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Global Plastics Processing Machinery Market to reach USD XX million by the end of 2029.

Global Plastics Processing Machinery Market Size study & Forecast, by Type ( Injection Molding Machinery, Blow Molding Machinery, Extrusion Machinery, Thermoforming Machinery, 3D Plastic Printers, Other Types) by End-use Industry (Packaging, Consumer Products, Construction, Automotive, Other End-user Industries) and Regional Analysis, 2022-2029

Product Code: OIRIME-99961818
Publish Date: 2-05-2023
Page: 200

Global Plastics Processing Machinery Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Plastic processing machinery converts unfinished plastic materials, such as polyolefin, polyethylene terephthalate (PET), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), and others in into useable plastic products like pellets, strings, sheets, and other forms. Packaging, automotive, construction, consumer products, and other sectors employ equipment for processing plastics. The market growth is primarily driven by the factors such as rising demand for lightweight components from the automotive sector, increasing industrialization, coupled with increasing requirements to upgrade the conventional plastics processing plants. In addition, the construction sector uses a variety of plastic parts made by plastic processing equipment, including pipes, cables, ducts, extruded portions for door and window panels, and others. As a result, it is anticipated that the global construction boom will accelerate the demand for plastics processing equipment. For instance, in March 2022, Foster + Partners, UK-based architectural firm, declared that the company develop “The Global City” in Ho Chi Minh City, Vietnam. The project consists of public housing, villas, high-rise and low-rise residential complexes, as well as other structures.

The surge in demand for plastics from the packaging industry is acting as a major driving factor for market growth across the world. As per Statista, in 2021, the plastic packaging sector was worth around USD 265.2 billion worldwide, which is anticipated to boost and likely to reach 385.5 billion by 2027. Thus, the exponential development of the packaging sector is exhibiting a positive influence on the market expansion globally. Moreover, rising investment in the development of advanced technology, as well as the several growth prospects in developing countries are presenting various lucrative opportunities over the forecasting years. However, the strict government regulations toward minimal usage of plastics and high cost of many Plastics Processing Machinery Market are hindering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Plastics Processing Machinery Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the increasing number of manufacturing units to boost production quantities, along with the growth of the end-use industries. Whereas, Rest of the World is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increase in the construction and manufacturing facilities, as well as the rising presence of the prominent players in the market space.

Major market players included in this report are:
KraussMaffei Group (ChemChina)
Brown Machine Group
Haitian International Holdings Limited
Engel Austria GmbH
Kautex Maschinenbau GmbH
Graham Engineering Corporation
Milacron LLC (Hillenbrand Inc.)
Japan Steel Works Ltd
Arburg GmbH + Co KG
Husky Injection Molding Systems Ltd

Recent Developments in the Market:
Ø In June 2022, ENGEL announced that the company expand its market presence across North Africa by establishing its own sales and service subsidiary in Morocco. Three countries that are Morocco, Algeria, and Tunisia provides a better environment for making injection molds. Morocco has been growing steadily and has a lot of potential.

Global Plastics Processing Machinery Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End-use Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Injection Molding Machinery
Blow Molding Machinery
Extrusion Machinery
Thermoforming Machinery
3D Plastic Printers
Other Types
By End-use Industry:
Consumer Products
Other End-user Industries

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Plastics Processing Machinery Market, by Region, 2019-2029 (USD Million)
1.2.2. Plastics Processing Machinery Market, by Type, 2019-2029 (USD Million)
1.2.3. Plastics Processing Machinery Market, by End-use Industry, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Plastics Processing Machinery Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Plastics Processing Machinery Market Dynamics
3.1. Plastics Processing Machinery Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising demand for lightweight components from the automotive sector Development of the packaging industry
3.1.2. Market Challenges Strict government regulations toward minimal usage of plastics High cost of many Plastics Processing Machinery Market
3.1.3. Market Opportunities Rising investment in the development of advance technology Several growth prospects in developing countries
Chapter 4. Global Plastics Processing Machinery Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Plastics Processing Machinery Market, by Type
6.1. Market Snapshot
6.2. Global Plastics Processing Machinery Market by Type, Performance – Potential Analysis
6.3. Global Plastics Processing Machinery Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Plastics Processing Machinery Market, Sub Segment Analysis
6.4.1. Injection Molding Machinery
6.4.2. Blow Molding Machinery
6.4.3. Extrusion Machinery
6.4.4. Thermoforming Machinery
6.4.5. 3D Plastic Printers
6.4.6. Other Types
Chapter 7. Global Plastics Processing Machinery Market, by End-use Industry
7.1. Market Snapshot
7.2. Global Plastics Processing Machinery Market by End-use Industry, Performance – Potential Analysis
7.3. Global Plastics Processing Machinery Market Estimates & Forecasts by End-use Industry 2019-2029 (USD Million)
7.4. Plastics Processing Machinery Market, Sub Segment Analysis
7.4.1. Packaging
7.4.2. Consumer Products
7.4.3. Construction
7.4.4. Automotive
7.4.5. Other End-user Industries
Chapter 8. Global Plastics Processing Machinery Market, Regional Analysis
8.1. Plastics Processing Machinery Market, Regional Market Snapshot
8.2. North America Plastics Processing Machinery Market
8.2.1. U.S. Plastics Processing Machinery Market Type breakdown estimates & forecasts, 2019-2029 End-use Industry breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Plastics Processing Machinery Market
8.3. Europe Plastics Processing Machinery Market Snapshot
8.3.1. U.K. Plastics Processing Machinery Market
8.3.2. Germany Plastics Processing Machinery Market
8.3.3. France Plastics Processing Machinery Market
8.3.4. Spain Plastics Processing Machinery Market
8.3.5. Italy Plastics Processing Machinery Market
8.3.6. Rest of Europe Plastics Processing Machinery Market
8.4. Asia-Pacific Plastics Processing Machinery Market Snapshot
8.4.1. China Plastics Processing Machinery Market
8.4.2. India Plastics Processing Machinery Market
8.4.3. Japan Plastics Processing Machinery Market
8.4.4. Australia Plastics Processing Machinery Market
8.4.5. South Korea Plastics Processing Machinery Market
8.4.6. Rest of Asia Pacific Plastics Processing Machinery Market
8.5. Latin America Plastics Processing Machinery Market Snapshot
8.5.1. Brazil Plastics Processing Machinery Market
8.5.2. Mexico Plastics Processing Machinery Market
8.5.3. Rest of Latin America Plastics Processing Machinery Market
8.6. Rest of The World Plastics Processing Machinery Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. KraussMaffei Group (ChemChina) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Brown Machine Group
9.2.3. Haitian International Holdings Limited
9.2.4. Engel Austria GmbH
9.2.5. Kautex Maschinenbau GmbH
9.2.6. Graham Engineering Corporation
9.2.7. Milacron LLC (Hillenbrand Inc.)
9.2.8. Japan Steel Works Ltd
9.2.9. Arburg GmbH + Co KG
9.2.10. Husky Injection Molding Systems Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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