Plastic Processing Machinery Market Size Is Expected To Reach USD 43.7 Billion By 2025


 San Francisco, 20 April 2023: The Report Plastic Processing Machinery Market Size, Share & Trends Analysis Report By Product (Injection Molding Machine (IMM), Extrusion Machine, Blow Molding Machine (BMM), By Region, And Segment Forecasts, 2020 - 2025

The global plastic processing machinery market size is expected to reach USD 43.7 billion by 2025, according to a new report by Grand View Research, Inc. The shift in trend towards mechanized packaging for increased efficiency and output is expected to drive demand. 

Plastics exhibit superior properties such as flexibility, light-weight, low density, improved barrier resistance, durability, insulation, energy-saving, enhanced weathering, and aesthetic appeal (a multitude of colors and metalized finishes). These factors have widened the application scope of processing machinery.

Advancements in molding technology have led to the development of complex components such as joints, structural components, brake components, housing units, fuel tanks, suspensions, and engine frames.

The introduction of favorable policies by the governments in emerging economies, including China and India, to encourage foreign direct investment and facilitate closer integration with other economies is expected to propel demand. Major automotive OEMs are increasingly incorporating plastic parts and components to reduce gross vehicle weight and subsequently improve performance and fuel efficiency.

Stringent regulations regarding depletion and recyclability of conventional materials like metal and wood are anticipated to drive greater plastics demand from the construction industry in insulation, pipes, cables, floorings, windows, and storage tanks among others.

Access Research Report of Plastic Processing Machinery Market @ https://www.grandviewresearch.com/industry-analysis/plastic-processing-machinery-market

Plastic Processing Machinery Market Highlights

  • The global plastic processing machinery demand exceeded 2,700 thousand units in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025
  • Extrusion technologies are used for converting the materials from solid to liquid and then reconstitute the same to a finished product. This technology has gained tremendous popularity owing to low cost, better flexibility, and post-extrusion manipulations
  • Asia Pacific is expected to dominate the regional segment with an estimated CAGR of around 7.4% in terms of volume from 2017 to 2025
  • The plastic processing machinery market has witnessed various improvements in the major technologies including injection molding, blow molding, and extrusion.
  • Some of the recent developments in the injection molding method include dual-shot injection molding, mono-sandwich, water injection technique (WIT), and gas injection technique (GIT) among others.
  • Major participants include The Japan Steel Works, Ltd. (JSW), Arburg, Husky Injection Molding Systems, Sumitomo Heavy Industries, Ltd., Persimmon Technologies Corporation, Milacron Holdings Corporation, and Haitian International Holdings Limited and Chen Hsong Holdings Limited
  • Chen Hsong Group announced plans of venturing into a highly lucrative Indian plastics industry. In India, the company has announced to open a new facility to assemble processing machines using parts made in the company’s China facilities 

Access Press Release of Plastic Processing Machinery Market @ https://www.grandviewresearch.com/press-release/global-plastic-processing-machinery-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Image
San Francisco, 17 October 2019:   The Report   Global Food Additives Market   Analysis By Product Flavors & Enhancers (Natural, Artificial), Sweeteners (High Intensity, HFCS), Enzymes, Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters), Shelf-life Stabilizers, Fat Replacers (Protein, Starch)] And Segment Forecast To 2022 Global food additives market is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light o
Read more

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Integration Platform as a Service (IPaaS) Market  Analysis By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 – 2025 The global integration platform as a service (IPaaS) market is expected to reach USD 2.705.8 million by 2025, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions. Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity
Read more