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Pelletizing Machine Market Trends

Report ID: GMI11806
Published Date: Oct 2024
Report Format: PDF

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Pelletizing Machine Market Trends

Pelletizing has become a crucial process in the recycling industry, contributing significantly to waste reduction and resource conservation. As technology advances, new innovations in pelletizing are emerging, offering promising prospects for the industry. Future pelletizing lines are anticipated to incorporate advanced sorting and segregation technologies, including optical sorting systems, AI-powered robots, and spectroscopy-based sensors. These technologies enable more accurate identification and separation of different plastic types, resulting in higher purity and quality of recycled pellets. Improved sorting capabilities also enhance process efficiency and reduce contamination.

The future of pelletizing is characterized by innovation, sustainability, and collaboration. Emerging technologies such as advanced sorting systems, innovative extrusion techniques, and digitalization are set to transform the industry, creating new opportunities for market expansion.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for pelletizing machine was reached USD 2.9 billion in 2023 and is estimated to register about 3.8% CAGR from 2024 to 2032, on account of rising preference in the livestock sector subsequently amplifies the demand for pelletizing machinery.

The underwater machine segment generated USD 1.1 billion in revenue in 2023 and is projected to grow at a 4.2% CAGR from 2024 to 2032, proplled by the key role of underwater pelletizers in cutting molten polymer into pellets.

The biomass energy segment accounted for over 32% share of the market in 2023 and set to grow at a CAGR of 4.2% from 2024 to 2032, led by renewable energy initiatives, is primarily for heating and power generation.

North America held a 30% share of the pelletizing machine market in 2023 and is expected to grow at a 3.9% CAGR from 2024 to 2032, driven by increased demand for biomass energy.

Key players in the global pelletizing machine industry encompass Baracco, Coperion, Diamond America, Econ, Farrel Pomini, Fuji Industries, Japan Steel Works, Kerke Extrusion Equipment, KraussMaffei, Maag, Neoplast, Nordson, Retech Machine, Useon, and Xinda.