Global Twin Screw Extruder Market Size is Expected to Grow to $5711.35 Million by 2028

Global Twin Screw Extruder Market Overview

According to Global Market Monitor, the globaltwin screw extruder market size is expected to grow to $5711.35 million by 2028 with a CAGR of 5.3% from 2023 to 2028.

A twin-screw extruder is a device with two co-rotating screws that mesh together, which is formed based on a single-screw extruder. It has been widely used in extruded products due to its good performance in feeding, mixing, plasticizing exhausting, and stable extrusion molding process.

In recent years, the rapid development of the pet industry has promoted the accelerated expansion of the pet feed industry market, especially in regions such as China. The increasing demand for pet feed has also promoted the rapid development of the industry. In addition to well-known international monopoly brands, new players have continued to enter the market, promoting the demand for twin screw extruders. The food & feed extrusion segment occupied the biggest share in 2022.

Market Drivers

As the performance advantages of modified plastic products gradually become apparent, the amount of modified plastic products used in household appliances continues to expand. With the advent of the era of smart home appliances, the market will have new requirements for modified plastics, both in terms of quantity and quality. For twin-screw extruders, new market demands have promoted the development and progress of products and provided impetus for market development. The mass production and application of plastic-modified materials cannot be separated from the same-direction twin-screw extruder. General plastics, engineering plastics, and various additives are blended and modified by co-rotating twin-screw extruders to prepare new materials (modified plastics) with specific functions, which has effectively pushed plastics into a wider and deeper demand for high application areas.

In recent years, consumers are more inclined to buy customized and personalized goods, which require flexible and adaptable manufacturing processes. Compared to traditional extrusion methods, which uses highly flexible processing machines such as twin-screw extruders, twin-screw extruders can ensure high yield and quality, and reduce waste. Twin-screw extruders enable manufacturers to meet a wide range of consumer requirements and can handle a wide variety of materials, additives, and formulations. The increase in spending on customized consumer goods has a positive impact on the global twin-screw extruder market.

Market Drivers	Rising Demand for Personalized Goods and Increasing Consumer Spending
	Continuous Development of the Modified Plastics Industry
	Increasing Government Policies and Investments intheFood Processing Sector
	Growing Demand for Pet Feed