5/8/2023 0 Comments Plastic processing equipmentVarious ready-to-eat foods and beverages are packed in attractive plastic containers for longer shelf-life and convenient storage. Widespread utilization of plastic for the manufacturing of food and beverage packaging solutions is acting as another growth-inducing factor. These machines are capable of manufacturing personalized products on a large scale with enhanced flexibility and precision. Furthermore, technological advancements, such as 3D printing and automated plastic processing machines, are providing a boost to the market growth. The increasing production of consumer goods and electronics, along with rapid industrialization across the globe, is one of the key factors driving the growth of the market. They are also used for the production of high-strength, low-weight, fuel-efficient and durable plastic components across various industries, including construction, automotive, packaging, electronics & electrical and agriculture. They are used for producing simple to intricate designs while giving a desired shape and size to the plastic by using a rigid mold or frame. Some of the commonly used plastic processing machines include plastic injection, extrusion, blow molding, vacuum forming and rotational molding. Plastic processing machinery refers to the equipment used for converting various types of plastics into semi-finished plastic products. These insights are included in the report as a major market contributor. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. Looking forward, IMARC Group expects the market to reach US$ 44.3 Billion by 2027, exhibiting a CAGR of 4.85% during 2022-2027. The global plastic processing machinery market reached a value of US$ 33.4 Billion in 2021.
0 Comments
Leave a Reply. |