In 2017, the global blow molding machine market size was accounted for $xx Million. It is anticipated to propel the market up to $xx Million with a CAGR of x.x% in terms of revenue over the forecast period. Industry of blow molding machinery manufacturing the equipment used for making hollow products of plastic involves automotive parts and plastic bottles. The factors that are responsible for the growth of blow molding machinery market are investment in the industrial machinery, and value for the downstream due to the improvement in financial conditions. Growth of the blow molding machine market is restricted because of increase in investment for the industrial machinery and equipment and downstream which is increasing the capacity.
Drivers that are playing major role in the growth of blow molding machine market are increase in the industry of e-commerce worldwide. Increase in the companies of e-commerce, requirement for the packaging is increasing which is fueling the growth of packaging machinery. E-retail is anticipated to be the best channel for sales of the pharmaceutical and goods for customer are increasing the blow molding machine market over the forecast period. In addition, it is projected that the value for packaging of micro-flute and white-top corrugated board will rise over the forecast period because of high durability and flexural strength. Increase in the requirement of consumer for the fast delivery has fueled the value for efficient materials of packaging, which will enhance the growth of blow molding machine market globally in the coming years.
The global blow molding machinery market trends that are getting popularity is on using the 3D printers in blow molding. This step mostly separates the procedures of fusing and printing the structure for making the procedure of blow molding easier and energy efficient. These techniques uses liquid ink which is obtained from the metal powder. Using 3D printer in the plastic molding offers manufacturer a prototype on comparing the actual product molding which may hamper the growth of global blow molding machinery market over the forecast period.
Use of components of plastic for constructing the bridges, pipelines and buildings widely will boost in increasing the value of global blow molding machinery market in the coming years. Increase in the projects of construction in the developed and developing regions to develop the infrastructure of dams, bridges and roads which needs large amount of parts of plastic like piping systems of polyvinyl chloride will drive the demand for blow molding machinery market. Enlargement of industry of construction in the Asian countries in terms of revenue will help in surging the global blow molding machinery market.
Global blow molding machinery market is segmented into product, technology, application and region. On the basis of product, blow molding machine market is divided into PVC, polypropylene, polyethylene, acrylonitrile butadiene styrene, polystyrene, PET and more. Based on technology, market is divided into extrusion blow molding, compound blow molding, injection blow molding and stretch blow molding. On considering the application, blow molding machine market is divided into construction & building, transport & automotive, packaging, medical, electronics & consumables and more.
Geographically, regions involved in the development of blow molding machine market size are Europe, North America, Central America, South America, Asia Pacific and Middle East & Africa. Asia Pacific is the region which holds largest blow molding machinery market share and is propelled to increase in the coming years.
Key Segments in the “Global Blow Molding Machinery Market” are-
By Product, market is segmented into:
- Acrylonitrile Butadiene Styrene (ABS)
By Technology, market is segmented into:
- Extrusion Blow Molding
- Compound Blow Molding
- Injection Blow Molding
- Stretch Blow Molding
By Application, market is segmented into:
- Construction & Building
- Transport & Automotive
- Electronics & Consumables
By Regions market is segmented into:
- North America
- Central America
- South America
- Asia Pacific
- Middle East & Africa
What to expect from the Global Blow Molding Machinery Market report?
- Predictions of future made for this market during the forecast period.
- Information on the current technologies, trends, devices, procedures, and products in the industry.
- Detailed analysis of the market segmentation, depending on the types, devices, and products.
- Government regulations and economic factors affecting the growth of the market.
- An insight into the leading manufacturers.
- Regional demographics of the market.
Who should buy this report?
- Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies