The global plastic processing machinery market size reached US$ 35.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
Plastic processing machinery refers to the equipment 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. They are used for producing simple to intricate designs while giving a desired shape and size to the plastic by using a rigid mold or frame. They are also used for the production of high-strength, low-weight, fuel-efficient and durable plastic components across various industries, including construction, automotive, packaging, electronics & electrical and agriculture.
The increasing production of consumer goods and electronics, along with rapid industrialization across the globe, is one of the key factors driving the growth of the market. Furthermore, technological advancements, such as 3D printing and automated plastic processing machines, are providing a boost to the market growth. These machines are capable of manufacturing personalized products on a large scale with enhanced flexibility and precision. Widespread utilization of plastic for the manufacturing of food and beverage packaging solutions is acting as another growth-inducing factor. Various ready-to-eat foods and beverages are packed in attractive plastic containers for longer shelf-life and convenient storage. Other factors, including the implementation of favorable government policies promoting domestic plastic industries, especially in the developing nations, along with the adoption of plastic recycling machinery, are projected to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global plastic processing machinery market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, plastic type and end-use industry.
Breakup by Product Type:
Blow Molding Machinery
Compression Molding Machinery
Extrusion Molding Machinery
Injection Molding Machinery
Rotational Molding Machinery
Breakup by Plastic Type:
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Breakup by End-Use Industry:
Electronic and Electrical Industry
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market 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, Toshiba Machine Co. Ltd., etc.
Base Year of the Analysis
Product Type, Plastic Type, End-Use Industry, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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.
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Key Questions Answered in This Report
The global plastic processing machinery market was valued at US$ 35.0 Billion in 2022.
We expect the global plastic processing machinery market to exhibit a CAGR of 3.8% during 2023-2028.
The rising utilization of plastic processing machinery across various industries, such as construction, automotive, packaging, agriculture, etc., for producing high-strength, low-weight, fuel-efficient, and durable plastic components, is primarily driving the global plastic processing machinery market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for plastic processing machinery.
Based on the product type, the global plastic processing machinery market can be segmented into blow molding machinery, compression molding machinery, extrusion molding machinery, injection molding machinery, rotational molding machinery, and others. Currently, injection molding machinery holds the majority of the total market share.
Based on the plastic type, the global plastic processing machinery market has been divided into Polypropylene (PP), Polyethylene (PE), Polyurethane (PUR), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS), and others. Among these, Polypropylene (PP) currently exhibits a clear dominance in the market.
Based on the end-use industry, the global plastic processing machinery market can be categorized into packaging industry, construction industry, automotive industry, electronic and electrical industry, agriculture industry, and others. Currently, the packaging industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global plastic processing machinery market include 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, Toshiba Machine Co. Ltd., etc.
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