Plastic Processing Machinery Industry To Rise As Of Growing Demand For Plastic Products Across Various Industries
Plastic Processing Machinery Industry To Rise As Of Growing Demand For Plastic Products Across Various Industries
Grand View Research’s plastic processing machinery industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.
Access the Global Plastic Processing Machinery Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies.
Plastic Injection Molding Machine Market Report Highlights
The plastic injection molding machine market was estimated at approximately USD 11.75 billion in 2022, according to a new report by Grand View Research, Inc.
• The hydraulic technology segment accounted for the highest revenue share in 2022.The automotive industry is expected to have a high demand for hydraulic technology as manufacturing large & heavy parts requires a strong clamping force. In fields like aerospace, defense, and marine, it is frequently used to make heavy parts
• The electric technology segment also accounted for a significant share in 2022. Electric injection molding machines are highly efficient and require less start-up time and run time compared to hydraulic injection molding machines.
• In addition, factors, such as quiet operation, energy savings from 30 to 70%, less wastage of material, and low requirements of power are expected to have a positive impact on the demand for electric injection molding machines.
• The medical end-use segment is projected to register the fastest CAGR from 2023 to 2030 due to constant technological developments, demand for medical disposables, and rising plastics consumption in healthcare applications.
• U.S. accounted for the maximum share in 2022 due to the presence of a robust automotive industry. Moreover, the presence of advanced processing capabilities, greater R&D endeavors, and availability of a highly skilled workforce help improve the penetration of EVs in the U.S., thereby supporting segment growth.
• The increasing demand for plastic injection molded components in electric and conventional vehicles for exterior and interior parts will boost market growth in the U.S.
Plastic Extrusion Machinery Market Report Highlights
• Plastic extrusion is a manufacturing process involving melting plastic materials and shaping them into a continuous profile through a die. This technology has wide-ranging applications in various industries, including packaging, construction, automotive, and electronics.
• Moreover, the low cost per part, flexibility in operation, high production volume, and compounding ability are the other factors responsible for the growing demand for extrusion machinery.
• The market for plastic extrusion machinery has been driven by several factors. Firstly, the increasing demand for plastic products, particularly in developing economies of Asia Pacific and Central & South America, has fueled the need for efficient and high-capacity extrusion machinery.
• Additionally, advancements in technology have led to the development of more sophisticated and automated extrusion equipment, improving productivity and reducing production costs.
Order your copy of Free Sample of “Plastic Processing Machinery Industry Data Book - Plastic Injection Molding Machine, Plastic Extrusion Machinery, Plastic Blow Molding Machine Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Plastic Blow Molding Machine Market Report Highlights
• The demand for blow molding machines has been fueled by the increasing use of plastic containers, bottles, and other hollow plastic products in various industries, including packaging, automotive, consumer goods, and construction.
• These machines are essential for the efficient and cost-effective production of high-quality plastic products on a large scale.
• Manufacturers are investing in advanced blow molding machines that offer improved automation, energy efficiency, and versatility in terms of mold capabilities and production speed.
• The market is witnessing the development of new technologies and innovations that enhance the efficiency and capabilities of blow molding machines, leading to higher productivity and reduced production costs.
• The growing focus on sustainability and environmental consciousness has also influenced the plastic blow molding machine market.
• Many manufacturers are investing in machines that enable the use of recycled materials or employ eco-friendly production techniques.
Go through the table of content of Plastic Processing Machinery Industry Data Book to get a better understanding of the Coverage & Scope of the study.
Competitive Landscape
Key players operating in the Plastic Processing Machinery Industry are –
• Arburg GmbH + Co KG.
• KraussMaffei
• Haitian International
• Milacron
• Nissei Plastic Industrial Co. Ltd.
• ENGEL AUSTRIA GmbH.
• Chen Hsong Holdings Limited
• UBE Machinery Corporation, Ltd.
• Husky Injection Molding Systems Ltd.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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