Global plastics machinery market on upward curve

EUROPEAN PLASTICS NEWS

Published: January 6, 2014 2:47 pm ET
Updated: January 6, 2014 2:48 pm ET

Related to this story

Topics Machinery

Global demand for plastics processing machinery is expected to increase by 6.9 percent annually to reach $37.1 billion in 2017, according to Cleveland-based research group Freedonia Inc..

In a new study, it attributed this growth to a better sales climate, resulting from acceleration in fixed investment spending and growth in the production of plastic goods. The packaging market will remain the largest for plastics processing machinery, accounting for more than one-third of all 2017 sales. The next largest end-markets are consumer products and construction.

Injection molding equipment will continue to be the most significant type of processing machinery, accounting for nearly two-fifths of new sales in 2017, due to its versatility across a wide range of applications, said Freedonia.

But the group expects demand for 3D plastics printers to grow the fastest of any plastics processing equipment type from a relatively small current market base. Extrusion machinery sales will increase at the next fastest rate, supported by growth in world construction activity.

"China is by far the largest national equipment market, accounting for 29 percent of all 2012 sales, and it will continue to lead global demand in 2017. India will be the fastest-growing country, however, expanding 12 percent per year," said Freedonia.

On a regional basis, it said sales in Central and South America will climb the most rapidly, followed by the Africa/Mideast region.

Machinery producers in the Asia/Pacific region stand to gain from the fastest shipment rates for plastics processing machinery up to 2017, led by China, which will account for 59 percent of total regional output.


Comments

Global plastics machinery market on upward curve

EUROPEAN PLASTICS NEWS

Published: January 6, 2014 2:47 pm ET
Updated: January 6, 2014 2:48 pm ET

Post Your Comments


Back to story


More stories

Image

Auto, medical, packaging all lead to solid sales for compounding extruders

December 18, 2014 6:00 am ET

Compounding extruder sales tend to be cyclical, but machinery makers report another solid year — thanks to automotive, medical, food packaging...    More

Image

Milacron opening Mexico technical center, considers another in Brazil

December 16, 2014 12:58 pm ET

Milacron LLC plans to officially open a new technical center in Querétaro, 140 miles northwest of Mexico City, early in 2015, and the company is...    More

Image

Guangdong machinery maker adds another plant

December 15, 2014 6:00 am ET

TAIPEI, TAIWAN — Extrusion thermoforming equipment specialist Guangdong Designer Machinery Co. Ltd. plans to open a new 70,000-square-meter...    More

Image

Italian auxiliary company Moretto sets up a U.S. facility

December 12, 2014 1:09 pm ET

Italian auxiliary equipment manufacturer Moretto SpA has opened its first U.S. operation, in Columbus, Ohio, to handle sales, service and spare parts.    More

Image

Mexico's auto expansion sparking opportunities for plastics industry

December 10, 2014 1:05 pm ET

With a growing number of automakers opening light vehicle assembly operations in Mexico, opportunities for Tier 2 and 3 suppliers in the country are m...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events