Global Blow Molding Machine Market was valued US$ XX Bn in 2019 and is expected to grow US$ 6.78 Bn by 2027, at a CAGR of 3.9% during the forecast period.
Global Blow Molding Machine Market
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Blow molding machines perform the most flexible process in which hollow plastic parts are joined together for making bottles and other commodities. The main applications of the blow molding machines consist of manufacturing water bottles, soft drink bottles, wide mouth jars, plastic cans, and other containers. The various types of blow molding machines contain injection, extrusion, and injection stretch. The sophisticated machine is used for manufacturing industrial containers, construction industry products, automotive parts, electronics and electrical appliance components, toys, and many other plastic components.
Low labor-cost, bulk production, and high demand for molded plastic products are the key factors that drive the growth of the blow molding machine market. The machine is broadly used in industries such as automotive, medical, packaging, food & beverage, and others. There is a rising demand for blow molding machines in the food & beverages industry to manufacture different packaging and processing components like food & beverage containers, processing equipment components, conveyor system components, and others.
The obligation of strict government regulations, as well as the increasing interest in ethical and eco-friendly products, is driving end-user industries to find viable alternatives to plastics. The development of sophisticated formulations to increase the strength, durability, functionality and eco-friendly material composition in bioplastics is generating the demand for the material. These factors together with technological signs of progress in blow hold machine designs are progressively making bioplastics compatible for use with the current infrastructure. The latest development supplementing the surge in the demand for lightweight plastic containers was Amazon’s recent declaration of substituting the traditional cardboard boxes used in packaging with lightweight flexible plastic mailers.
Nevertheless, high initial tooling & machinery costs with adverse impact on the environment are expected to reduce blow molding machine market growth with governments around the world working towards regulating the use of energy, fuel, and greenhouse gas production. Producers in the blow molding machines market are focusing on the investments into the development of fully-electric equipment with high efficiency and reliability to overcome the unfavorable challenge.
The Asia Pacific blow molding machine market is expected to hold the largest market share by 2027, with China leading the market, both in production and consumption. India is also expected to witness sound growth in the demand for blow molding machines on account of the fast growth being realized in the consumer packaging and automotive industry.
North America and Europe both regions are expected to hold a significant share in the blow molding machines market. This is mainly due to the growth in the automotive and electronics & electrical industry in the regions is expected to drive the demand for blow molding machines in the future. Substantial investments and improving economies of Brazil and Argentina are likely to drive the Latin America blow molding machines market. The Middle East and Africa are expected to witness enough growth in demand for blow molding machines over the forecast period (2020-2027) because of the initiatives being taken by many Middle-East countries towards achieving a varied economy.
The objective of the report is to present a comprehensive analysis of the Global Blow Molding Machine Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Blow Molding Machine Market dynamics, structure by analyzing the market segments and project the Global Blow Molding Machine Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Blow Molding Machine Market make the report investor’s guide.
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Global Blow Molding Machine Market, By Raw Material
• Polyethylene Terephthalate
• Polyvinyl Chloride
• Others (including Polycarbonate)
Global Blow Molding Machine Market, By Type
Global Blow Molding Machine Market, By End-use Industry
• Building & Construction
• Electrical & Electronic
• Others (including Medical & Healthcare and Chemicals)
Global Blow Molding Machine Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Blow Molding Machine Market
• The Japan Steel Works, Ltd.
• Jomar Corp.
• PARKER PLASTIC MACHINERY CO., LTD
• Jiangsu Victor Machinery CO., Ltd
• GOLFANG Mfg. & Development Co., Ltd.
• SUMA Plastic Machinery Co., ltd.
• SuZhou Bestar Blow Molding Technology Co., Ltd.
• Universal Machinery & Services
• BLOW ENTERPRISES
• NISSEI ASB MACHINE CO., LTD.
• Jagmohan Pla-Mach Pvt. Ltd.
• Bekum Maschinenfabriken GmbH
• Chia Ming Machinery Co., Ltd.
• Elegance Industries
• Kautex Maschinenbau
• Polymechplast Machines Ltd
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