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Plastic Processing Machinery Market Size, Industry Analysis Report By Product Type (Injection Molding Machine, Blow Molding Machine, Compression Molding Machine, Extrusion Molding Machine), By Business Channel (OEM, Aftermarket), By Industry Vertical (Construction, Automotive, Packaging, Consumer Goods, Healthcare) & Region - Forecasts By 2033

  • PUBLISHED ON
  • 2024-10-08
  • NO OF PAGES
  • 218
  • CATEGORY
  • Machinery & Heavy Industry

Market Overview

Global Plastic Processing Machinery Market valued at USD 35,020 million in 2022, anticipated to reach a value of USD 51,150 million in 2033, growing at a CAGR of 4.85%.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 35,020 Million

Market Forecast in 2033

USD 51,150 Million

CAGR % 2023-2033

4.85%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product Vehicle type, end-user industry, company share, company heatmap, company Material Technology Vehicle type capacity, growth factors and more

Segments Covered

Product Type, Business Channel, Industry Vertical

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Arburg GmbH, Brown Machine LLC, Crown Machines, Graham Engineering, Haitan International Holdings Ltd., Husky Injection Molding Systems, Lyle Industries, Negri Bossi S.P.A., Ningbo Haida Plastic Machinery and Toshiba Machine.

 

Plastic Processing Machinery Market: Description

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.

Increase in need for plastics by the packaging industry drives the market growth. High consumption of packaged foods generates the need for plastics, which thereby fuels the demand for the global plastics processing machinery market.  Besides, packaging industry, medical industry also contributes significantly to the increase in demand for the plastics processing machinery market, wherein plastics are required for manufacturing prosthetic tools and artificial limbs. High demands for plastic processing across manufacturing and packaging industry is expected to positively impact the growth of the market during the forecast period.

In the wake of the coronavirus pandemic, various industries across the globe have witnessed fundamental changes in their supply chains, consumer behaviours, and routes to market, due to the temporary closure of businesses and other restrictions being imposed to contain the virus. These factors created adverse impacts on many industrial processes, including on the production of plastic processing equipment. In 2020, however, the sales and production of plastics observed a significant increase in major countries like North America, despite the unprecedented health and economic challenges.

The growth of the market is driven by increased demand for plastics from the packaging industry. The need for plastics is generated by the high consumption of packaged foods, thereby fuelling demand for the global market for plastic processing machinery. The medical industry also holds a huge demand for plastic processing machinery because plastics are used to produce prosthetic tools and artificial limbs.

Global Plastic Processing Machinery Market- Segmental Analysis:

Product Type Insights

The Injection Molding Machine segment dominated the market in 2022, owing to associated benefits such as low cost, and robustness.

Business Channel Insights

The OEM segment led the global Plastic Processing Machinery market, in 2022 and is anticipated to grow at a significant CAGR by 2033.

Industry Vertical Insights

The Construction segment registered the highest growth in the market, in 2022 and is anticipated to grow at a significant CAGR by 2033.

Regional Insights

Global Plastic Processing Machinery Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa.

The North America plastic processing machinery market is anticipated to hold a considerable share over the coming years, owing to the escalating sales of plastic resins and the rapid growth of the consumer electronics industry in countries including the U.S.

Competitive Analysis

Arburg GmbH, Brown Machine LLC, Crown Machines, Graham Engineering, Haitan International Holdings Ltd., Husky Injection Molding Systems, Lyle Industries, Negri Bossi S.P.A., Ningbo Haida Plastic Machinery and Toshiba Machine.

The central government of India has issued a draft proposal to mandate various requirements for plastic carryout bags and ban single-use plastics nationwide from 2022, which may pose negative impacts on the demand for plastic processing machines over the projected timeframe.

Plastic Processing Machinery Market- Segmental Analysis

Based on Product Type

·         Injection Molding Machine

·         Blow Molding Machine

·         Compression Molding Machine

·         Extrusion Molding Machine

·         Others

Based on Business Channel

·         OEM

·         Aftermarket

Based on Industry Vertical

·         Construction

·         Automotive

·         Packaging

·         Consumer Goods

·         Healthcare

·         Others

 

1.       Global Rigid Plastic Packaging Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Rigid Plastic Packaging Market Scope and Market Estimation

1.2.1.Global Rigid Plastic Packaging Overall Market Size, Revenue (US$ Mn) and Volume (Tons), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2.Global Rigid Plastic Packaging Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1.Material of Global Rigid Plastic Packaging Market

1.3.2.Production of Global Rigid Plastic Packaging Market

1.3.3.End User of Global Rigid Plastic Packaging Market

1.3.4.Region of Global Rigid Plastic Packaging Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.   Global Rigid Plastic Packaging Market Application Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Rigid Plastic Packaging Market Application Development

3.2.   Market Dynamics

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Rigid Plastic Packaging Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Porter’s Five Forces Analysis

3.5.1.Bargaining Power of Suppliers

3.5.2.Bargaining Power of Buyers

3.5.3.Threat of Substitutes

3.5.4.Threat of New Entrants

3.5.5.Competitive Rivalry

3.6.   PEST Analysis

3.6.1.Political Factors

3.6.2.Economic Factors

3.6.3.Social Factors

3.6.4.Technological Factors

3.7.   Impact of Russia Ukraine War on Rigid Plastic Packaging Market

3.8.   Impact of Economic Downturn on Rigid Plastic Packaging Market

3.9.   Rigid Plastic Packaging Production Capacity, by Major Countries

3.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Rigid Plastic Packaging Market Estimates & Forecast Trend Analysis, by Material

4.1.    Global Rigid Plastic Packaging Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Material, 2019 to 2033

4.1.1.Polyethylene (PET)

4.1.2.Polypropylene (PP)

4.1.3.High Density Polypropylene (HDPE)

4.1.4.Others

5.       Global Rigid Plastic Packaging Market Estimates & Forecast Trend Analysis, by End User

5.1.    Global Rigid Plastic Packaging Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by End User, 2019 to 2033

5.1.1.Food and Beverage

5.1.2.Personal Care

5.1.3.Household

5.1.4.Healthcare

5.1.5.Others

6.       Global Rigid Plastic Packaging Market Estimates & Forecast Trend Analysis, by Production

6.1.    Global Rigid Plastic Packaging Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Production, 2019 to 2033

6.1.1.Extrusion

6.1.2.Injection Molding

6.1.3.Blow Molding

6.1.4.Thermoforming

7.       Global Rigid Plastic Packaging Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Rigid Plastic Packaging Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1.North America

7.1.2.Europe

7.1.3.Asia Pacific

7.1.4.Middle East & Africa

7.1.5.South America

8.       North America Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis

8.1.    North America Rigid Plastic Packaging Market Assessments & Key Findings

8.1.1.Rigid Plastic Packaging Market Introduction

8.1.2.Rigid Plastic Packaging Market Size Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

8.1.2.1.   By Material

8.1.2.2.   By End User

8.1.2.3.   By Production

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.       Europe Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis

9.1.    Europe Rigid Plastic Packaging Market Assessments & Key Findings

9.1.1.Rigid Plastic Packaging Market Introduction

9.1.2.Rigid Plastic Packaging Market Size Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

9.1.2.1.   By Material

9.1.2.2.   By End User

9.1.2.3.   By Production

9.1.2.4.        By Country

9.1.2.4.1.     Italy

9.1.2.4.2.     Germany

9.1.2.4.3.     U.K.

9.1.2.4.4.     France

9.1.2.4.5.     Spain

9.1.2.4.6.     Rest of Europe

10.   Asia Pacific Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.    Rigid Plastic Packaging Market Introduction

10.1.2.    Rigid Plastic Packaging Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

10.1.2.1.    By Material

10.1.2.2.    By End User

10.1.2.3.    By Production

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.   Middle East & Africa Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Rigid Plastic Packaging Market Introduction

11.1.2.   Rigid Plastic Packaging Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

11.1.2.1.    By Material

11.1.2.2.    By End User

11.1.2.3.    By Production

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.   South America Rigid Plastic Packaging Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   Rigid Plastic Packaging Market Introduction

12.1.2.   Rigid Plastic Packaging Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

12.1.2.1.    By Material

12.1.2.2.    By End User

12.1.2.3.    By Production

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.   Competition Landscape

13.1.  Rigid Plastic Packaging Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Rigid Plastic Packaging Market Competition White Space Analysis, By End-user

13.3.  Rigid Plastic Packaging Market Competition Regional Intensity Map Analysis, By Geographies Served

13.4.  Rigid Plastic Packaging Market Concentration & Company Market Shares (%) Analysis, 2022

14.   Company Profiles

14.1.Amcor Limited

14.1.1.    Company Overview & Key Stats

14.1.2.    Financial Performance & KPIs

14.1.3.    Product Portfolio

14.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.DS Smith Plc,

14.3. Berry Plastics Corporation,

14.4.Klöckner Pentaplast,

14.5.Plastipak Holdings, Inc.,

14.6.Pactiv Evergreen Inc.,

14.7.Sealed Air Corporation,

14.8.Silgan Holdings, Inc.,

14.9.Sonoco Products Company

14.10.   Others**

15.   Research Methodology

15.1.      External Power Outputs / Databases

15.2.      Internal Proprietary Database

15.3.      Primary Research

15.4.      Secondary Research

15.5.      Assumptions

15.6.      Limitations

15.7.      Report FAQs

16.   Research Findings & Conclusion

 

 

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Conduct frequent client communications
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  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

The Global Plastic Processing Machinery Market valued at USD 35,020 million in 2022, anticipated to reach a value of USD 51,150 million in 2033, growing at a CAGR of 4.85%.

What are the drivers shaping various markets?

High demands for plastic processing across manufacturing and packaging industry is expected to positively impact the growth of the market during the forecast period. Increase in need for plastics by the packaging industry drives the market growth.

Who are the key competitors of market Players?

Some of the major players operating within the market are Arburg GmbH, Brown Machine LLC, Crown Machines, Graham Engineering, Haitan International Holdings Ltd., Husky Injection Molding Systems, Lyle Industries, Negri Bossi S.P.A., Ningbo Haida Plastic Machinery and Toshiba Machine.

What are the top performing segments, and countries / regions of each of the markets?

The North America plastic processing machinery market is anticipated to hold a considerable share over the coming years, owing to the escalating sales of plastic resins and the rapid growth of the consumer electronics industry in countries including the U.S.

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