Plastic Processing Auxiliary Equipment Market Huge Demand And Growth Drivers Along With Key Industry Players - Piovan Group, Shibaura Machine Co. Ltd., WITTMANN Technology GmbH, Woywod Kunststoffmaschinen GmbH & Co. Vertriebs-KG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Plastic Processing Auxiliary Equipment Market Size, Growth Rate, And Forecast

The global plastic processing auxiliary equipment market size is expected to grow from $6.84 billion in 2022 to $7.06 billion in 2023 at a compound annual growth rate (CAGR) of 3.29%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global plastic processing auxiliary equipment market size is expected to reach $8.14 billion in 2027 at a CAGR of 3.61%.

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Plastic Processing Auxiliary Equipment Market Drivers

The growing demand for plastic processing auxiliary equipment is expected to propel the growth of the plastic processing auxiliary equipment market going forward. Plastic equipment refers to machinery used for manufacturing and processing plastic products. Plastic processing auxiliary equipment is essential in various production lines to improve product quality, increase strength, and support extrusion, injection molding, or machine molding processes. For instance, in March 2023, the Plastics Industry Association's (PLASTICS) Committee's Equipment Statistics (CES) report, a US-based committee, revealed that in the fourth quarter of 2022, the shipments of plastics machinery in North America rose by 22.3%, amounting to $432.7 million. This was an overall increase of 4.4% compared to 2021. The most significant increase was in the value of single-screw extruders, which rose by 34.6%, followed by injection molding shipments which increased by 25.0%. Twin-screw extruder shipments increased by 8.9%. Therefore, the growing demand for plastic processing equipment is driving the growth of the plastic processing auxiliary equipment market going forward.

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Plastic Processing Auxiliary Equipment Market Segments

• By Type: Conveying Equipment, Extrusion Equipment, Blending Equipment, Drying Equipment, Heat Transfer Equipment, Plastic Processing Robots, Size Reduction Equipment, Material Storage Equipment, Other equipment

• By Molding Technique: Injection Technique, Blow Technique, Extrusion Technique, Compression Technique, Other Molding Techniques

• By Application: Food, Pharmaceutical, Automobile, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the plastic processing auxiliary equipment market.

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Plastic Processing Auxiliary Equipment Market Key Players
Major competitors in the plastic processing auxiliary equipment market are Piovan Group, Shibaura Machine Co. Ltd., WITTMANN Technology GmbH, Woywod Kunststoffmaschinen GmbH & Co. Vertriebs-KG, Kawata Mfg. Co. Ltd., Bry-Air Pvt Ltd., Reynold India Pvt. Ltd., Maillefer SA, Moretto SpA, Matsui America Inc., Sterling Auxiliaries Pvt. Ltd.

The Business Research Company's "Global Plastic Processing Auxiliary Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Plastic Processing Auxiliary Equipment Market Include:
1. Executive Summary
2. Plastic Processing Auxiliary Equipment Market Characteristics
3. Plastic Processing Auxiliary Equipment Market Trends And Strategies
4. Plastic Processing Auxiliary Equipment Market - Macro Economic Scenario
5. Plastic Processing Auxiliary Equipment Market Size And Growth
………………
27. Plastic Processing Auxiliary Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plastic Processing Auxiliary Equipment Market
29. Plastic Processing Auxiliary Equipment Market Future Outlook and Potential Analysis
30. Appendix

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