Global Plastic Processing Machinery Market 2017-2021
Overview of the global plastic processing machinery market
Technavio’s market research analyst predicts the global plastic processing machinery market to grow at a CAGR of around 3% between 2017 and 2021. The rising demand for processed food and beverages and following requirement for packaging machinery is driving overall growth in the market. To meet the rapidly growing demand for such food items, manufacturers are making additional investments to augment the production capacity of existing plants, build new production facilities, and procure packaging equipment. They are also implementing contemporary packaging technologies to minimize spoilage and contamination issues as well as to enhance the shelf life of products. With the surging shift towards mechanized packaging for increased output and efficiency, the market for plastic processing machinery will witness huge growth during the forecast period.
In terms of geography, APAC led the global market and occupied the largest market portion in 2016. Much of the region’s growth can be attributed to the rapid advancements in the automotive industry. The increasing demand for automobile products in the APAC countries like India, Indonesia, Thailand, and Vietnam, act as major growth drivers for the plastic processing machinery market.
Competitive landscape and key vendors
The global plastic processing machinery market is dominated by both the global as well as small regional players. The market is highly capital-intensive and witlessness intense competition among the market vendors. Vendors operating in the market find huge growth potential owing to the growing requirements coming from the packaging and consumer electronics industry. Such needs will propel further demand for packaged food as well as other end-user offerings like automotive, consumer electronics, and consumer products, resulting in the overall growth of the players operating in the market. The growing focus on end-user preferences like customized needs, cost-effectiveness, and sustainability, will further intensify the competitive landscape in the market.
Leading vendors in the market are -
- Husky Injection Molding Systems
- Sumitomo Heavy Industries
Other prominent vendors in the plastic processing machinery market include Alpha Marathon Film Extrusion Technologies, Aoki Technical Laboratory, BEKUM Maschinenfabriken, Berlyn Extruders, Brampton Engineering, Brown Machine, Brückner Group, CROWN Machine uwp, Davis-Standard, Donghua Machinery, Fu Chun Shin Machinery Manufacture, GN Plastics, Graham Engineering, Haitian, INTYPE ENTERPRISE, Kautex Maschinenbau, KraussMaffei Technologies, Lyle Industries, Macro Engineering & Technology, Nan Rong Mechanical, Negri Bossi, Ningbo Haida Plastic Machinery, NISSEI ASB MACHINE, Queen’s Machinery, SencorpWhite, Sidel, Sunningdale Tech, Thai Hydraulic Machinery, and Toshiba Machine.
Product segmentation and analysis of the plastic processing machinery market
- Extrusion machines
The global IMM market contributed for the largest share of the plastic processing machinery market in 2016. The growing number of injection molding parts producers has propelled the rise in the number of raw material suppliers that offer manufacturers with ready-to-mold injection molding feedstock. The provision of customized molding machines ready for operation in the metal injection molding sector will further contribute to the growth of this market segment in the coming years.
Segmentation by end-user and analysis of the plastic processing machinery market
The packaging industry dominated the market for plastic processing machinery in 2016 and accounted for the highest market share. The constant demand for packaged food, specifically in the ready meals, baked foods, breakfast cereals segment, has led to the high growth of this market segment. Several prominent vendors like Nestle and Kraft Foods are making massive investments to promote their brands and enhance their brand awareness. With greater emphasis on packaged products, the demand for flexible packaging solutions is gaining momentum, resulting in high growth of the overall market.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global plastic processing machinery market?
- What are the key market trends impacting the growth of the global plastic processing machinery market?
- What are the challenges to market growth?
- Who are the key vendors in the global plastic processing machinery market?
- What are the market opportunities and threats faced by the vendors in the global plastic processing machinery market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global plastic processing machinery market?
Technavio also offers customization on reports based on specific client requirement.