Major driving factors:
The growth of the manufacturing industry on a global scale has driven the demand for plastic particles. Underwater pelletizers are widely used in the plastic processing industry and can melt plastics into granules and be used as raw materials to manufacture various plastic products. With the rapid development in the global manufacturing field, the demand for underwater pelletizers has also increased correspondingly. Plastics are widely used in various industries, including packaging, automobiles, construction, and consumer goods. With population growth, accelerated urbanization, and the wide application of plastics in various application fields, the demand in the plastic market is continuously increasing, which directly drives the demand for underwater pelletizers.

Major restraining factors:
The purchase and installation costs of underwater pelletizers are relatively high, especially for large-scale production or specialized equipment. This may pose a certain burden on small and medium-sized enterprises or manufacturers in emerging markets and may limit the adoption of underwater pelletizers. The operation of underwater pelletizers is relatively complex and requires a high degree of technical expertise. For operators, the technical training and learning curve for adapting to new technologies may take some time. Some enterprises may lack technical experts and talents who can cope with technical challenges, which may be a hindrance to the adoption of underwater pelletizers.

In 2023, the global underwater pelletizer market sales reached 224 million US dollars. It is expected to reach 307 million US dollars in 2030, with a compound annual growth rate (CAGR) of 4.7% (2024-2030). From a regional perspective, the Chinese market has changed rapidly in the past few years. In 2023, the market size was XX million US dollars, accounting for about XX% of the global market. It is expected to reach XX million US dollars in 2030. By then, the global market share will reach XX%.

China is the largest underwater pelletizer market, accounting for about 54% of the market share, followed by the United States, accounting for about 19% of the market share.

The main manufacturers are Coperion, ECON, Reduction Engineering, Farrel Pomini, KY Solution, PSG, Girung Industries, Wuxi Huachen, Lantai Plastic Machinery, Nanjing Juli, Sichuan Sinnoextruder, Nordson, Nanjing GIANT, Harden, Crown Machine, Cowin Extrusion, Adlbut, Gala Industries, Chuangbo Machine, Margo Industries, etc. The top three manufacturers account for about 22% of the market share.