Plastic Extruding Equipment Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
Looking ahead from 2023 to 2033, the plastic alternatives for packaging market is expected to experience a surge in demand, with an increasing focus on both environmental benefits and innovation in material science. New advancements, particularly in bioplastics and recyclable composites, are set to reshape the packaging industry. The demand for plant-based alternatives such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA) is forecasted to rise substantially, given their sustainability and potential for large-scale manufacturing. The market will also witness enhanced interest in paper-based packaging and flexible films, offering a dual benefit of cost-effectiveness and sustainability. Analysts predict that by 2033, the market could exceed $15 billion, with an annual growth rate of around 10-12%. This growth trajectory will be further fueled by increasing regulations around single-use plastics and consumer-driven eco-awareness.
Moreover, the development of innovative recycling technologies will play a key role in the expansion of the plastic alternatives market. Companies are investing heavily in new techniques to enhance the recyclability of bio-based materials, which could pave the way for a circular economy in packaging. This movement is expected to significantly reduce the reliance on virgin materials, offering a more sustainable alternative to traditional plastic packaging. The plastic alternatives for packaging market will be dominated by major industry players including Unilever, Coca-Cola, and Nestlé, who are already embracing alternative packaging to align with global sustainability goals. In conclusion, the market outlook for 2023 to 2033 points towards exponential growth, driven by increasing consumer demand, regulatory pressures, and innovative breakthroughs in materials science.
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The plastic alternatives for packaging market has seen significant transformations from 2018 to 2022, driven by a global shift towards more sustainable practices. Governments and corporations alike have made substantial strides in minimizing plastic waste, sparking an intense demand for eco-friendly packaging options. Materials such as biodegradable plastics, plant-based films, paper, and glass have gained traction as viable replacements for traditional petroleum-based plastics. The demand for sustainable alternatives was further catalyzed by consumer preferences, with a noticeable inclination towards greener products. According to market reports, the market was valued at around $5 billion in 2022, and projections indicated steady growth driven by the urgent need to reduce environmental impact.
Yean Horng Machinery
Vulcan Extrusion
Tecnomatic
Reimelt Henschel Mischsysteme
Union Officine Meccaniche
Unicor
Hans Weber Maschinenfabrik
Hegler
ITIB Machinery International
CDS Machines
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastic Extruding Equipment Market
Oil and Gas Industry
Automotive Industry
Packaging Industry
Others
Based on Types the Market is categorized into Below types that held the largest Plastic Extruding Equipment market share In 2023.
PVC Plastic Extruding Equipment
PP Plastic Extruding Equipment
PE Plastic Extruding Equipment
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastic Extruding Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastic Extruding Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastic Extruding Equipment Market, By Type
6. Global Plastic Extruding Equipment Market, By Application
7. Global Plastic Extruding Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastic Extruding Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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