The plastic processing machinery market is estimated to reach USD 31.42 billion in 2020 to USD 42.44 billion by 2026, with a CAGR of 5% between 2022 and 2030.

The plastic processing machinery market is estimated to reach USD 31.42 billion in 2020 to USD 42.44 billion by 2026, with a CAGR of 5.24 percent between 2021 and 2026.

Plastic processing utilizes a huge amount of energy in order to heat raw materials and form them into products. Large quantities of energy and the removal of heat from the process to solidify the plastic are required in the process. This means that, in al...