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Rising Packaging Demand Fuels Extruders Market Expansion: Powering Innovation and Expansion in the Extruders Market by 2025
Extruders Market Size
Extruders Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size of extruders has been showing a steady increase. It is projected to rise from $10.28 billion in 2024 to $10.76 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. This progress in the historic timeframe can be linked to several factors such as the growth of the plastic industry, the rising demand for food processing equipment, advances in construction materials, extended use in the pharmaceutical sector, and an increased consciousness around recycling.
Extruders Market Size Forecast: What's the Projected Valuation by 2029?
The extruders market is poised for robust growth in the upcoming years, with an expectation to reach $13.67 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.2%. The projected growth during the forecast period is linked to factors such as the use of sustainable and biodegradable materials, the production of 3D printing filament, the need for energy-efficient machines, processing of biomedical materials, and quick prototyping in the aerospace sector. Key trends expected during the forecast period incorporate digitalization and Industry 4.0, technological advancements, rising popularity of 3D printing extruders, wider usage of twin-screw extruders, and expanding application in medical extrusion.
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What Are the Drivers Transforming the Extruders Market?
The expansion of the packaging sector is projected to spur the development of the extruders market. Packaging involves enclosing or safeguarding a product in a container for purposes like distribution, identification, storage, promotion, and usage. The rising consumer appetite for packaged goods, influenced by factors such as convenience and the necessity for product safety, is leading manufacturers to invest more in cutting-edge extrusion technologies to generate flexible and sustainable packaging options. This pattern is augmented by the shift towards environmentally-friendly materials and advancements in packaging design, which necessitate intricate extrusion methods to fabricate lightweight, sturdy, and recyclable commodities. For example, a January 2023 report by Drapers, a US-based fashion retail business news firm, underscored a marked increase in the UK consumer demand for sustainable packaging. The report found that 64% of consumers have a greater inclination to purchase from retailers providing sustainable packaging, while 50% are ready to pay a higher price for such packaging and delivery solutions. Thus, the escalating packaging industry is pushing demand for the extruders market.
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What Long-Term Trends Will Define the Future of the Extruders Market?
Leading companies in the extruders market are innovating with sophisticated extrusion methods capable of generating top-grade, multi-layer films in a way that cuts down waste and energy use. These advancements contribute to a boost in production efficiency and facilitate the fulfillment of the changing demands in the plastic processing sector. For instance, Rajoo Engineers Limited, a manufacturing company situated in India, introduced PentaFoil®POD in September 2022. This 5-layer blown film line is a part of the new generation designs intended to improve production efficacy and address the transforming requirements of clients in the plastic processing industry. This state-of-the-art line includes superior extruders, specifically the relEX 4.0 Extruders. The addition of the relEX 4.0 Extruders ensures an enhanced performance and yield, crucial aspects for manufacturers seeking to upgrade their production abilities.
Which Segments in the Extruders Market Offer the Most Profit Potential?
The extruders market covered in this report is segmented -
1) By Type: Single-Screw Extruder, Twin-Screw Extruder, Ram Extruder
2) By End-User: Building and Construction, Transportation, Consumer Goods, Other End-Users
Subsegments:
1) By Single-Screw Extruder: General-Purpose Single-Screw Extruders, High-Performance Single-Screw Extruders
2) By Twin-Screw Extruder: Co-Rotating Twin-Screw Extruders, Counter-Rotating Twin-Screw Extruders
3) By Ram Extruder: Direct Ram Extruders, Indirect Ram Extruders
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Which Firms Dominate the Extruders Market by Market Share and Revenue in 2025?
Major companies operating in the extruders market include Hillenbrand Inc., Nordson Corporation, The Japan Steel Works Ltd., Kraussmaffei Group GmbH, Coperion GmbH, Shibaura Machine Co. Ltd., Davis-Standard LLC, Reifenhauser GmbH & Co. KG Maschinenfabrik, Clextral S.A.S., Colines S.p.A., Keicher Engineering GmbH, Amut S.p.A., Theysohn Extrusionstechnik GmbH, Macchi S.p.A., Gamma Meccanica S.p.A., Union Officine Meccaniche S.p.A., Battenfeld-Cincinnati Austria GmbH, NFM Welding Engineers Inc., Leistritz AG, BC Extrusion Holding GmbH, Presezzi Extrusion S.p.A., Nanjing USEON Extrusion Equipment Co. Ltd., ENTEK Manufacturing Inc., Kuhne GmbH, W&H-Lengerich Maschinenbau GmbH, Clex Extrusion Technik GmbH, Bandera Luigi Costruzioni Meccaniche S.p.A., Sikora AG, Alpha Marathon Technologies Inc., Welex a Davis-Standard Company, Tecnomatic S.p.A., Kabra Extrusion Technik Ltd.
Which Regions Offer the Highest Growth Potential in the Extruders Market?
Asia-Pacific was the largest region in the extruders market in 2024. The regions covered in the extruders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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