Dublin, May 17, 2023 (GLOBE NEWSWIRE) -- The "Plastic Processing Auxiliary Equipment Market by Type, Molding Technique, Sector - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The plastic processing auxiliary equipment market is expected to reach $9.0 billion by 2030, at a CAGR of 3.5% during the forecast period of 2023-2030.
The growth of this market is driven by the high demand for plastics across sectors such as plastic packaging, construction, automotive, and healthcare, where the demand for plastic products is increasing. In addition, economic growth and improving living standards across the world's developing countries are driving the demand for plastic products.
However, the rising awareness regarding plastic pollution and the growing emphasis on reusing plastics, such as refilling, returning, and reusing, restrain the growth of this market. The proliferation of advanced plastic recycling techniques, also called chemical recycling, is expected to create growth opportunities for the players operating in this market.
However, government initiatives to ban single-use plastics are a major challenge to market growth. Additionally, growing consumer awareness regarding sustainability and the adoption of advanced technologies in plastic processing are prominent trends in the plastic processing auxiliary equipment market.
Based on type, the plastic processing auxiliary equipment market is segmented into blending equipment, extrusion equipment, conveying equipment, drying equipment, heat transfer equipment, material storage equipment, size reduction equipment, and other equipment.
In 2023, the conveying equipment segment is expected to account for the largest share of the global plastic processing auxiliary equipment market. The conveying system offers various benefits to companies, such as automatic material transfer, labor savings, reduced spillage/wastage, consistent material feeding, and a modular system. However, the blending equipment segment is projected to register the highest CAGR during the forecast period.
Based on molding technique, the global plastic processing auxiliary equipment market is segmented into injection technique, blow technique, extrusion technique, compression technique, and other molding techniques.
In 2023, the injection technique segment is projected to account for the largest share of the global plastic processing auxiliary equipment market. This technique is used to create various plastic parts such as plastic bottles, machinery and automotive components, containers, computers, televisions components, outdoor furniture, agricultural products, and toys. However, the blow technique segment is projected to register the highest CAGR during the forecast period.
Based on sector, the global plastic processing auxiliary equipment market is broadly segmented into automotive, food & beverage, pharmaceuticals, plastic packaging, opticals, electricals, white goods, construction, healthcare and other industries. In 2023, the plastic packaging segment is expected to account for the largest share of the global plastic processing auxiliary equipment market.
However, the construction segment is expected to register the highest CAGR during the forecast period. In construction industries, plastic is widely used in facade panels, exterior covers, weatherboards, windows, wall linings, floors, ceilings, sanitary equipment, cables, and insulators.
Geographic Review:
In 2023, Asia-Pacific is expected to account for the largest share of the plastic processing auxiliary equipment market. The large share of this market is driven by the growing investment in smart city projects across China, India, and ASEAN member countries. Smart city projects highly demand plastic products such as cables, seals, windows, doors, pipes, cables, floor coverings, and insulation.
Key questions answered in the report:
- Which are the high-growth market segments in terms of type, molding technique, sector, and country/region?
- What is the historical market for plastic processing auxiliary equipment across the globe?
- What are the market forecasts and estimates from 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 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 plastic processing auxiliary equipment market?
- What are the different growth strategies adopted by the major players in the plastic processing auxiliary equipment market?
- What are the geographical trends and high-growth countries?
- Who are the local emerging players in the plastic processing auxiliary equipment market and how do they compete with other players?
Market Insights
Market Drivers
- Global Plastic Processing Auxiliary Equipment Market: Impact Analysis of Market Drivers (2023-2030)
- High Demand for Plastics Across Industries
- Economic Growth And Improving Living Standards
Market Restraint
- Global Plastic Processing Auxiliary Equipment Market: Impact Analysis of Market Restraints (2023-2030)
- Rising Awareness Regarding Plastic Pollution
- Growing Emphasis On Reusing Plastics
Market Opportunities
- Global Plastic Processing Auxiliary Equipment Market: Impact Analysis of Market Opportunities (2023-2030)
- Proliferation of Advanced Plastic Recycling Techniques
Market Challenges
- Global Plastic Processing Auxiliary Equipment Market: Impact Analysis of Market Challenges (2023-2030)
- Government Initiatives to Ban Single-Use Plastics
Market Trends
- Growing Consumer Awareness Regarding Sustainability
Technology Trends
- Adoption of Advanced Technologies In Plastic Processing
Case Studies
- Unnoticed Machine Alarm
- Deterioration of Quality Due to the Presence of Undesired Moisture
Company Profiles
- 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.
- motan holding GmbH (Germany)
Scope of the Report:
Plastic Processing Auxiliary Equipment Market, by Type
- Conveying Equipment
- Loaders
- Receivers
- Hoppers
- Control Systems
- Other Conveying Equipment
- Extrusion Equipment
- Extrusion Controllers
- Film Trim Reclaim Systems
- Vacuum Sizing Equipment
- Other Extrusion Equipment
- Blending Equipment
- Batch Blenders
- Continuous Blenders
- Other Blending Equipment
- Drying Equipment
- Dryers
- Filtration Equipment
- Other Drying Equipment
- Heat Transfer Equipment
- Chillers
- Temperature Control Units
- Cooling Tower Systems
- Other Heat Transfer Equipment
- Plastic Processing Robots
- Size Reduction Equipment
- Granulators
- Shredders
- Other Size Reduction Equipment
- Material Storage Equipment
- Silos
- Tilters
- Other Material Storage Equipment
- Other Equipment
Plastic Processing Auxiliary Equipment Market, by Molding Technique
- Injection Technique
- Blow Technique
- Extrusion Technique
- Compression Technique
- Other Molding Technique
Plastic Processing Auxiliary Equipment Market, by Sector
- Plastic Packaging
- Construction
- Automotive
- Electricals
- White Goods
- Food & Beverage
- Healthcare
- Pharmaceuticals
- Opticals
- Other Sectors
For more information about this report visit https://www.researchandmarkets.com/r/h3c3aj
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