Market Share of Plastic Processing Machinery Industry
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
Husky Injection Molding Systems Ltd.
Milacron LLC
Engel Austria Gmbh
Haitian International Holdings Limited
Brown Machine Group
*Disclaimer: Major Players sorted in no particular order
