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Plastic Processing Machinery Market Share

ID: MRFR//8911-CR | 110 Pages | Author: Snehal Singh| November 2022

Introduction: Navigating the Competitive Landscape of Plastic Processing Machinery

The market for plastics processing machinery is in the midst of a revolution, a revolution which is due to the rapid development of new technology, to the ever-increasing demands of the authorities, and to the growing expectations of consumers in terms of the environment. The major players, including machinery manufacturers, IT system integrators, and small, new AI companies, are fighting for the leadership of this market with the help of the latest digital tools such as big data, artificial intelligence, automation, and IoT. The machinery manufacturers are focused on reducing operating costs and reducing waste, while the IT system integrators are focused on providing a smooth connection and optimising production processes. Small, new companies are focusing on green solutions that meet the world's sustainable development goals. The major players are also taking advantage of the growth opportunities that are emerging in the local markets, especially in the Asia-Pacific region and Europe. This means that the strategic orientation of the major players is shifting towards local production and flexible supply chains. The companies that can successfully exploit these digitally driven competitive advantages will be able to seize market share and drive growth in this highly dynamic environment.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions encompassing various stages of plastic processing machinery.

VendorCompetitive EdgeSolution FocusRegional Focus
Milacron Diverse product portfolio and services Injection molding and extrusion North America, Europe
Husky Injection Molding Systems Ltd High-performance injection systems Injection molding systems Global
ENGEL AUSTRIA GmbH Innovative automation solutions Injection molding technology Europe, Asia

Specialized Technology Vendors

These vendors focus on niche technologies and specialized machinery for specific applications.

VendorCompetitive EdgeSolution FocusRegional Focus
Brown Machine Group Custom solutions for thermoforming Thermoforming machinery North America
ARBURG GmbH High precision and flexibility Injection molding machines Global
Cannon S.P.A. Expertise in polyurethane processing Polyurethane machinery Europe, Asia

Infrastructure & Equipment Providers

These vendors supply essential equipment and infrastructure for plastic processing.

VendorCompetitive EdgeSolution FocusRegional Focus
Haitian International Holdings Limited Cost-effective solutions with high efficiency Injection molding machines Asia, Europe
Lyle Industries Specialized in custom machinery solutions Plastic processing equipment North America
Cosmos Machinery Enterprises Limited Wide range of machinery offerings Plastic processing machinery Asia, Europe
Sumitomo Heavy Industries Advanced technology in injection molding Injection molding machines Asia, North America

Emerging Players & Regional Champions

  • Krauss Maffei, Germany: specializes in injection molding machines and automation. It has recently won a contract from a major car manufacturer for a new production line. It is competing with the established suppliers by offering advanced Industry 4.0 capabilities.
  • Haitian International (China): Known for its high-performance injection molding machines, recently expanded its operations in Southeast Asia, complementing established vendors by providing cost-effective solutions tailored for local markets.
  • Battenfeld-Cincinnati (Austria): Focuses on extrusion technology and has recently implemented a new recycling line for a European client, positioning itself as a sustainable alternative to traditional machinery suppliers.
  • Milacron (USA): Offers a diverse range of plastic processing equipment and has recently entered into a partnership with a tech startup to integrate IoT solutions, challenging traditional players by enhancing machine connectivity and data analytics.

Regional Trends: The plastics industry will be characterized by a significant trend towards energy conservation and the use of eco-friendly materials. In Asia, the rapid growth of the market is based on the rising demand for production. In Europe, the trend is towards greater automation and the development of smart factories.

Collaborations & M&A Movements

  • KraussMaffei and Siemens entered into a partnership to integrate IoT solutions into plastic processing machinery, aiming to enhance operational efficiency and reduce downtime in manufacturing processes.
  • Milacron Holdings Corp. acquired the assets of a leading 3D printing technology firm to expand its product offerings and strengthen its position in the additive manufacturing segment of the plastic processing market.
  • Battenfeld-Cincinnati and BASF collaborated to develop sustainable plastic processing solutions, focusing on bio-based materials to meet increasing regulatory demands for eco-friendly production.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Automation and Control Systems KraussMaffei, Engel KraussMaffei has implemented high-precision automation solutions that increase the quality of production, as shown by the case study of a leading supplier of the automobile industry. The IoT-based automation of Engel machines provides real-time monitoring and control of the machines, which increases efficiency.
Sustainability Practices Battenfeld-Cincinnati, Husky Injection Molding Systems Taking the example of Battenfeld-Cincinnati, which has developed machines which make use of the materials of the past, we can see how a sense of responsibility for the environment has influenced its development. And the energy-saving systems Husky has introduced have been recognized by industry awards.
Material Versatility Arburg, Milacron Allrounder series from Arburg offers a wide range of materials including bioplastics, which has been a great advantage for our customers in the packaging industry. The multi-material approach of Milacron has enabled the development of new products and features, as can be seen from our collaboration with a leading manufacturer of household goods.
Advanced Process Technologies Sumitomo (SHI) Demag, SABIC Sumitomo's hybrid injection molding technology has set new standards for speed and efficiency in the field of electronics. Sabic's polymer processing technology has produced high-performance materials as used in the automobile industry.
Customer Support and Service Fanuc, KUKA Fanuc's extensive service network is an important factor in reducing downtime. The training of the end-users has been praised as having increased the efficiency of the operators and thus the operational performance of the machines.

Conclusion: Navigating the Plastic Processing Landscape

The plastics industry is a market that is becoming increasingly fragmented, with both established and new companies competing for market share. Moreover, the trend towards automation and the drive towards sustainability are reshaping the strategies of the companies that supply the industry. The established players are relying on their reputations and their distribution networks to maintain their positions, while the newcomers are relying on their innovation and their flexible manufacturing solutions to differentiate themselves. As the market evolves, the ability to combine automation and sustainability with the products on offer will be the key to success. Moreover, suppliers will have to prioritise these capabilities in order to meet the changing needs of the market and to strategically position themselves in a rapidly changing environment.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 4.48% (2023-2032)
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