Plastic Processing Machinery Market set for massive growth by 2025
Global Market Insights, Inc
present the report on global Plastic
Processing Machinery Market evaluates the growth trends of the industry
through historical study and estimates future prospects based on comprehensive
research. The report extensively provides the market share, growth, trends and
forecasts for the period 2019-2025.
Rising demand for effective
packaging in ready-to-eat, baked products & breakfast cereals, may enhance
plastic processing machinery market demand. Global bakery product market size
may surpass USD 525 billion till 2024, pertaining to rising demand for
convenience food, hectic lifestyles and changing food preferences which will
further enhance the plastic processing machinery market size.
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In the construction industry,
plastic components are rapidly replacing traditional materials which includes
wood and metal, in cables, insulations, floorings, storage tanks and windows
thus having a positive impact on plastic processing machinery market. Global
construction industry may surpass USD 15 trillion in the future owing to rising
industrialization and economic resurgence, which presents ample growth
opportunities for product market.
The machineries application
from 3D printing is expected to witness strong growth owing to increasing
applications in product manufacturing. Plastic processing machineries may
witness rising demand from educational, dental and medical industries. Global
artificial limbs market may expect gains at over 6% reaching the total value at
about USD 2,900 million in the forecast period on account of rising incidence
of osteoarthritis and vascular disease, thus stimulating growth of plastic
processing machinery market.
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Europe plastic processing
machinery market size, led by Spain, France, U.K, Ireland, Belgium and Germany
may grow significantly till 2024 owing to resurgence in the construction sector
after recovery from the 2009 recessionary slump. Great Britain construction
market size was approximately USD 220 billion in 2017 which may further
stimulate the plastic processing machinery market demand.
North America, led by Mexico,
Canada, and the U.S. plastic processing machinery market demand may grow
steadily on account of growing consumer electronics & medical industries,
low gas prices and continuous research & development efforts in the region.
U.S. consumer electronics market size was valued at over USD 335 billion in
2017 and is expected to rise further owing to increasing product convergence
and smartphone use, thereby promoting the industry size.
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Asia Pacific, led by Japan,
South Korea, Australia, Malaysia, India and China plastic processing machinery
market size may show strong growth primarily owing to government efforts in
emerging economies to increase foreign direct investment and integration with
other economies. Strong growth in the automotive sector and increased
construction expenditure for infrastructure upgradation could also boost
plastic processing machinery demand in the region. Indian passenger &
commercial vehicle market is witnessing significant growth, owing to rising industrialization,
thus boosting product demand.
Global plastic processing
machinery market share is highly competitive and significantly fragmented
including key vendors such as Husky Injection Molding Systems, ARBURG, Milacron,
Sumitomo Heavy Industries, Ltd., and Haitian International Holdings Ltd. Market
participants are establishing new plants and enhancing production capacity of
existing ones to deal with increasing growth opportunities in the food
packaging segment.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
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