Key vendors to face increased demand from the e-commerce sector
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors in the global plastic processing machinery market in their latest research report. This report also lists 29 other prominent vendors who are expected to contribute to this market’s growth between 2017 and 2021.f
Competitive vendor landscape
The global market for plastic processing machinery is highly competitive in nature. The market is dominated by international players as the market scenario is relatively more capital intensive for smaller, regional players. During the forecast period, there is an anticipated upsurge in demand from the packaging and consumer electronic sectors, which will propel the growth of the global plastic processing machinery market.
According to Anju Ajaykumar, a lead analyst at Technavio for research on unit operations, “The ongoing proliferation of e-commerce and its impact on supply chain operations have reduced the speed and cycle time for order fulfillment and delivery, which has led to increased demand for high-efficiency packaging materials. The exponential rise in the use of packaging materials is leading to an increase in the demand for plastic processing machinery.”
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Top five vendors in the plastic processing machinery market space
ARBURG
ARBURG is a leading manufacturer of IMMs for plastics processing. It offers hydraulic, electric, hybrid, and vertical IMMs and accessories and peripherals. The company also provides robotic systems, including linear robotic systems, six-axis robots, and pickers. In addition, ARBURG offers spare parts and services, such as consulting, training, support, customer center, and tips and tricks. It serves the medical technology and optical, packaging, automotive, electronics, and technical injection molding industries.
Key products: Hydraulic machines, Hybrid machines, Electric machines, and Vertical machines.
Husky Injection Molding Systems
Husky Injection Molding Systems is a leading IMM manufacturer that caters to the plastics industry. The company is a pioneer in the manufacture of the most comprehensive range of injection molding equipment consisting of machines, auxiliaries, molds, hot runners, and integrated systems. The company also offers value-added services that include factory planning, development, system integration, customer training, and complete asset management.
Key products: HyPET, H-PET AE, Husky molds, KTW molds, and Schöttli medical molds.
Sumitomo Heavy Industries
Sumitomo Heavy Industries’ business operations range from the manufacture of equipment and infrastructure to R&D promoting various technological advancements. The company’s R&D department has concentrated its focus on fine mechatronics and systems technologies to gain a competitive advantage in the market.
Key products: IMMs and Transfer molding press machines.
JSW
JSW engages in the production, engineering, assembly, sale, and installation of steel and machinery products. It caters to various sectors in the energy industry, including oil refining, wind power generation, electrical power generation, and natural gas.
Key products: BMM, Compounding Extruders, Spinning Extruder, and IMMs.
Milacron
Milacron is a provider of services, technologies, and plastic processing equipment. The company offers its products and services through five businesses, namely Milacron Plastics Machinery, DME Mould Technologies, Mould-Masters Hot Runner and Process Control, Milacron Aftermarket, and Cimcool Fluid Technology. Milacron Plastics Machinery supplies three primary machinery applications, namely injection molding, blow molding, and extrusion.
Key products: IMMs, Extrusion machines, Blow molding, and Co-injection molding.
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A more detailed analysis is available in the Technavio report, Global Plastic Processing Machinery Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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