The shift in trend towards mechanized packaging for increased efficiency and output is expected to drive demand. The Global Plastic Processing Machinery Market is expected to reach USD 43.7 billion by 2025, according to a new report by Grand View Research, Inc. Plastics exhibit superior properties such as flexibility, light-weight, low density, improved barrier resistance, durability, insulation, energy-saving, enhanced weathering, and aesthetic appeal (multitude of colors and metalized finishes). These factors have widened the application scope of processing machinery. Advancements in molding technology have led to the development of complex components such as joints, structural components, brake components, housing units, fuel tanks, suspensions and engine frames. Introduction of favorable policies by the governments in emerging economies, including China and India, to encourage foreign direct investment and facilitate closer integration with other economies is expected to p...