New Report on Plastic Processing Auxiliary Equipment Market
Meticulous Research®, a premier provider of market intelligence, has published a 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.’
Download Free Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5475
Market Growth Expectations
Meticulous Research® forecasts that the plastic processing auxiliary equipment market will reach a value of $9 billion by 2030, growing at a CAGR of 3.5% between 2023 and 2030. The main growth drivers include the increasing demand for plastic across industries and overall economic improvement leading to higher living standards. However, rising environmental concerns and efforts to recycle or reuse plastic are restraining factors. Growth opportunities exist in the advancement of recycling techniques, although government bans on single-use plastics are creating challenges. Sustainability and new technologies in plastic processing are emerging as significant trends influencing the market.
Equipment Type Breakdown
In terms of equipment type, the plastic processing auxiliary equipment market is divided into several categories, including blending, extrusion, conveying, drying, heat transfer, material storage, size reduction, and plastic processing robots. The conveying equipment category is expected to hold the largest share of the market in 2023, with the blending equipment segment likely to experience the highest growth rate during the forecast period.
Molding Techniques in the Market
By molding technique, the market is segmented into injection, blow, extrusion, compression, and other methods. The injection technique is projected to command the largest share of the market in 2023, while the blow technique is anticipated to grow at the highest CAGR during the forecast period.
Market Segmentation by Sector
Industry-wise, the market is categorized into sectors such as automotive, food beverage, pharmaceuticals, plastic packaging, construction, healthcare, and others. The plastic packaging segment is predicted to dominate the market in 2023, thanks to strong demand from sectors like healthcare and pharmaceuticals. The construction industry is expected to grow at the fastest rate, driven by increasing investments in smart city projects globally, which is leading to higher demand for plastic materials in construction.
Regional Segmentation
Regionally, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. Asia-Pacific is expected to lead the global market in 2023, largely due to strong demand for plastic from the automotive, healthcare, and construction industries. Rapid economic growth in countries like China, India, and Indonesia, coupled with rising disposable incomes, is driving demand for plastic products, thus boosting the need for auxiliary equipment in plastic processing.
Quick Buy : https://www.meticulousresearch.com/Checkout/14382222
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?
Browse in Depth : https://www.meticulousresearch.com/product/plastic-processing-auxiliary-equipment-market-5475
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
