Approaching 36 billion dollars in 2019

The global market for plastics processing machinery has expected to advance 4.0 percent per year through 2019 to 35.8 billion dollars. Demand in many parts of the world will return to a more moderate pace of growth after a strong recovery from 2009 recessionary lows, although pent-up demand from the recession will continue to drive investments in machinery in the near term.  Healthy increases in fixed investment spending and plastics demand will benefit machinery suppliers, as will rising plastic utilisation in a number of end use industries, most particularly motor vehicles and construction. These and other trends are presented in “World Plastics Processing Machinery”, a new study from The Freedonia Group, a Cleveland-based industry research firm.

3D printers, which represented an exotic niche market a decade ago, are the fastest growing equipment type, with sales projected to exceed 2.0 billion dollars in 2019. According to analyst Zoe Biller: “This trend is projected to continue, and plastics processing machinery sales will expand into new markets, such as dental, educational, and medical applications”. Injection moulding equipment, however, will remain the most widely used variety of plastics processing machinery in the near term, due to its versatility and the generally high quality plastic items it produces. As a result, injection moulding will account for fully two-fifths of global plastics processing machinery demand in 2019.