The pellet mill ring die market will show positive growth trends both at home and abroad in 2024, benefiting from the continued development of industries such as agriculture, feed processing, and biomass energy, as well as the increasing demand for high-efficiency, environmentally friendly equipment. The following is a detailed analysis of the domestic and overseas market conditions of granulator ring molds in 2024:
Domestic market conditions
Market Size and Growth**: It is expected that by 2024, China’s ring die pellet machine market will maintain a steady development trend, with the market size expected to reach more than US$1.5 billion, with a compound annual growth rate of approximately 5%.
Main driving factors**: policy support, technological progress, and growing consumer demand for high-quality products.
Technological Innovation**: The improvement of intelligence and the application of automated control systems, the development and application cases of environmentally friendly and energy-saving technologies, and the research and development trend of multi-functional and multi-purpose equipment.
Market Demand**: Applications in the agricultural feed industry and changes in demand, applications and growth potential in the energy and industrial fields, application situations and prospects in the field of environmental protection recycling.
Overseas market conditions
Performance of Chinese Enterprises in the International Market**: China Zhengchang Grain Machinery demonstrated its independently developed SZLH1208 granulator at the Brazilian International Animal Protein Expo, which received widespread attention and gained market recognition. This shows that Chinese granulator ring mold companies have strong competitiveness in the international market.
International Market Growth Trend**: The overall size and growth rate of the global ring die pellet machine market show that China’s market size has reached approximately US$900 million, accounting for 60% of the global market, and is expected to grow to more than 12% by 2024. billion level.
The granulator ring die market will show a positive growth trend both at home and abroad in 2024. Technological innovation and market demand are the main factors driving market development. Chinese enterprises have also shown strong competitiveness in the international market. It is expected that in the next few years, with technological innovation and the growth of market demand, China’s granulator ring die industry is expected to occupy a more prominent position in the global market.
