Title: Plastic Processing Machinery Market by Products, Applications & Regional Growth by 2019-2025
1Plastic Processing Machinery Market Growth
Outlook with Industry Review and Forecast
2019-2025
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2 Global Market Scenario of Plastic Processing
Machinery Industry
- Rising demand for effective packaging in
ready-to-eat, baked products breakfast cereals,
may enhance plastic processing machinery market
demand. Global bakery product market size may
surpass USD 525 billion till 2024, pertaining to
rising demand for convenience food, hectic
lifestyles and changing food preferences which
will further enhance the plastic processing
machinery market size. - In the construction industry, plastic components
are rapidly replacing traditional materials which
includes wood and metal, in cables, insulations,
floorings, storage tanks and windows thus having
a positive impact on plastic processing machinery
market. Global construction industry may surpass
USD 15 trillion in the future owing to rising
industrialization and economic resurgence, which
presents ample growth opportunities for product
market. - The machineries application from 3D printing is
expected to witness strong growth owing to
increasing applications in product manufacturing.
Plastic processing machineries may witness rising
demand from educational, dental and medical
industries. - Global artificial limbs market may expect gains
at over 6 reaching the total value at about USD
2,900 million in the forecast period on account
of rising incidence of osteoarthritis and
vascular disease, thus stimulating growth of
plastic processing machinery market.
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3- Regional Trends-
- Europe plastic processing machinery market size,
led by Spain, France, U.K, Ireland, Belgium and
Germany may grow significantly till 2024 owing to
resurgence in the construction sector after
recovery from the 2009 recessionary slump. Great
Britain construction market size was
approximately USD 220 billion in 2017 which may
further stimulate the plastic processing
machinery market demand. - North America, led by Mexico, Canada, and the
U.S. plastic processing machinery market demand
may grow steadily on account of growing consumer
electronics medical industries, low gas prices
and continuous research development efforts in
the region. U.S. consumer electronics market size
was valued at over USD 335 billion in 2017 and is
expected to rise further owing to increasing
product convergence and smartphone use, thereby
promoting the industry size. - Asia Pacific, led by Japan, South Korea,
Australia, Malaysia, India and China plastic
processing machinery market size may show strong
growth primarily owing to government efforts in
emerging economies to increase foreign direct
investment and integration with other economies.
Strong growth in the automotive sector and
increased construction expenditure for
infrastructure upgradation could also boost
plastic processing machinery demand in the
region. Indian passenger commercial vehicle
market is witnessing significant growth, owing to
rising industrialization, thus boosting product
demand.
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5- Competitive Trends
- Global plastic processing machinery market share
is highly competitive and significantly
fragmented including key vendors such as Husky
Injection Molding Systems, ARBURG, Milacron,
Sumitomo Heavy Industries, Ltd., and Haitian
International Holdings Ltd. Market participants
are establishing new plants and enhancing
production capacity of existing ones to deal with
increasing growth opportunities in the food
packaging segment.
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