Plastic Extrusion Machine Market to Reach $8.24 Bn, Globally, by 2025 at 3.8% CAGR: AMR

Growing investment of plastic extrusion machines in the industrial sector, high speed and bulk production offered by plastic extrusion machines, and high demand for extruded plastic products propel the growth of the global plastic extrusion machine market

PORTLAND, Oregon, May 6, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, Plastic Extrusion Machine Market by Machine Type (Single Screw and Twin Screw), Process Type (Blown Film Extrusion, Sheet/Film Extrusion, Tubing Extrusion, and Others), and Solution (New Sales and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2018–2025. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global plastic extrusion machine market generated $6.05 billion in 2017, and is expected to reach $8.24 billion by 2025, growing at a CAGR of 3.8% from 2018 to 2025.

Factors such as the rapid growth in investment of plastic extrusion machines in the industrial sector, high speed and bulk production advantage of plastic extrusion machines, and high demand for extruded plastics products in the packaging, construction, and healthcare sectors drive the market growth. However, high initial cost of equipment is one of the major challenges faced by the plastic extrusion machine industry. Conversely, technological improvements create new opportunities for growth of the market.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5256

Blown film extrusion segment to lead in terms of revenue through 2025

Among process types, the blown film extrusion segment was the largest in 2017, capturing nearly two-fifths of the market share and would maintain its dominance through 2025. This is because industries such as automotive, consumer goods, and others opt for blown film plastic extrusion machinery to produce blown plastic films for their packaging applications. However, the tubing extrusion segment would grow at the fastest CAGR of 4.6% through 2025, owing to increasing application of these machines in industries such as food & beverage industry, medical industry, construction industry, and others.

Twin screw extrusion machine segment to be lucrative through 2025

Among machine types, the twin screw extrusion machine segment accounted for 57.7% of the market share in 2017 and would retain its dominance through 2025. The same segment would also witness the fastest CAGR of 4.1% during the forecast period. This is due to the various benefits offered by twin screw extrusion machines over its single-screw counterpart, which includes high productivity, advanced mixing ability, and ability to handle several processing functions such as mixing, melting, and venting in one extruder.

Asia Pacific to be lucrative through 2025

Among regions, the market in Asia-Pacific grabbed more than two-fifths of the market share and is likely to dominate the market through 2025. It would also achieve the fastest CAGR of 4.7% through the forecast period. There is a high demand for plastic extrusion machine in the region due to the presence of many small to mid-level manufacturing sectors such as consumer goods, packaging, automotive, and others requiring high quality and continuous profile extruded plastic products in economies such as China and India.

Inquire more about this report: https://www.alliedmarketresearch.com/purchase-enquiry/5256

Key players of the industry

Leading market players analyzed in the research include Bausano & Figli SpA, Costruzioni Meccaniche Luigi Bandera SpA, Kabra ExtrusionTechnik Ltd., KraussMaffei Group, Milacron Holdings Corp., Reifenhäuser GmbH & Co. KG Maschinenfabrik, The Japan Steel Works, Toshiba Machine Co., Ltd., UNION Officine Meccaniche SpA, and Windsor Machines Limited. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Plastics Processing Machinery Market Outlook - 2025

Hydraulic Press Machines Market Expected to Reach $21,089.2 Million by 2025

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg