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Plastic Processing Auxiliary Equipment Market Overview 2023 - Forecast Market Size, Top Segments And Largest Region | Piovan Group, Shibaura Machine Co. Ltd., WITTMANN Technology GmbH
Plastic Processing Auxiliary Equipment Market Overview 2023
The Business Research Company's Plastic Processing Auxiliary Equipment Global Market Report 2023 identifies the growing demand for plastic processing auxiliary equipment as the major driver for the Plastic Processing Auxiliary Equipment market's growth in the forecast period. 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.
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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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
Advanced technologies are a key trend gaining popularity in the plastic processing auxiliary equipment market. Companies operating in the plastic processing auxiliary equipment market are launching advanced technological products based on artificial intelligence to sustain their position in the market. For instance, in October 2022, LS Mtron Co Ltd., a South Korea-based heavy machinery and electronic components manufacturer company launched AI Molding Assistant and Smart Weight Control, which are artificial intelligence (AI)-based smart injection systems. The AI Molding Assistant uses AI technology to learn and imitate the behavior of skilled molding specialists, reducing the time required to stabilize the initial molding setup process. Smart Weight Control detects product weight changes and adjusts processing conditions in real-time to ensure correct specifications are met.
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The Plastic Processing Auxiliary Equipment market is segmented -
• 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.
The Business Research Company's "Global Plastic Processing Auxiliary Equipment 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 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
……
26. Africa Plastic Processing Auxiliary Equipment Market
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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