What is Plastic Processing Machinery Market Scope?
Plastic processing machinery is used for converting various types of plastics into semi-finished plastic products. Some of the commonly used plastic processing machines include plastic injection, extrusion, blow molding, vacuum forming, and rotational molding. Increasing demand for plastics from the packaging industry has projected the growth of the global plastic processing machinery market in the forecast period.
The Plastic Processing Machinery market study is being classified by Type (Injection Molding Machinery, Blow Molding Machinery, Extrusion Machinery, Thermoforming Machinery, 3D Plastic Printers and Others) and major geographies with country level break-up. According to AMA, the Global Plastic Processing Machinery market is expected to see growth rate of 5.37% and may see market size of USD43.12 Billion by 2026.
Research Analyst at AMA predicts that Manufacturers from European will contribute to the maximum growth of Global Plastic Processing Machinery market throughout the predicted period.
KraussMaffei Group (Germany), Brown Machine Group (United States), Haitian International Holdings Limited (China), Engel Austria GmbH (Austria), Kautex Maschinenbau GmbH (Germany), Graham Engineering Corporation (United States), Gurucharan Industries (India), Milacron LLC (Hillenbrand Inc.) (United States), The Japan Steel Works Ltd (Japan) and Sumitomo Heavy Industries (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Arburg GmbH + Co KG (Germany) and Husky Injection Molding Systems Ltd (Canada).
Analyst at AMA have segmented the market study of Global Plastic Processing Machinery market by Type, Application and Region.
On the basis of geography, the market of Plastic Processing Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 21st November 2019, Hillenbrand, Inc. has announced that it has completed the acquisition of Milacron Holdings Corp. in a cash and stock transaction valued at approximately USD1.9 billion, including the repayment of Milacron's outstanding debt.
September 2020 - Engel Austria expanded the series of e-speed mold injection into the lower clamping force ranges, with a particular focus on manufacturers of thin-walled containers, buckets, and matching lids.
Influencing Market Trend
- Increasing Trend of Diversification of Product Usage and Variability in Functional Requirements
- Rising Adoption of Plastic Molding Processing Technology
- Rapid Rise in the Production of Plastic Goods along with a Healthier Sales Climate
- Increasing Demand for Plastics from the Packaging Industry
- Technological Development and Advancement in the Plastic Processing Machinery
- Fluctuating Raw Material Prices
- Initial Investment Cost is High
Key Target AudiencePlastic Processing Machinery Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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