The global Extruders Market is predicted to grow at a CAGR of 6.2% from 2024 to 2029 and the market size is expected to be valued at USD 15.25 billion by 2029 from USD 11.29 billion in 2024.
While, on the one hand, this increase in consumption is due to the ability of packaged food products to stay fresher for longer, the other key motivator is that packaged food is comparatively safer in terms of hygiene. This is because they are generally treated to kill bacteria and viruses. With COVID-19 increasing consumer health awareness about food processing, packaged food is expected to increase dramatically. This, in turn, will boost sales of extruders and mixers, especially among small and medium industries. The profile extrusion process is preferred for making plastic products with linear or transverse profiles, such as pipes, hoses, and fenestration products. Emerging economies, such as the Asia-Pacific region, have seen an exponential increase in manufacturing industries, which has made plastic components even more demanding in various industries. Growing demand from packaging industries due to developments in consumer products and the food and beverage industry is expected to drive demand for twin screw extruders on schedule.
This stimulates the demand for the extruders market. The growing need for the product in the packaging industry, along with its large-scale use in the beverage and rubber industry, has strongly influenced the growth of the extruder market. With this in mind, the growing demand for extruded products from construction, as well as from the construction industry, also acts as a key determinant supporting the growth of the extruder market during the forecast period 2021 to 2028. In addition, the rapid growth of the automobile and vehicle production industry, the increasing demand from the packaging industries coupled with the growing preference for extruded products are also having a positive impact on the growth of the extruder market. The main factor responsible for the growth of the market is the expansion of the middle-class population, the boom in the global economy, and the expansion of consumer spending around the world, which has resulted in high demand for goods of consumption.
High production cost along with low efficiency and reliability may be a key constraint to the growth rate of the extruder market during the forecast period 2021- 2027, while the availability of alternative products has the potential to challenge the growth of the extruder market during the forecast period mentioned above. The high initial cost of tools and machinery required for plastic extrusion machinery is expected to slow the growth of the plastic extrusion machinery market. For example, the price of a large, complex molding machine is around $ 80,000 or more.
The growth of the market is directly related to its applications in various end-use industries. In the category of end-use industry, the plastics segment is expected to present lucrative opportunities for the growth of the global market. On the contrary, technological advancements such as artificial intelligence-based plastic extrusion machines and software-assisted plastic extrusion machines are expected to provide lucrative opportunities for the growth of the plastic extrusion machine market. Besides contributing to the growth of the plastics industry, the food sector has presented potential opportunities for the growth of the global market.
High production costs along with low efficiency and reliability may be a major challenge for the growth rate of the extruder market during the forecast period 2021- 2027, while the availability of alternative products has the potential to challenge. the extruder market.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
6.2% |
Segments Covered |
By Machine Type, Process Type, Solution, Application, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Market Leaders Profiled |
Milacron Holdings Corp. (US), Toshiba Machine Co., Ltd. (Japan), The Japan Steel Works, Ltd. (Japan), Coperion GmbH (Germany), Battenfeld-Cincinnati (Germany), Davis-Standard, LLC (US), LEISTRITZ AG (Germany), Clextral (France), KraussMaffei (Germany), PRESEZZI EXTRUSION S.p.A. (Italy), NFM (US) |
The single-screw extruder segment accounts for the largest share of the extruder market in terms of value, due to the high performance offered by single-screw extruders and low maintenance costs.
The market is divided into blown film extrusion, sheet/film extrusion, pipe extrusion, and others. In terms of revenue, it is estimated that the blown film extrusion segment will hold a significant global plastic extrusion machinery market share throughout the study period.
The market is divided into new sales and after-market. The new sales segment is expected to dominate the global plastic extrusion machinery market during the study period.
The building and construction segment is expected to dominate the global plastic extrusion machinery market.
Population growth and rapid urbanization, along with the rising disposable income of consumers in emerging economies such as China and India, are contributing to the growth of the market. Asia-Pacific extruder market. In addition, the easy availability of raw materials for manufacturing plastic and metal products is also driving the growth of the extruder market in Asia-Pacific.
The demand for co-rotating twin screw extruders is high in terms of volume. The German region is expected to dominate European industry due to the availability of manufacturing centers. The Middle East and Africa will experience slower growth in the years to come.
Milacron Holdings Corp. (US), Toshiba Machine Co., Ltd. (Japan), The Japan Steel Works, Ltd. (Japan), Coperion GmbH (Germany), Battenfeld-Cincinnati (Germany), Davis-Standard, LLC (US), LEISTRITZ AG (Germany), Clextral (France), KraussMaffei (Germany), PRESEZZI EXTRUSION S.p.A. (Italy), NFM (US) are some of the notable companies in the global Extruders market.
By Machine Type
By Process Type
By Solution
By Application
By Region
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