Pelletizing Machine Market

Pelletizing Machine Market Size

The global pelletizing machine market was valued at around USD 2.9 billion in 2023 and is estimated to grow at a CAGR of around 3.8% from 2024 to 2032. The livestock sector is growing, and the use of animal feed that is in pelletized form is increasing due to its commercial quality and ease of use. This not only increases the need for pelletizing technology but also the appropriate feeding machinery.

Also, the changing of certain practices, such as improvements in the automation of Cambridge, dynamics of market economy, increasing utilization of wood pellets in Europe and North America for heating systems and industrial needs, is contributing to the investment and growth of the pelletizing industry.

Appealing changes and continuous growth in the livestock sector of the protein market provide opportunities for the pelletizing equipment manufacturers because of intelligent control systems and low energy consumption, new marketing opportunities, increased interest toward biomass energy, widening use of wood pellets, improvements in animal feed production, and the strengthening of the biomass energy industry.

The pelletizing machine industry is hampered by substantial investment during initial stages and complex forms of operations. These factors are seen as obstacles in market growth and development as well as penetration of pelletizing technologies. The production costs and profitability margins for pellet producers can be greatly affected by the fluctuations of raw materials such as biomass and feedstock. There are specific risks attached here for the pellet manufacturers. The pelletizing process requires a lot of energy, and the rise in energy costs could have a negative impact on profit margins and operational costs. Additionally, global supply chain disruptions can impact the timely delivery of equipment and key raw materials, thereby adding more challenges to the production processes.

Pelletizing Machine Market Trends

Amid growing environmental concerns, pelletizing has evolved into an integral step in recycling, aiding tremendously in the reduction of waste and conservation of resources. With rapid technological developments, new innovations in this category of machinery are being developed, which is a good sign for the industry. Improved pelletizing lines are expected in the future, as more intelligent sorting and segregation technologies that include optical sorting systems, AI robots, and sensors that offer spectroscopy capabilities are set to be incorporated. These technologies can separate and identify various types of plastics with higher levels of accuracy, resulting in the production of cleaner and quality recycled pellets. Sorting more accurately reduces the chances of contamination during the process as well. Innovation, sustainability, and collaboration define the future of pelletizing. The global market will continue to expand due to the coming new age technologies like new age sorting technologies, advanced extrusion processes, and digitalization.

Pelletizing Machine Market Analysis

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• Based on the type, the global pelletizing machine industry can be segmented into strand machine, water ring machine, underwater machine, and others. The underwater machine segment accounted for revenue of around USD 1.1 billion in the year 2023 and is estimated to grow at a CAGR of around 4.2% from 2024 to 2032. In aquatic environments, an underwater pelletizer slices molten polymers into pellets which are then pushed out of circular die holes. In recent years, recycling processes, particularly in engineering plastics, have integrated underwater pelletizing systems to increase the efficiency of material recovery. Underwater pelletizers allow for high levels of automation, with PLC control tracking everything from blade sharpening to in-line die-plate grinding, reducing downtime.
  
• Polarized towards the creation of pellets after the extrusion process, strand pelletizing is characterized by cooling and solidifying polymer strands. The process is inexpensive, suitable for various polymers, and has an intuitive design. Additionally, this process enables changes in color, fast polymer changes, and rapid replacement of the cutting units, making the cleaning and maintenance processes quite simple.

Learn more about the key segments shaping this market

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• Based on the end use industry, the global pelletizing machine market is categorized into agriculture, pharmaceuticals, chemicals, plastics, biomass energy and others. The biomass energy segment held around 32% of the total market share in 2023 and is anticipated to grow at a CAGR of 4.2% during the forecast period. The efforts towards renewable energy are promoting the increase of biomass pellets intended for heating and power generation. Using improved technology in pelletizing augments the efficiency and quality of the pellets, making them an excellent source of alternative energy. Moreover, there is a shift to use a wider variety of feedstock incorporated agricultural residues and wood waste to improve the use of resources.
  
• At the same time, there is a rising demand for high-quality animal feed pellets that provide more nutrients and reduce waste. The drive for organic and sustainable farming practices has emphasized the need for eco-friendly feed which in turn requires the development of new and better methods for feed pelletizing.
  
• The increasing concern over climate change and the adoption of new technologies and strategies in agriculture, environment, medicines, chemicals, plastic, and even bio-mass energy is becoming a major driving factor for the development of pelletizing machines worldwide.

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• In 2023, North America had the biggest market share for pelletizing machines. It accounted for nearly 30% of the global shares, and it is expected that between the years 2023-2032, this industry will experience a CAGR growth of 3.9%.
  
• At present, the growth in the North American market of pelletizing machines can be attributed to rise in demand for biogenic energy, increase in production of animal feeds, rise in the rate of plastic recycling, and development in pelletizing technologies. There are numerous sectors such as pharmaceuticals, food, or plastics which employ pelletizing machines, which in turn offers opportunities for growth in the market. Machinery imports for the U.S. plastic industry were USD 1.8 billion, according to the US and Canadian Imports for the Plastic Machinery Industry. Projected imports for October and November stand at USD 129.4 million and USD 150.1 million, respectively. In 2022, the sector contributed significantly to the economy, with shipments totaling USD 548 billion.
  
• Further, the pelletizing machine market is growing in North America due to new installations of the machines as a result of high investments in infrastructure and industries. The focus of the market now is based on product superiority, which sets the bar for advanced technologies that ensure the manufacture of high-quality and consistent pellets.
  
• Hence, with continuous improvement in infrastructure, stability of the region, investment diversity, and advanced technologies increase, the North American region will continue witnessing growth in pelletizing machines.
  

North America: The United States has a relatively high market share of about 78% of the North American market of pelletizing machines. There is strong advancement in the biomass market, which is backed up with demand from biomass energy and animal feed industries. The further development of infrastructure and other technologies also increases the potential for growth in the region.


In contrast, Canada's pelletizing machine market is reported to have grown at an impressive growth rate of around 4% in 2023. The market is driven by the rising interest in biomass production in rural regions and other Indigenous populations enhancing its sustainability.

Europe: The Europe market volume share is expected to be around 26% of the total in 2023, and the market is anticipated to develop with a growth rate of around 3.7% compounded at a yearly rate during the projected years. The German superiority is understandable as it is in the lead of the European market because of enabling policies and high demand in the industry. The European market has also shifted focus to market-oriented policies adding strength to the sustainability perspective, increasing the spending on high sophistication bolt technology and new processes of investment in pelletizing machinery.

In a country comparison, Germany's market has prospects of growth of approximately 4.2% in 2023. German policies for increasing the use of renewable energy sources, including biomass, are very strong. Furthermore, Germany's market is supported by overwhelming demand from the animal feed and plastics industries as well, which require efficient pelletizing equipment.

Asia Pacific: In 2023, the market share for pelletizing machines in the Asia Pacific region was 32%. It is projected to grow with the same CAGR of approximately 4.2% throughout the forecasted period. The pelletizing machine market in the Asia Pacific region is growing quite rapidly as a result of industrial needs, government policies, and technological innovations.

In terms of country, China is dominating the Asia Pacific market in terms of market share of around 32% during the year 2023. There is a consistent push towards R&D investments and modernizing production facilities, all aimed at boosting efficiency and enhancing product quality.

On the other hand, India is emerging as the fastest-growing country for the market in terms of CAGR with a value of 4.7% from the years 2024 to 2032. There is also a significant increase in investments aimed at improving agricultural methods and expanding the biomass industry.

Pelletizing Machine Market Share

More than 17%-20% of the entire market was managed by KraussMaffei, Nordson, Coperion, Japan Steel Works, and Maag in 2023. These companies are applying active efforts toward M and A, expanding plants, and forming partnerships in order to strengthen their product portfolios, expand their bases, and fortify their positions within the market. Investment trends are focusing on research and development with aims to increase productivity, decrease energy consumption, and raise the caliber of produced products. As a result, companies winning such competitions focus on offering individualized and tailored brand solutions. Most of the companies are venturing farther into new regions, especially Asia and Africa, because the demand for pelletizing machines is on the rise.

Pelletizing Machine Market Companies

Major companies operating in the global pelletizing machine industry include:

• Baracco 
• Coperion
• Diamond America
• Econ
• Farrel Pomini
• Fuji Industries
• Japan Steel Works
• Kerke Extrusion Equipment
• KraussMaffei
• Maag
• Neoplast
• Nordson
• Retech Machine
• Useon 
• Xinda         
  

Pelletizing Machine Industry News

• In August 2023, Useon celebrated the opening of its newest factory, which provided a large event in the history of Useon. As the industry transforms, so does Useon's prognosis, fostering innovation in leading as an excellent development focusing on high quality.
  
• To stimulate growth, Maag Group has branched out to China, one of the regions with the greatest potential growth: June 2023. They are introducing new products to the market and also increasing production capacity. This allows Maag to further its localization in China.
  
• ADG Solutions Inc. has recently introduced a new range of pelletizing systems & spin dryers in the U.S. These products include underwater pelletizing systems, vertical spin dryers, and watering pelletizing systems. The products were designed by Baracco in Occhiobello, Italy, and assembled in the U.S. ADG Solutions recently became the exclusive U.S. agent for Baracco equipment.
  

The global pelletizing machine market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) (Units) from 2021 to 2032, for the following segments:

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Market, By Type

• Strand machine
• Water ring machine
• Underwater machine
• Others (melt pelletizing etc.)   

Market, By Automation Grade

• Manual
• Semi-automatic
• Automatic   

Market, By Throughput Capacity

• Below 1000 Kg/hr
• 1000 - 2000 Kg/hr
• 2000 - 5000 kg/hr
• Above 5000 Kg/hr

Market, By End Use Industry

• Agriculture
• Pharmaceuticals
• Chemicals
• Plastics
• Biomass energy
• Others (metallurgy etc.)  

Market, By Distribution Channel

• Direct sales
• Indirect sales

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa