The Plastic Processing Machinery Global Market Report 2023, provides comprehensive information on the plastic processing machinery market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Plastic Processing Machinery Global Market Report 2023, the market size is expected to grow from $35.21 billion in 2022 to $37.00 billion in 2023 at a compound annual growth rate (CAGR) of 5.10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global plastic processing machinery market size is expected to reach $45.93 billion in 2027 at a CAGR of 5.55%.
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Technological advancements are a key trend gaining popularity in the plastic processing machinery market. Companies operating in the plastic processing machinery market are adopting new technologies to sustain their position in the market. For instance, in August 2022, LS Mtron, a South Korea-based heavy machinery manufacturer, launched a smart AI-based injection molding system. This technology has two technical features- an AI molding assistant and smart weight control. The AI molding assistant helps to reduce the stabilizing time in the initial molding steps and smart weight control enables the detection of any change in the weight of products.
The plastic processing machinery market is segmented:
1) By Type: Injection Molding Machinery, Blow Molding Machinery, Extrusion Machinery, Thermoforming Machinery, 3D Plastic Printers, Other Types,
2) By Plastic Type: Polypropylene (PP), Polyethylene (PE), Polyurethane (PUR), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polystyrene (PS)
3) By End User Industries: Packaging, Consumer Products, Construction, Automotive, Other End User Industries
North America was the largest region in the plastic processing machinery market in 2022.
The table of contents in TBRC’s plastic processing machinery market report includes:
1. Executive Summary
2. Plastic Processing Machinery Market Characteristics
3. Plastic Processing Machinery Market Trends And Strategies
4. Plastic Processing Machinery Market – Macro Economic Scenario
5. Plastic Processing Machinery Market Size And Growth
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26. Africa Plastic Processing Machinery Market
27. Plastic Processing Machinery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plastic Processing Machinery Market
29. Plastic Processing Machinery Market Future Outlook and Potential Analysis
30. Appendix
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