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Extruders Market 2023: By Industry Demand, Growth Drivers, Ongoing Trends with Global Outlook 2032
Extruders Market
The Business Research Company's Extruders Global Market Report 2023 identifies increase in packaging industry as the major driver for the Extruders market's growth in the forecast period. Packaging refers to the process of enclosing or protecting a product in a container in order to facilitate distribution, identification, storage, promotion, and usage. Extrusion is a commercially effective technique that is increasing in demand across the food sector, including food processing, digital food marketing, and food packaging.
The global extruders market size grew from $9.54 billion in 2022 to $10.26 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. 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, causing inflation across goods and services and affecting many markets across the globe. The market size of global extruders is expected to grow to $13.26 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the Extruders market are Hillenbrand Inc., Shibaura Machine India Private Limited, The Japan Steel Works Ltd., Kraussmaffei Group Gmbh, Battenfeld-Cincinnati.
A key trend in the Extruders market includes technological advancements. Major players operating in the market are developing products with advanced technologies to sustain their position in the extruders market. For instance, in March 2021, GEA Group AG, a German-based food processing technology company, launched xTru Twin 140, which provides Powered screws provide consumers up to 40% more capacity while maintaining the same efficiency, quality, and footprint as previous iterations. Furthermore, this high-capacity technology may be applied to additional GEA xTru Twin extruder types adapted to existing machines to improve capacity without modifying the industrial design.
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https://www.thebusinessresearchcompany.com/report/extruders-global-market-report
The Extruders market is segmented -
• By Type: Single-Screw Extruder, Twin-Screw Extruder, Ram Extruder
• By End-User: Building and Construction, Transportation, Consumer Goods, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Extruders market.
The Business Research Company's "Global Extruders Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Extruders Market Include:
1. Executive Summary
2. Extruders Market Characteristics
3. Extruders Market Trends And Strategies
4. Extruders Market - Macro Economic Scenario
5. Extruders Market Size And Growth
…………………………………………………………………..
26. Africa Extruders Market
27. Extruders Market Competitive Landscape And Company Profiles28. Key Mergers And Acquisitions In The Extruders Market
29. Extruders Market Future Outlook and Potential Analysis
30. Appendix
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