Industry Background:
Plastic Extrusion Machinery is basically used in to extrude plastic so that they can use this plastic in different applications. It is a high-volume manufacturing process in that raw plastic is heated and formed into a continuous profile. By the help of this machinery, the plastic is melted and then remake into different shapes such as pipes, sheets, and wires, etc. High Adoption of extruded plastics from the construction industry as well as growing demand from packaging segment is a major factor driving plastic extrusion machinery.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Yean Horng Machinery (Taiwan), Vulcan Extrusion (India), Tecnomatic (United States), Reimelt Henschel Mischsysteme (Germany), Union Officine Meccaniche (Italy), Unicor (Germany), Hans Weber Maschinenfabrik (Germany), Hegler (Germany), ITIB Machinery International (Italy) and CDS Machines (Canada) |
According to AMA, the market for Plastic Extrusion Machinery is expected to register a CAGR of 5.25% during the forecast period to 2030. This growth is primarily driven by Up Surging Demand for Extruded Plastics in Numerous Applications and Rising Smart Infrastructures and Building Globally.
Globally, a noticeable market trend is evident Adoption towards Automated Plastic Processing and Packaging to Increase the Speed of Productivity Level and Efficiency
Major Players, such as Yean Horng Machinery (Taiwan), Vulcan Extrusion (India), Tecnomatic (United States), Reimelt Henschel Mischsysteme (Germany), Union Officine Meccaniche (Italy), Unicor (Germany), Hans Weber Maschinenfabrik (Germany), Hegler (Germany), ITIB Machinery International (Italy) and CDS Machines (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The plastic extrusion machinery market is a dynamic and growing market. The competitive landscape is fragmented, with a large number of players offering a wide range of products. The market is expected to be driven by the increasing demand for plastic products in various end-use industries.
Key Developments in the Market:
In December 2023, KraussMaffei partnered with Siemens to develop and offer integrated solutions for digitalizing plastic extrusion processes.
In January 2024, Billion Machinery launched a new line of energy-efficient plastic extruders with smart control systems.
Influencing Trend:
Adoption towards Automated Plastic Processing and Packaging to Increase the Speed of Productivity Level and Efficiency and Rapid Development in the Plastic Industry with Capability of Withstanding High Pressure
Market Growth Drivers:
Up Surging Demand for Extruded Plastics in Numerous Applications and Rising Smart Infrastructures and Building Globally
Challenges:
High Initial Cost of the Equipment is expected to hamper the growth of the Plastic Extrusion Machine Industry
Restraints:
Stringent Regulation for Banning Plastic and Plastic Made Materials and Designing Complexity of these Types of machinery
Opportunities:
Rapid Rise in Investment in the Industrial Sector and Growing High Demand for Extruded Plastics Products in the Packaging, Construction, and Healthcare Sectors
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Plastic Extrusion Machinery Market
- Analysis about New Entrants in Plastic Extrusion Machinery Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Plastic Extrusion Machinery Study Sheds Light on
The Plastic Extrusion Machinery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Plastic Extrusion Machinery industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plastic Extrusion Machinery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.