Plastic Extrusion Machine Market Seeing Growth, Drivers, New Trends and Key Players 2025

Allied Market Research recently published a report, titled, Plastic Extrusion Machine Market by Machine Type (Single Screw and Twin Screw), Process Type (Blown Film Extrusion, Sheet/Film Extrusion, Tubing Extrusion, and Others), and Solution (New Sales and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2018–2025.

The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global plastic extrusion machine market generated $6.05 billion in 2017, and is expected to reach $8.24 billion by 2025, growing at a CAGR of 3.8% from 2018 to 2025.

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Asia Pacific to be lucrative through 2025

Among regions, the market in Asia-Pacific grabbed more than two-fifths of the market share and is likely to dominate the market through 2025. It would also achieve the fastest CAGR of 4.7% through the forecast period. There is a high demand for plastic extrusion machine in the region due to the presence of many small to mid-level manufacturing sectors such as consumer goods, packaging, automotive, and others requiring high quality and continuous profile extruded plastic products in economies such as China and India.

Blown film extrusion segment to lead in terms of revenue through 2025

Among process types, the blown film extrusion segment was the largest in 2017, capturing nearly two-fifths of the market share and would maintain its dominance through 2025. This is because industries such as automotive, consumer goods, and others opt for blown film plastic extrusion machinery to produce blown plastic films for their packaging applications.

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Key Findings of the Plastic Extrusion Machine Market:
• Based on process type, the blown film extrusion segment was the largest revenue-generating segment in 2017.
• In 2017, twin-screw plastic extrusion machine generated the highest revenue, accounting for almost three-fifths of the market, and is projected to grow at a significant CAGR from 2018 to 2025.
• The aftermarket segment is projected to grow at a significant CAGR during the forecast period.
• China accounted for approximately half the Asia-Pacific plastic extrusion machine market share in 2017 in terms of revenue.

Key players of the industry

Leading market players analyzed in the research include 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. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

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