Global Plastic Processing Machinery Market to Reach US$ 50.4 Billion by 2032, Propelled by Rapid Industrialization

November 08, 2022 | Heavy Industry

The latest report by IMARC Group, titled “Plastic Processing Machinery Market Report by Product Type (Blow Molding Machinery, Compression Molding Machinery, Extrusion Molding Machinery, Injection Molding Machinery, Rotational Molding Machinery, and Others), Plastic Type (Polypropylene (PP), Polyethylene (PE), Polyurethane (PUR), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS), and Others), End-Use Industry (Packaging Industry, Construction Industry, Automotive Industry, Electronic and Electrical Industry, Agriculture Industry, and Others), and Region 2024-2032”, finds that the global plastic processing machinery market reached a value of US$ 36.4 Billion in 2023. Plastic processing machinery refers to the equipment used to transform various types of plastics into semi-finished plastic products. Some of the most used plastic processing machines include blow molding, plastic injection, extrusion, vacuum forming, and rotational molding. These machines produce intricate as well as simple designs while giving a desired shape and size to the plastic with the help of a rigid frame or mold. In recent years, plastic processing machinery has gained traction as they assist in producing lightweight, high-strength, fuel-efficient, and durable plastic components across various industry verticals, including automotive, electronic and electrical, packaging, and agriculture.

Global Plastic Processing Machinery Market Trends:

One of the primary factors driving the market is rapid industrialization and the increasing production of consumer goods and electronics. Additionally, numerous technological developments, such as 3D printing and automated plastic processing machines, are creating a positive market outlook. Other than this, the significant demand for plastics is leading to the widespread utilization of plastic processing machinery, thereby creating a positive market outlook. Besides this, plastic processing is gaining popularity across packaging industries on account of its toxin-resistant and contaminant-free nature. In line with this, the extensive adoption of plastic processing machinery in the medical industry for manufacturing prosthetic tools and artificial limbs is propelling the market growth. Furthermore, these machines are capable of producing personalized products on a large scale with better precision and flexibility. Other growth-inducing factors include the implementation of favorable government policies and the adoption of plastic recycling machinery. Looking forward, IMARC Group expects the market value to reach US$ 50.4 Billion by 2032, expanding at a CAGR of 3.6% during the forecast period (2024-2032).

Market Summary:

  • Based on the product type, the market has been divided into blow, compression, extrusion, injection, rotational, and other molding machinery.
  • On the basis of the plastic type, the market has been segregated into polypropylene (PP), polyethylene (PE), polyurethane (PUR), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), and others.
  • Based on the end use industry, the market has been segmented into packaging, construction, automotive, electronic and electrical, agriculture, and other industries.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  •  The competitive landscape of the market has also been analyzed, with some of the key players being Arburg GmbH, Cosmos Machinery, Haitian Plastics Machinery Group Co. Ltd., Husky Injection Molding Systems, Japan Steel Works Ltd., Milacron Holdings Corporation, Niigata Machine Techno Company Ltd., Sumitomo Heavy Industries, and Toshiba Machine Co. Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Plastic Type, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arburg GmbH, Cosmos Machinery, Haitian Plastics Machinery Group Co. Ltd., Husky Injection Molding Systems, Japan Steel Works Ltd., Milacron Holdings Corporation, Niigata Machine Techno Company Ltd., Sumitomo Heavy Industries and Toshiba Machine Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Plastic Processing Machinery Market to Reach US$ 50.4 Billion by 2032, Propelled by Rapid Industrialization
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More