Global Plastic Processing Machinery Market 2018-2022

Global Plastic Processing Machinery Market 2018-2022

About this market

The plastic processing process is being mechanized: various steps are being initiated by vendors to produce automated plastic processing machines. The increasing need to meet market demands for optimized flexibility and personalization in terms of product design and precision has increased the need to integrate automated machines in the process line. Robots are being used to enhance plastic processing. Moreover, plastic processing machines are equipped with PLC and controllers which communicates to a human-machine interface through communication protocols. In addition, servo drives are integrated with plastic processing machines to synchronize conveyor movement. All these benefits provided by automated machines have resulted in an increase in demand for such machines in plastic processing and this trend is expected to continue during the forecast period. Technavio’s analysts have predicted that the plastic processing machinery market will register a CAGR of more than 3% by 2022.

Market Overview

High demand from food packaging industry

The major food and beverage brands are exploring plastic packaging to extend the shelf life of packaged foods. Also, most companies are focusing on attractive packaging for their products to increase brand identification, which is increasing the use of plastic processing machinery for rigid, semi-rigid, and flexible packaging.

Increasing adoption of automated machines

The increasing need to meet market demands for optimized flexibility and personalization, in terms of product design and precision, has increased the need to integrate automated machines in the process line. All these benefits provided by automated machines have resulted in an increase in demand for such machines in plastic processing and this trend is expected to continue during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the plastic processing machinery market during the 2018-2022, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’