Industrial Automation Magazine India

Global Plastics Processing Machinery Industry Market Report

Published on : Monday 27-01-2020

From plastic bottles, plastic bags to automotive, aerospace and electronics grade plastics, the world remains addicted to plastics.

New York, January 2020 – The global market for Plastics Processing Machinery is projected to reach US$24.3 billion by 2025, driven by the ubiquitous consumption of plastics in virtually all consumer-oriented, industrial and commercial sectors. From plastic bottles, plastic bags to automotive, aerospace and electronics grade plastics, the world remains addicted to plastics despite the growing burden of plastic waste. Plastics are important manufacturing materials as they have high resistance for electricity conduction, are lightweight, durable, malleable, strong, cost effective and affordable. Engineered plastics are additionally fire-resistant, bacteria resistant and have greater mechanical strength. Continuous innovations in plastics are driving large scale displacement of metals with plastics.

The rise of recycled plastics and bioplastics are deflecting the heat raised by the environmental footprint of traditional plastics, promising to provide plastics a strong place even in the emerging sustainable, circular economy. Injection plastics moulding technologies are increasingly being adapted to process various types of biodegradable plastic resins in the wake of the soaring eco-conscious in the consumer market. Biodegradable plastic resin compatible with plastic injection moulding technology include Thermoplastic Starch-based Plastics (TPS); Polybutylene Succinate (PBS); Polyhydroxyalkanoates (PHA); Polylactic Acid (PLA); and Polycaprolactone (PCL).

The need for upgrades and modernisation of plastic processing plants in developing countries will spur replacement demand for injection moulding machinery. Growth is also benefiting from technology developments which are driving down equipment costs and increasing affordability of equipment in price sensitive emerging markets. With the industry being technology driven, demand is on the rise for high-end machinery designed to offer improved flexibility, higher output, superior energy efficiency, and higher RoI on invested plant assets.

Competitors identified in this market include, among others, Arburg GmbH & Co., Battenfeld-Cincinnati Austria, Brown Machine LLC, Bruckner Group GmbH, Davis-Standard LLC, Engel Austria GmbH, FANUC Corporation, Haitian International Holdings Limited, Husky Injection Molding Systems Ltd., Kautex Maschinenbau GmbH, KraussMaffei Technologies GmbH, Ningbo Haida Plastic Machinery Co. Ltd., Nissei ASB Machine Co. Ltd., Reifenhauser Group, SencorpWhite Inc., Sumitomo Heavy Industries Ltd., Toshiba Machine Co. Ltd.