The "Blow Molding Machines - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.
The global market for Blow Molding Machines is estimated at US$4.9 billion in 2024 and is likely to log a 2024-2030 CAGR of 4.4% in reaching a projected US$6.3 billion by 2030.
This global report on Blow Molding Machines analyzes the market based on process type, raw material & end-use sector. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.
In blow molding, a thermoplastic molten tube known as a ''parison'' is inflated or blown into a mold's cavity to create hollow objects. Polypropylene (PP), polyvinyl chloride (PVC), high-density polyethylene (HDPE), low-density polyethylene (LDPE) and polyethylene terephthalate (PET) are a few polymers that are frequently utilized.
The worldwide demand for Blow Molding Machines is poised to post a steady growth over the analysis period owing to several reasons, including advantages of bulk production & low labor costs, flexibility of materials & minimal waste generation, increasing demand for plastic packaging, lightweight packaging, increasing focus towards eco-friendly products, government initiatives & regulations, customized packaging solutions & end-users, such as food & beverages, healthcare, cosmetics and automotive having high demand for Blow Molding Machines in manufacturing their products.
Asia-Pacific leads the global market for Blow Molding Machines, which is also anticipated to be the fastest growing. Major reasons for this comprise rising popularity of flexible packaging due to portability, ease of disposal and affordability. In addition, leading companies are strategizing partnerships and acquisitions for expansion of their business ventures in the region due to low manufacturing costs, availability of resources and growing demand for packaged products. South America is expected to be the slowest growing global market for Blow Molding Machines.
Blow Molding Machines Market Analysis by Process Type
Based on process type, Extrusion is the most widely used blow molding technique, accounting for an estimated share of about 45% of the total market. These machines are used in making plastic bottles, containers and drums along with automotive and industrial parts. Growing packaging industry and consumer desire for eco-friendly and lightweight packaging materials and advancements in automation & technology have led to the development of high-speed extrusion machines that produce a large number of products with exceptional accuracy and precision.
Because of these factors, extruded products made using these machines are much in demand in various sectors, including packaging, food & beverage, electrical & electronics, pharmaceuticals and consumer goods. However, Injection Blow Molding Machines are anticipated to be the fastest growing in the market for Blow Molding Machines, owing to their ability to make high-quality, complex products, including medical gadgets, automobile parts and electronic enclosures.
Blow Molding Machines Market Analysis by Raw Material
Polyethylene (PE) is estimated to be the most widely used raw material for blow molding. PE is a thermoplastic polymer and largely used in manufacturing plastic components for various sectors, including automotive parts, household consumables, containers, appliances, plastic films, computer components, packaging material, electrical/electronic and industrial components.
The consumer goods and food & beverage sectors are among the major end-users of PE-based products due to their strength, stiffness and impact resistance. A cutting-edge blown film plastic extrusion machine that uses PE has also been introduced by a major vendor for a variety of applications, including lamination films, courier bag films, agriculture films and liner bags, among others.
Blow Molding Machines Market Analysis by End-Use Sector
Based on end-use sector, Packaging is estimated to hold the largest share in the global market for Blow Molding Machines and will also post the fastest growth, since plastic packaging is ubiquitous. The shelf-life of a product determines the type of packaging material to be used in the process of making. Consumers choose flexible packaging due to affordability, lightweight and ease of discarding. In addition, several companies are investing in the packaging and manufacturing industries, which has raised the need for Blow Molding Machines to manufacture plastic products in sizes ranging from very small to large.
Other contributing factors include increasing industrialization in developing regions encouraging manufacturers to scale-up production of blow molding machines, government initiatives to promote the machinery industry, introduction of new technologies resulting in energy-efficient processes and effective automation for lowering labor costs while maintaining productivity.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 296 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $4.9 Billion |
| Forecasted Market Value (USD) by 2030 | $6.3 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
Blow Molding Machines Key Players
- Aoki Technical Laboratory, Inc.
- Blow Enterprises
- British Plastics Federation
- Chen Hsong Holdings Ltd
- Chia Ming Machinery Co
- Elegance Industries
- Golfang Mfg. & Development Co Ltd
- Graham Engineering Corp
- Jagmohan Pla-Mach Pvt Ltd
- Jiangsu Victor Machinery Co Ltd
- Jomar Corp
- Kautex Maschinenbau GmbH
- Kautex Textron GmbH & Co KG
- Krones AG
- Magic North America, Inc.
- Meccanoplastica S.R.L.
- Milacron Holdings Corp
- Nissei ASB Machine Co Ltd
- Parker Plastic Machinery Co Ltd
- Polymechplast Machines Ltd
- Sidel Group
- SMF Maschinenfabrik GmbH
- Suma Plastic Machinery Co Ltd
- Sumitomo Heavy Industries Ltd
- SuZhou Bestar Blow Molding Technology Co Ltd
- The Japan Steel Works Ltd
- Universal Machinery & Services
Key Metrics
- Historical Period: 2021-2023
- Base Year: 2023
- Forecast Period: 2024-2030
- Units: Value market in US$
- Companies Mentioned: 20+
Blow Molding Machines Market by Geographic Region
- North America (The United States, Canada and Mexico)
- Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
- South America (Argentina, Brazil and Rest of South America)
- Middle East & Africa
Blow Molding Machines Market by Process Type
- Extrusion Blow Molding
- Injection Blow Molding
- Injection Stretch Blow Molding
Blow Molding Machines Market by Raw Material
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Other Raw Materials [Incl. Polycarbonate (PC)]
Blow Molding Machines Market by End-Use Sector
- Automotive
- Building & Construction
- Chemicals
- Consumer Goods
- Electrical & Electronics
- Food & Beverage
- Packaging
- Personal Care & Cosmetics
- Pharmaceuticals
For more information about this report visit https://www.researchandmarkets.com/r/eau5df
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241121964489/en/
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
