Dry Strand Pelletizers Market Size, Share, Growth, and Industry Analysis, By Type(Manual and Automatic), By Application (PP, PE, and Others), and Regional Insights and Forecast To 2031

Updated On: 22 April 2024

dry strand pelletizers market REPORT OVERVIEW

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The global dry strand pelletizers market size was 3255.33 million in 2022 and is expected to reach USD 4622.79 million by 2028, exhibiting a CAGR of 6.02% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with dry strand pelletizers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s demand returning to pre-pandemic levels.

Dry strand pelletizers are integral machines in the plastics processing industry, primarily used to transform molten plastic into uniform pellets. Operating as part of plastic extrusion lines, these devices begin with the extrusion of plastic into continuous strands, which are subsequently cooled and solidified. A set of rotating knives inside the pelletizer then cuts these strands into uniform pellets. Key features of dry strand pelletizers include their knife rotor, die head for strand shaping, effective cooling systems, and variable speed control for pellet size adjustment.

These machines play a crucial role in recycling plastics, enabling the creation of high-quality pellets for use in a wide range of plastic products and manufacturing processes. Dry strand pelletizers are essential for efficiently converting molten plastic into manageable, uniform pellets in the plastics industry. By carefully controlling the cooling and cutting processes, they ensure the production of high-quality pellets suitable for various applications. Their versatility and durability make them valuable tools for recycling plastic materials and manufacturing a wide range of plastic products.

COVID-19 IMPACT : Increased Demand for Plastic Products to Boost Demand Significantly

COVID-19 had a life changing impact globally. The dry strand pelletizers market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for dry strand pelletizers experienced an increased demand.

The pandemic disrupted global supply chains, causing delays in the delivery of critical components and materials required for manufacturing machinery like dry strand pelletizers. These disruptions could have affected production schedules and lead times for new equipment. Many manufacturers faced operational challenges due to lockdowns, social distancing measures, and workforce shortages. These challenges might have resulted in reduced production capacity or temporary closures, impacting the availability of pelletizers and related equipment.

While the pandemic caused disruptions in some sectors, it also led to increased demand for plastic products, including those used in medical supplies and packaging. This heightened demand for plastics could have increased the need for pelletizers to process raw materials into plastic pellets. The pandemic accelerated the adoption of remote work and digitalization in many industries, including manufacturing. Companies may have implemented remote monitoring and control systems for their pelletizing equipment to ensure continuity in operations. The market is anticipated to boost the dry strand pelletizers market growth following the pandemic.

LATEST TRENDS

"Automation and Industry 4.0 Integration to Broaden Market Prospects"

The adoption of automation and Industry 4.0 principles in manufacturing processes was on the rise. Dry strand pelletizers were being equipped with advanced control systems, data analytics, and remote monitoring capabilities, improving process efficiency and quality control. There was a growing emphasis on reducing energy consumption in manufacturing processes. Manufacturers of dry strand pelletizers were working to develop more energy-efficient equipment, including improved cooling systems and drive mechanisms.

Equipment manufacturers were focusing on designing pelletizers that offered greater flexibility in terms of pellet size and shape. This allowed for more versatility to meet diverse industry needs. Innovations in cutting technology aimed at producing consistently uniform pellets. This was especially crucial for industries where product quality and consistency were paramount. Enhanced safety features were being integrated into dry strand pelletizers to protect operators and reduce the risk of accidents during operation and maintenance.

dry strand pelletizers market SEGMENTATION

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• By Type

Based on type, the market is divided into manual and automatic.

Manual holds a major segment by type of the global market.

• By Application

Based on application, the market is bifurcated into PP, PE, and Others.

PP as application holds a major segment by application of the global market.

DRIVING FACTORS

"Quality Control to Boost Market Demand"

These machines ensure the production of consistent and high-quality plastic pellets. Manufacturers in various industries rely on the precision and uniformity of dry strand pelletizers to meet strict product quality standards. With a growing focus on environmental sustainability, dry strand pelletizers are preferred over wet pelletizers due to their reduced water usage and lower environmental impact. This aligns with the sustainability goals of many companies.

"Recycling and Circular Economy to Boost Market Flux"

As the importance of recycling and the circular economy grows, dry strand pelletizers are essential for recycling post-consumer and post-industrial plastics. They transform plastic waste into usable pellets for new products. The integration of automation and digital technologies in manufacturing has made dry strand pelletizers more efficient and easier to control. Automation leads to consistent and high-speed production. Ongoing research and development efforts in the plastics industry aim to improve the efficiency and performance of dry strand pelletizers, leading to more advanced and capable machines. These factors are anticipated to drive the dry strand pelletizers market share.

RESTRAINING FACTOR

"Operating Costs to Hamper Market Necessity"

While dry strand pelletizers are efficient, they can still incur operational costs, including energy consumption, maintenance, and blade replacement. These costs can be a concern for businesses seeking to minimize expenses. Acquiring dry strand pelletizers can involve a significant upfront capital investment. Smaller or budget-constrained companies may find the initial cost prohibitive, especially if they have alternative, less expensive methods of pellet production. Dry strand pelletizers require adequate space and infrastructure for installation, including cooling systems, conveyor belts, and safety measures. Limited space or retrofitting existing facilities can be challenging.

dry strand pelletizers market REGIONAL INSIGHTS

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"North America to Dominate the Market Owing to Substantial Food Processing Industry"

North America is the major shareholder for the dry strand pelletizers market. The region is another significant contributor to the manufacturing sector. It is home to manufacturers of industrial equipment and machinery, including those related to plastics processing. The region is also a major player in the manufacturing industry, known for producing a wide range of industrial equipment. It is home to several well-known machinery and equipment manufacturers.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• IPS Intelligent Pelletizing Solutions [Germany]
• Yenchen Machinery [Taiwan]
• HMG Extrusions [U.S.]
• Automatik Pelletizing Systems [Germany]
• Reduction Engineering Scheer [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.