Global plastics processing machinery demand to exceed $37 billion

Global plastics processing machinery demand is expected to advance 6.9% annually through 2017 to $37.1 billion. A healthier sales climate, resulting from accelerations in fixed investment spending and growth in the production of plastic goods, will spur gains. Analyst Zoe Biller states, “Packaging will remain the largest single market for plastics processing machinery, accounting for more than one-third of all 2017 sales, followed in size by consumer/institutional products and construction.”

These and other trends are presented in World Plastics Processing Machinery, a new study from The Freedonia Group, Inc. (freedoniagroup.com), a Cleveland-based industry market research firm.