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Extruders Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Extruders Industry Market Size Be by 2025?
The size of the extruders market has been progressively expanding over the past few years. The projection is that it would increase from $10.28 billion in 2024 to $10.59 billion in 2025, a compound annual growth rate (CAGR) of 3.0%. The expansion during the historic period is due to the growth of the plastic industry, the rising need for food processing equipment, advancements in construction materials, a broader use in the pharmaceutical sector, and a heightened awareness of the importance of recycling.
What's the Long-Term Growth Forecast for the Extruders Market Size Through 2029?
In the coming years, the extruders market is set to experience robust growth as its size expands to $13.18 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%. This growth during the forecast period can be ascribed to factors such as the use of sustainable and biodegradable materials, the production of 3D printing filaments, increased demand for energy-efficient machinery, the process of biomedical materials, and fast prototyping in the aerospace sector. The forthcoming period is expected to see key trends such as digitalisation and Industry 4.0, tech breakthroughs, rising usage of 3D printing extruders, a bigger uptake of twin-screw extruders, and a burgeoning utilisation in medical extrusion.
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What Are the Key Growth Drivers Fueling the Extruders Market Expansion?
The extruders market's growth is expected to surge due to the expansion of the packaging industry. Packaging encompasses the enclosing or securing of a product in a container for ease of distribution, recognition, storing, promotion, and utilization. There is a growing trend driven by factors like convenience and the necessity for product protection, which is bolstering consumer demand for packaged goods. This prompts manufacturers to invest more in advanced extrusion technologies, enabling them to devise versatile and eco-friendly packaging solutions. The move towards sustainable materials and innovative packaging designs amplifies this trend, prompting the need for elaborate extrusion procedures to yield lightweight, resilient and recyclable products. For instance, a January 2023 report by Drapers, a US fashion retail business news firm, underscored a notable surge in UK consumers' demand for sustainable packaging. Numbers indicate that 64% of consumers are more likely to make purchases from retailers who offer sustainable packaging, with 50% prepared to pay extra for sustainable packaging and delivery options. Hence, the rising packaging industry is fuelling demand for the extruders market.
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Which Emerging Trends Are Transforming the Extruders Market in 2025?
Key market leaders in the extruders market are innovating with advanced extrusion methodologies to create high-quality, multi-layer films, while reducing waste and energy use. This improvement in production efficiency fulfils the growing needs of the plastic processing sector. For example, in September 2022, Indian manufacturer Rajoo Engineers Limited launched the new PentaFoil®POD, a 5-layer blown film line aimed at boosting efficiency and meeting the dynamic needs of clients in the plastic processing sector. This innovative line includes the next-generation extruders, notably the relEX 4.0 Extruders. Through this, manufacturers aiming to boost their production capabilities can benefit from better performance and yield, thanks to the inclusion of relEX 4.0 Extruders.
How Is the Extruders Market Segmented?
The extrudersmarket 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 Companies Are Leading the Charge in Extruders Market Innovation?
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 Are Leading the Global Extruders Market in Revenue?
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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