London, 26 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global plastic processing machinery market 2015-2019, which is expected to grow at a CAGR of 7.28% during the period 2014-2019.
The growing demand for plastic packaging from the pharmaceutical and consumer goods industry drives market growth of the global plastic processing machinery market. Packaging is used to market products and to attract potential customers. In addition, packaging is also an important part of the FMCG sector, which in turn is also experiencing rapid growth in the APAC region.
“Advances in technology in industrial plastic processing machinery are one of the emerging trends in this market. Manufacturers are developing plastic processing machines with many advanced features using the latest technologies,” says Faisal Ghaus, Vice President of Technavio.
“Various end-user industries have increased their use of technologically advanced plastic processing machines, attracted by low-operating costs and time-saving features.”
Key Market Drivers:
- Growth of Packaging Industry.
- Increased Demand from Electronics Industry.
- Growing Importance of Packaging in Marketing Mix.
- Increased Spending on Construction.
Key Market Trends:
- Increased Demand for Used Plastic Processing Machinery.
- Development of Advanced Plastic Processing Machinery.
- Increased Demand for 3D Plastic Printers.
Key Market Vendors:
- Arburg GmbH & Company KG.
- Fanuc Corp.
- Japan Steel Works (JSW).
- Milacron LLC.
- Sumitomo Heavy Industries.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
