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Plastic Extrusion Machine Market Outlook - 2025 | By Machine Type, Process, Solution

01-20-2021 07:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Plastic Extrusion Machine Market

Plastic Extrusion Machine Market

According to a new report published by Allied Market Research, titled, "Plastic Extrusion Machine Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025," the global plastic extrusion machine market size was $6,057 million in 2017, and is projected to reach $8,244 million in 2025, growing at a CAGR of 3.8%. In value terms, the single-screw segment accounted for around two-fifths of the market share in 2017 and is expected to witness significant growth during the forecast period.

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Using a plastic extrusion machine, highly precise mass production of extruded plastic components is possible. A plastic extrusion machine serves as an energy-efficient and ideal solution for producing a large volume of continuous profile plastic products. The growth of the global plastic extrusion machine market is driven by a surge in demand for plastic products across the world. In addition, the market for plastic extrusion machine is mainly compelled by the escalating demand for extruded parts from various end-use industries such as the automotive, packaging, consumer goods, and others. Currently, prominent players in the plastic extrusion machine market, which have widespread existence worldwide, lead the market with their extensive distribution network in couple with their state-of-the-art product portfolio, which is a major compelling factor for the global plastic extrusion machine market growth.

Plastic extrusion machines can yield efficient packaging with high accuracy for brittle and complex components such as consumer goods and electronics and mobile phones. Hence, the escalating adoption of these products is expected to add to the development of the industry. However, high initial cost of the equipment is expected to hamper the growth of the plastic extrusion machine industry. Further, major players are focused on introducing innovative, energy-efficient, reliable, and advanced plastic extrusion machines in the market; for example, Theysohn Extrusionstechnik GmbH deals in plastic extruders equipped with the newest technology in parallel twin-screw extrusion. With the improved gearbox design of Theysohn, high energy savings have been achieved. In addition, plastic extrusion process facilitates the reduction in waste while manufacturing. Most of the plastics used in plastic extrusion can be recycled. This in turn helps minimize the waste production. The environment-friendly nature of the process is expected to boost the global plastic extrusion machine market growth.

Based on machine type, the single-screw plastic extrusion machine segment is expected to account for the largest share in the global market during the forecast period in terms of volume. Based on the process type, blown film extrusion segment is expected to account for the maximum share during the forecast period. This is attributed to industries such as automotive, consumer goods, and others, opting for blown film plastic extrusion machinery to produce blown plastic films for their packaging applications. On the basis of solution, the market is divided into new sales and aftermarket. The new sales segment is expected to dominate the market during the plastic extrusion machine market forecast period.

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Key Benefits for Plastic Extrusion Machine Market:

The study provides an in-depth global plastic extrusion machine market analysis along with the current trends and future estimations to elucidate the imminent investment pockets.

Information about the key drivers, restraints, and opportunities and their impact analysis on the market is included in the study.

Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.

The quantitative analysis of the global plastic extrusion machine market from 2018 to 2025 is provided to determine the market potential.

Plastic Extrusion Machine Key Market Segment:

By Machine Type

Single-Screw
Twin-Screw

By Process type

Blown Film Extrusion
Sheet/Film Extrusion
Tubing Extrusion
Others

By Solution

New Sales
Aftermarket

By Region

North America
Europe
Asia-Pacific
LAMEA

Key Market Players Profiled in the Report

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
Windsor Machines Limited

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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