Plastic Processing Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Plastic Processing Machinery Manufacturers and it is segmented by Type (Injection Moulding Machinery, Blow Moulding Machinery, Extrusion Machinery, Thermoforming Machinery, 3D Plastic Printers), by End-user Industry (Packaging, Consumer Products, Construction, Automotive) and Geography. The market sizes and forecasts are provided in terms of value (in USD million) for all the above segments.

Plastic Processing Machinery Market Size

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Plastic Processing Machinery Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 32.76 Billion
Market Size (2029) USD 40.73 Billion
CAGR (2024 - 2029) 4.45 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Plastic Processing Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Plastic Processing Machinery Market Analysis

The Plastic Processing Machinery Market size is estimated at USD 32.76 billion in 2024, and is expected to reach USD 40.73 billion by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).

The global plastic processing machinery market is expected to grow quickly because people are becoming more aware of the many benefits of plastic processing techniques, such as design flexibility, and because food and beverage and other end-use industries are quickly adopting this type of machinery.

  • Plastic molding processing technology has been widely used in the manufacturing of various products, such as auto parts, connectors, displays, mobile phones, 3C electronic products, plastic optical lenses, biomedical application products, general daily necessities, etc. Plastic molding processing technology is getting better and better every day. This is because more and more people are using products in different ways and have different needs for how they work.
  • Compared to other materials, such as metal, stone, and wood, plastic has the advantages of low cost and strong plasticity. Thus, it is widely used in the economy and daily life. Plastic products and industry occupy an extremely important position in the world. Gains in the market are anticipated to be driven by trends, including the expanding demand for reinforced and biodegradable plastics. The industry is embracing the concept of "Industry 4.0" by fusing digital technology with plastic manufacturing techniques.
  • Due to the sheer growth in demand for plastic products, the industry is seeing significant growth in demand for plastic processing equipment. Plastic injection molding is one of the most common ways to shape plastic out of other methods.With numerous industrial applications, the market demand for the technology is continually expanding and evolving. Plastic injection-molded parts that are made to order are the perfect solution for many industries that need to make a lot of high-quality parts at a low cost.
  • The growing need for upgrades combined with the modernization of plastics processing plants in developing nations is expected to spur the replacement demand for injection molding machinery and other equipment. The growth is also helped by changes in technology, which are lowering the cost of equipment and making it more affordable in price-sensitive markets.
  • During the beginning stages of the COVID-19 epidemic, there was a tremendous demand for blow-molded medical items, such as injection syringes, sanitizer bottles, and cleaning solution bottles. The war between Russia and Ukraine has also changed the packaging ecosystem as a whole.

Plastic Processing Machinery Market Trends

This section covers the major market trends shaping the Plastic Processing Machinery Market according to our research experts:

Increasing Demand for Plastics from the Packaging Industry

Plastic packaging is being used more and more in industries like food and drinks, consumer goods, electronics, and even industry. This is because plastic packaging has many benefits, such as how it reacts with fewer products and helps keep items safe, how the materials used can be made odorless, how it helps protect items from the environment, and how the product can be sealed to prevent leaks.

  • North America is one of the major markets for plastic packaging, as a prominent share of the retail sector is organized and highly regulated, which regulates the safekeeping of items in various segments; owing to this, the demand is significantly higher. For example, the US Census Bureau says that plastic packaging materials and unlaminated films are expected to bring in USD 38 billion in sales in the US in 2024.
  • The lightweight property of plastic is driving the growth of plastic packaging in Europe. Glass is much heavier compared to plastic, which means more trips would be required while transporting. This translates to a more significant environmental impact. Glass is also much heavier for the end consumer, whereas plastic is lightweight and much easier to carry.

As per the International Bottled Water Association (IBWA), the United States will consume 15.6 billion gallons of bottled water in 2021, a 4.5% increase over 2020. Also, a new national online poll done by The Harris Poll on behalf of the IBWA found that more than nine out of ten Americans expect to be able to buy bottled water wherever other drinks are sold.

Plastic Processing Machinery Market - Bottled Water Consumption in the United States, in Billions of Gallons, 2017 to 2021

Asia-Pacific is Expected to Hold the Largest Share

China is an emerging economy in the Asia-Pacific region, and the number of manufacturing activities there is growing at an exponential rate. This is because high-performance plastic components are needed in many end-user industries.

  • Within the types of plastic processing machinery, injection molding machinery is expected to hold a significant share in China. Haitian International Holdings Limited, The Chen Hsong Group, L.K. Technology Holdings Limited, Cosmos Machinery Enterprises Limited, and Fu Chin Shin Machinery Manufacture Co. Ltd., among others, are well-known companies in this market segment.
  • Also, the production data for bottled drinking water is indicative of the fact that the injection molding machinery market in China is poised to grow over the forecast period. Like in China, injection molding machines are likely to have a big share of the market for plastic processing machines in the country.
  • Some of the prominent players operating in this segment of the market include Arburg GmbH, Engel Machinery India Pvt Ltd, Haitian Huayuan Machinery (India) Pvt Ltd, and Husky Injection Molding Systems Pvt Ltd, among others. According to the India Brand Equity Foundation (IBEF), the plastics industry hosts more than 2,000 exporters and comprises more than 30,000 processing units. About 85-90% of these units are small and medium-sized enterprises.
  • The government of Japan plans to reduce its carbon footprint by using EVs, which has resulted in substantial investments toward EV infrastructure development. Japan saw a rise in the number of EV charging stations to keep up with the growing number of EVs. This is because the government started giving subsidies to people who bought EVs.
Plastic Processing Machinery Market - Plastic Processing Machinery Market -Growth Rate by Region

Plastic Processing Machinery Industry Overview

The competitive rivalry in the plastic processing machinery market is high owing to the presence of some key players, such as Brown Machine Group and Haitian International Holdings Limited, amongst others. Through research and development, these companies have gained a competitive advantage by continually innovating their offerings. These players, through innovation and mergers and acquisitions, have been able to gain a strong footprint in the market as well as be able to further develop the technology.

In June 2022, ALPLA Group, Brink, and IPB Printing partnered with ENGEL to introduce K 2022, a quantum leap for the packaging industry. PET thin-walled containers can now be constructed for the first time in a single injection molding production step. The stand of the Austrian injection molding equipment company ENGEL processes recycled PET. This is accomplished using an ENGEL e-speed injection molding machine with a freshly created, incredibly potent injection unit.

Plastic Processing Machinery Market Leaders

  1. Husky Injection Molding Systems Ltd.

  2. Milacron LLC

  3. Engel Austria Gmbh

  4. Haitian International Holdings Limited

  5. Brown Machine Group

*Disclaimer: Major Players sorted in no particular order

Screenshot 2022-12-13 095149.png
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Plastic Processing Machinery Market News

  • June 2022: Austrian injection molding machine manufacturer and system solution provider ENGEL strengthened its market presence in North Africa by establishing its own sales and service subsidiary in Morocco. Three countries-Morocco, Tunisia, and Algeria-offer a lively environment for making injection molds. Morocco, in particular, has been growing steadily and has a lot of potential.
  • May 2022: Husky Technologies, a cutting-edge technology company that enables the delivery of basic necessities to the worldwide community, recently unveiled its ground-breaking HyPET HPP5e Recycled Melt to Preform™ (RTMP) system. This new idea shows how a preform injection molding system can work well with a melt decontamination unit. This allows washed flake to be directly turned into a preform. One system is already in use, and the second is about to be sent out.

Plastic Processing Machinery Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Market Drivers

      1. 4.4.1 Increasing Demand for Plastics from the Packaging Industry

      2. 4.4.2 Increasing Demand for Light Weight Components From the Automotive Sector is Fueling the Demand for Plastic Being Used

    5. 4.5 Market Restraints

      1. 4.5.1 Stricter Government Regulations toward Minimal Usage of Plastics


    1. 5.1 Type

      1. 5.1.1 Injection Molding Machinery

      2. 5.1.2 Blow Molding Machinery

      3. 5.1.3 Extrusion Machinery

      4. 5.1.4 Thermoforming Machinery

      5. 5.1.5 3D Plastic Printers

      6. 5.1.6 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Packaging

      2. 5.2.2 Consumer Products

      3. 5.2.3 Construction

      4. 5.2.4 Automotive

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

      2. 5.3.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Rest of Europe

      3. 5.3.3 Asia Pacific

        1. China

        2. India

        3. Japan

        4. Rest of Asia Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East and Africa


    1. 6.1 Company Profiles

      1. 6.1.1 KraussMaffei Group (ChemChina)

      2. 6.1.2 Brown Machine Group

      3. 6.1.3 Haitian International Holdings Limited

      4. 6.1.4 Engel Austria GmbH

      5. 6.1.5 Kautex Maschinenbau GmbH

      6. 6.1.6 Graham Engineering Corporation

      7. 6.1.7 Gurucharan Industries

      8. 6.1.8 Milacron LLC (Hillenbrand Inc.)

      9. 6.1.9 The Japan Steel Works Ltd

      10. 6.1.10 Sumitomo Heavy Industries

      11. 6.1.11 Arburg GmbH + Co KG

      12. 6.1.12 Husky Injection Molding Systems Ltd

    2. *List Not Exhaustive


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Plastic Processing Machinery Industry Segmentation

Plastic processing machines that aid in the production, processing, and molding of plastic products are part of the solution space. This report segments the market by Type (Injection Moulding Machinery, Blow Moulding Machinery, Extrusion Machinery, Thermoforming Machinery, 3D Plastic Printers), by end-user (Packaging, Consumer Products, Construction, Automotive) and Geography. The market sizes and forecasts are provided in terms of value (in USD million) for all the above segments.

Injection Molding Machinery
Blow Molding Machinery
Extrusion Machinery
Thermoforming Machinery
3D Plastic Printers
Other Types
End-user Industry
Consumer Products
Other End-user Industries
North America
United States
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia Pacific
Latin America
Middle East and Africa
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Plastic Processing Machinery Market Research FAQs

The Plastic Processing Machinery Market size is expected to reach USD 32.76 billion in 2024 and grow at a CAGR of 4.45% to reach USD 40.73 billion by 2029.

In 2024, the Plastic Processing Machinery Market size is expected to reach USD 32.76 billion.

Husky Injection Molding Systems Ltd., Milacron LLC, Engel Austria Gmbh, Haitian International Holdings Limited and Brown Machine Group are the major companies operating in the Plastic Processing Machinery Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Plastic Processing Machinery Market.

In 2023, the Plastic Processing Machinery Market size was estimated at USD 31.36 billion. The report covers the Plastic Processing Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Plastic Processing Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Plastic Processing Machinery Industry Report

Statistics for the 2024 Plastic Processing Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Plastic Processing Machinery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Plastic Processing Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)