Global plastic extrusion machines market

Global plastic extrusion machines market overview.

The worldwide plastic extrusion machines market size turned into valued at $6,303 million in 2019 and is projected to reach $7,930.4 million by 2027, registering a CAGR of 4.5% from 2021 to 2027. Manufacturing sectors, including automotive, packaging, healthcare, and others, showcase excessive calls for diverse plastic extrusion Machines. Rise in consciousness approximately electricity-saving globally propels the plastic extrusion gadget marketplace increase. Hence, plastic extrusion machine producers are increasingly focusing on producing green and dependable twin-screw plastic extrusion machines to enhance the market’s growth.

What are Plastic Extrusion Machines?

Plastic extrusion machines are mechanical structures designed to provide non-stop profile extruded plastics merchandise in mass volume. Market gamers offer plastic extrusion systems of diverse sizes, types, and versions to fulfill the necessities of customers. Manufacturing sectors, together with automotive, packaging, healthcare, and others, show off excessive calls for diverse sorts of plastic extrusion systems. Plastic extrusion is a technique used for generating constant cross-sectional profile plastic merchandise. Polymers together with PVC, PP, and PE, are pressed via a die of favored form and cross-segment to provide extruded plastic merchandise, together with weather-stripping lines, pipes, tubes, plastic films, window frames, plastic sheet, twine insulations, and thermoplastic coatings.

GROWTH DRIVER

Increase in need for plastics by the packaging industry.

Different kinds of plastics are processed by different processing machines in the production process; due to toxin resistant and pollutant-free factors, plastic processing is gaining increased consumption in packaging industries drive the growth of the global market for machines for processing plastics. The oil and gas and construction industries are expected to increase the demand for plastic extrusion machinery during the forecast period. In addition, in the automotive industry, manufacturers have an excellent opportunity to introduce innovative plastic products that are manufactured to meet consumer demand for high-performance and fuel-efficient light vehicles.

Rise in awareness of global energy savings.

Plastic extrusion device manufacturers are increasingly focusing on leading the production of environmentally friendly and reliable twin-screw plastic extrusion devices to drive the growth of the global plastic extrusion market. Japan Steel Works (JSW) offers a TEX collection of twin-screw extruders, which ensure the overall performance of over-degassing and over-kneading for direct film/sheet processing. In addition, better manufacturing costs and fast plastic extrusion production are expected to satisfy the global plastic extrusion device market.

Focus on the production of innovative and energy-efficient blown film extrusions.

The boom in sponsorship has made the extrusion of modern green energy blown films on the market a production specialty. For example, Shubham Extrusion Pvt. Ltd. provides the market with many plastics blown film extrusion systems, including blown film systems with 5 and 7 layer coextrusion, dual dispensing film system and others for various packaging including lamination film, bag film mail, agricultural film, liner bags and others.

PRE COVID 19 IMPACT

The Global Plastic Extrusion machine market was at its peak. Due to upward push in recognition, approximately strength saving globally propels the plastic extrusion gadget marketplace boom. Hence, plastic extrusion gadget producers are increasingly focusing on producing green and dependable twin-screw plastic extrusion gadgets to reinforce the marketplace boom in the pre covid times. 

COVID-19 IMPACT

The COVID-19 pandemic has harmed the Global plastic extrusion machines market, particularly because of the halt in worldwide trade, extended lockdowns, and ceased production and plastics enterprise strategies.COVID-19 is an incomparable international public fitness emergency that has affected nearly every enterprise. The long-term results affect the enterprise increase all through the forecast period. Our ongoing studies amplify our studies framework to ensure the inclusion of underlying COVID-19 problems and capability paths forward. The file grants insights on COVID-19 thinking about the modifications in purchaser conduct and demand, buying patterns, re-routing the deliver chain, dynamics of present-day marketplace forces, and the substantial interventions of governments. The up-to-date examination gives insights, analysis, estimations, and forecasts, thinking about the COVID-19 effect on the market.

POST COVID-19 IMPACT

As respective governing governments start to carry those enforced lockdowns, the Plastic Extrusion Machine market is predicted to improve accordingly. Increase in call for extruder system from the transportation industry, propel the increase of the plastic extrusion system marketplace submits covid. The hectic lifestyle of purchasers has extended the adoption of frozen food, and thereby, the extruded plastic products, which has, in addition, caused the upward push in call for plastic extrusion machine will prosper the market increase of plastic extrusion market.

MACHINE TYPE SEGMENTAL ANALYSIS

The plastic extrusion machines market is segmented into twin-screw and single screws. The twin-screw segment will dominate the global plastic extrusion machine market by looking at length in value phrases.

SOLUTION TYPE SEGMENTAL ANALYSIS

The plastic extrusion machines market is segmented into new sales and aftermarket. The new sales section is predicted to dominate the worldwide plastic extrusion device marketplace during the market forecast period.

PROCESS TYPE SEGMENTAL ANALYSIS

The plastic extrusion machine market segmentation includes blown film extrusion, sheet/film extrusion, tubing extrusion, and others. In phrases of revenue, the blown film extrusion section is anticipated to keep a first-rate global plastic extrusion machine market percentage all through the have a look at period. A boom in patron specializes in producing energy-green progressive blown film extrusion to the market. For instance, Shubham Extrusion Pvt. Ltd. gives loads of blown film plastic extrusion devices to the market, which include 5-layer and 7-layer coextrusion blown film plant, twin-die blown film plant, and others for numerous programs which includes lamination films, courier bag films, agriculture film, liner bags, and others.

APPLICATION SEGMENTAL ANALYSIS

The market is split into building & construction, medical, transportation, consumer goods, and others based on application. The building & construction segment is expected to slow down the global plastic extrusion system market. An upward push for plastic extrusion systems from the building and construction industry is anticipated to increase the market. In addition, a boom in call for extruder systems from the transportation enterprise, propel the increase of the plastic extrusion machine market.

REGION SEGMENTAL ANALYSIS

Based on region, the global plastic extrusion machine market is analyzed throughout North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is anticipated to dominate the market throughout the forecast period.

COMPETITOR ANALYSIS

Some of the key players profiled are Bausano & Figli SpA, Costruzioni Meccaniche Luigi Bandera SpA, Kabra ExtrusionTechnik Ltd., KraussMaffei Group, Milacron Holdings Corp., Reifenhäuser GmbH & Co. KG Maschinenfabrik, The Japan Steel Works, Toshiba Machine Co., Ltd., UNION Officine Meccaniche SpA, and Windsor Machines Limited.

KEY STAKEHOLDERS

• Market research and consulting firms
• Industry Associations
• Global plastic extrusion machine market manufacturing firms
• Research Organizations and consulting companies
• Regulatory Bodies
• Suppliers
• Retailers

RECENT DEVELOPMENTS

1) The key players in this market adopted product launch, partnership, and growth as their key techniques to fulfill customer demands. Furthermore, they released energy-powerful plastic extrusion systems of various sizes to reinforce their marketplace position. For instance, in May 2018, Costruzioni Meccaniche Luigi Bandera spA added a brand new PET line for inflexible packaging enterprises in the Middle East. This new line incorporates a patented twin-screw extruder, 2C135 52 L/D, single-screw co-extruder TR100 35 L/D, progressive vacuum venting structures, excessive purification, and a terrific filtration system. 2) TOKYO – Toshiba Corporation (TOKYO: 6502), the enterprise chief in solutions for large-scale combinatorial optimization problems, introduced its Simulated Bifurcation Machine™ is now to be had for on-premises trial and checking out in Japan. Developers, researchers, and agencies in Japan can now revel in the world’s fastest, excessive accuracy optimization laptop for complicated problem-fixing in real-time through inquiring about an ordeal from Toshiba Digital Solutions Corporation. 3) Leading carriers, including Bausano and Figli SpA and Kabra ExtrusionTechnik Ltd., aim to use polymers, including PP, PE, and PVC, to produce seamless plastic products. This method shall assist the main carriers in the plastic extrusion market in attaining market maturity. There is an excessive possibility of novice carriers locating a channel of access into the marketplace thru the manufacture of plastic pipes and sheets.

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD $6303 Million
The revenue forecast in 2027	USD $793.0 Million
Growth Rate	CAGR of 4.5% from 2021-2027
Historical data	2017-2019
Quantitative units	Revenue in USD Million
Region covered	North America, Asia Pacific, Europe, South America, Middle East & Africa
Key companies Profiled	Bausano & Figli SpA, Costuzioni Meccaniche Luigi Bandera SpA, Kabra Extrusion Technique Ltd., Kraussm affei Group, Milacron Holdings Crop., Reifenhauser Gmbh & Co. KG Maschinenfabrik, The Japan Steel Works, Toshiba Machine Co. Ltd., UNION Officine Meccaniche SpA, and Windsor Machines Limited.

MARKET MODELING

BY MACHINE  TYPE

• Twin Screw
• Single Screw

BY SOLUTION TYPE

• New Sales
• Aftermarket

BY PROCESS TYPE

• Blown Film Extrusion
• Sheet/Film Extrusion
• Tubing Extrusion
• Others

BY APPLICATION

• Building & Construction
• Medical
• Transportation
• Consumer Goods
• Others

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