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Global Plastics Processing Machinery Market to Reach $18.8 Billion by 2026 Plastic processing machinery is used in the processing of raw plastics and molding them into desired shape which involves diverse materials ranging from thermoplastics polyethylene and polypropylene to new age elastomers and composites. Rise in consumption of plastics coupled with the increasing availability of financing is expected to catalyze spending on capital equipment, thereby stimulating the growth of the global plastics processing machinery market over the long term. Trends such as growing demand for biodegradable and reinforced plastics is expected to drive market gains. The industry is also embracing the Industry 4.0 concept by employing digital equipment together with plastics production processes. The market for processing machinery is highly technology driven with molders always on the lookout for augmented features such as productivity, flexibility, energy efficiency, and bottom-line performance

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