Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.39 Billion | USD 3.63 Billion | 4.3% | 2023 |
The global Bottle Blowing Machine Market size was worth around USD 2.39 Billion in 2023 and is predicted to grow to around USD 3.63 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.3% between 2024 and 2032.
The report offers valuation and analysis of the Bottle Blowing Machine market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2018 to 2023 along with a forecast from 2024 to 2032 based on value (USD Billion).
Bottle blowing machine is used for producing high quality & high clarity bottles. These bottles are used for storing juices, carbonated drinks, and water. Moreover, the equipment finds massive usage in cosmetics, pharma, and food & beverage sectors. These equipment help in obtaining various bottle shapes.
Bottle blowing machine market is fully into the era of automation, as the downstream market transformation and upgrading along with the labor cost is higher. Automation, integration of bottle blowing machines became the first selection of various manufacturers. The bottle blowing machine market is driven by a comprise the requirement to curtail costs, expansion and improved usage of shifting commodity cost, increased competition from the other key players, and strength of private label brands in the bottle blowing machine market globally. Production of huge uncontrollable waste is the major restraint of the market. Opportunities faced by the bottle blowing market are a combination of plastic recycling which is an efficient and environmentally friendly practice. And manufacturers are now focusing on incorporating new technologies.
Massive customer preference for bottled water is likely to pave a way for the growth of bottle blowing machine market over the years ahead. Need for curtailing the costs and shifting of commodity cost will boost the business trends. In addition to this, cut throat competition among the key participants and entry of new players into the business will create new growth avenues for the industry during the assessment period. Escalating product demand across construction, automotive, and packaging sectors in countries such as South Africa, Russia, India, China, and Brazil will propel the expansion of bottle blowing machine industry over the ensuing years.
Furthermore, blending of plastic recycling & bottle blowing equipment as an eco-friendly business practice has gained momentum across various manufacturing industries. This, in turn, will help the bottle blowing machine market acquire momentous growth over the assessment period. High precision and low costs have further contributed to the industry expansion in recent years.
There has been a trend towards lightweighting in the packaging industry to reduce material usage and transportation costs. The industry has witnessed and increase in the use of innovative materials, including bio-based and recycled plastics, contributing to sustainable packaging practices. PET (polyethylene terephthalate) bottles are widely used for packaging drinking water due to their lightweight, durability, and recyclability. As the consumption of bottled water grows, there is a corresponding increase in the demand for PET bottles, boosting the market for bottle blowing machines. Bottle blowing machines are continually evolving to increase production speeds and overall productivity. Faster cycle times and higher output capacities are crucial for meeting the demands of high-volume production environments.
In emerging markets, the demand for bottle blowing machines is growing, propelled by rising consumption of packaged beverages, personal care products, and pharmaceuticals. Manufacturers have expanded their presence in these regions to capitalize on market opportunities.
The proliferation of bottle blowing machine industry in the sub-continent over the anticipated timeframe is credited to massive investments of capital made by the European firms in the Asian countries. Citing an instance, China imported large number of plastic bottles in 2017 from European countries and is predicted to be the largest plastic bottle purchaser from Europe even in the coming years.
Report Attributes | Report Details |
---|---|
Report Name | Bottle Blowing Machine Market |
Market Size in 2023 | USD 2.39 Billion |
Market Forecast in 2032 | USD 3.63 Billion |
Growth Rate | CAGR of 4.3% |
Number of Pages | 110 |
Key Companies Covered | Aoki Technical Laboratory Inc, Nissei ASB Machine Co Ltd, KHS GmbH, Sacmi Imola S.C, Sidel, Krones AG, Plastic & Mould Industry Co. Ltd, Zhejiang East Zhouqiang Chumpower Machinery Corp, Guangzhou Tech-Long Packaging Machinery Co Ltd, and SMI S.p.A |
Segments Covered | By technology type, By functionality, By end-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key participants profiled in the study include-
By technology type:
By functionality:
By end-user:
FrequentlyAsked Questions
Massive customer preference for bottled water is likely to pave a way for the growth of bottle blowing machine market over the years ahead. Need for curtailing the costs and shifting of commodity cost will boost the business trends. In addition to this, cut throat competition among the key participants and entry of new players into the business will create new growth avenues for the industry during the assessment period. Escalating product demand across construction, automotive, and packaging sectors in countries such as South Africa, Russia, India, China, and Brazil will propel the expansion of bottle blowing machine industry over the ensuing years.
The global Bottle Blowing Machine Market size was worth around USD 2.39 Billion in 2023 and is predicted to grow to around USD 3.63 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.3% between 2024 and 2032.
Asia Pacific is likely to make noteworthy contributions towards overall market revenue during forecast timeframe. The regional market growth over 2024-202 can be credited to massive investments of capital made by the European firms in the Asian countries. Citing an instance, China imported large number of plastic bottles in 2017 from European countries and is predicted to be the largest plastic bottle purchaser from Europe even in the coming years.
The key players profiled in the report include Aoki Technical Laboratory, Inc.; Nissei ASB Machine Co., Ltd.; KHS GmbH; Sacmi Imola S.C.; Sidel; Krones AG; Plastic & Mould Industry Co. Ltd.; Zhejiang East Zhouqiang Chumpower Machinery Corp.; Guangzhou Tech-Long Packaging Machinery Co., Ltd.;and SMI S.p.A.
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