Blow Molding Machine Market By Type (Extrusion Blow Molding, Injection Blow Molding, Injection Stretch Blow Molding), By Raw Material (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Others), By Application (Packaging, Automotive, Construction, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global blow molding machines market was valued at $4,654.5 million in 2020, and is projected to reach $6,878.6 million by 2030, registering a CAGR of 3.8% from 2021 to 2030. Blow molding machine is an industrial machine that is used for making hollow plastic products by blowing compressed air into the preform. Products or components that are made using this machine include bottles, plastic tubes, and containers for the use in pharmaceutical industry, automotive, and other industry or by consumers directly.
Blow molding machines are available in different sizes, capacities, and type, thereby making it usable in many industries. Furthermore, blow molding machine are best when it comes to achieving economies of scale for producing plastic blow molded products, as other similar technologies are only suited for mid-level production.
The growth of automotive industry surged the demand for blow molding machines, as they are extensively used for manufacturing automotive products, such as brake fluid reservoirs and other storage solutions. In addition, the automation offered by the blow molding machines leads to reduced labor cost and increased machine productivity, which is instrumental in driving the growth of blow molding machine market. However, high installation cost and availability of substitute technology hinder to the market growth. Furthermore, blow molding machines come in compact sizes and reduces wastage, owing to advancement in technology. This provides lucrative opportunities for the growth of the market.
The global blow molding machine market is segmented on the basis of type, , raw material, application and region. By type, the market is segregated into injection blow molding, extrusion blow molding, and injection stretch blow molding. On the basis on raw material, the market is categorized into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) polyethylene terephthalate (PET), and others. According to application, market is classified into packaging, automotive, construction, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players that operate in the global market have adopted key strategies, such as product launch to strengthen their market outreach and sustain the stiff competition in the market
COMPETITION ANALYSIS
The key companies profiled in the blow molding machines market report include Blow Enterprises, Chia Ming Machinery Co., (Chia Ming) Ltd, Golfang Mfg. & Development Co., Ltd., Jagmohan Pla-Mach Pvt. Ltd., Jiangsu Victor Machinery Co., Ltd., Jomar Corporation, Nissei Asb Machine Co., Ltd., Polymechplast Machines Ltd., Sumitomo Heavy Industries, Ltd., and The Japan Steel Works, Ltd.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging blow molding machines market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
Extensive analysis of the blow molding machines market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global blow molding machines market forecast analysis from 2021 to 2030 is included in the report.
Key market players within blow molding machine markets are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the blow molding machines industry.
Key Market Segments
By Type
Extrusion Blow Molding
Injection Blow Molding
Injection Stretch Blow Molding
By Raw Material
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Others
By Application
Packaging
Automotive
Construction
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Indonesia
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Blow Enterprises
Chia Ming Machinery Co
Golfang Mfg. & Development Co., Ltd.
Jagmohan Pla-Mach Pvt. Ltd.
Jiangsu Victor Machinery Co., Ltd.
Jomar Corporation
Nissei ASB Machine Co. Ltd.
Polymechplast Machines Ltd.
Sumitomo Heavy Industries, Ltd.
The Japan Steel Works, Ltd.
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