for injection-molded parts in the automotive industry.

Plastic injection molding is utilized for the formation of plastic packaging for a variety of applications and in a variety of forms. The injection method is used to manufacture food and beverage containers, creatively designed body care packaging, and even packaging for household chemicals. The plastic injection molding technique solves problems related to barrier protection, handling, product visibility, salability, and aesthetics.

Plastic Injection Molding Machine Market, by Country, 2022 (%)

Order your copy of the Free Sample of “Plastic Processing Machinery Industry Data Book – Plastic Injection Molding Machine, Plastic Extrusion Machinery, Plastic Blow Molding Machine Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Plastic Blow Molding Machine Market Growth & Trends

The global plastic blow molding machine market size is anticipated to reach USD 4.04 billion by 2030, growing at 3.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. High demand for packaged goods in the food and beverage industry, increasing use of plastic blow molding machines in the production of industrial and automotive components, and rising need for plastic packaging solutions in the pharmaceutical industry are major factors driving market revenue growth.

In addition, the machines are widely used in several applications and sectors including plastic packaging, chemical, automobile, pharmaceuticals, lubricants, edible oils, FMCG, and others. The surge in demand for sanitizing and cleaning products fueled the adoption of blow molding machines to manufacture sanitizers, hand soaps, and hydrogels.

Plastic packaging alternatives are in high demand in the pharmaceutical business because they protect drugs from contamination and extend their shelf life. Plastic blow molding machines are used to create containers, plastic bottles, and vials, often used as packaging materials in the pharmaceutical industry. For instance, Bekum Maschinenfabriken GmbH announced the introduction of the BM 902D, a new, high-performance blow molding machine, in 2021. The machine has a cutting-edge hydraulic system and an intuitive user interface and is built to create massive parts with excellent precision and productivity.

Growing preferences for molded plastic products, rising demand due to the material’s flexibility, rising demand due to the prevalence of low labor costs, and low waste production are some of the factors that will likely propel the growth of the plastic blow molding machine industry over the forecast period. On the other hand, as technology continues to progress, it will create more potential for the market for plastic blow molding machines to expand over the coming years. For instance, Taiwan-based Parker Plastic Machinery Co. Ltd., a producer of plastic blow molding machines, offers its fully electric plastic blow molding machines. It is growing in recognition for its high-performance hydraulic power-saving technology.

Go through the table of content of Plastic Processing Machinery Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Plastic Processing Machinery Industry are:

Arburg GmbH + Co KG
Haitian International Holdings Limited
Milacron
Nissei Plastic Industrial Co., Limited
Engel Austria GmbH

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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