The rising demand for plastic products is one of the key drivers for the global extrusion machinery market. Extrusion is a manufacturing process where raw plastic material is forced through a mold to create specific shapes, ranging from films and sheets to pipes and profiles. As plastic products continue to dominate various industries—such as packaging, automotive, construction, and consumer goods—the need for advanced extrusion machinery has significantly increased. One of the primary reasons for this surge in demand is the growing consumption of plastic in packaging applications. Plastic packaging, including bottles, films, and containers, is widely used for its versatility, cost-effectiveness, and durability. With the increase in global consumer goods production and retail, packaging requirements have risen, driving demand for extrusion machinery capable of producing large volumes of plastic products efficiently.
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Data Bridge Market Research analyzes that the Global Extrusion Machinery Market is expected to reach 15.56 billion by 2031 from USD 11.26 billion in 2023, growing with a substantial CAGR of 4.2% in the forecast period of 2024 to 2031.
Key Findings of the Study
- Technological Advancements in Extrusion machinery
Technology advancements in extrusion machinery are a significant driver for the global extrusion machinery market. As industries demand more efficient, precise, and versatile solutions for plastic processing, innovations in extrusion technology are responding to these needs, accelerating market growth. One of the major advancements is the development of co-extrusion and multi-layer extrusion systems, which allow manufacturers to produce complex products with multiple layers of different materials. This technology enables the creation of high-performance plastic products with varied properties, such as improved barrier properties in packaging films, which are crucial for food preservation. Multi-layer extrusion systems not only increase the functionality of plastic products but also offer manufacturers greater flexibility in product design and customization.
Another key technological innovation is the advancement of smart extrusion systems. These machines integrate digital technologies, such as real-time monitoring, predictive maintenance, and automated control systems, which improve efficiency, reduce downtime, and optimize production quality. By using sensors and data analytics, these systems can detect process anomalies, automatically adjust settings, and reduce the need for manual intervention, enhancing productivity and minimizing human error.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Type (Direct Extrusion, Indirect Extrusion, and Hydrostatic Extrusion), Product Type (Single-Screw Extruders, Twin-Screw Extruders, and Others), Process Output (Plastic, Metal, Rubber, and Others), End Use (Construction, Consumer Goods, Automotive, Food & Beverage, Health Care, Aerospace & Defense, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, Philippines, Australia, Singapore, Rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Davis Standard (U.S.), Coperion GmbH (Germany), KraussMaffei (Germany), Reifenhauser (Germany), Nordson Corporation NFM/Welding Engineers, Inc. (U.S.), Leistritz Extrusionstechnik GmbH (Germany), Kabra ExtrusionTechnik Ltd. (Mumbai), Gneuss Kunststofftechnik GmbH (Germany), TECNOMATIC SRL (Italy), and Milacron, LLC (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The global extrusion machinery market is segmented into four notable segments based on type, product type, process output, and end-use.
- On the basis of type, the market is segmented into direct extrusion, indirect extrusion, and hydrostatic extrusion
In 2024, the direct extrusion segment is expected to dominate the market with 54.98% market share
In 2024, the direct extrusion segment is expected to dominate the market with 54.98% market share due to its cost-effectiveness, improved material utilization, and ability to produce complex shapes efficiently.
- On the basis of product type segment, the market is segmented into single-screw extruders, twin-screw extruders, and others
In 2024, the single-screw extruders segment is expected to dominate the market with a 58.74% market share
In 2024, the single-screw extruders segment is expected to dominate the market with a 58.74% market share due to their simplicity, lower cost, ease of operation, and suitability for a wide range of materials.
- On the basis of process output segment, the market is segmented into plastic, metal, rubber, and others. In 2024, the plastic segment is expected to dominate the market with a 61.26% market share
- On the basis of end use segment, the market is segmented into construction, consumer goods, automotive, food & beverage, health care, aerospace & defense, and others. In 2024, the construction segment is expected to dominate the market with a 33.39% market share
Major Players
Data Bridge Market Research analyzes Davis Standard (U.S.), Coperion GmbH (Germany), KraussMaffei (Germany), Reifenhauser (Germany), and Nordson Corporation (U..S.) as the major players in the global extrusion machinery market.
Market Developments
- In January, 2024 Davis Standard successfully acquired Extrusion Technology Group (ETG), expanding its capabilities in advanced extrusion systems. This acquisition strengthens Davis-Standard’s product portfolio and enhances its position in key markets such as packaging, automotive, and medical. The merger will drive innovation, improve customer service, and provide greater technological expertise, enabling Davis-Standard to deliver more comprehensive and efficient solutions to its global customer base
- In August, 2024 Nordson Corporation has completed its acquisition of Atrion Corporation, a leader in medical infusion fluid delivery and cardiovascular solutions. This acquisition broadens Nordson's medical portfolio, tapping into new markets and therapies with strong growth potential
Regional Analysis
Geographically, the regions covered in the global extrusion machinery market report are North America, South America, Asia-Pacific, Europe, and Middle East and Africa. These regions are further segmented by countries into U.S., Canada, Mexico, Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, Philippines, Australia, Singapore, Rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, and Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global extrusion machinery market
The Asia-Pacific region is expected to dominate the global extrusion machinery market due to rapid industrialization, growing manufacturing sectors, increasing demand for plastic products, and rising investments in automation technologies.
Asia-Pacific is estimated to be the fastest-growing region in the global extrusion machinery market
The Asia-Pacific region is expected to grow due to expanding manufacturing industries, increasing demand for plastic products, strong economic growth, advancements in automation, and rising investments in sustainable extrusion technologies.
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