Plastic Processing Auxiliary Equipment Market to be Worth $9 Billion by 2030

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

Meticulous Research^®—a leading global market research company, published a research 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.’

According to this latest publication from Meticulous Research^®, the plastic processing auxiliary equipment market is projected to reach $9 billion by 2030, at a CAGR of 3.5% from 2023 to 2030. The growth of this market is driven by the high demand for plastics across industries and economic growth and improving living standards. However, the rising awareness regarding plastic pollution and the growing emphasis on reusing plastics restrain the growth of this market. The proliferation of advanced plastic recycling techniques 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.

The plastic processing auxiliary equipment market is segmented based on type, molding technique, sector, and geography. The study also evaluates industry competitors and analyses the market at the country level.

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, plastic processing robots, and other auxiliary equipment. In 2023, the conveying equipment segment is expected to account for the largest share of the global plastic processing auxiliary equipment market. 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 expected to account for the largest share of the global plastic processing auxiliary equipment market. However, the blow technique segment is expected 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. The high demand for plastic packaging materials from sectors such as healthcare, pharmaceutical, and automotive is driving the growth of this segment. However, the construction segment is projected to register the highest CAGR during the forecast period. The growing investment in smart city projects across the globe has increased the demand for plastic products such as cables, seals, windows, doors, pipes, cables, floor coverings, and insulation.

Based on geography, the global plastic processing auxiliary equipment market is segmented into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global plastic processing auxiliary equipment market. Asia-Pacific’s major market share is attributed to the high demand for plastic from various sectors such as automotive, healthcare, and construction. Furthermore, rapid economic growth in countries such as China, India, and Indonesia and the rising disposable incomes in these countries have boosted the demand for plastic products. This increase in demand for plastic products offers significant growth opportunities to plastic manufacturers, resulting in the increased adoption of plastic processing auxiliary equipment.

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).

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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?