The manufacture of hollow plastic components can be accomplished by a process known as stretch blow molding. The apparatus that is used to do blow molding is referred to as a blow mold machine. Toys, industrial containers, items for the building sector, automobile parts, components for electronics and appliances, and a wide variety of other plastic components can all be produced with the help of the sophisticated machine.
The new coronavirus has quickly spread throughout various countries and areas, which has had a significant and negative effect on the lives of individuals and the community as a whole. It was once a problem with human health, but it has since evolved into a massive risk to international commerce, the economy, and finance. As a result of the COVID-19 outbreak, the production of many components that make up the blow molding machine industry to a standstill. The recession in the economy originally led to a reduction in the amount of money spent by various participants in the end-user industry on new molding machinery. In addition, it is anticipated that the number of COVID-19 cases will decrease in the not-too-distant future as a result of the launch of vaccination against COVID-19. Because of this, blow molding machine manufacturing enterprises have been able to restart operations at their previous levels of production capacity. This is anticipated to be of assistance in the market's recovery at the beginning of 2022. Manufacturers of blow molding machines need to prioritize the safety of their employees, operations, and supply networks in order to effectively respond to time-sensitive events and develop innovative approaches to their job after the pandemic.
Asia Pacific to dominate the Global Stretch Blow Molding Machine Market
The Asia Pacific region is predicted to keep the market's top position and increase swiftly over the course of the forecast period as a result of encouraging governmental policies, expanding end-use industries, and the availability of raw materials in the area. Additionally, the end-use industries in the area are anticipated to raise their demand for strong, lightweight containers, leading to North America's significant growth throughout the course of the projected period.
North America expected to show lucrative growth opportunities for the Global Stretch Blow Molding Machine Market
It is projected that North America will hold a considerable proportion of the global market for stretch blow molding machines. The expansion of the region's automotive, electronics and electrical industries would likely fuel the need for blow molding machines in the years to come. The market for blow molding machines in Latin America is anticipated to be driven by significant investments as well as the economies of Brazil and Argentina, which are on the mend.
Europe will see a stable growth rate in the period of interest
As a result of the many countries in Europe working toward the common goal of developing a more diversified economy, it is anticipated that the demand for stretch blow molding machines in Europe will have a moderately positive growth over the course of the forecast year.
The Single Step Segment will dominate the Global Stretch Blow Molding Machine Market
The one-step segment will dominate the market. It is employed, and it consists of a rapid cooling preform mold and reheating the preform before fitting it into the container mold. After being reheated, the preform is stretched and blown so that it can fit into the mold.
From 2022 to 2028,the global Stretch Blow Molding Machine market is expected to grow at a CAGR of 3.84 percent, USD 2801 million in 2028.
The development in the number of industries involved in producing packaged goods, such as the food and beverage and the medicines business, has contributed to the expansion of the packaging industry in recent years. This results in an increase in the demand for blow molding machines among manufacturers of bottles, tubes, and other components of packaging of a similar kind. In addition, the availability of numerous blow molding machines in various capacities makes them suitable for manufacturing large and small plastic goods.
The utilization of more recent technologies makes it possible for the blow molding process to consume less energy while reducing the amount of wasted raw material. In addition, the incorporation of the most recent computer-based technologies and software makes it possible to carry out effective automation, lowering labor costs while maintaining a greater level of productivity.
The ever-increasing demand for plastic components in a variety of industries, including automotive, food and beverage (F&B), packaging, pharmaceutical, aerospace, electronics, personal care, and cosmetics, is compelling businesses that sell blow-hold machines to place a significant amount of emphasis on improving the speed and precision of their equipment in order to keep up with the demand. The manufacturers are making major improvements to the machines' speed and precision by utilizing cutting-edge technology and automating as many processes as possible.
Because of the growing trend toward healthier lifestyles among consumers, bottled water has become increasingly popular as an alternative to sugary soft beverages, particularly in the United States. For some areas, the lack of clean water is a problem as well. Countries like Costa Rica and Mexico are experiencing severe water shortages in Latin America.
However, the availability of clean water is a significant issue for the countries in the region, and people are establishing new water capabilities to fulfill the daily water demand. PET stretch blow molding machine manufacturers have consolidated in many countries in response to the rising global demand for PET bottles.
Companies such as Blow Enterprises, Jagmohan Pla-Mach Pvt. Ltd., (ChiaMing) Ltd., Jomar Corporation, Polymech Plast Machines Ltd., Sumitomo Heavy Industries, Golfang Mfg. & Development Co., Chia Ming Machinery Co., Jiangsu Victor Machinery Co. Ltd., and The Japan Steel Works are the dominant players in the market for stretch blow molding machines worldwide.
- W. Amsler Equipment Inc. introduced a brand-new bespoke blow molder in 2018, and it features four ovens that can simultaneously accommodate the production of four different goods. In addition to this, the technology facilitates a more seamless transition between different design iterations and provides increased control over the production process.
- These kinds of improvements are anticipated to become more prevalent in light of the anticipated rise in the need across a variety of sectors for a wide range of plastic component designs, for the sake of both functionality and marketing.
- Additionally, manufacturers are placing increased emphasis on both the development of solutions that aid in the major decrease of mold change time as well as enhancing the compactness of the machines themselves.
Stretch blow molding machine Market Scope
|Revenue forecast in 2029
|USD 2801 million
|CAGR of 3.84 % during 2019-2029
|Type, End-User, Application, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Blow Enterprises, Jagmohan Pla-Mach Pvt. Ltd., (ChiaMing) Ltd., Jomar Corporation, Polymech Plast Machines Ltd., Sumitomo Heavy Industries, Golfang Mfg. & Development Co., Chia Ming Machinery Co., Jiangsu Victor Machinery Co. Ltd., and The Japan Steel Works
Key segments in ‘Global Stretch Blow Molding Machine Market’
By Type (USD Million)
- Single Step
- Multi Step
By End-User (USD Million)
- Large Enterprises
By Application (USD Million)
By region (USD Million)
- The UK
- The UK
- South Korea