Plastic processing machinery is the general term for all types of machinery and equipment used in the plastics processing industry. Certain fluids and solids conveying, separating, crushing, grinding and drying general-purpose machinery and equipment, in the plastics processing industry also occupies an important position, so often listed as plastic machinery. The design and manufacture of modern plastics processing machinery, in addition to relying on the development of mechanical engineering and materials science, is particularly closely related to the progress of theoretical research in plastics engineering.
There is a wide range of plastic processing machinery. According to the processing process is divided into several categories such as injection moulding machinery, extrusion machinery, blow moulding machinery, 3D plastic printers, thermoforming machinery, etc. The following is an introduction to the most commonly used categories. The extruder is used to extrude molten plastic through a fixed-shaped extrusion outlet under the action of a screw, cut by water cooling and shaping under the action of a haul-off machine. It is mainly used for the continuous production of large quantities of various products of the same cross-section, such as tubes, bars and profiles, and also for plastic modification and granulation. Injection moulding machines are used to inject molten plastic into moulds, which are then cooled down to form the product. It is used in a wide range of applications, depending on the plastic, and is used in different places. The injection moulding machine is the most used processing machine in the plastics processing industry. Not only is there a large number of products that can be produced directly by the injection moulding machine, but it is also the key equipment that makes up the injection, pulling and blowing process. Film blowing machines are used to heat and melt plastic particles before blowing them into film. Due to the nature of plastic processing machinery, it is widely used in packaging, consumer、institutional products, the construction industry.
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Global Plastics Processing Machinery Market Analysis
The Plastics Processing Machinery market has witnessed growth from USD 36594.40 million to USD 35680.03 million from 2015 to 2020. With the CAGR of 4.40%, this market is estimated to reach USD 48242.00 million in 2027. According to our research, the Global Plastics Processing Machinery market has a total revenue of 36594.40 M USD back in 2015, and increased to 38727.00 M USD in 2019. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Plastics Processing Machinery markets can be 48242.00 M USD by 2027. The CAGR of Plastics Processing Machinery is 4.40% from 2020 to 2027.
Plastics Processing Machinery companies are mainly from Europe; the industry concentrate rate is moderate. The top three companies are ENGEL, Haitian International, Husky Injection Molding Systems with the revenue market share of 3.93%, 3.49% and 3.36% in 2019. Europe was the largest revenue market with a market share of 42.91% in 2015 and 42.89% in 2019, a decrease of 0.02%. In 2019, the United States market share was 19.66%, ranking second. In addition, China Plastics Processing Machinery market is expected to be the growing market. Development of economy, increase downstream demand, technology innovation progress in these areas will promote the Plastics Processing Machinery market.
Global Plastic Processing Machinery Market SWOT
Plastic products have certain consumption attributes, but due to their long product life cycle, the corresponding equipment companies have little demand for updating. The relatively low-end plastics processing machinery has a life span of 8-10 years, and the high-end products have a longer life cycle. The current overall industry demand comes from the demand for equipment purchase driven by new investment and the import substitution demand for high-end plastics processing machinery. The industry has a wide range of downstream applications and scattered customers. The driving force for corporate growth comes from the growth of industry demand, the upgrading of product structure and the development of new customers.
Plastics instead of steel and other materials for other purposes are the internal driving force for the long-term development of the industry. In the long run, the use of plastic to replace steel, plastic to replace non-ferrous metals, plastic to replace cement, and plastic to replace wood are gradually developing. Plastics are widely used in aerospace, defense, petrochemical, marine, electronics, optoelectronic communications, building materials, packaging, and agriculture. And light industry and other fields. In recent years, the price of steel has risen more than that of plastic, which has strengthened the demand for replacing steel with plastic.
Therefore, plastic products are still facing steady growth in demand for the foreseeable period. Since 2017, the price of steel has increased more than that of plastic, and the demand for replacing steel with plastic in the fields of automobiles and home appliances has been greatly boosted. This will bring great opportunities for the development of plastics processing machinery industry. In addition to this, the development of the plastics processing machinery industry is driven by downstream consumer upgrades.
More and more developing regions have become important production bases for plastics processing machinery. The technological level is an important limiting factor for the development of this industry in these regions. Take China as an example. Although China’s plastics processing machinery has developed rapidly and produced more varieties, it can basically provide the general technical equipment required for domestic plastic raw material processing and plastic product processing and molding. Individual products have also entered the forefront of the world. Compared with industrial developed countries such as Germany, Japan, and Italy, Chinese products still have a certain gap, mainly in terms of fewer varieties, high energy consumption, low control levels, and unstable performance. Plastics Processing Machinery\'s mechanical parts are related to the prices of raw materials and steel, and changes in steel prices will affect the prices of various raw materials. From the relevant disclosures, a large number of smaller Plastics Processing Machinery companies’ direct materials accounted for approximately 85% of the total cost, while the more mature companies’ direct materials accounted for a slightly lower proportion of the total cost, which will also be close to 70%. The overall cost control of the industry is difficult, and the cost depends on the cost of upstream raw materials. Therefore, the fluctuation of raw material prices is a very important limiting factor for the development of the industry. In the future, under pressure from the supply side and environmental protection, there is still the possibility of substantial price increases for raw materials, which will affect the profitability of injection molding machine manufacturers. Industries with overcapacity are prone to competitive price reductions. Although the overall pattern of the plastics processing machinery industry is basically determined at present, there may also be the possibility of big brands triggering price wars to rapidly increase market share, which will limit the development of the whole plastics processing machinery industry.
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