New Insights from Meticulous Research® on Plastic Processing Auxiliary Equipment Market
Meticulous Research®, a global leader in market intelligence, has published a thorough report titled, ‘Plastic Processing Auxiliary Equipment Market by Type (Batch Blenders, Extrusion Controllers, Chillers, Granulators, Robots), Molding Technique (Injection, Blow), Sector (Automotive, Food & Beverage, Packaging, Construction) - Global Forecast to 2030.’

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Market Projections and Dynamics
The plastic processing auxiliary equipment market is expected to grow to $9 billion by 2030, according to the findings from Meticulous Research®. The market is forecasted to achieve a CAGR of 3.5% from 2023 to 2030, driven by increased plastic demand across various sectors and rising living standards resulting from economic growth. Nonetheless, heightened awareness of plastic pollution and a shift towards recycling and reuse may constrain market growth. However, the emergence of advanced recycling technologies presents significant opportunities, while governmental regulations aimed at limiting single-use plastics could pose challenges. Trends focusing on sustainability and innovation in plastic processing technologies are also shaping the market landscape.

Segmentation by Equipment Type
The report breaks down the market by equipment type, which includes blending, extrusion, conveying, drying, heat transfer, material storage, size reduction, and robotic equipment. The conveying equipment segment is anticipated to lead the market in 2023, while the blending equipment segment is expected to witness the fastest growth during the forecast period.

Molding Technique Breakdown
The market is also segmented by molding technique, which includes injection, blow, extrusion, compression, and others. The injection molding technique is projected to dominate the market in 2023, while the blow molding segment is anticipated to experience the highest growth rate.

Industry-Wise Market Segmentation
The market is categorized into several industry sectors, including automotive, food & beverage, pharmaceuticals, plastic packaging, construction, and healthcare. The plastic packaging segment is likely to capture the largest share in 2023, driven by substantial demand from the healthcare and automotive sectors. In contrast, the construction industry is expected to achieve the highest growth rate, fueled by increasing investments in smart city projects and the associated demand for various plastic construction materials.

Geographical Insights
Regionally, the plastic processing auxiliary equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is set to account for the largest share in 2023, owing to strong demand for plastic from sectors such as automotive, healthcare, and construction. Rapid economic development and rising disposable incomes in countries like China, India, and Indonesia are driving the demand for plastic products and, consequently, the adoption of plastic processing auxiliary equipment.

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Key Players:

The key players operating in the plastic processing auxiliary equipment market are Piovan Group (Italy), Bry-Air (Asia) Pvt. Ltd. (India), Shibaura Machine Co., Ltd. (Japan), Woywod Kunststoffmaschinen GmbH & Co. Vertriebs-KG (Germany), Moretto S.p.A. (Italy), WITTMANN Technology GmbH (WITTMANN Group) (Austria), Werner Koch Maschinentechnik GmbH (Germany), Absolute Haitian Corporation (U.S.), AIC Acquisition Company, LLC (U.S.), Milacron LLC (U.S.), Reynold India Private Limited (India), Guanxin Plastic Machinery Co., LTD (China), Vector Injection Ltd. (Canada), Maillefer (Finland), Rosendahl Nextrom GmbH (Austria), MATSUI MFG. CO., LTD. (Japan), Kawata Mfg. Co., Ltd., and motan holding GmbH (Germany).

Key questions answered in the report:

Which are the high-growth market segments in terms of type, molding technique, sector, and country?
What is the historical market for plastic processing auxiliary equipment across the globe?
What are the market forecasts and estimates for 2023–2030?
What are the major drivers, restraints, opportunities, challenges and trends in the global plastic processing auxiliary equipment market?
Who are the major players in the global plastic processing auxiliary equipment market, and what are their market shares?
Who are the major players in various countries, and what are their market shares?
How is the competitive landscape?
What are the recent developments in the global plastic processing auxiliary equipment market?
What are the different growth strategies adopted by the major players in the market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the global plastic processing auxiliary equipment market, and how do they compete with the other players?

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