Plastic Processing Machinery Market 2024: Key Players ARBURG, Milacron, Sumitomo Heavy Industries, Ltd
Plastic Processing Machinery Market size may witness steady gains on account of rising application in mechanized packaging for food & beverage and electronics industries.
(EMAILWIRE.COM, August 09, 2018 ) 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.
Plastic Processing Machinery Market size may witness steady gains on account of rising application in mechanized packaging for food & beverage and electronics industries. These products exhibit desirable properties including light weight, insulation, toxin resistance, high durability, weathering resistance, aesthetic qualities and flexibility which may enhance product demand.
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Government regulations to reduce vehicular emissions are influencing automotive manufacturers to use lighter components to reduce the gross weight of automobiles to enhance their performance and fuel efficiency, therefore stimulating product growth. Global passenger car sales reached 80 million in 2017, indicating massive growth prospects for plastic processing machinery market.
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.
These machineries are of different types including injection molding, extrusion molding, rotational molding and blow molding technologies. Extrusion machines convert solid raw materials to liquid, which can be reconstituted into final products. This technology has gained popularity owing to its low cost, post-process manipulation and enhanced flexibility. Injection molding includes newer innovations such as water injection technique, gas injection technique, mono-sandwich and dual-shot injection molding which may accelerate plastic processing machinery market size on account of their high-quality yields and versatility.
These machineries convert resin and crude oil powders, pellets, grains, sheets or fluids into differently-shaped components. These parts are then converted into final products by auxiliary operations such as adhesive bonding, welding, surface decoration and machining.
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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.
Stringent product regulations passed by EPA and FDA may create significant barriers for the market growth. However, ongoing efforts by regional manufacturers to develop alternative production technologies for enhancing sustainability may support plastic processing machinery market growth.
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.
Plastic Processing Machinery Market size may witness steady gains on account of rising application in mechanized packaging for food & beverage and electronics industries. These products exhibit desirable properties including light weight, insulation, toxin resistance, high durability, weathering resistance, aesthetic qualities and flexibility which may enhance product demand.
Request for table of contents of this report@ https://www.gminsights.com/request-toc/upcoming/2705
Government regulations to reduce vehicular emissions are influencing automotive manufacturers to use lighter components to reduce the gross weight of automobiles to enhance their performance and fuel efficiency, therefore stimulating product growth. Global passenger car sales reached 80 million in 2017, indicating massive growth prospects for plastic processing machinery market.
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.
These machineries are of different types including injection molding, extrusion molding, rotational molding and blow molding technologies. Extrusion machines convert solid raw materials to liquid, which can be reconstituted into final products. This technology has gained popularity owing to its low cost, post-process manipulation and enhanced flexibility. Injection molding includes newer innovations such as water injection technique, gas injection technique, mono-sandwich and dual-shot injection molding which may accelerate plastic processing machinery market size on account of their high-quality yields and versatility.
These machineries convert resin and crude oil powders, pellets, grains, sheets or fluids into differently-shaped components. These parts are then converted into final products by auxiliary operations such as adhesive bonding, welding, surface decoration and machining.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2705
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.
Stringent product regulations passed by EPA and FDA may create significant barriers for the market growth. However, ongoing efforts by regional manufacturers to develop alternative production technologies for enhancing sustainability may support plastic processing machinery market growth.
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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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results