(MENAFN- Ameliorate Digital Consultancy)
The global plastic granulators market is expected to reach US$ 1.14 billion in 2023 at a CAGR of 5.9% from 2023 to 2033. By 2033, the plastic granulators industry is expected to be worth US$ 2.03 billion . The plastic granulators business has grown in response to increased plastic granules demand in a range of end-use sectors.
The increasing adoption of plastic recycling practices is one of the primary factors in plastic granulators' market growth. Demand for plastic granulators is predicted to expand as many companies and governments focus on minimizing plastic waste and promoting sustainability.
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Key Takeaways of Plastic Granulators Market
Growing demand for plastic recycling: With increasing environmental concerns and the need for sustainable practices, the demand for plastic recycling has been on the rise. Plastic granulators play a vital role in the recycling process by converting plastic waste into granules or pellets that can be used as raw materials for manufacturing new plastic products. The market for plastic granulators is driven by the expanding plastic recycling industry. Efficient size reduction and material processing: Plastic granulators are designed to efficiently reduce the size of plastic waste materials and process them into uniform granules. These machines utilize various cutting technologies, such as knives or blades, to shred, grind, and homogenize the plastic waste. They can handle a wide range of plastic materials, including PET, HDPE, PVC, and more. Versatile applications: Plastic granulators find applications in diverse industries beyond plastic recycling. They are used in the production of plastic products, such as films, sheets, pipes, profiles, and injection-molded components. Granulated plastic materials can be easily melted, molded, and extruded to create a wide variety of plastic products, making plastic granulators a crucial component in the plastics manufacturing sector. Technological advancements: The plastic granulators market has witnessed significant technological advancements in recent years. Manufacturers are incorporating advanced features such as automated controls, improved cutting mechanisms, and enhanced safety systems. These advancements result in higher efficiency, improved productivity, and better quality granules. Additionally, advanced granulator models are equipped with energy-efficient motors and noise reduction technologies.
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Latest Market Strategies
FSI buys 28% of Adler Group in Cooperation with the Scudieri Family.
The Scudieri family's Adler Plastic and the FSI Mid-Market Growth Equity Fund have entered into a legally binding agreement for a collaboration targeted at strengthening Adler Group's global leadership.
Shini has Opened a New Factory in Hanoi, Vietnam.
Shini staged a groundbreaking ceremony for a new plant in Hanoi on October 4th, 2022. In recent years, we have seen Vietnam's economy continues significant growth and expands into an important factor in global economic development. Shini has decided to open its first branch office and warehouse, CONG TY TNHH VSP VIET NAM, to better service customers in the regional market since 2018.
Key Companies Profiled:
Yenchen Machinery Adler S.r.l. Shini Zerma Summit Systems Comet Plastic Equipment Nordson Corp Coperion Gala Kunststoff- und Kautschukmaschinen Herbold Meckesheim Matsui Mfg
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By Type :
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Automotive Medical Industry Food & Beverage Industry Consumer Goods Industry Electronics & Telecom Industry Packaging Others
Key Questions Covered in the Plastic Granulators Market Report
What is the projected value of the Plastic Granulators factors Industry in 2023? At what rate will the global Plastic Granulators factors market size grow until 2033? Which are the factors hampering the growth of Plastic Granulators factors? Which region is expected to lead in the global Plastic Granulators factors market By 2033? Which are the factors driving the Plastic Granulators factors Industry during the forecast period? What is the expected market value of the Plastic Granulators factors market during the forecast period?
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)
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