Global Plastics Machinery Market Insights 2024: Why Used Extrusion Equipment is the Preferred Choice for Developing Countries? 50% Cost Savings + Green Transformation Programs
According to the latest report by Grand View Research 2024, the global plastics machinery market size has reached $48 billion, growing at a steady CAGR of 4.2%. Among them:
- Asia-Pacific region accounted for more than 40% (Indonesia infrastructure investment growth of 27%, Vietnam plastic products exports exceeded $8 billion)
- Middle East/Africa market growth rate of 9.3% (Saudi Arabia NEOM new city plan, Morocco plastic recycling rate increased to 35%)
Developing countries face double challenges: high cost of new equipment, shortage of skilled labor.
Used equipment has become the key to break the game: Chinese manufacturers have accounted for more than 65% of the global used plastics machinery trade volume with a perfect equipment remanufacturing system.
Five core competencies of used extrusion equipment
Cost-effective revolution
Comparison item New equipment High quality used equipment Purchase cost from ￥10000 Short return on investment cycle Low energy consumption, synchronized with new standards
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