Plastic Processing Auxiliary Equipment Market: Major Trends Reshaping the Future of the Industry

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What Will the Plastic Processing Auxiliary Equipment Industry Market Size Be by 2025?
In recent times, the size of the plastic processing auxiliary equipment market has been increasing with consistency. This market size, which stands at $7.26 billion in 2024, is projected to reach roughly $7.5 billion in 2025, growing at a compound annual growth rate (CAGR) of 3.3%. The market expansion during the past period can be credited to factors such as the upsurge in the plastic manufacturing industry, globalization of plastic production, adherence and compliance to regulations and safety standards, progress in the packaging industry, as well as recycling initiatives.

What's the Long-Term Growth Forecast for the Plastic Processing Auxiliary Equipment Market Size Through 2029?
The market size of plastic processing auxiliary equipment is anticipated to experience consistent expansion in the coming years. Its growth is projected to reach "$9 billion by 2029, with a compound annual growth rate (CAGR) of 4.7%. The expected growth during the forecast period can be contributed to efforts in enhancing energy efficiency, advancing material processing, broadening 3d printing for plastics use, demanding sustainable practices, research and development in material science, and fortifying the global supply chain. Prominent trends observed during the forecast period consist of remote servicing and diagnosis, compact/modular designs, personalization for varied applications, automation, robotics, and integration of Industry 4.0.

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What Are the Key Growth Drivers Fueling the Plastic Processing Auxiliary Equipment Market Expansion?
The plastic processing auxiliary equipment market is predicted to experience a boost due to the increasing need for plastic processing auxiliary equipment. Such equipment is vital in the creation and handling of plastic goods. They are necessary in numerous production processes to enhance product quality, provide additional strength, and facilitate extrusion, injection molding or machine molding processes. The Plastics Industry Association's (PLASTICS) Committee's Equipment Statistics (CES) report, a committee based in the U.S., disclosed in March 2023 that the deliveries of plastics machinery had escalated by 22.3% in the last quarter of 2022, totaling $432.7 million in North America. This marked an overall growth of 4.4% in comparison to 2021. The most striking increase was seen in the price of the single-screw extruders, which surged by 34.6%, closely followed by a 25.0% rise in injection molding shipments. Twin-screw extruder shipments saw an increase of 8.9%. Hence, the escalating need for plastic processing equipment is fuelling the expansion of the plastic processing auxiliary equipment market.

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What Are the Key Trends Driving Plastic Processing Auxiliary Equipment Market Growth?
Advanced technologies are becoming increasingly important in the plastic processing auxiliary equipment market. Companies in this space are releasing AI-driven products to maintain their competitive edge. For example, in October 2022, South Korea-based LS Mtron Co Ltd. introduced the AI Molding Assistant and Smart Weight Control systems. These tools utilize artificial intelligence to replicate expert molding practices and adjust product weight specifications in real time, streamlining the setup and ensuring consistent quality.

How Is the Plastic Processing Auxiliary Equipment Market Segmented?
The plastic processing auxiliary equipment market covered in this report is segmented -

1) By Type: Conveying Equipment, Extrusion Equipment, Blending Equipment, Drying Equipment, Heat Transfer Equipment, Plastic Processing Robots, Size Reduction Equipment, Material Storage Equipment, Other equipment
2) By Molding Technique: Injection Technique, Blow Technique, Extrusion Technique, Compression Technique, Other Molding Techniques
3) By Application: Food, Pharmaceutical, Automobile, Other Applications

Subsegments:
1) By Conveying Equipment: Belt Conveyors, Screw Conveyors, Pneumatic Conveyors, Bucket Elevators
2) By Extrusion Equipment: Single-Screw Extruders, Twin-Screw Extruders, Pipe And Profile Extruders, Sheet Extruders
3) By Blending Equipment: Batch Mixers, Continuous Mixers, Gravimetric Blenders, Non-Gravimetric Blenders
4) By Drying Equipment: Dehumidifying Dryers, Hot Air Dryers, Vacuum Dryers, Hopper Dryers
5) By Heat Transfer Equipment: Heat Exchangers, Water-Cooled Chillers, Oil Heaters, Thermal Controllers
6) By Plastic Processing Robots: Articulated Robots, SCARA Robots, Delta Robots, Collaborative Robots
7) By Size Reduction Equipment: Granulators, Shredders, Pulverizers, Crushers, Hammer Mills
8) By Material Storage Equipment: Silos, Bins, Hoppers, Tote Bins, Bulk Storage Systems
9) By Other Equipment: Mixing Stations, Dosing And Weighing Systems, Degassing Systems, Vacuum Loading Systems, Material Handling Equipment

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Which Companies Are Leading the Charge in Plastic Processing Auxiliary Equipment Market Innovation?
Major companies operating in the plastic processing auxiliary equipment market include 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., Novatec Inc., Werner Koch Maschinentechnik GmbH, Absolute Haitian Corporation, Guanxin Plastic Machinery Co. Ltd., Vector Injection Ltd., Plastic Systems Srl, Motan Group, Pinnacle Systems Inc., ACS Group, Conair Group, PMS Plastics cc, Maguire Products Inc., Comet Plastic Equipment LLC, Plastrac Inc., Gammaflux L.P., Coperion GmbH, Labotek A/S, Sterling Auxiliaries Pvt. Ltd., Universal Dynamics Inc., Davis Standard LLC

Which Regions Are Leading the Global Plastic Processing Auxiliary Equipment Market in Revenue?
Asia-Pacific was the largest region in the plastic processing auxiliary equipment market in 2024. The regions covered in the plastic processing auxiliary equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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