- The key vendors in the Global Industrial Plastic Processing Machinery Market 2014-2018 are Arburg GmbH & Company KG, Battenfeld-cincinnati GmbH, Chen Hsong Holdings Ltd., Fanuc Corp., Milacron LLC and Salzgitter AG.
London, 09 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Industrial Plastic Processing Machinery Market 2014-2018. The increased demand for used plastic processing machinery in emerging countries, because of an increased demand for plastic products and low-investment potential, is one of the major trends in this market. The Global Industrial Plastic Processing Machinery Market is expected to grow at a CAGR of 7.4 percent during the forecast period of 2013-2018.
Plastic processing machinery includes machines used for conversion of plastics from their raw form to finished goods. They are used to create required end products from bulk polymeric material. They are used in various applications such as packaging, consumer goods, and construction.
“The Plastic market in India has witnessed tremendous growth in the last few years, making India the third largest consumer of plastics, trailing only to the US and China,” says Faisal Ghaus, Vice President of TechNavio Research.
“This trend is expected to significantly favor the Global Industrial Plastic Processing Machinery market in the next few years.”
To define the market conditions 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.
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