How big is the Plastic Processing Machinery Market?

The Plastic Processing Machinery Market size is expected to reach USD 32.76 billion in 2024 and grow at a CAGR of 4.45% to reach USD 40.73 billion by 2029. Read More

What is the current Plastic Processing Machinery Market size?

In 2024, the Plastic Processing Machinery Market size is expected to reach USD 32.76 billion. Read More

Who are the key players in Plastic Processing Machinery Market?

Husky Injection Molding Systems Ltd., Milacron LLC, Engel Austria Gmbh, Haitian International Holdings Limited and Brown Machine Group are the major companies operating in the Plastic Processing Machinery Market. Read More

Which is the fastest growing region in Plastic Processing Machinery Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Plastic Processing Machinery Market?

In 2024, the Asia Pacific accounts for the largest market share in Plastic Processing Machinery Market. Read More

What years does this Plastic Processing Machinery Market cover, and what was the market size in 2023?

In 2023, the Plastic Processing Machinery Market size was estimated at USD 31.36 billion. The report covers the Plastic Processing Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Plastic Processing Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Plastic Processing Machinery Market Share

Statistics for the 2023 & 2024 Plastic Processing Machinery market share, created by Mordor Intelligence™ Industry Reports. Plastic Processing Machinery share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Plastic Processing Machinery Industry

The competitive rivalry in the plastic processing machinery market is high owing to the presence of some key players, such as Brown Machine Group and Haitian International Holdings Limited, amongst others. Through research and development, these companies have gained a competitive advantage by continually innovating their offerings. These players, through innovation and mergers and acquisitions, have been able to gain a strong footprint in the market as well as be able to further develop the technology.

In June 2022, ALPLA Group, Brink, and IPB Printing partnered with ENGEL to introduce K 2022, a quantum leap for the packaging industry. PET thin-walled containers can now be constructed for the first time in a single injection molding production step. The stand of the Austrian injection molding equipment company ENGEL processes recycled PET. This is accomplished using an ENGEL e-speed injection molding machine with a freshly created, incredibly potent injection unit.