Apr 29 2014
Reportbuyer.com has added a new market research report: World Plastic Processing Machinery Market
http://www.reportbuyer.com/industry_manufacturing/machinery/world_plastic_processing_machinery_market.html
World demand to grow 7% annually through 2017
Global plastics processing machinery demand is expected to advance 7.0 percent annually through 2017 to $37.6 billion. A healthier sales climate, resulting from accelerations in fixed investment spending and plastic resin consumption growth, will spur market gains through 2017. Equipment utilized in the production of plastic packaged goods will expand at the fastest pace through 2017 and climb the most in absolute terms.
Increases will be spurred by pickups in packaging demand and food and beverage manufacturing activity as living standards continue to rise in developing countries, stimulating greater consumption of packaged goods, particularly foods and beverages. Additionally, generally improved economic conditions in industrialized nations will lead to even higher packaging demand levels there. As a result, packaging will remain the largest single market for plastics processing machinery, followed in size by consumer/ institutional products, construction, and other miscellaneous markets.
3D printers, extrusion machinery to grow fastest
Injection molding equipment will continue to be the most popular product type, accounting for close to two-fifths of 2017 new machinery sales due to its versatility across a wide range of applications.
However, demand for 3D plastics printers is expected to grow the fastest of any plastics processing equipment type from a relatively small current market base. 3D printers offer more flexibility in product design than traditional machines and will provide functional competition to injection molding equipment for custom-made parts, as well as in other low output and prototyping applications.
In addition, advances in 3D printer technology and falling product prices will broaden the market for plastics processing machinery to include utilization by individual consumers, further bolstering demand. Extrusion machinery sales will climb at the next fastest rate, fueled by an increase in world construction activity.
Demand to post strongest gains in emerging markets
Developing markets will provide the best growth opportunities for suppliers of plastics processing equipment through 2017. Central and South American sales will climb the most rapidly, led by the large and fast-rising Brazilian market, followed by the Africa/Mideast region, led by Turkey. China is currently by far the largest national equipment market, accounting for 29 percent of all 2012 sales, and it will continue to dominate global demand in 2017. India will be the fastest-growing national market, however, expanding over 12 percent per year. Rising personal incomes in these developing countries, leading to greater demand for plastic products, will be the primary driver of sales advances.
The Asia/Pacific region will record the strongest plastics processing machinery shipment gains through 2017, led by China, which will account for 59 percent of total regional output. Not only will locally headquartered suppliers step up production, but many foreign multinationals will construct new or expand existing plants in Asia to reduce manufacturing and shipping costs and be closer to fast-growing customer bases there. Asia/Pacific industry output will also rise the most in dollar terms, as regional production expands from its already sizable base to account for half of worldwide equipment output in 2017.
Study coverage
Details on these and other findings are contained in the upcoming Freedonia industry study, World Plastics Processing Machinery, priced at $6100. It presents historical demand data for 2002, 2007 and 2012, plus forecasts for 2017 and 2022 by product, resin, process, market, world region and for 31 countries. The study also considers market environment factors, evaluates company market share and profiles industry players worldwide.
Source: http://www.reportbuyer.com