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

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

Report Format: PDF+Excel | Report ID: SR112024A2026
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Plastic Processing Machinery Market Size:

The global plastic processing machinery market size reached US$ 36.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032. Growing product demand from a variety of industries, continuous technological innovation, sustainability in production with eco-friendly mechanisms, escalating automation, a focus toward advanced materials, and rising applications in the construction and healthcare sectors are some of the factors fostering the market growth.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 36.4 Billion
Market Forecast in 2032
US$ 50.4 Billion
Market Growth Rate 2024-2032 3.6%

Plastic Processing Machinery Market Analysis:

  • Market Growth and Size: The global plastic processing machinery market is growing robustly, due to the unceasing demand for plastics in the packaging and food and beverage (F&B) industries. The steady demand of plastics in medical devices is also being spurred on by the rising disposable incomes, and burgeoning medical investments in low-income and middle-income countries and their awareness about better medical sanitation and care. The plastic processing machinery market share is further supported by the growing investments by the industry key players’ in machinery to augment their production capabilities.
  • Major Market Drivers: There are several new drivers affecting the dynamics of the plastic processing machinery market, such as the growing proliferation of consumer electronics, the increasing disposable income globally, and the rise in the demand for plastic in medical devices. Moreover, the ongoing F&B sector expansion, the changing consumer preferences for packaged goods, and the continued large community urbanization, which is fueling the market growth. Apart from this, the increasing developments in plastic material, the burgeoning demand for low-cost products are stimulating the market growth.
  • Technological Advancements: Cutting-edge technology is the leading trend in the plastic processing machinery market, with top market players revolutionizing the industry via artificial intelligence (AI), the Internet of Things (IoT) integration, and advanced robotics. Development in these technologies allows for ultra-precision, automation, and efficiency, resulting in high-quality products at minimal cost and downtime. The integration further allows for smart and connected machines, creating predictive maintenance and production monitoring, enabling uninterrupted production and operational excellence.
  • Industry Applications: The plastic processing machinery market is deeply embedded within a wide array of industries, showcasing its vital importance and broad utility. This sector is crucial for a variety of fields, including packaging, automotive, construction, healthcare, electronics, and consumer goods, all of which consistently require plastic products. The machinery is designed to manufacture an extensive range of items, adhering to diverse industrial needs and standards, reflecting its significant market share and essential role in contemporary manufacturing and the industrial domain.
  • Key Market Trends: The key plastic processing machinery market trends include the advent of circular economies, escalating use of bioplastics, surging demand for smart and automated solutions, and a preference for energy-efficient machinery. Innovations are steering the market towards sustainability and efficiency, with a focus on customized machinery, boosting the market growth. Furthermore, the integration of machine learning (ML) for enhanced maintenance, the advent of three dimensional (3D) printing in plastic production, cloud-based operational monitoring, and a shift towards localized manufacturing and supply chains are supporting the market growth.
  • Geographical Trends: In the Asia-Pacific region, the market is particularly robust, driven by an expanding manufacturing sector, rapid industrialization, and a growing demand for plastic products. The region's prominence is supported by the significant roles of China and India, fueled by their large populations, emerging middle classes, and evolving manufacturing infrastructures. These factors, along with supportive local government policies and substantial investments, anchor the region's substantial market share and leadership in the global landscape.
  • Competitive Landscape: The plastic processing machinery market features a highly competitive landscape, marked by the intense rivalry between key players focusing on expanding their geographical presence, technological innovations, and product diversification. Companies are making substantial investment in research and development (R&D) to introduce machinery that is environment-efficient and is more technologically advanced. They are making massive investments in strategic partnerships, mergers, and acquisitions to expand their geographic and demographic customer base. The trend underscores the increasingly dynamic and competitive market environment driven by the continually evolving evolutionary needs of the market and technological advancements.
  • Challenges and Opportunities: The plastic processing machinery market faces a few challenges like heavy fluctuation in raw material prices, adherence with stringent environmental regulations, and hefty initial investment costs. These challenges deliver a wide range of opportunities, such as an escalating demand for plastics that are sustainable and capable of being recycled machinery technology gaining an edge in terms of capabilities. A spectrum of growth prospects will materialize for the industry's stakeholders, as they maintain an equilibrium between the challenges and the ballooning moneymaking opportunities, within the continuously changing market landscape.


Plastic Processing Machinery Market

Plastic Processing Machinery Market Trends:

Escalating Demand for Plastic Products

One of the most essential drivers for the market is the increasing call for various plastic products due to their rising use in different industrial sectors such as packaging, automotive, and electronics. As per Thunder Said Energy, the global plastic demand was estimated at 470 metric ton per annum in 2022, rising to 1,000 metric ton per annum by 2050. The resourcefulness and cost-effectiveness of plastic have made them very valuable and a preferred material in these sectors, which is further increasing demand for stronger lightweight packaging solutions. The application of plastic requires the production of efficient machinery, which is expanding the market.

Technological Advancements

The integration of smart technologies like artificial intelligence (AI), the Internet of Things (IoT), and robotics, has unraveled opportunities remunerating the lucrativeness of the plastic processing machinery industry. Moreover, the advent of technologically advanced machinery that expedites quicker, efficient and precision manufacturing by leveraging processes such as injection molding, extrusion molding, and blow molding has significantly stimulated the market. These contemporary machinery, are designed to integrate cutting-edge technologies and smart capabilities, which enable manufacturers to produce high-quality plastic products with minimal material waste and low energy consumption. Integration of AI in these machines, allows real-time monitoring of the machines and production lines, which enable operational costs to be minimized, human waste reduced, and production increased.

Sustainable Manufacturing Practices

The move towards sustainable manufacturing has also significantly influenced the plastic processing machinery market. As pet the MDPI, the plastic debris ending up in the ocean is growing exponentially, and global plastic production is projected to fluctuate between 500 and 600 million metric tons by 2025. The escalating focus on reducing the environmental footprint of plastic production, which includes reducing waste, recycling, and adopting biodegradable materials, has created a burgeoning demand for processing machinery, as companies attempt to comply with ever-escalating environmental regulations, and the increasingly judicious consumer expectations, which echoes the global push for sustainability.

Automation and Smart Machinery

Smart machinery and automation are changing the plastic processing sector by fine-tuning manufacturing, improving efficiency, and minimizing human error. Automated machinery integrated with highly developed sensors and new control software can operate 24/7 to provide consistent quality and peak production rates. Smart technologies support predictive maintenance, so costly downtime and daily operation is slashed. The surge to realize aggressive production schedules, as well as cut costs and enhance product quality, is driving the movement toward more intelligent and autonomous systems. As a result, the adoption of automatic and smart plastic processing machinery is gaining global momentum as a prime market trend for high-tech manufacturing solutions.

Plastic Processing Machinery Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional and country levels for 2024-2032. Our report has categorized the market based on the product type, plastic type, and end-use industry.

Breakup by Product Type:

Plastic Processing Machinery Market

  • Blow Molding Machinery
  • Compression Molding Machinery
  • Extrusion Molding Machinery
  • Injection Molding Machinery
  • Rotational Molding Machinery
  • Others
     

Injection molding machinery dominates the market

The report has provided a detailed breakup and analysis of the market based on the product type. This includes blow molding machinery, compression molding machinery, extrusion molding machinery, injection molding machinery, rotational molding machinery, and others. According to the report, injection molding machinery represented the largest segment.

The injection molding machinery segment is driven by the increasing demand for high-volume production of complex and intricate plastic parts in industries such as automotive, consumer electronics, and medical devices. This method's ability to produce parts with tight tolerances, consistent quality, and the possibility of using a wide range of materials underlines its critical role. The surge in demand for precision components, coupled with advancements in automation and energy-efficient machines, underscores the segment's robust expansion.

The blow molding machinery segment is driven by the increasing demand for plastic containers in the beverage, pharmaceutical, and personal care industries. This method is favored for its high-volume production capability, precision in forming complex shapes, and efficient use of materials. The versatility in producing a wide range of container sizes and the growing focus on recyclable and sustainable plastics further bolster this segment's growth.

The compression molding machinery segment is driven by the increasing demand in automotive, aerospace, and electrical industries for high-strength, lightweight composite parts. This process is valued for its ability to mold large, fairly intricate parts with high strength and precision. The rising adoption of thermoset composites in various applications, coupled with the sector's push towards reducing weight and enhancing fuel efficiency, particularly in the automotive sector, propels this segment's expansion.

The extrusion molding machinery segment is driven by the increasing demand in packaging, construction, and automotive sectors. This technology is crucial for producing a continuous profile with high dimensional accuracy and material efficiency. Its extensive application in manufacturing pipes, films, sheets, and thermoplastic profiles, along with the growing trend of lightweight and durable construction materials, significantly contributes to the segment's growth.

The rotational molding machinery segment is driven by the increasing demand for large, hollow plastic products like tanks, containers, and recreational items. This method's advantages, including uniform wall thickness, low production costs, and the ability to produce stress-free parts, make it ideal for short-run productions and complex shapes. The growing need for cost-effective, durable plastic products in water treatment, chemical storage, and material handling industries fuels this segment's growth.

The others segment in plastic processing machinery is driven by the increasing demand for specialized and hybrid machines that cater to niche market requirements. This segment includes various machinery types like thermoforming, resin transfer molding, and filament winding machines. The diversification of the plastics industry, along with the rising demand for innovative and customized plastic parts in sectors such as medical, aerospace, and bioplastics, stimulates the growth of this segment.

Breakup by Plastic Type:

  • Polypropylene (PP)
  • Polyethylene (PE)
  • Polyurethane (PUR)
  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Others
     

Polypropylene (PP) dominates the market

The report has provided a detailed breakup and analysis of the market based on the plastic type. This includes polypropylene (PP), polyethylene (PE), polyurethane (PUR), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), and others. According to the report, polypropylene (PP) represented the largest segment.

The polypropylene (PP) segment is gaining from the skyrocketing demand in packaging, automotive components, and consumer products on account of its excellent chemical resistance, fatigue resistance, and insulation properties. Industry players are pouring investments into advanced PP processing machines to churn out lightweight, high-performance materials, which are particularly in demand in a spate of applications in the automotive and electronics sectors.

The polyethylene (PE) segment is majorly buoyed by its extensive usage in film applications, containers, pipes, and household goods due to their flexibility, lightweight, and high strength, which enable PE to be durable and recyclable. Advances in PE processing technologies are focusing on enhancing productivity, improving product quality, and reducing waste, commensurate with the mushrooming demand for plastics in line with the circular economy principles.

The polyurethane (PUR) segment is seeing substantial demand for foam products, coatings, adhesives, and sealants in various industrial applications, leveraging their versatility and superior performance attributes such as durability, flexibility, resistance to abrasion, high impacts, and extreme temperatures, which makes it material of choice in the construction, automotive, and furniture industries. Industry players are employing a number of advanced technologies in PUR processing machinery to improve energy efficiency, lower the environmental impact, and comply with the exacting quality requirements in end-use industries.

The polyvinyl chloride (PVC) segment is gaining from the mushrooming demand in construction materials, medical devices, and packaging, owing to its low cost, versatile nature, and excellent physical and mechanical properties. The market is witnessing proliferation in PVC processing machinery technologies, to augment productivity, maintain product consistency, and keep pace with the spiraling environmental and health standards, particularly in food packaging and medical applications.

The polyethylene terephthalate (PET) segment benefits from the expanding demand in packaging, particularly for beverages, food items, and personal care products, because of its high strength, thermal stability, and clarity, which makes it apt for bottles, containers, and packaging films. The segment is seeing innovations in PET processing equipment to escalate system efficiencies, cut down energy usage, and cater to the escalating emphasis on sustainable production practices.

The polystyrene (PS) segment rides on the back of its widespread use in packaging, disposable containers, and insulation materials, propelled by its ease of processing, low weight, and insulation properties. The sector is moving toward refining PS processing technologies to enrich throughput, optimize energy usage, and churn out quality products that keep with the changing regulatory and environmental standards.

The others segment in the plastic processing machinery market is underpinned by the demand for specialty plastics, such as bioplastics, composites, and advanced polymers, that cater to niche applications. This segment is catalyzed by the augmented appetite for innovative materials with singular properties such as heat resistance, high strength-to-weight ratio, or biodegradability. Manufacturers are engineering tailor-made machinery solutions to handle the unique processing needs of these materials, focusing on precision, sustainability, and efficiency, to meet the disparate needs across the aerospace, medical, and electronics sectors.

Breakup by End-Use Industry:

  • Packaging Industry
  • Construction Industry
  • Automotive Industry
  • Electronic and Electrical Industry
  • Agriculture Industry
  • Others
     

 Packaging industry dominates the market

The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes packaging industry, construction industry, automotive industry, electronic and electrical industry, agriculture industry, and others. According to the report, packaging industry represented the largest segment.

 The packaging segment is driven by increasing consumer demand for convenient, lightweight, and durable packaging solutions. Innovations in sustainable packaging, along with the rising need for extended shelf life of products, are pushing advancements in plastic processing machinery. These machines offer enhanced efficiency, precision, and the ability to handle various materials, catering to the evolving packaging trends and stringent regulations regarding packaging waste.

The construction industry segment is driven by the increasing use of plastics in construction applications due to their versatility, durability, and resistance to harsh environmental conditions. The demand for energy-efficient and lightweight construction materials is leading to innovations in plastic processing technologies. Machinery advancements are focused on producing high-quality, durable plastic components for insulation, piping, and other construction needs, aligning with the industry's shift towards sustainable building practices.

The automotive industry segment is driven by the growing demand for lightweight, fuel-efficient vehicles. Plastics are integral in reducing vehicle weight, enhancing fuel efficiency, and improving safety. Advanced plastic processing machinery is crucial for manufacturing high-precision, durable plastic parts that meet stringent automotive standards. These machines enable the production of complex components while adhering to the industry's push for sustainability and recycling capabilities.

The electronic and electrical industry segment is driven by the increasing demand for lightweight, cost-effective, and durable plastic components. The miniaturization of electronic devices and advancements in technology necessitate precise and efficient plastic processing machinery. These machines are essential for producing high-quality insulators, housings, and other components, supporting the industry's rapid innovation pace and stringent quality standards.

The agriculture industry segment is driven by the growing need for high-yield, cost-effective agricultural practices. Durable and lightweight plastic products, such as irrigation pipes, mulch films, and greenhouse covers, are essential for modern agriculture. Plastic processing machinery plays a crucial role in manufacturing these products, offering solutions that enhance crop productivity, water efficiency, and the durability of agricultural infrastructures.

Other segments in the plastic processing machinery market are driven by diverse applications of plastics in various industries, including medical, aerospace, and consumer goods. Innovations in machinery are tailored to meet the specific needs of these industries, such as high precision, customization, and material compatibility. The focus on sustainability, recycling, and the development of biodegradable plastics is shaping the advancements in plastic processing technologies, catering to the global shift towards eco-friendly manufacturing practices.

Breakup by Region:

Plastic Processing Machinery Market

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Asia Pacific leads the market, accounting for the largest plastic processing machinery market share

The market research report has also provided a comprehensive analysis of all the major regional markets, 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 the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Rapid industrialization, increasing disposable incomes, and demand for the same by various sectors are fueling the plastic processing machinery market in Asia Pacific. This would highly benefit manufacturing in such regions that witness a huge increase in the production of plastic, especially those countries that serve as key centers for production, such as China and India. As per Statista, in India, the volume of plastic processing is estimated about 22 million metric tons per annum in 2020, up from around 13.4 million metric tons in 2015. Moreover, the increasing demand from the packaging, automotive, and electronics industry, the presence of low-cost labor, and favorable policies by the government. Besides, the region is focusing on exporting plastic goods in a huge quantity, which greatly affects the demand for advanced plastic processing machinery.

Sustainable manufacturing practices, heavy investment into research and development (R&D), and a robust industrial sector are driving the market growth in North America. On the other hand, with strict regulatory standards promoting environmentally friendly material usage, the region's commitment to innovation and development of cutting-edge technologies in the plastic processing machinery, is stimulating the market growth. The other two significant factors include high-end manufacturing capabilities and a push towards recycling and reducing plastic waste.

The penetration of highly technological products, surging demand for efficient energy-conserving plastic processing machinery, and rising stringent environmental regulations are some of the factors expected to boost the plastic processing machinery market in Europe. The growth of the market is further boosted by the focus on sustainability and strict adherence to the highest safety and environmental standards in the new plastic processing technologies.

The Latin American regional market is spurred on by the rapid growth in demand for plastic products and the surging product application in the packaging, automotive, and construction sectors. Moreover, rapid urbanization and industrialization and the development of advanced plastic processing machinery are supporting the market growth. Furthermore, the region experiences the current wave of interest in sustainability practices, which are bound to influence the trajectory of market development given the adoption of green technology in energy-efficient machinery.

The increasing investments in the Middle East and Africa for the development of infrastructure, growing focus to further diversify the economy, and escalating product demand from various sectors, such as packaging, construction, and consumer goods are supporting the market growth. The region's strategic initiatives and activities in developing their manufacturing capability would also help bring the sustainability factor up to increase the demands for more advanced plastic processing machinery.

Leading Key Players in the Plastic Processing Machinery Industry:

In the current market landscape, key players in the machine condition monitoring market have been actively engaging in a range of strategic initiatives in a bid to secure their positions and drive growth. These have spanned product innovation and new product development, strategic partnerships, mergers and acquisitions, and expansion into new markets. Companies have been making sizeable investments in research and development to introduce advanced and innovative products and services that would cater to the ever-changing demands of consumers and technological advancements on their part. Strategic partnerships have been made with companies to leverage mutually complementary strengths and access to each other’s broader customer segments or distribution network. Mergers and acquisitions have been yet another popular strategy among leading companies to consolidate their share, access cutting-edge technologies or intellectual property, and enhance operational and tactical efficiency. Further, expansion into new, emerging markets and diversification into untapped business segments have been used as strategies to lower the risks in their markets and take the bite out of untapped revenue potential. Key players are seen to be adopting agile and adaptable strategies within their respective domains so they can sail through the extreme and dynamic challenges and leverage emerging trends to their best advantage, in the course of their aim to attain sustainability and long-term profitability.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the 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.
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

  • In July 2022: Arburg GmbH announced the expansion of its production capacities with the inauguration of a new assembly hall at its headquarters in Lossburg, Germany. This development was aimed at meeting the growing global demand for its injection molding machines. The new facility is equipped with state-of-the-art technologies to enhance manufacturing efficiency and product quality.
  • In October 2022: Husky Injection Molding Systems unveiled its next-generation HyCAP™ injection molding system, designed to deliver higher productivity and energy efficiency while reducing cycle times and material waste. The HyCAP™ system integrates advanced technologies such as predictive maintenance and real-time monitoring to optimize production processes and enhance overall equipment effectiveness.
  • In January 202: Sumitomo Heavy Industries introduced a new series of all-electric injection molding machines featuring enhanced precision, speed, and energy efficiency. This launch marked a significant milestone in Sumitomo's ongoing commitment to developing environmentally friendly and cost-effective solutions for the plastic processing industry.

Plastic Processing Machinery Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Product Type
  • Plastic Type
  • End-Use Industry
  • Region
Product Types Covered Blow Molding Machinery, Compression Molding Machinery, Extrusion Molding Machinery, Injection Molding Machinery, Rotational Molding Machinery, Others
Plastic Types Covered Polypropylene (PP), Polyethylene (PE), Polyurethane (PUR), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS), Others
End-Use Industries Covered Packaging Industry, Construction Industry, Automotive Industry, Electronic and Electrical Industry, Agriculture Industry, Others
Regions 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, Toshiba Machine Co. Ltd., etc. 

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
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)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the plastic processing machinery market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global plastic processing machinery market.
  • The study maps the leading, as well as the fastest growing, markets in the region. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the plastic processing machinery industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global plastic processing machinery market was valued at US$ 36.4 Billion in 2023.

We expect the global plastic processing machinery market to exhibit a CAGR of 3.6% during 2024-2032.

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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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
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