Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 763.59 Million | USD 1,076.53 Million | CAGR at 3.89% | 2023 |
According to the report published by Zion Market Research, the global PET Blow Moulder Market size was valued at USD 763.59 Million in 2023 and is predicted to reach USD 1,076.53 Million by the end of 2032. The market is expected to grow with a CAGR of 3.89% during the forecast period. The report analyzes the global PET Blow Moulder Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the PET Blow Moulder Market industry.
Blow moulding is a process that involves inflation of a hollow, hot, thermoplastic parison or preform within a closed mold, so that its shape adapts the form of the mold cavity. This process is generally used to manufacture plastic and glass bottles apart from other food containers. The popularity of the global PET blow moulder market is due to the growing consumption rates of packaged foods and beverages across the world. Thus, the food and beverage industry is increasing its use of PET blow moulders to meet this growing demand.
The major growth drivers in the global PET blow moulder market are the rising number of bottled consumer products and significant developments in the packaging industry. Increasing demand for convenient food packaging and the rise in the consumers’ beverage consumption rates are anticipated to fuel the growth of the market for PET blow moulder. Injection blow moulding machines are expected to gain popularity in the upcoming years, due to their beneficial characteristics, such as faster rate of moulding with less labor needs and less scraps.
Increase in the taxes levied and strict governmental policies for banning plastic bags are some factors that might hamper the expansion of the global market for PET blow moulder.
The global PET blow moulder market can be divided based on machine type, technology, and end-users.
On the basis of machine type, the market for PET blow moulder can be segmented into automatic, semi-automatic, and manual.
Based on technology, the PET blow moulder market can be classified into stretch blow moulding machine, injection blow moulding machine, and extrusion blow moulding machine.
On the basis of end-users, the market for PET blow moulder can be fragmented into personal care, pharmaceuticals, and food and beverages, among others. The food and beverage segment is expected to dominate the PET blow moulder market, due to the rise in the consumption of packaged foods and beverages.
Report Attributes | Report Details |
---|---|
Report Name | PET Blow Moulder Market Research Report |
Market Size in 2023 | USD 763.59 Million |
Market Forecast in 2032 | USD 1,076.53 Million |
Growth Rate | CAGR of 3.89% |
Number of Pages | 201 |
Key Companies Covered | ASB International, Aoki Technical Laboratory, Milacron Holdings, R&B Plastics Machinery, Guangzhou Tech-Long Packaging Machinery, Sacmi Imola, Zhejiang Huangyan Lingma Plastic Machinery, W. Amsler Equipment, KENPLAS Industry, SMI, Nissei ASB Machine, SMF Germany, Sidel, Quinko Fujian Machinery Industrial, Sipa, Jomar Group, Bekum America Corporation, KHS GmbH, Pet All Manufacturing, and Krones AG, among several others. |
Segments Covered | By machine type, By technology, By end-users 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 |
Global PET Blow Moulder Market: Regional Analysis
Based on regions, the global market for PET blow moulder can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The North American region is anticipated to dominate the global market for PET blow moulder in the upcoming years. This is due to the growing consumption rate of canned foods and beverages across the region. In Asia Pacific region, in the developing countries, like India and China, expansion of the personal care and pharmaceutical industries is fuelling the demand for PET blow moulder market. Thus, this region is projected to hold a substantial share in this market in future.
Global PET Blow Moulder Market: Competitive Players
The key market players of the global market for PET blow moulder include:
By machine type
By technology
By end-users
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