It’s being expected that by 2032, the Blow Molding Machinery market cap will hit US$ 3,670.9 Million at a CAGR growth of about 4.1%.
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.
Key company profile in the Global Blow Molding Machinery Market Chia Ming Machinery Co., Ltd., Die Kautex Maschinenbau GmbH, Golfang Mfg. & Development Co., Ltd., Jagmohan Pla-Mach Pvt Ltd., Jiangsu Victor Machinery Co., Ltd., Jomar Corporation, Meccanoplastica S.r.l., Parker Plastic Machinery Co., Ltd., among others., Parker Plastic Machinery Co. Ltd., Jomar Corporation, Nissei ASB Machine Co., Ltd., Jiangsu Victor Machinery Co. Ltd., British Plastics Federation, Golfang Mfg. & Development Co. Ltd., Suma Plastic Machinery Co.Ltd., Polymechplast Machines Ltd., Design-tek Tool and Plastics Inc., The Meccanoplastica Group, Taiwan Machine Sources.
Key segments of the Global Blow Molding Machinery Market
Raw Material, 2022 to 2032 (USD Million)
- Polyethylene Terephthalate
- Polyvinyl Chloride
By Product, 2022 to 2032 (USD Million)
By Application, 2022 to 2032 (USD Million)
- Construction & Building
- Transport & Automotive
Region Overview, 2022 to 2032 (USD Million)
- North America
- United States of America
- the Netherlands
- The United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America