Market Forecast By Machine Type (Single-Screw, Twin-Screw), By Process type (Blown Film Extrusion, Sheet/Film Extrusion, Tubing Extrusion, Others), By Solution (New Sales, Aftermarket) And Competitive Landscape
Product Code: ETC029038 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Turkey Plastic Extrusion Equipment and Machinery Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Aftermarket |
The Turkey Plastic Extrusion Equipment and Machinery Market report thoroughly covers the market by Machine Type, Process Type, and Solution. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, helping stakeholders to align their market strategies according to current and future market dynamics.
The Turkey plastic extrusion equipment and machinery market plays a vital role in the country's manufacturing sector, catering to various industries such as packaging, construction, and automotive. With the increasing demand for plastic products and the adoption of advanced manufacturing technologies, this market has witnessed steady growth. Key trends include the development of energy-efficient and high-precision equipment, as well as the integration of automation and digitalization.
According to 6Wresearch, the Turkey Plastic Extrusion Equipment and Machinery Market size is expected to grow at a significant CAGR of 6.5% during the forecast period 2025-2031. Several factors drive the growth of the Turkish plastic extrusion equipment and machinery market. These include the expanding manufacturing sector, the increasing demand for plastic products across various industries, and the need for efficient and high-quality production processes. Additionally, the growing emphasis on sustainability and energy efficiency has fueled the demand for advanced extrusion equipment with improved performance and reduced environmental impact.
Despite its growth potential, the Turkish plastic extrusion equipment and machinery market faces challenges such as high initial investment costs, the need for skilled labor, and the adoption of new technologies. Additionally, the market is heavily influenced by fluctuations in raw material prices and overall economic conditions, which can impact the demand for plastic products and, consequently, the demand for extrusion equipment.
Leading players in the Turkish plastic extrusion equipment and machinery market include Barmag, Battenfeld Cincinnati, Milacron, and Windmöller & Hölscher. These companies are known for their innovative solutions, advanced technologies, and strong market presence.
The Turkish government has implemented various initiatives to support the growth of the plastic extrusion equipment and machinery market, such as the "Investment Incentive Program" and the "Machinery Renewal Program." These initiatives aim to promote investment in advanced manufacturing technologies, encourage the adoption of energy-efficient solutions, and support the overall development of the manufacturing sector.
The Turkish plastic extrusion equipment and machinery market is expected to continue its growth trajectory, driven by the increasing demand for plastic products and the adoption of Industry 4.0 technologies. Emerging trends include the development of smart and connected extrusion equipment, the integration of advanced sensors and data analytics, and the adoption of sustainable and circular economy practices. However, manufacturers will need to address challenges related to skilled labor and the adoption of new technologies.
According to Ravi Bhandari, Research Head, 6Wresearch, Twin-screw extrusion machinery represents the fastest-growing machine type segment in the Turkey plastic extrusion equipment and machinery market. This preference is driven by the machine’s enhanced mixing capability, higher output rates, and greater flexibility in processing a variety of materials. Twin-screw machines are particularly advantageous in applications requiring precise control over the compounding process, enabling the production of high-quality plastics with consistent properties. Their adaptability to advanced formulations and ability to produce complex profiles make them a favored choice among manufacturers seeking efficiency and innovation.
Blown film extrusion is emerging as the fastest-growing process type segment in the Turkey plastic extrusion equipment and machinery market. This process is widely used for producing plastic films that are integral to packaging applications, such as bags, wrapping, and lamination. The increasing demand for flexible packaging solutions in the food and beverage, pharmaceutical, and consumer goods industries is driving the growth of this segment. Blown film extrusion offers advantages like excellent barrier properties, cost efficiency, and versatility in producing films of varying thickness, which are essential attributes catering to market needs.
The aftermarket segment is witnessing the highest growth in the Turkey plastic extrusion equipment and machinery market. This surge is attributed to the increasing focus on maintaining and optimizing existing machinery to enhance operational efficiency and prolong equipment lifespan. As manufacturers aim to reduce capital expenditure and downtime, the demand for spare parts, retrofitting, and maintenance services is on the rise. The aftermarket segment's growth is further fueled by technological advancements and the availability of high-quality after-sale services, which ensure the seamless performance of extrusion equipment over extended periods.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Turkey Plastic Extrusion Equipment and Machinery Market Overview |
3.1 Turkey Country Macro Economic Indicators |
3.2 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 Turkey Plastic Extrusion Equipment and Machinery Market - Industry Life Cycle |
3.4 Turkey Plastic Extrusion Equipment and Machinery Market - Porter's Five Forces |
3.5 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume Share, By Machine Type, 2021 & 2031F |
3.6 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume Share, By Process type, 2021 & 2031F |
3.7 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume Share, By Solution, 2021 & 2031F |
4 Turkey Plastic Extrusion Equipment and Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Turkey Plastic Extrusion Equipment and Machinery Market Trends |
6 Turkey Plastic Extrusion Equipment and Machinery Market, By Types |
6.1 Turkey Plastic Extrusion Equipment and Machinery Market, By Machine Type |
6.1.1 Overview and Analysis |
6.1.2 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By Machine Type, 2021 - 2031F |
6.1.3 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By Single-Screw, 2021 - 2031F |
6.1.4 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By Twin-Screw, 2021 - 2031F |
6.2 Turkey Plastic Extrusion Equipment and Machinery Market, By Process type |
6.2.1 Overview and Analysis |
6.2.2 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By Blown Film Extrusion, 2021 - 2031F |
6.2.3 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By Sheet/Film Extrusion, 2021 - 2031F |
6.2.4 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By Tubing Extrusion, 2021 - 2031F |
6.2.5 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Turkey Plastic Extrusion Equipment and Machinery Market, By Solution |
6.3.1 Overview and Analysis |
6.3.2 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By New Sales, 2021 - 2031F |
6.3.3 Turkey Plastic Extrusion Equipment and Machinery Market Revenues & Volume, By Aftermarket, 2021 - 2031F |
7 Turkey Plastic Extrusion Equipment and Machinery Market Import-Export Trade Statistics |
7.1 Turkey Plastic Extrusion Equipment and Machinery Market Export to Major Countries |
7.2 Turkey Plastic Extrusion Equipment and Machinery Market Imports from Major Countries |
8 Turkey Plastic Extrusion Equipment and Machinery Market Key Performance Indicators |
9 Turkey Plastic Extrusion Equipment and Machinery Market - Opportunity Assessment |
9.1 Turkey Plastic Extrusion Equipment and Machinery Market Opportunity Assessment, By Machine Type, 2021 & 2031F |
9.2 Turkey Plastic Extrusion Equipment and Machinery Market Opportunity Assessment, By Process type, 2021 & 2031F |
9.3 Turkey Plastic Extrusion Equipment and Machinery Market Opportunity Assessment, By Solution, 2021 & 2031F |
10 Turkey Plastic Extrusion Equipment and Machinery Market - Competitive Landscape |
10.1 Turkey Plastic Extrusion Equipment and Machinery Market Revenue Share, By Companies, 2024 |
10.2 Turkey Plastic Extrusion Equipment and Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |