Revival in Economic Growth & Rising Plastic Consumption Drives the Global Plastics Processing Machinery Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Plastics Processing Machinery markets. The global market for Plastics Processing Machinery is projected to reach US$15 billion by the year 2018, primarily driven by steady economic growth and increasing disposable income across developing nations that is driving growth in consumption of plastics. Rising industrialization worldwide and strengthening end-use markets such as packaging and medical are expected to support growth in the next few years.
San Jose, California (PRWEB) November 05, 2012
Follow us on LinkedIn – Global Plastics Processing Machinery market plummeted in 2008-2010 as the global economy experienced the worst recession since the Great Depression of the 1930s. The industrial sector has been one of the worst affected segments of the global economy. However, significant variations were evident across various regional markets. The recession-induced decline hastened the global shift in plastics processing machinery manufacturing from the West to the East. As a result, emerging markets of Brazil, China, India, and Russia are becoming significant contributors to sales volume and manufacturer revenues. China replaced Germany as the leading producer of plastics processing machinery in 2009 owing to the significantly low contraction in China as compared to Germany.
The recession also fostered the industry's shift towards complete production systems and highly automated investments, specifically in the emerging markets where companies have less-developed internal development capabilities. Weak demand in domestic markets compelled manufacturers to look at other international markets to try and offset losses, which intensified price-based competition among them. With significant reduction in profits, most of the leading end-users reduced capital expenditure on the processing machinery during the recession-struck period. However, the market for plastics processing machinery moved up the recovery ladder rather quickly once the global economies set into a phase of recovery.
Ease of manufacturing and versatility have transformed plastic into one of most essential materials in consumer as well as industrial products. Plastics has grown into one of the most promising and rapidly growing industries worldwide since the 1950s, fast replacing other material types including glass, wood, paper, metal etc., in a variety of applications. Plastics are increasingly being used in sectors such as automotive, construction, medical, packaging, agriculture, electrical and electronics, houseware, and pharmaceuticals. This contributes to demand creation for huge precision plastics processing machines and plastic molding equipment to manufacture flawless plastics products. The top application areas of plastics include packaging, construction, and automotive. Improving demand for plastics has resulted in tremendous ascends in the capacity usage of the processing sector and this trend is likely to carry on. Construction products, automotive parts, and packaging are the three major application areas for plastics particularly in the developing nations. The other potential growth sectors include electronics, information technology, and health sector.
Plastics Processing Machinery is a high technology and dynamic market. Production efficiency of the major plastics processing technologies has almost doubled in the last 20 years, while energy consumption is said to have declined by 30% mainly because of the technological advancements the industry witnessed over the years. Machines costing millions and possessing sophisticated functionalities are used in producing single plastic containers. Machines that were considered modern and hi-tech a decade ago are not the same workhorses on production floor today. Equipment must be useful and possess practical capabilities such as high speed, efficiency, and low maintenance with intricate decorating capabilities. The technical superiority of the plastics processing machines is getting better with every passing generation. Today, machines are being manufactured with shorter life spans and with the current pace of technical advancements. Application areas for plastics are enhanced when new products are developed or invented in sports, recreation, and medical care sectors. New inventions use high value technological plastics such as bioassimilating plastic prosthesis, which finds use in the medical sector.
As stated by the new market research report on Plastics Processing Machinery, Asia-Pacific is the largest regional market worldwide in terms of value. Asia-Pacific also emerges as the fastest growing regional market surging ahead at a compounded annual rate of 5.4% over the analysis period. Within Asia-Pacific, China, witnessing burgeoning demand for plastics, is the fastest growing market for plastics processing machinery. The Indian plastics market holds enormous potential due to the rapid rise in consumption, especially in automobile, consumer, and transportation sectors. Taiwan is ranked among the top five global manufacturers and exporters of plastic and rubber processing machinery. Segment wise, Injection Molding Machines represent the largest as well as the fastest growing segment in the global plastics processing machinery market. Extrusion Machines and Thermoforming Machines represent the other two major plastics processing machinery categories worldwide.
With plastics processing industry experiencing an increasing shift of manufacturing facilities to Eastern Europe and Asian countries, the production landscape is expected to change significantly in the years to come. Major reason behind the shift includes low-cost labor, local demand, and distribution dynamics. Key players profiled in the report include Berlyn Extruders, Inc., Brückner Group USA Inc., Donghua Machinery Ltd., Graham Engineering Corporation, Italtech S.p.A., Japan Steel Works Ltd., KraussMaffei Technologies GmbH, Sidel S.A., Sumitomo Heavy Industries Ltd., and Toshiba Machine Co., Ltd., among others.
The research report titled “Plastics Processing Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive market overview, impact of recession, current market trends, key growth drivers, recent industry activity, and profiles of major/niche global market participants. The report provides annual sales estimates and projections for the years 2010 through 2018 in value terms (US$) for geographic markets including the US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Key product segments analyzed for the market include Injection Molding Machines, Blow Molding Machines, Extrusion Machines, Thermoforming Machines and Others. The study also provides historic data for an insight into market evolution over the period 2004 through 2009.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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