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Global Plastic Processing Machinery Market (2020 to 2025) – Industry Trends, Share, Size, Growth, Opportunity and Forecast

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DUBLIN, Nov. 13, 2020 /PRNewswire/ — The “Plastic Processing Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.

The global plastic processing machinery market is currently experiencing a healthy growth. Plastic processing machinery refers to the equipment used for converting various types of plastics into semi-finished plastic products. Some of the commonly used plastic processing machines include plastic injection, extrusion, blow molding, vacuum forming and rotational molding. They are used for producing simple to intricate designs while giving a desired shape and size to the plastic by using a rigid mold or frame. They are also used for the production of high-strength, low-weight, fuel-efficient and durable plastic components across various industries, including construction, automotive, packaging, electronics & electrical and agriculture.

The increasing production of consumer goods and electronics, along with rapid industrialization across the globe, is one of the key factors driving the growth of the market. Furthermore, technological advancements, such as 3D printing and automated plastic processing machines, are providing a boost to the market growth. These machines are capable of manufacturing personalized products on a large scale with enhanced flexibility and precision. Widespread utilization of plastic for the manufacturing of food and beverage packaging solutions is acting as another growth-inducing factor.

Various ready-to-eat foods and beverages are packed in attractive plastic containers for longer shelf-life and convenient storage. Other factors, including the implementation of favorable government policies promoting domestic plastic industries, especially in the developing nations, along with the adoption of plastic recycling machinery, are projected to drive the market in the coming years. Looking forward, the publisher expects the market to register a CAGR of around 3% during 2020-2025.

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Arburg GmbH, Cosmos Machinery, Haitian Plastics Machinery Group Co. Ltd., Husky Injection Molding Systems, Japan Steel Works Ltd., Milacron Holdings Corporation, Niigata Machine Techno Company Ltd., Sumitomo Heavy Industries, Toshiba Machine Co. Ltd., etc.

Key Questions Answered in this Report:

  • How has the global plastic processing machinery market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the plastic type?
  • What is the breakup of the market based on the end-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global plastic processing machinery market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Plastic Processing Machinery Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast

6 Market Breakup by Product Type
6.1 Blow Molding Machinery
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Compression Molding Machinery
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Extrusion Molding Machinery
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Injection Molding Machinery
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Rotational Molding Machinery
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast

7 Market Breakup by Plastic Type
7.1 Polypropylene (PP)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Polyethylene (PE)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polyurethane (PUR)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Polyvinyl Chloride (PVC)
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Polyethylene Terephthalate (PET)
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Polystyrene (PS)
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast

8 Market Breakup by End-Use Industry
8.1 Packaging Industry
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Construction Industry
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Automotive Industry
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Electronic and Electrical Industry
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Agriculture Industry
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Indicators

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Arburg GmbH
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Cosmos Machinery
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Haitian Plastics Machinery Group Co., Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Husky Injection Molding Systems
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Japan Steel Works Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Milacron Holdings Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Niigata Machine Techno Company Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Sumitomo Heavy Industries
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Toshiba Machine Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials

For more information about this report visit https://www.researchandmarkets.com/r/dkxyyv

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.


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Research and Markets
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Source: https://www.prnewswire.com:443/news-releases/global-plastic-processing-machinery-market-2020-to-2025—industry-trends-share-size-growth-opportunity-and-forecast-301172892.html

Energy

NREL looks at barriers to lithium-ion battery recycling and sees opportunities

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The analysts assessed the current state of reuse and recycling of large-format lithium-ion batteries used in EVs and battery energy storage and found there is plenty of room for improvement.

Researchers at the National Renewable Energy Laboratory (NREL) released a report detailing the technological, market, and regulatory hurdles to creating a circular economy for lithium-ion batteries.

The battery technology is increasingly in demand for energy storage and use in electric vehicles (EVs). But its current lifecycle is almost entirely one-way, from manufacture to consumption to disposal, with little thought given to reuse or recycling. Only one U.S. lithium-ion battery recycling facility exists today, the analysts said.

To start to rethink the one-way lifecycle, the NREL team assessed the current state of reuse and recycling of large-format lithium-ion batteries used in EVs and battery energy storage. They found that reusing and recycling the batteries could create U.S. market opportunities, stabilize the supply chain, reduce environmental impacts, and ease resource constraints.

And they found that a circular economy would derive more value from battery energy storage systems. Materials would be reused, recycled, or refurbished for multiple lifetimes rather than one-and-done, which uses up finite resources and creates waste.

Three barriers

The researchers said that technology, infrastructure, and processes are current barriers. For example, lithium-ion battery designs and makeup vary by manufacturer, making it hard to design a standard process to cost-effectively reuse or recover materials.

Regulations also play a critical role, but current codes and standards are unclear, complex, and vary by jurisdiction.

In addition, scant reliable, publicly available information exists on the state or volume of retired lithium-ion batteries, or on the cost to recondition them for other uses. The analysts recommended government-funded research, development, analysis, and incentives, as well as information exchanges, to increase knowledge and boost private investment.

Regulations also play a critical role, but current codes and standards are unclear, complex, and vary by jurisdiction, the researchers said.

Taylor Curtis

Based on their findings, NREL analysts highlighted existing regulations that could impact the installation and grid interconnection of repurposed lithium-ion batteries.

Some states like California or New York are revising their regulations to ensure requirements for connecting to the grid specifically apply to battery energy storage systems, said Taylor Curtis, project lead and NREL analyst. Curtis noted, “This is a big development considering interconnection regulations were not developed with these types of systems in mind.”

Defining waste

A further challenge is that it is unclear how decommissioned lithium-ion batteries are legally defined in terms of waste. As recently as July, no U.S. federal policies directly addressed battery energy storage system decommissioning, or either mandated or incentivized reuse or recovery of lithium-ion batteries.

In general, decommissioned lithium-ion batteries are often considered either hazardous or universal waste, both of which have their own regulations. Regulations also vary by jurisdiction, and non-compliance may lead to fines.

Violating California’s hazardous waste laws can result in a fine of up to $70,000 a day for each violation, the report said.

Federal hazardous waste laws and regulations are the most stringent, the research said, and govern how hazardous waste is generated, handled, stored, treated, transported, and disposed of. Lithium-ion batteries that are gathered, stored, or treated before recycling could be subject to hazardous waste laws.

In some states, the penalties for violating hazardous waste laws or regulations are more stringent than federal penalties. For example, the report said that intentionally or negligently violating a provision of California’s hazardous waste laws or regulations can result in a fine of up to $70,000 a day for each violation.

The report said that the U.S. Environmental Protection Agency has created alternative regulatory controls for recycling materials, such as lead-acid batteries. The aim of those rules is to encourage collecting and recycling hazardous waste. A similar designation for lithium-ion batteries, the NREL report said, could ease liability concerns and make the economics of recycling more desirable.

Source: https://pv-magazine-usa.com/2021/02/25/nrel-looks-at-barriers-to-lithium-ion-battery-recycling-and-sees-opportunities/

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Energy

Floating PV comes to Universal Orlando Resort

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Installed by D3 Energy, the 250 kW system is one of only a few floating PV systems in the country.

D3 Energy has brought floating solar to Universal Orlando Resort, announcing the completion of a 250 kW system located at the park’s entrance and branded with the logo of Comcast, Universal’s parent company.

The 645-panel installation covers roughly half an acre of the retention pond’s surface and is anchored to the bottom of the pond, which is 35 feet deep.

The installation’s prominent Comcast logo was created using a product called SolarSkin developed by Sistine Solar. According to the Boston-based tech startup, SolarSkin is a customizable graphic overlay that can be imprinted with any artwork and applied to solar arrays without affecting the efficiency of the modules underneath.

The project’s developer, D3 Energy, occupies an interesting and underdeveloped aspect of the U.S. solar industry: floating PV. Three years ago, the National Renewable Energy Laboratory estimated that installing floating solar photovoltaics on the more than 24,000 man-made U.S. reservoirs could generate about 10% of the nation’s annual electricity production.

D3 Energy has also developed floating PV projects at the Altamonte Springs Water Facility in Altamonte Springs, Florida, the Orlando International Airport, the Orlando Utilities Operation Facility, and the Miami International Airport.

In a previous interview with pv magazine USA, Stetson Tchividjian, director of business development at D3Energy, said that he expects the cost gap between land-based solar and floating PV to close soon, citing floating PV’s lower operation and management costs, no land costs, and the increased efficiency of the panels.

“These factors over the system’s lifetime make floating solar as cost-effective–and, in some cases, less expensive–than land-based systems,” said Tchividjian.

Source: https://pv-magazine-usa.com/2021/02/25/floating-pv-comes-to-universal-orlando-resort/

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Energy

Gulf Power breaks ground on two large solar projects and one massive battery system

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As the FPL subsidiary continues its parent’s solar push, 150 MW of solar and 409 MW of storage are set to come to the Sunshine State.

Gulf Power, a subsidiary of Florida Power and Light (FPL), has announced that its solar generation portfolio is set to be bolstered by nearly 150 MW as the utility begins construction on two solar installations in northwest Florida.

The new solar energy centers under construction in the Panhandle are the Cotton Creek Solar Energy Center in Escambia County and the Blue Springs Solar Energy Center in Jackson County, both of which are set to clock in at 74.5 MW. The two projects are each expected to create roughly 500 jobs as they’re being built.

In addition to its solar projects, Gulf Power also recently broke ground on the FPL Manatee Energy Storage Center, which is set to be among the world’s largest integrated solar-powered battery systems, as well as the largest battery installation on the East Coast. This storage system is part of a modernization plan that is expected to accelerate the retirement of aging natural gas units at a neighboring power plant.

Located in Parrish, Florida, the 409 MW behemoth of a battery project is expected to begin serving customers in late 2021. The Manatee center will create 70 new jobs during construction, and it is projected to save FPL customers more than $100 million in avoided fuel costs over the project’s life.

Alongside the projects that have begun construction, Gulf Power also announced an additional five projects in the early phases of development across northwest Florida: the First City Solar Energy Center in North Escambia County, the Blackwater River Solar Energy Center in Santa Rosa County, the Chipola River Solar Energy Center and Flowers Creek Solar Energy Center in Calhoun County, and the Apalachee Solar Energy Center in Jackson County.

While the capacities for these projects in development have not yet been released, it’s safe to assume that most, if not all, will end up being that magic 74.5 MW, as projects larger than that in Florida are subject to additional permitting that the majority of project developers avoid.

Source: https://pv-magazine-usa.com/2021/02/25/gulf-power-breaks-ground-on-two-large-solar-projects-and-one-massive-battery-system/

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Energy

Vermont utility building microgrid to provide backup power for town

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GMP said Panton is the perfect place for this project because it leverages the utility’s existing 4.9 MW solar facility with utility-scale batteries already up and running in the town.

Green Mountain Power (GMP) will break ground this spring on a utility microgrid in Panton, Vermont, offering a new way to keep the power on for residents, farms, and municipal buildings in the town center during power outages.

GMP said Panton is the perfect place for this project because it leverages the utility’s existing 4.9 MW solar facility with utility-scale batteries already up and running in the town. GMP noted it will be among the first utilities in the country to island a distribution circuit using inverter-based sources with no reliance on fossil fuel generation backup.

“It is heartbreaking to see the impacts of extreme weather across the country, and it’s a sad but important reminder that we must innovate to build resiliency to protect from extreme, unpredictable weather,” said Mari McClure, GMP’s president and CEO.

In the event of a prolonged grid outage, the Panton microgrid will enable energy from the batteries and solar panels to flow to a network of customers served by the traditional grid. According to GMP, this islanding effect will work independently from the larger electric system when needed and could provide battery backup power for days.

To start, the project will help keep power on during outages for about 50 customers in Panton, with the planned possible expansion to include another 900 customers on that circuit. The utility noted the batteries are also used to lower costs for all GMP customers during peak energy times.

Resiliency zones like the one created by Panton’s microgrid are a core feature of the GMP Climate Plan, a package of infrastructure initiatives approved by Vermont’s Public Utility Commission (PUC) last year to make communities more resistant to outages and help ensure they can recover more quickly if outages occur.

The PUC approved the microgrid phase of the Panton project in fall 2020. GMP’s solar and energy storage facility in Panton first came online in 2019. Since then, the utility’s engineering teams have been designing the microgrid aspect, which is expected to be fully constructed and working for customers by the end of June.

This year, GMP will be working with three additional towns most affected by weather-related outages to create resiliency zones. Using outage data, GMP outreach is underway to determine interest from possible towns to join the program. GMP said it plans to build on this work, adding more resiliency zones in more towns every year.

GMP also continues to deploy batteries in customers’ homes and businesses. According to the utility, there are about 3,000 home battery systems in its service area that provide power to customers during outages, as well as help save money for all utility customers by driving down cost on peak energy days.

GMP offers two home battery programs: the Bring Your Own Device (BYOD) and Powerwall programs developed in partnership with local solar companies. GMP’s BYOD for Business program also recently helped Vermont’s statehouse become one of the first in the country to have battery backup.

Source: https://pv-magazine-usa.com/2021/02/25/vermont-utility-building-microgrid-to-provide-backup-power-for-town/

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