Plastics are an integral part of a human’s life. Demand for plastics is continuously increasing as it is employed in a wide range of applications. This in turn is boosting the demand for machinery required for the processing plastics. Plastic processing machinery is a machine or a set of machines utilized for processing raw plastic into different desired shapes. Plastic processing machinery also includes those machines that are required for recycling of plastics. Plastic processing machinery can be broadly classified into molding and extrusion machines. Molding machines can be further categorized into blow molding, compression molding, injection molding, and rotational molding. The end-user industries are growing rapidly, thereby increasing the demand for plastics. This is likely to fuel the demand for plastic processing machinery during the forecast period. However, stringent environmental policies and regulations regarding the use and production of plastics may hamper the plastic processing machinery in the near future.
Based on application type, the plastic processing machinery market can be segmented into molding machines and extrusion machines. Molding machines can be further categorized into blow molding, compression molding, injection molding, and rotational molding. In the blow molding, raw plastic is molded into the desired shape using air. The blown air pushes the plastic against the mold to form the desired shape. In compression molding, heated plastic is molded into the desired shape by compressing the plastic against the mold. In injection molding, hot plastic is injected into the cavities of steel molds of different shapes. This allows the plastic to take the shape of cavities, thus forming the desired shape. In rotational molding, plastic is coated on the inside of the mold using high temperatures and rotational movement. The rotation movement creates centrifugal force, which evenly distributes the plastic along the mold walls. Injection molding machines accounts for a major share of the market and is anticipated to continue its dominance during the forecast period. Injection molding machines are more versatile as compared to other machines. This molding technique can be employed to manufacture large car parts as well as small precise surgical parts. Moreover, injection molding can be done using a wide range of resins and additives, thus making it a favorable choice for designers and engineers.
In terms of product, the plastic processing machinery can be segmented into polyethylene terephthalate (PET), polyvinyl chloride (PVC), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene random copolymer, and other products. Currently, the market is dominated by polyethylene terephthalate, and it is anticipated continue this trend during the forecast period. PET is often used as fibers, or for manufacturing bottles or in packaging.
In terms of geography, the global plastic processing machinery market is dominated by Asia Pacific due to the rapid expansion of the plastic industry and its end-user industries. Countries such as China and India are among the major contributors to the plastic processing machinery market in Asia Pacific. China is the largest producer and exporter of plastic products. The packaging industry in India is expanding at a rapid pace. China and India are among the fastest growing countries for the plastics market. This in turn is anticipated to boost the plastics processing machinery market during the forecast period.
Key players operating in the global plastic processing machinery market include Shyam Plastic Industries, Hindustan Plastic and Machine Corporation, Margo Industries, Arburg Gmbh & Company, Kgarburg Gmbh & Company, BC Extrusion Holding Gmbh, Brückner Group Gmbh, Cannon Spa, Chen Hsong Holdings Limited, and Cosmos Machinery Enterprises Limited.
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