Plastic Processing Machinery Market Size, Share, Growth Analysis, By Machinery (Injection Molding Machines, Extrusion Machines), By End user (Packaging, Automotive), By Region - Industry Forecast 2024-2031

Plastic Processing Machinery Market size was valued at USD 32.02 billion in 2022 and is poised to grow from USD 33.57 billion in 2023 to USD 46.77 billion by 2030, at a CAGR of 4.85% during the forecast period (2023-2030). 

The global plastic processing machinery market is highly competitive and comprises several key players. These companies are engaged in intense competition, focusing on product innovation, technological advancements, and strategic partnerships to gain a competitive edge. They also emphasize expanding their product portfolios, improving manufacturing capabilities, and strengthening their distribution networks to cater to the growing demand for plastic processing machinery across various industries worldwide. Overall, the market is characterized by robust competition and a constant drive for innovation among the leading players. 'Arburg GmbH + Co KG  ', 'Husky Injection Molding Systems Ltd.  ', 'KraussMaffei Group GmbH (ChemChina) ', 'Sumitomo Heavy Industries Ltd.  ', 'Haitian International Holdings Limited  ', 'Engel Austria GmbH  ', 'Wittmann Battenfeld Group  ', 'Nissei Plastic Industrial Co., Ltd ', 'Davis-Standard, LLC  ', 'Fanuc Corporation  ', 'Chen Hsong Holdings Limited  ', 'JSW Plastics Machinery, Inc.  ', 'Krones AG  ', 'Amcor Limited (Bemis Company) ', 'Coperion GmbH  ', 'Battenfeld-Cincinnati Group (Austria)( Hillenbrand Inc.) ', 'Cosmos Machinery ', 'Toshiba Machine Co. Ltd. ', 'Brown Machine Group ', 'GRAHAM ENGINEERING LTD  '

One of the key drivers of the global plastic processing machinery market is the increasing demand for plastic products across various industries. The widespread use of plastics in packaging, automotive, construction, and consumer goods sectors has created a significant need for efficient plastic processing machinery. Additionally, advancements in technology and automation have improved the productivity and efficiency of plastic processing equipment, driving market growth.

There is a growing demand for sustainable and eco-friendly plastic processing machinery, driven by increasing environmental concerns and regulations.

Asia Pacific remains the dominant region in terms of market share, driven by the rapid industrialization and infrastructure development in countries like China and India.