Plastics Processing Machinery Market Size & Growth Report to 2030

The global plastics processing machinery market size is expected to grow at a significant CAGR of around 5% during the forecast period from 2023 to 2030. The market is fueled by a combination of factors. The persistent demand for plastic products in diverse sectors, including packaging, automotive, and electronics, drives the need for efficient machinery. Technological advancements, such as automation and energy-efficient designs, attract industries seeking higher productivity and reduced waste. Environmental concerns lead to sustainable machinery solutions that address plastic waste and promote recycling. Evolving material innovations and lightweighting trends necessitate adaptable machinery. Customization, rapid prototyping, and the growth of middle-class populations drive machinery demand. E-commerce’s rise boosts plastic packaging needs, while urbanization and infrastructure projects create demand for construction-related plastics. Global trade complexities also influence machinery choices, collectively shaping the market’s trajectory.

Market Snapshot:

Market Drivers:

• Growing Demand for Plastic Products: The pervasive use of plastics in various industries, ranging from packaging and automotive to electronics and healthcare, has led to a continuous demand for plastics processing machinery. As consumers and businesses rely on plastic-based goods, manufacturers need efficient machinery to meet production requirements and keep up with market demands.
• Technological Advancements: The plastics processing machinery industry has witnessed significant technological advancements, including automation, precision control, and energy-efficient designs. Manufacturers are increasingly seeking machinery that offers higher throughput, reduced energy consumption, and enhanced product quality. These innovations attract industries aiming to optimize their production processes and stay competitive in the market.
• Rising Awareness of Environmental Concerns: Growing environmental awareness has spurred the development of plastics processing machinery that aligns with sustainable production practices. This includes machinery designed for recycling and processing bio-based plastics, addressing concerns related to plastic waste and its impact on the environment.
• Innovations in Materials: The continual evolution of plastic materials, including biodegradable plastics and advanced composites, creates a need for machinery that can effectively process these new materials. Machinery manufacturers are working to adapt their equipment to accommodate the unique characteristics of these materials, broadening the potential applications of plastics.
• Customization and Rapid Prototyping: Industries today require machinery that enables rapid prototyping and customization. Plastics processing machinery that supports flexible production processes, quick tool changes, and efficient adjustments caters to industries where consumer preferences and market trends evolve rapidly.
• Increased Focus on Lightweighting: The trend towards lightweighting in industries like automotive and aerospace necessitates the production of lightweight plastic components. Plastics processing machinery plays a pivotal role in manufacturing parts that offer high strength-to-weight ratios, enhancing fuel efficiency and performance.
• Automation and Industry 4.0: The integration of automation, data exchange, and IoT technologies (Industry 4.0) into plastics processing machinery optimizes production workflows. Automated systems enhance precision, reduce errors, and provide real-time insights, fostering more efficient and streamlined operations.

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Market Insights:

Market Analysis by Type:

The global plastics processing machinery market is bifurcated into type, material, end-use industry, and geography. On the basis of type, the injection molding machines segment dominated the global market. This is due to the widespread use of injection-molded plastic components in various industries, including automotive, consumer goods, electronics, and medical devices. The versatility of injection molding allows for the production of complex and precise parts, which aligns well with industries requiring high-quality and intricate plastic components. Moreover, the automotive and packaging sectors have consistently demanded injection-molded parts for their products, further contributing to the dominance of this segment.

Extruder Machines: Extrusion is a widely used process for shaping plastic materials into various forms. Extruder machines facilitate this process by melting plastic pellets and forcing the molten material through a shaped die to create continuous profiles, pipes, films, and sheets. The versatility of extruder machines makes them suitable for applications across industries like packaging, construction, and automotive.

Injection Molding Machines: Injection molding is a precision manufacturing process that involves injecting molten plastic material into a mold cavity. Injection molding machines are essential for producing intricate and complex plastic components used in automotive parts, consumer goods, and medical devices, among others.

Blow Molding Machines: Blow molding machines are used to create hollow plastic products, such as bottles, containers, and tanks. This process involves inflating heated plastic material into a mold cavity, shaping it to the desired form. Blow molding is prevalent in the packaging industry, catering to the demand for plastic bottles and containers.

Vacuum Forming Machines: Vacuum forming is a technique used to shape thermoplastic sheets into three-dimensional forms by applying heat and vacuum pressure. Vacuum forming machines are commonly employed in creating product packaging, trays, displays, and automotive interior parts.

Others: This category encompasses additional types of plastics processing machinery that might include rotational molding machines, compression molding machines, and specialized equipment for unique applications.

Market Analysis by End-Use Industry:

On the basis of end-use industry, the global plastics processing machinery market is further segmented into packaging, automotive, construction, consumer goods, and others. The packaging industry segment often emerges as a dominant segment in the global market. Plastics offer unparalleled versatility, durability, and customization options for packaging materials, containers, and bottles. With the increasing demand for packaged goods across diverse sectors such as food, beverages, cosmetics, pharmaceuticals, and e-commerce, the packaging industry continuously seeks efficient and innovative plastics processing solutions. Injection molding and blow molding machines are extensively employed to produce packaging items that ensure product protection, hygiene, and convenience. As consumer preferences evolve and sustainability becomes a focal point, the packaging industry’s dominance might further expand due to the need for eco-friendly packaging solutions and the ongoing drive for product differentiation.

Packaging: The packaging industry relies heavily on plastics processing machinery to produce various types of packaging materials, containers, and bottles. Plastics offer versatility, durability, and design possibilities that cater to the packaging needs of food and beverages, cosmetics, pharmaceuticals, and other consumer goods. Injection molding and blow molding machines are commonly used in this sector to create packaging solutions that ensure product safety, hygiene, and convenience.

Automotive: The automotive industry utilizes plastics processing machinery to manufacture a wide range of plastic components for vehicles. Injection molding machines play a crucial role in producing interior and exterior parts, including dashboards, bumpers, door panels, and intricate interior trims. Lightweight and durable plastic components help improve fuel efficiency and reduce overall vehicle weight.

Construction: Plastics processing machinery is integral to the construction sector for creating plastic materials used in building and infrastructure projects. Extruder machines are commonly employed to produce pipes, profiles, and sheets used in construction applications such as plumbing, roofing, insulation, and structural elements.

Consumer Goods: Consumer goods encompass a broad range of products, including electronics, appliances, furniture, and toys, which rely on plastics processing machinery to create plastic parts with desired shapes, colors, and functionalities. Injection molding machines enable the production of intricate and aesthetically pleasing components for various consumer products.

Others: The “Others” category includes end-use industries that might not fall directly into the aforementioned segments but still require plastics processing machinery. This could include sectors like healthcare, electronics, agriculture, and industrial equipment manufacturing, among others.

The plastics processing machinery market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Type:

• Extruder Machines
• Injection Molding Machines
• Blow Molding Machines
• Vacuum forming
• Others

By Material:

• Polyolefin
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Acrylonitrile Butadiene Styrene (ABS)
• Others

By End-Use Industry:

• Packaging
• Automotive
• Construction
• Consumer Goods
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, the Asia Pacific dominated the global plastic processing machinery market in 2022 and expected to grow at the same trend over the forecast period. APAC’s economic growth, rapid industrialization, and vast manufacturing base have positioned it as a frontrunner in the plastics processing machinery market. APAC’s dominance can be attributed to several key factors. The region’s robust manufacturing sector, particularly in countries like China and India, has led to substantial demand for plastics processing machinery to support industries ranging from automotive and electronics to consumer goods and packaging. Moreover, the rising middle-class population in these countries has bolstered consumer demand for plastic products, further fueling the need for efficient machinery. Furthermore, APAC’s role as a global manufacturing hub makes it a significant player in the plastics industry supply chain, with multiple industries relying on plastics for their products. The availability of skilled labor, evolving technology adoption, and supportive government policies also contribute to the region’s dominance.

The plastics processing machinery market in the Asia-Pacific (APAC) region has been experiencing substantial growth driven by a combination of influential factors. Rapid industrialization in countries like China and India has led to heightened demand for plastic products across various industries, necessitating efficient plastics processing machinery to meet production needs. As a global manufacturing hub, APAC’s manufacturing capabilities have fueled the demand for advanced equipment, catering to both domestic and international markets. The region’s rising middle-class population has further amplified consumer demands for plastic goods, spanning from packaging to consumer electronics.

Furthermore, the infrastructure development projects, including construction and urbanization, have spurred the requirement for plastic materials used in various applications, consequently driving the need for plastics processing machinery. Additionally, the expanding packaging industry, technological advancements, and government initiatives promoting industrial growth have collectively contributed to the market’s expansion. As APAC embraces technological innovations and manufacturing efficiencies, the demand for high-quality plastics processing machinery remains pivotal in sustaining the region’s economic growth and competitiveness.

Competitive Landscape:

Some of the major market players operating in the global plastics processing machinery market are Husky Injection Molding Systems, Arburg GmbH + Co KG, ENGEL Austria GmbH, KraussMaffei Group, and Sumitomo (SHI) Demag Plastics Machinery GmbH. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. For instance:

• In June 2022, a collaborative effort between ALPLA Group, Brink, IPB Printing, and ENGEL resulted in the introduction of K 2022, a transformative milestone for the packaging sector. This advancement facilitates the production of PET thin-walled containers through a single injection molding process, marking a groundbreaking achievement. Within the exhibition booth of Austrian injection molding equipment provider ENGEL, a demonstration showcases the processing of recycled PET. The remarkable feat is achieved using an ENGEL e-speed injection molding machine equipped with a newly developed, remarkably powerful injection unit.
• In July 2022, Husky Technologies, a prominent figure in the plastics processing machinery sector, enhanced its mold controller software portfolio and unveiled the latest iteration of its Altanium® mold controllers. The second-generation control algorithm, named Advanced Reasoning Technology (ART 2.0), represents a significant advancement. This cutting-edge offering stands out for its enhanced productivity and efficiency, setting it apart from various alternatives available in the market. Similarly, in December 2021, SACMI Group, another influential player in the industry, introduced the IPS 300—a PET preform production machine. This machine is distinguished by its integration of IoT technology, rendering it a fully automated and digitally-driven solution.
• During July 2022, SACMI Group inaugurated its fresh regional headquarters in Mumbai, India, focusing on its Rigid Packaging Business sector. Similarly, in January 2021, Haitian Vietnam Ltd., a subsidiary of Haitian Group in Vietnam, unveiled its modern showroom in Ho Chi Minh City. Spanning 1000 square meters, the new establishment accommodates versatile space modules designed for product exhibition, meetings, after-sales training, spare parts storage, and office functions.

Key Companies:

• Husky Injection Molding Systems
• Arburg GmbH + Co KG
• ENGEL Austria GmbH
• KraussMaffei Group
• Sumitomo (SHI) Demag Plastics Machinery GmbH
• Milacron Holdings Corp.
• UBE Machinery Inc.
• Nissei Plastic Industrial Co., Ltd.
• Chen Hsong Holdings Limited
• Wittmann Battenfeld

Key Questions Answered by Plastics Processing Machinery Market Report

• Global plastics processing machinery market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Plastics processing machinery submarket forecasts from 2023-2030 covering the market by type, material, end-use industry, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level plastics processing machinery markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market