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Plastics Processing Machinery - Global Market Trajectory & Analytics

  • ID: 344074
  • Report
  • February 2022
  • Region: Global
  • 770 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Arburg GmbH & Co.
  • Brückner Group GmbH
  • Engel Austria GmbH
  • GN Thermoforming
  • Milacron LLC
  • Reifenhäuser Group

Global Plastics Processing Machinery Market to Reach US$24.9 Billion by the Year 2026


Plastic processing machinery is used in the processing of raw plastics and molding them into desired shape which involves diverse materials ranging from thermoplastics polyethylene and polypropylene to new age elastomers and composites. Rise in consumption of plastics coupled with the increasing availability of financing is expected to catalyze spending on capital equipment, thereby stimulating the growth of the global plastics processing machinery market over the long term. Trends such as growing demand for biodegradable and reinforced plastics is expected to drive market gains. The industry is also embracing the Industry 4.0 concept by employing digital equipment together with plastics production processes. The market for processing machinery is highly technology driven with molders always on the lookout for augmented features such as productivity, flexibility, energy efficiency, and bottom-line performance to reduce operating costs and produce high quality products. Recovery in downstream industries such as construction and auto parts will support growth in 2022. Furthermore, continued demand for medical plastics will also increase demand for plastics.

Amid the COVID-19 crisis, the global market for Plastics Processing Machinery estimated at US$19.5 Billion in the year 2020, is projected to reach a revised size of US$24.9 Billion by 2026, growing at a CAGR of 4% over the analysis period. Injection Molding Machines, one of the segments analyzed in the report, is projected to grow at a 3.4% CAGR to reach US$12.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Blow Molding Machines segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 6.7% share of the global Plastics Processing Machinery market. Injection molding machines are expected to continue to hold the top position in the global plastics processing machinery market, primarily due to rising demand from industries like consumer essentials and healthcare along with increasing focus of automakers on launching new vehicle models. Blow molding and extrusion machinery segment continued to witness significant demand owing to the usage in the production of essential products such as PPEs, barrier plastics, plastic bottles for sanitizers and disinfectants, and syringes. The COVID-19 pandemic resulted in huge demand for blow molded medical products including syringes for injections, bottles for sanitizers, and bottles of cleaners among others during the initial days of the pandemic.



The U.S. Market is Estimated at $3.7 Billion in 2021, While China is Forecast to Reach $7.6 Billion by 2026


The Plastics Processing Machinery market in the U.S. is estimated at US$3.7 Billion in the year 2021. The country currently accounts for a 18.2% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$7.6 Billion in the year 2026 trailing a CAGR of 4.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR while Rest of European market (as defined in the study) will reach US$1.2 Billion by the end of the analysis period. Asia-Pacific has emerged into a significant market for plastics, driven by the strong economic growth of various countries in the region, especially China. Growth in the region is favored by the growing consumption of plastic in automobile, consumer, transportation, packaging and construction sectors. Reshoring of manufacturing processes is expected to drive gains in the developed markets such as the US and Western Europe.

Extrusion Machines Segment to Reach $5 Billion by 2026


Extrusion equipment segment is expected to register gains, benefiting from the growth in packaging and medical markets, as well as resurgent demand from the construction market in the post-recession scenario. Advancements in the extrusion technology are likely to bolster sales of more productive and higher priced machinery. In the global Extrusion Machines segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$622.5 Million by the year 2026, while Latin America will expand at a 6.4% CAGR through the analysis period.

Select Competitors (Total 254 Featured) -

  • Arburg GmbH & Co.
  • Battenfeld-Cincinnati Austria GmbH
  • BEKUM Maschinenfabriken GmbH
  • Brown Machine LLC
  • Brückner Group GmbH
  • Davis-Standard, LLC
  • Engel Austria GmbH
  • FANUC Corporation
  • Fu Chun Shin Machinery Manufacture Co., Ltd.
  • GN Thermoforming
  • Haitian International Holdings Limited
  • Husky Injection Molding Systems Ltd.
  • Kautex Maschinenbau GmbH
  • KraussMaffei Technologies GmbH
  • Milacron LLC
  • NEGRI BOSSI SpA
  • Ningbo Haida Plastic Machinery Co., Ltd.
  • Nissei ASB Machine Co., Ltd.
  • Reifenhäuser Group
  • SencorpWhite, Inc.
  • Sumitomo Heavy Industries Ltd.
  • Sumitomo (SHI) Demag Plastics Machinery GmbH
  • The Japan Steel Works, Ltd.
  • Shibaura Machine Co. Ltd.
Frequently Asked Questions about the Global Market for Plastics Processing Machinery

What is the estimated value of the Global Market for Plastics Processing Machinery?

The Global Market for Plastics Processing Machinery was estimated to be valued at $19.5 Billion in 2020.

What is the growth rate of the Global Market for Plastics Processing Machinery?

The growth rate of the Global Market for Plastics Processing Machinery is 4.2%, with an estimated value of $24.9 Billion by 2026.

What is the forecasted size of the Global Market for Plastics Processing Machinery?

The Global Market for Plastics Processing Machinery is estimated to be worth $24.9 Billion by 2026.

Who are the key companies in the Global Market for Plastics Processing Machinery?

Key companies in the Global Market for Plastics Processing Machinery include Arburg GmbH & Co., Battenfeld, Cincinnati Austria GmbH, BEKUM Maschinenfabriken GmbH, Brown Machine LLC, Brückner Group GmbH, Davis, Standard, LLC and FANUC Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arburg GmbH & Co.
  • Brückner Group GmbH
  • Engel Austria GmbH
  • GN Thermoforming
  • Milacron LLC
  • Reifenhäuser Group

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Plastic Processing Machinery to Gain from Upbeat Mood of Plastic Processors
  • Injection Molding Machines Experiences Resurgence in Demand
  • Blow Molding Machines Exhibit Gains
  • Growth in Extrusion Machinery Led by Resurgence in ConstructionActivity, and Medical and Packaging Needs
  • Auxiliaries Riding High on Labor Shortage
  • With Low Immunity to Supply Chain Snags, Machinery Makers Grapple with Roadblocks
  • Year 2020 in Review
  • Plastics Machinery: A Prelude
  • Definition: Plastics Processing Machines
  • Types of Plastics Processing Machinery
  • Regional Market Analysis
  • Pick Up in Reshoring of Manufacturing Activities Accelerated by the Covid-19 Pandemic Creates Lucrative Opportunities
  • Developing Economies Boost Growth
  • China Exhibits Increasing Inclination Towards High End Machinery
  • End-Use Market Perspective
  • Global Demand for Plastic Processing Machinery by End-use Sector (in %): 2021
  • Packaging Sector: An Overview
  • High Demand for Packaging: A Key Driver for Plastics Processing Machinery
  • Packaging Industry Confronts Testing Times Amidst the COVID-19 Pandemic
  • Global Packaging Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Important Trends in Plastic Packaging Market
  • Building and Construction Markets
  • Recovery in Construction Sector to Power Demand
  • Global Construction Spending (In US$ Trillion) for the Years 2019 -2022
  • Automotive industry
  • Plastic Components in Passenger Cars by Plastic Type
  • Percentage Share of Plastics in Passenger Cars: 2000, 2010, and 2020
  • How the Automotive Industry was Impacted by the Pandemic & What’s the New Normal?
  • World Automobile Production in Million Units: 2008-2022
  • Consumer Electronics
  • Growing Market for Consumer Electronics Presents Opportunity for Plastics Market: Consumer Electronics Sales in US$ Billion for the Years 2018, 2020, 2022 and 2024
  • Global Plastics Production: A Review
  • Global Plastics Production Output in Million Tons for the Years 2009 through 2021
  • Per Capita Consumption of Plastics by Country/Region: 2019
  • Global Plastics Production by Region/Country (in %): 2020
  • Global Manufacturing PMI: An important Bellwether
  • Global Manufacturing Purchasing Managers' Index (PMI) for the Months Jan 2020- Aug 2021
  • Plastics Processing Machinery - Global Key Competitors Percentage Market Share in 2022 (E)
  • Product Matrix of Select Players in the Global Plastic Processing Machinery Market
  • Recent Market Activity
  • World Brands
  • Select Leading Players in the Worldwide Plastics Processing Machinery Market by Segment
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

  • Fu Chun Shin Machinery Manufacture Co., Ltd. (Taiwan)
  • G.N. Plastics Company Limited (Canada)
  • Husky Injection Molding Systems Ltd. (Canada)
  • Kautex Maschinenbau GmbH (Germany)
  • KraussMaffei Technologies GmbH (Germany)
  • Milacron LLC (USA)
  • NEGRI BOSSI SpA (Italy)
  • Ningbo Haida Plastic Machinery Co., Ltd. (China)
  • Nissei ASB Machine Co., Ltd. (Japan)
  • Reifenhäuser Group (Germany)
  • SencorpWhite, Inc. (USA)
  • Sumitomo Heavy Industries Ltd. (Japan)
  • Sumitomo (SHI) Demag Plastics Machinery GmbH (Germany)
  • The Japan Steel Works, Ltd. (Japan)
  • Toshiba Machine Co., Ltd. (Japan)

3. MARKET TRENDS & DRIVERS

  • Robust Outlook for EVs Opens New Avenues of Growth
  • Global Electric Passenger Car Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
  • Rising Consumer Focus on Convenience & Consequent Rise in Sales of Packaged Foods Drive Market Gains
  • Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
  • Rise in Demand for Food Service Disposables and Healthy Gains in Third Party Online Food Delivery Services Drive Opportunities in the Food Sector
  • Global Online Food Delivery Services Market Size (in US$ Billion) for 2019, 2021, 2023 & 2025
  • Global Food Service Disposables Market by Raw Material: 2012, 2020 and 2027
  • Home Improvement Projects & Interest in DIY Stimulate Demand,
  • Worker Crunch Catalyzes Uptake of Automated & Digital Plastic Processing Machinery
  • Industry Witnesses Rising Investments in Digital Solutions
  • Sustainability: A Loud & Clear Trend in Plastic Processing Machinery Industry
  • Pandemic Causes Significant Disruption to Plastic Recycling
  • COVID-19 Brings About Significant Changes to Plastic Usage Trends
  • Notable Progress for Plastic Recycling & Equipment
  • Medical Device Makers Turn towards Thermoforming & Pressure-Forming for Packaging
  • Rise in Demand for Syringes Drives Blow Molding Machinery Sales
  • Supply Chain Challenges Change Course
  • Injection Molding Remains Dynamic with Innovations & Emerging Trends
  • Sustainable Materials & Operations gain Attention
  • Influx of New Products
  • Feature-Rich, Advanced Controls
  • Machines with New Sizes
  • Micro Injection Molding Machines Gain Demand
  • Global Market for Thermoplastic Micro Injection Molding by End-use Industry (in %): 2021E
  • Healthcare: An Important Market for Micro Injection Molding
  • Electro-Hydraulic Technology Picks up Pace
  • Focus Intensifies on Precision and Lightweighing Solutions
  • Vertical Injection Machines to Witness Increased Automation
  • Increasing Number of Machinery Manufacturers Embrace Industry 4.0
  • Rise in Digitalization Augurs Well for Adoption of Industry 4.0
  • Advent of Industry 4.0 Brings New Opportunities to Plastic Injection Molding
  • Manufacturers Leverage AI for Machine Operations
  • COVID-19 Pandemic Accelerates Shift toward Automation in Plastic Processing Industry
  • Growing Trend towards Downstream Automation
  • Extruders Add Advanced Capabilities
  • Demand on Rise for Customized Formulations
  • Energy Efficiency Redefines Machine Engineering
  • Waste Minimization Redefines New Production Strategies
  • Used Blow Molding Machinery Emerges as Flourishing Business amid COVID-19
  • Smartphone Sales Spur Demand for Precision Plastic Injection Molding Technologies
  • Global Shipments of Smartphones in Million Units (2012-2025)

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Producer Price Index by Industry: Plastics Product Manufacturing (Jan 2020-Dec 2021)
  • All-Electric Blow Molding Machinery Gain Sales
  • Packaging Industry: Leading End-Use Market
  • Plastics Processing Machinery Market in the US by End-Use (in %): 2021
  • Injection Molding Machinery Market in the US by End-Use (in%): 2021
  • Blow Molding Machinery Market in the US by End-Use (in %): 2021
  • US Trade Deficit for Plastic Machinery Declines
  • Reshoring of Plastic Production Benefits Demand
  • Market Analytics

CANADA

JAPAN

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Competition
  • Market Share of Leading Manufacturers of Injection Molding Machinery in Japan (in%): 2019
  • Market Analytics

CHINA

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Plastics Sector in China
  • Production of Plastic Products in China in Million Metric Tons: Jan 2020- Dec 2021
  • Industry 4.0 Drives Investments in High End Machinery
  • All-Electric Injection Molding Equipment Get Popular
  • Market Analytics

EUROPE

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Rising Investments in Industry 4.0 Technologies Drive Advancements
  • Industry 4.0 Investments in Europe Until 2020: Investment Value (in € Billion per Annum and as a % of Annual Revenues) by Sector
  • European Plastics Industry
  • Plastics Production in Europe (2009-2020) (in Million Tons)
  • Market Analytics

FRANCE

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Market Overview
  • German Plastcis and Rubber Machinery Exports Share (in %): 2018, 2019, and 2020
  • German Plastics and Rubber Machinery Exports by Region (in %): 2020
  • Market Analytics

ITALY

  • Market Overview
  • Import/Export Scenario
  • Italian Plastics and Rubber Machinery Exports by Region (in %): 2020
  • Market Analytics

UNITED KINGDOM

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
  • Market Analytics

SPAIN

RUSSIA

  • Market Overview

REST OF EUROPE

  • Central and Eastern European Countries Display Strong Potential
  • Poland
  • Plastics Consumption in Poland by End-Use Sector (in %): 2020
  • Market Analytics

ASIA-PACIFIC

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Challenges Faced
  • Highly Fragmented Industry
  • Market Analytics

SOUTH KOREA

  • Market Overview
  • Market Analytics

REST OF ASIA-PACIFIC

  • Taiwan
  • Market Analytics

LATIN AMERICA

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA

BRAZIL

  • Market Overview
  • Market Analytics

MEXICO

  • Market Overview
  • Market Analytics

REST OF LATIN AMERICA

MIDDLE EAST

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Market Overview
  • Market Analytics

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Plastics Processing Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 254
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Arburg GmbH & Co.
  • Battenfeld-Cincinnati Austria GmbH
  • BEKUM Maschinenfabriken GmbH
  • Brown Machine LLC
  • Brückner Group GmbH
  • Davis-Standard, LLC
  • Engel Austria GmbH
  • FANUC Corporation
  • Fu Chun Shin Machinery Manufacture Co., Ltd.
  • GN Thermoforming
  • Haitian International Holdings Limited
  • Husky Injection Molding Systems Ltd.
  • Kautex Maschinenbau GmbH
  • KraussMaffei Technologies GmbH
  • Milacron LLC
  • NEGRI BOSSI SpA
  • Ningbo Haida Plastic Machinery Co., Ltd.
  • Nissei ASB Machine Co., Ltd.
  • Reifenhäuser Group
  • SencorpWhite, Inc.
  • Sumitomo Heavy Industries Ltd.
  • Sumitomo (SHI) Demag Plastics Machinery GmbH
  • The Japan Steel Works, Ltd.
  • Shibaura Machine Co. Ltd.
Note: Product cover images may vary from those shown