Bottle Blowing Machine Market: Demand for Automatic Bottle Blowing Machines Higher than Semi-Automatic Variants
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The research study is a holistic source of information and analysis that offers readers in-depth and accurate analysis on the key factors influencing the growth of this market. According to the research study, demand for bottle blowing machines will be impacted by a range of macroeconomic and industry-specific factors.
The research study has segmented the bottle blowing machine market on the basis of technology, machine, material, end-use industry, and region. By technology type, the key segments in the market include extrusion blowing machine, injection stretch blowing machine, and injection blowing machine. Among these, demand for injection blowing machine continues to be the highest, and this segment is likely to account for a leading revenue share of the market. According to the study, injection blowing machine segment accounted for a revenue share of over 40% in 2017. On the other hand, extrusion blowing technology is likely to witness a moderate CAGR growth, and lose slight revenue share during the assessment period.
According to the report, end-users are focusing on improving efficiency and deriving ease of use, which is likely to push demand for automatic bottle blowing machines over semi-automatic bottle blowing machines. The report projects demand for automatic variants to grow at 3.2% during the assessment period, whereas semi-automatic variants are likely to grow at 2.3% during the projection period.
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The research study also analyzes the market on the basis of material type. The key segments on the basis of material type include polyethylene, polyvinyl chloride (PVC), polyethylene terephthalate (PET), and others. Among these, polyethylene terephthalate (PET) is likely to hold the largest revenue share in the market, on account of its superior features over others. This segment is likely to account for a dominant revenue share of the market during the assessment period.
The key end-use industries in the bottle blowing machine market include food & beverages, household, pharmaceuticals, and cosmetics and personal care. Among these, the food & beverage industry accounts for roughly 60% revenue share of the market, whereas pharmaceutical industry is likely to grow at a sluggish CAGR during the projection period.
The research study profiles the key developments of some of the leading players in the bottle blowing machines market. According to the report, some of the leading players in the market include Nissei ASB Machine Co., Ltd., Krones AG, Sacmi Imola S.C, Chumpower Machinery Corp, KHS GmbH, Sidel, Aoki Technical Laboratory, Inc., Guangzhou Tech-Long Packaging Machinery Co., Ltd, SMI S.p.A., and Zhejiang East Zhouqiang Plastic & Mould Industry Co. Ltd.
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