At a CAGR of 5.9% from 2023 to 2033, the worldwide plastic granulators market is anticipated to reach US$ 1.14 billion in 2023. The market is anticipated to reach US$ 2.03 billion in 2033. Owing to rising demand for plastic granules across a variety of end-use industries, the plastic granulators industry has expanded.
One of the key drivers of the market growth for plastic granulators is the rising adoption of plastic recycling practises. As more businesses and governments put their attention on reducing plastic waste and promoting sustainability, it is anticipated that demand for plastic granulators will rise. Due to the growing demand for plastic products in sectors like packaging, construction, automotive, and electronics, plastic granulators are expected to be in high demand. Plastic granules are used to create a wide range of plastic items, and as demand for these products rises, so does the need for plastic granulators.
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Key pioneers
- Yenchen Machinery
- Adler S.r.l.
- Shini
- Zerma
- Summit Systems
- Comet Plastic Equipment
- Nordson Corp
- Coperion
- Gala Kunststoff- und Kautschukmaschinen
- Herbold Meckesheim
- Matsui Mfg
- Rapid Granulator
- Reduction Engineering Scheer
Key findings of the plastic granulators study:
- Innovative manufacturing processes implemented by plastic granulators vendors in detail.
- Region-wise and country-wise fragmentation of the plastic granulators to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global plastic granulators.
- Regional breakdown of the plastic granulators based on predefined taxonomy.
- North America is anticipated to dominate the market between 2023 and 2033.
- The market with the speedy predicted growth may be in Asia Pacific region.
- During the predicted period, moderate growth is anticipated in Latin America.
Competitive Strategies
In collaboration with the Scudieri Family, FSI purchases 28% of Adler Group. Adler Plastic, a company owned by the Scudieri family, and the FSI Mid-Market Growth Equity Fund have signed a definitive agreement for a partnership aimed at enhancing Adler Group’s global leadership.
In Hanoi, Vietnam, Shini has started a new factory. On October 4th, 2022, Shini held a groundbreaking ceremony for a new facility in Hanoi. Vietnam’s economy has continued to grow significantly over the past few years and has become a vital player in the development of the global economy. Since 2018, Shini has made the decision to establish its first branch office and warehouse, CONG TY TNHH VSP VIET NAM, in order to better serve consumers in the local market.
Key Segments
- By Type:
- Double Angle Cut
- Chevron Cut
- Helical Cut
- By Application:
- Automotive
- Medical Industry
- Food & Beverage Industry
- Consumer Goods Industry
- Electronics & Telecom Industry
- Packaging
- Others
- By Region
Regional Analysis For Plastic Granulators Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
Key Questions Covered in the Plastic Granulators Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Plastic Granulators sales grow until 2033?
- Which are the factors hampering the Plastic Granulators demand?
- Which region will spearhead the growth in the global industry by 2033?
- Which are the factors driving sales in the Plastic Granulators Market during the forecast period?
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