Blow moulding machines are used to create hollow plastic objects such as plastic bottles, tubes, and other items. These machines are used to form and/ or join plastic parts together. The process involves softening and heating of plastic. Other hollow items like glass bottles can also be manufactured using the blow moulding technique
Covid 19 Impact & Market Status
The new coronavirus has swiftly spread all over numerous nations and regions, impacting people's lives and the community as a whole. It began as a human health ailment and has then progressed into a key risk to worldwide trade, finances, and economics. Owing to the COVID-19 pandemic, numerous components of the blow moulding machine industry were suspended due to lockdown. Various businesses in the end user sector originally curtailed their spending on new moulding machinery as a result of the economic recession. Additionally, once the coronavirus vaccine is released into the market, the sum of COVID-19 cases is projected to decrease in the future. This has resulted in the full-scale reopening of blow moulding equipment manufacturing enterprises. In 2022, this is predicted to aid the market's retrieval. Manufacturers of blow moulding machines must concentrate on keeping safe of their workforces, operations, and supply networks to respond to direct problems and build new employed procedures during a pandemic.
The packaging segment is accounted for highest market share
Due to the rising demand for packaging items brought on by the high level of consumption in emerging nations, the packaging industry is predicted to increase at the quickest rate. Plastic packing materials are made of polymers and their mixtures. The market for plastic compounds like PE and PET will continue to grow due to the expansion of the packaging sector.
North American region is dominated the market
All through the forecast period, North America is projected to be a highly profitable area of the universal blow moulding machine market. The majority of blow moulding machine manufacturers in North America are heavily involved in the launch of new product lines for the global plastic machinery industry.
In 2021, the United States conquered the North American moulding machine market. During the predicted period, it is likely to maintain its supremacy. In terms of CAGR, the United States is likely to be a very profitable nation in the North American blow moulding machine market over the estimation period. The United States is also a big user of bottled water across the world.
Blow moulding process favours the manufacturers in multiple ways like if used properly, it delivers a high production rate, moulding of complex parts becomes easier, and reduced tool and die costs.
The moulding process begins with the injection of pressurised air through the parison, followed by the melting of the plastic. A parison is a tube that has one open end which allows the compressed air to pass through it. Once it is clamped with a mould, air is blown inside the parison which in turn pushes the parison to the extremes and lets it take the shape of the clamped mould. The whole assembly is then left to cool down and once the temperature drops, the mould is opened and the hardened part (plastic object) is taken out.
The materials that do not lose their properties or degrade upon heating are used during the process of blow moulding; the process is expansively used in the production and manufacturing of plastic bottles of numerous shapes and sizes. However, in the recent times, the blow moulding process has seen a rapid expansion and market growth; the consumer goods, construction and transport industries are making concrete use of this highly efficient and economic process. These industries make extensive use of materials like polyamides and polycarbonates. Other raw materials used in the blow moulding machine market/ industry include polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polycarbonate, copolyester, and acrylonitrile butadiene styrene.
The packaging sector has seen recent expansion as a result of a surge in businesses that produce packaged goods, such as the food and beverage and pharmaceutical industries. Market producers of bottles, tubes, and other packaging parts will need more stretch moulding equipment as a result of this. As a result, the blow moulding machine market is expected to increase. Furthermore, the availability of a variety of blow moulding machines in varied capacities allows it to be used in the manufacturing of both tiny and big plastic items. As a result, blow moulding machines are widely utilised to produce items with capacities ranging from a few millilitres to thousands of litres. The use of sophisticated technology allows the blow moulding process to be more energy efficient while also reducing raw material waste.
From 2022 to 2029, the global blow moulding machine market is expected to grow at a CAGR of 3.8 percent, from USD 4,554.6 Million in 2022 to USD 6,888.6 Million in 2029.
The key market players of the blow moulding machine market are Meccanoplastica, Nissei ASB Machine Co., Ltd, Krones AG, Guangzhou Tech-Long Packaging Machinery, Zhejiang Huangyan Lingma Plastic Machinery, KENPLAS Industry, W. Amsler Equipment, and Sacmi Imola S.C. These mentioned companies are currently the market leaders and are taking the complete industry forward at a good pace. The primary focus of these companies is to work on their production rate of high-performance and efficient stretch blow moulding machines and at the same time constantly evolves with the new and upcoming technologies in the industry. For reference Meccanoplastica, one of the leading companies launched a stretch blow moulding machine that brought together a blower, filler and capping machine which resulted in a compact machine design that saved about 30% of the earlier occupied space.
Stretch Blow Moulding Machine Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 6,888.6 Million.|
|Growth Rate||CAGR of 3.8% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Meccanoplastica, Nissei ASB Machine Co., Ltd, Krones AG, Guangzhou Tech-Long Packaging Machinery, Zhejiang Huangyan Lingma Plastic Machinery, KENPLAS Industry, W. Amsler Equipment, Sacmi Imola S.C|
Key Segments of the Stretch Blow Moulding Machine Market
Type Overview, 2022-2029 (USD Million)
- Extrusion Blow Moulding
- Injection Blow Moulding
- Injection Stretch Blow Moulding
Application Overview, 2022-2029 (USD Million)
- Paint Stripper
Regional Overview, 2022-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East and South Africa