Plastic Extrusion Machine Market

Plastic Extrusion Machine Market Outlook (2022 to 2032)

The global plastic extrusion machine market is projected to reach USD 6,793.9 million in 2022. Based on the report, sales of plastic extrusion machines are expected to have a CAGR of 4.70% and to reach an evaluation of USD 10,754.4 million by 2032.

The demand for plastic extrusion machines is soaring, as there is a growing need for extruded plastic products from several end-use segments, such as packaging, consumer goods, construction, and automotive. This primarily boosts the growth of the global plastic extrusion machine market.

Report Attribute	Details
Plastic Extrusion Machine Market Value (2022)	USD 6,793.9 Million
Plastic Extrusion Machine Market Anticipated Value (2032)	USD 10,754.4Million
Plastic Extrusion Machine Market Projected Growth Rate (2022 to 2032)	4.70%

The demand for the plastic extrusion machine market is said to be constantly high, as these machines assist in speeding up the workflow and volume, at the same time maintaining stability through manufactured products.

Recently, plastic extrusion machines have gained traction across several industries owing to their fastness, mass production capacity, user-friendly procedure, greater flexibility, and outstanding production quality. Across the world, there is increasing awareness pertaining to energy saving, which boosts the plastic extrusion machine market.

Therefore, manufacturers of plastic extrusion machines are progressively aiming toward manufacturing reliable and effective twin-screw plastic extrusion machines. This is anticipated to encourage the growth of the plastic extrusion machine market share during the forecast period.

Faster production and increasing manufacturing rates through plastic extrusion are anticipated to support the global plastic extrusion machine market growth.

What are the Key Drivers in the Plastic Extrusion Machine Market?

The packaging industry is ever hungry for plastics to meet their demands, and this is a major element that is bolstering the growth of the global plastic extrusion machine market. In the production process, the processing machines produce varied types of plastics.

Owing to the pollutant-free and toxin-resistant factors, plastic processing is gaining popularity in the packaging industries, which as a result is promoting the growth of the global plastic processing machines market share.

In the automotive industry, manufacturers have an exceptional opportunity to launch innovative plastic products, which are specially manufactured to meet the demands of the consumer for fuel-efficient and superior-performance light vehicles.

Additionally, the construction and oil and gas industries are projected to have more demand for plastic extrusion machines during the forecast period. The building and construction industry has greater demand for plastic extrusion machines, and this is likely to fuel the market further.

Additionally, even the transportation industry has an escalating need for extruder machines, which supports the growth of the overall market. The global plastic extrusion machine market is said to have a lucrative footprint in the future due to considerable market-driving factors, such as the introduction of new plastic products and the latest technological processing.

The increasing manufacturing sector in developed and emerging regions, rising piping industries, additional consumer awareness regarding environmental-friendly equipment, and growing advantages of plastic extrusion machines, are all these factors combined to fuel the growth of the plastic extrusion machine market during the forecast period.

As consumers across the globe are becoming aware of environmental-friendly options, their preference towards less carbon emission control vehicles has promoted the market players to attain minimum fuel efficiency. To do that, these players have tied up with OEMs to create products for automobiles that are lightweight.

Of the single-screw and twin-screw machine types, the twin-screw segment is predicted to lead the global market in terms of value in the future. In terms of revenue, in the process type, the blown film extrusion segment is anticipated to hold a majority of the plastic extrusion machine market share during the forecast period.

The lack of knowledge about the benefits of these machines is another issue that may in the future restrain the expansion of the global market for plastic extrusion machines.

How is Asia-Pacific Performing in the Plastic Extrusion Machine Market?

Asia Pacific To Hold a Significant Market Share in Plastic Extrusion Machine Market.

The Asia Pacific region is said to account for a considerable market share in the global plastic extrusion machine market owing to people’s inclination towards smooth and comfortable plastic products, and therefore this region’s market is anticipated to witness the fastest growth. In countries like India and China, there is a substantial need for plastic extrusion machines because of the presence of several small to mid-level manufacturing sectors like packaging, consumer goods, and automotive, and packaging, which demand superior quality and constant profile extruded plastic items.

Economies like China, Japan, and India have manufacturing industries that are expanding at a significant pace, and therefore, there is the massive growth potential for plastic extrusion machines during the forecast period.

What is the Regional Outlook for the Europe Plastic Extrusion Machine Market?

Europe accounts for 19.80% market share in the global plastic extrusion machine. Europe is said to grow exponentially due to the rising automotive industry in the region. Countries such as the UK and Germany are anticipated to become popular in this sector, as there are stringent emission laws which are stirring the demand for plastic materials in every vehicle across the globe.

Europe has a luxurious way of living, this along with high living standards and higher disposable incomes has resulted in the lucrative growth of Europe's plastic extrusion machine market. There is an increase in the use of plastic products in end-user industries like footwear and automotive, which results in boosting demand for global plastic extrusion machines.

How is the Start-up Ecosystem in the Plastic Extrusion Machine Market?

Business models need to evolve with technological advancements, at times due to market fluctuations and sometimes owing to innovation of new technology. This results in the emergence of novel and exciting trends. This research report intricately monitors the start-up ecosystem from around the world.

In December 2019, R.R. Plast Extrusions Pvt. Ltd., an Indian plastics extrusion machinery and equipment manufacturer, is increasing the size three times its current plant in Asangaon, which is about 45 miles from Mumbai.

Who are the Key Players in the Plastic Extrusion Machine Market?

Some of the key players in the plastic extrusion machine market are Apex Engineers, Reifenhauserindia, Shyam Plastic Machinery, Bausano & Figli S.p.A., Krauss Maffei Berstorff, Extrusion Technik USA, Inc., TROESTER GmbH & Co. KG, KabraExtrusionTechnik Ltd., Well Shyang Machinery (WSM), W. Brabender Instruments Inc., MITSUBA MFG. CO., LTD., and DEGUMA-SCHÜTZ GmbH.

Presently, key manufacturers of this industry who have widespread global presence lead the market with their thorough distribution network, along with their new and innovative product portfolio. This has contributed to a substantial plastic extrusion machine market share.

Recent developments:

• Market-leading vendors like KabraExtrusionTechnik Ltd. and Bausano & Figli S.p.A. are focusing on using polymers such as PE, PP, and PVC to manufacture seamless plastic products.
• The Japan Steel Works (JSW) offers the TEX series of twin-screw extruders, which guarantees greater venting and higher kneading performance for direct film or sheet processing.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4.70% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2014 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Machine Type, Process Type, Material, Component, Application, Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa
Key Countries Profiled	United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa
Key Companies Profiled	Apex Engineers; Reifenhauser India; Shyam Plastic Machinery; Bausano & Figli S.p.A.; KraussMaffeiBerstorff; Extrusion Technik USA, Inc; TROESTER GmbH & Co. KG; KabraExtrusionTechnik Ltd.; WellShyang Machinery (WSM); W. Brabender Instruments Inc.; MITSUBA MFG. CO., LTD.; DEGUMA-SCHÜTZ GmbH.
Customization	Available Upon Request

Key Segments of the Plastic Extrusion Machine Market

By Machine Type:

• Single-screw
• Twin-screw

By Process Type:

• Blown Film Extrusion
• Sheet/Film Extrusion
• Tubing Extrusion
• Others

By Material:

• PVC
• Polypropylene (PP)
• Polyethylene (PE)
• Others

By Component:

• ScrewDrivers
• Heaters
• Dies
• Others

By Application:

• Building and Construction
• Medical
• Transportation
• Consumer Goods
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

Frequently Asked Questions

What is the Growth Outlook for the Plastic Extrusion MachineMarket?

The growth outlook for the plastic extrusion machine market is predicted to advance at a CAGR of 4.70% from 2022 to 2032.

Which Region Leads the Plastic Extrusion Machine Market?

The North American region is anticipated to lead the plastic extrusion machine market during the forecast period.

How much Growth Potential does the Plastic Extrusion Machine Market hold?

The plastic extrusion machine market is likely to hold a valuation of USD 10,754.4 million by 2032.