In a Rapidly Changing Economic Scenario, Here’s What to Expect in the Global Plastics Processing Machinery Market in 2020 & Beyond
The global market for Plastics Processing Machinery is projected to reach US$24.3 billion by 2025, driven by the ubiquitous consumption of plastics in virtually all consumer-oriented, industrial and commercial sectors.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Plastics Processing Machinery market. Report segmentation includes Product Segment (Injection Molding Machines, Blow Molding Machines, Extrusion Machines, Thermoforming Machines, and Other Product Segments).
10 June 9:31 A.M., California/Marketwire/ - According to the new market research report, the global market for Plastics Processing Machinery is projected to reach US$24.3 billion by 2025, driven by the ubiquitous consumption of plastics in virtually all consumer-oriented, industrial and commercial sectors. The global Plastics Processing Machinery market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
Continuous innovations in plastics are driving large scale displacement of metals with plastics. The need for upgrades and modernization of plastic processing plants in developing countries will spur replacement demand for injection molding machinery. Growth is also benefiting from technology developments which are driving down equipment costs and increasing affordability of equipment in price sensitive emerging markets. With the industry being technology driven, demand is on the rise for high-end machinery designed to offer improved flexibility, higher output, superior energy efficiency, and higher ROI on invested plant assets. Other equally important noteworthy trends in the market include strong demand for ultra-big precision molding machines; growing commercial value of machines embedded with smart concepts for energy savings and reduced environmental footprint; growing focus on operational efficiency and the ensuing demand for electric and electric-hydraulic hybrid injection molding machines; robust growth of the medical device manufacturing sector and a parallel increase in demand for micro injection molding machines for producing high-quality implants and surgical, diagnostic devices; rise of 3D printing and additive manufacturing techniques and growing need for custom injection molding machines with 3d printed tooling.
Key Competitors Covered in the Report
ARBURG GmbH + Co KG
Battenfeld-Cincinnati Austria GmbH
BEKUM Maschinenfabriken GmbH
Brown Machine Group
Engel Austria GmbH
Fu Chun Shin Machinery Manufacture Co. Ltd.
G.N. Plastics - GN Thermoforming Equipment
Graham Engineering Corporation
Haitian International Holdings Limited
Husky Injection Molding Systems Ltd.
Kautex Maschinenbau GmbH
KraussMaffei Group GmbH
Ningbo Haida Plastic Machinery Co. Ltd.
Nissei ASB Machine Co. Ltd.
Sumitomo (SHI) Demag Plastics Machinery GmbH
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 903. Among this pool, 181 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 36 unique participations, a total of 16 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.