Market Insights: Plastic Processing Auxiliary Equipment Projected to Hit $9 Billion by 2030
Meticulous Research®, a global market research leader, has published an extensive report titled, ‘Plastic Processing Auxiliary Equipment Market by Type (Batch Blenders, Extrusion Controllers, Chillers, Granulators, Robots), Molding Technique (Injection, Blow), Sector (Automotive, Food & Beverage, Packaging, Construction) - Global Forecast to 2030.’
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Market Projections and Growth Influencers
The global plastic processing auxiliary equipment market is projected to grow to $9 billion by 2030, according to Meticulous Research®. The forecasted CAGR for the period from 2023 to 2030 is 3.5%. The market’s growth is being fueled by the high demand for plastic across various industries and improving global economic conditions. However, rising environmental awareness and the push for plastic reuse are restraining market growth. The expansion of advanced recycling techniques offers potential growth opportunities, while government restrictions on single-use plastics are key challenges. The industry is also witnessing trends toward sustainability and the adoption of advanced plastic processing technologies.
Segmentation by Equipment Type
The report segments the market by equipment type into categories such as blending, extrusion, conveying, drying, heat transfer, material storage, size reduction, and robotic equipment. Conveying equipment is expected to account for the largest share in 2023, while the blending equipment segment is expected to grow at the fastest rate during the forecast period.
Molding Technique Overview
Based on molding techniques, the market is categorized into injection, blow, extrusion, compression, and other techniques. Injection molding is projected to hold the largest market share in 2023, while the blow molding technique is forecasted to have the highest CAGR during the forecast period.
Industry-Specific Segmentation
The market is broadly divided into sectors such as automotive, food & beverage, pharmaceuticals, packaging, construction, and healthcare. The plastic packaging segment is expected to lead in market share in 2023, driven by demand from sectors like healthcare and pharmaceuticals. Meanwhile, the construction industry is anticipated to register the highest growth rate, supported by investments in smart city projects worldwide.
Geographical Market Trends
The market is segmented geographically into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is expected to dominate in 2023, driven by strong demand from the automotive, healthcare, and construction sectors. Rapid economic growth in countries like China, India, and Indonesia, coupled with rising disposable incomes, is fueling demand for plastic products, thereby boosting the adoption of plastic processing auxiliary equipment.
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Key Players:
The key players operating in the plastic processing auxiliary equipment market are Piovan Group (Italy), Bry-Air (Asia) Pvt. Ltd. (India), Shibaura Machine Co., Ltd. (Japan), Woywod Kunststoffmaschinen GmbH & Co. Vertriebs-KG (Germany), Moretto S.p.A. (Italy), WITTMANN Technology GmbH (WITTMANN Group) (Austria), Werner Koch Maschinentechnik GmbH (Germany), Absolute Haitian Corporation (U.S.), AIC Acquisition Company, LLC (U.S.), Milacron LLC (U.S.), Reynold India Private Limited (India), Guanxin Plastic Machinery Co., LTD (China), Vector Injection Ltd. (Canada), Maillefer (Finland), Rosendahl Nextrom GmbH (Austria), MATSUI MFG. CO., LTD. (Japan), Kawata Mfg. Co., Ltd., and motan holding GmbH (Germany).
Key questions answered in the report:
- Which are the high-growth market segments in terms of type, molding technique, sector, and country?
- What is the historical market for plastic processing auxiliary equipment across the globe?
- What are the market forecasts and estimates for 2023–2030?
- What are the major drivers, restraints, opportunities, challenges and trends in the global plastic processing auxiliary equipment market?
- Who are the major players in the global plastic processing auxiliary equipment market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- How is the competitive landscape?
- What are the recent developments in the global plastic processing auxiliary equipment market?
- What are the different growth strategies adopted by the major players in the market?
- What are the geographic trends and high-growth countries?
- Who are the local emerging players in the global plastic processing auxiliary equipment market, and how do they compete with the other players?
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