Blow molding machines are available in different sizes, capacities, and type, thereby making it usable in many industries. Furthermore, blow molding machine are best when it comes to achieving economies of scale for producing plastic blow molded products, as other similar technologies are only suited for mid-level production.
The growth of automotive industry surged the demand for blow molding machines, as they are extensively used for manufacturing automotive products, such as brake fluid reservoirs and other storage solutions. In addition, the automation offered by the blow molding machines leads to reduced labor cost and increased machine productivity, which is instrumental in driving the growth of blow molding machine market. However, high installation cost and availability of substitute technology hinder to the market growth. Furthermore, blow molding machines come in compact sizes and reduces wastage, owing to advancement in technology. This provides lucrative opportunities for the growth of the market.
The global blow molding machine market is segmented on the basis of type, raw material, application and region. By type, the market is segregated into injection blow molding, extrusion blow molding, and injection stretch blow molding. On the basis on raw material, the market is categorized into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) polyethylene terephthalate (PET), and others. According to application, market is classified into packaging, automotive, construction, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players that operate in the global market have adopted key strategies, such as product launch to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
The key companies profiled in the blow molding machines market report include Blow Enterprises, Chia Ming Machinery Co., (Chia Ming) Ltd, Golfang Mfg. & Development Co., Ltd., Jagmohan Pla-Mach Pvt. Ltd., Jiangsu Victor Machinery Co., Ltd., Jomar Corporation, Nissei Asb Machine Co., Ltd., Polymechplast Machines Ltd., Sumitomo Heavy Industries, Ltd., and The Japan Steel Works, Ltd.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging blow molding machines market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key Market Segments between 2020 and 2030.
- Extensive analysis of the blow molding machines market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global blow molding machines market forecast analysis from 2021 to 2030 is included in the report.
- Key market players within blow molding machine markets are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the blow molding machines industry.
Key Market Segments
By Type
- Extrusion Blow Molding
- Injection Blow Molding
- Injection Stretch Blow Molding
By Raw Material
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
By Application
- Packaging
- Automotive
- Construction
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Indonesia
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Blow Enterprises
- Chia Ming Machinery Co
- Golfang Mfg. & Development Co., Ltd.
- Jagmohan Pla-Mach Pvt. Ltd.
- Jiangsu Victor Machinery Co., Ltd.
- Jomar Corporation
- Nissei ASB Machine Co. Ltd.
- Polymechplast Machines Ltd.
- Sumitomo Heavy Industries, Ltd.
- The Japan Steel Works, Ltd.
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Table of Contents
Executive Summary
According to this report titled, 'Blow Molding Machine Market,' the blow molding machine market size was $4.7 billion in 2020, and is estimated to reach $6.9 billion by 2030, growing at a CAGR of 3.8% from 2021 to 2030.Injection blow molding, extrusion blow molding, and injection stretch blow molding are commonly observed types of blow molding machines. The injection stretch blow molding segment accounted for the highest market share in 2020, owing to increase in demand for packaging media like bottles and plastic containers. According to application, market is segmented into packaging, automotive, construction, and others. As per the raw material, market is fragmented into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (pet), and others. The market is mainly driven by increase in packaging applications by pharmaceutical and food & beverages industry. However, use of substitute technology for plastic molding constraints the growth of the blow molding machine market.
In 2020, Asia-Pacific dominated the global blow molding machines market, in terms of revenue, followed by North America and Europe. Moreover, the market in Asia-Pacific increases with high CAGR of 4.3%, owing to growth in use of blow molding machines for automotive industry components.
The advancements in blow molding machine technologies have significantly decreased the production cost and reduced the wastage during the production. The blow molding machines are extensively used for many applications across the industries, such as automotive, packaging, construction, and pharmaceutical. This is owing to availability of blow molding machines various sizes and capacities. In addition, advancement in computer-based technologies enables the machines to be more productive while maintaining the production and labor costs low. These factors positively influence the blow molding machine market growth.
Furthermore, on the basis of material type, the others segment is anticipated to grow rapidly, during the forecast period, owing to launch of more powerful blow molding machines and increase in demand for solid plastic packaging containers.
For instance, in July 2019, Meccanoplastica launched new K2019 machinery: Jet 85 all-electric injection blow molding machine. The newly launched machine has three stations and can produce containers in round as well as square shape.
However, during the pandemic lockdown, various manufacturers in the blow molding machine market halted their business in countries, such as China, the U.S., and India. This halt directly impacted sales of blow molding machines manufacturing companies. In addition, lack of manpower and raw materials constricted the supply of blow molding machine components, which negatively influenced the growth of the market. However, reopening of production facilities and introducing vaccines for coronavirus disease are anticipated to re-open the blow molding machine companies.
The key companies profiled in the blow molding machine market forecast include Blow Enterprises, Chia Ming Machinery Co., (Chia Ming) Ltd, GOLFANG Mfg. & Development Co., Ltd., Jagmohan Pla-Mach Pvt. Ltd., Jiangsu Victor Machinery Co., Ltd., Jomar Corporation, Nissei Asb Machine Co., Ltd, Polymechplast Machines Ltd., Sumitomo Heavy Industries, Ltd., and The Japan Steel Works, Ltd.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging blow molding machine market trends and dynamics.
- Depending on type, the injection stretch blow molding segment dominated the blow molding machine market share, in terms of revenue in 2020 and the injection blow molding segment is projected to grow at a significant CAGR during the forecast period.
- By end user, packaging segment registered highest revenue in 2020.
- Asia-Pacific is projected to register highest growth rate in the coming years.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth blow molding machine market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
Companies Mentioned
- Blow Enterprises
- Chia Ming Machinery Co
- Golfang Mfg. & Development Co., Ltd.
- Jagmohan Pla-Mach Pvt. Ltd.
- Jiangsu Victor Machinery Co., Ltd.
- Jomar Corporation
- Nissei ASB Machine Co. Ltd.
- Polymechplast Machines Ltd.
- Sumitomo Heavy Industries, Ltd.
- The Japan Steel Works, Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 220 |
Published | April 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 4654.5 million |
Forecasted Market Value ( USD | $ 6878.6 million |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |