Farmington, March 14, 2023 (GLOBE NEWSWIRE) -- The Global Pelletizer Market Is Projected To Grow at a CAGR of 5.2% during the Forecast Period 2022-2030. A pelletizer is a machine that can turn different things into pellets. Pellets can be made of metal, plastic, and other things. They are often used in industries that need to store a lot of materials in a small area. You can also reuse and recycle pellets.
The global pelletizer market is expected to grow because of a number of factors, such as the growing demand for plastic pellets in different industries, the growing use of renewable energy sources, technological advances in pelletizer equipment, the growing demand from emerging economies like India, China, and Brazil, and the growing focus on reducing carbon emissions and promoting sustainability. Pelletizers are used to make plastic pellets and biomass pellets, and companies are investing in making pelletizers that are more efficient, advanced, and durable.
Request Sample Copy of Report “Pelletizer Market Size, Share & Trends Estimation Report By Type (Strand Palletizing System, Underwater Palletizing System), By Application (Petrochemical Industry, Plastics recycling industry, Other), By Region, And Segment Forecasts, 2023 - 2030”, published by Contrive Datum Insights.
Market Dynamics:
Growth Factors:
The petrochemical and plastics recycling industries are driving the growth of the global pelletizer market by buying more pellets. In these industries, the main benefits of using pellets are their high throughput rate and the fact that they can be made in very consistent sizes. The growth of the global pelletizer market is also helped by the fact that it is getting easier to find cheap labour and capital.
Regional Outlook:
The biggest market for pelletizers is North America. The largest petrochemical and plastics recycling industries in the world are in this area. The demand for pellets in these industries is growing, and people are becoming more aware of the benefits of using pellets. These are the main things that are driving the pellet maker market in this region.
The pelletizer market in Latin America is growing very quickly. There are a lot of big petrochemical and plastics recycling businesses in the area. The main things that are driving the market for pellet makers in the region are the growing need for pellets in these industries and the growing availability of cheap labour.
A lot of pelletizers are sold in Europe. There are a lot of big petrochemical and plastics recycling businesses in the area. The main things that are driving the market for pellet makers in the region are the growing need for pellets in these industries and the growing availability of cheap capital.
The Asia-Pacific area is a market for pelletizer that is growing quickly. The largest petrochemical and plastics recycling industries in the world are in this area. The main things that are driving the market for pellet makers in the region are the growing need for pellets in these industries and the growing availability of cheap labour.
The small pelletizer market is in the Middle East and Africa area. There are a lot of big petrochemical and plastics recycling businesses in the area. The main things that are driving the market for pellet makers in the region are the growing need for pellets in these industries and the growing availability of cheap labour.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 5.2% from 2023 to 2030. |
| By Type | Strand Palletizing System, Underwater Palletizing System, Others |
| By Application | Petrochemical Industry, Plastics recycling industry, Others |
| By Companies | Coperion, Wuxi Huachen, Farrel Pomini, ECON, Girung Industries, Reduction Engineering, Nanjing Juli, PSG, KY Solution, Lantai Plastic Machinery, Crown Machine, Gala Industries, Sichuan Sinnoextruder, Margo Industries, Cowin Extrusion, Harden, Nordson, Chuangbo Machine, Adlbut, Nanjing GIANT |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Key Segments Covered:
Top Market Players:
Coperion, Wuxi Huachen, Farrel Pomini, ECON, Girung Industries, Reduction Engineering, Nanjing Juli, PSG, KY Solution, Lantai Plastic Machinery, Crown Machine, Gala Industries, Sichuan Sinnoextruder, Margo Industries, Cowin Extrusion, Harden, Nordson, Chuangbo Machine, Adlbut, Nanjing GIANT, and others.
By Type
- Strand Palletizing System
- Underwater Palletizing System
- Others
By Application
- Petrochemical Industry
- Plastics recycling industry
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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