Overall economic situation is getting better The plastic molding and processing equipment market is in high demand

China remains by far the world's largest market for machinery and equipment, accounting for 29% of the global market in 2012, and will continue to lead the global market. India will be the fastest growing country in the world, accounting for 12% of the global market share in 2013. According to the global regional markets, the fastest growth will be in the central and southern US markets, followed by Africa and the Middle East. Machinery manufacturers in the Asia Pacific region are expected to gain the advantage of fast delivery by 2017, driven by developments in the global transport industry.

With the rapid growth of the plastics industry, the market demand for plastic forming and processing equipment has increased significantly. Many companies have imported advanced technology and designs from abroad, which they have digested and absorbed through joint ventures, partnerships and the purchase of production licences with similar foreign-type companies. This has led to a significant growth in China's plastics machinery industry, and products have initially met the plastics processing The overall requirements of the industry.

Increased market demand for plastic forming machinery and equipment 

Global demand for plastics processing machinery is expected to increase by 6.9% annually to reach US$37.1 billion in 2017. According to a new study by US research group Freedonia Inc. it attributes this growth to better climate sales. Accelerated economic growth in fixed asset investment and production of plastic products.

As the overall world economic situation improves and incomes rise, consumer demand and production of plastic products will continue to grow. Good sales prospects for plastics processing equipment in China, India and Russia. Turkey, the Czech Republic, Iran and other developing countries and regions benefit from steady economic growth, continued industrialisation and rising personal incomes. Demand for plastics processing equipment is set to increase. Packaging will remain the largest of the plastic processing machinery markets, accounting for more than a third of all sales in 2017. The second largest end markets are consumer goods and the construction industry.

Injection moulding equipment will remain one of the most important processing machines, accounting for almost two fifth of new sales in 2017 due to its wide range of uses, the company Freedonia said. However, the group expects demand for plastics for 3D printers to grow fastest alongside this type of plastics processing equipment from its current relatively small market base. Sales of extrusion machinery will grow at the second fastest rate and support the growth in world construction activity. China is currently the country's largest equipment market, accounting for 29% of all sales in 2012, and will continue to lead global demand in 2017.

However, India will be the fastest growing country, expanding by 12 per cent a year, the company Freedonia said. Based on region, it said sales in Central and South America will climb fastest, followed by Africa/Middle East.