Recovery in downstream industries such as construction and auto parts will support growth in 2022. The market for processing machinery is highly technology driven with molders always on the lookout for augmented features such as productivity, flexibility, energy efficiency, and bottom-line performance to reduce operating costs and produce high quality products. The industry is also embracing the Industry 4.0 concept by employing digital equipment together with plastics production processes.
Trends such as growing demand for biodegradable and reinforced plastics is expected to drive market gains. Rise in consumption of plastics coupled with the increasing availability of financing is expected to catalyze spending on capital equipment, thereby stimulating the growth of the global plastics processing machinery market over the long term. Plastic processing machinery is used in the processing of raw plastics and molding them into desired shape which involves diverse materials ranging from thermoplastics polyethylene and polypropylene to new age elastomers and composites. Global Plastics Processing Machinery Market to Reach US$24.9 Billion by the Year 2026 Access to our digital archives and MarketGlass Research Platform Online interactive peer-to-peer collaborative bespoke updates New York, (GLOBE NEWSWIRE) - announces the release of the report "Global Plastics Processing Machinery Industry".
0 kommentar(er)
