Press release
Bottle Blowing Machine Market: Projection of Each Major Segment over the Forecast Period
Injection blowing machine leads by technology type
On the basis of technology type, the global bottle blowing machine market is segmented into extrusion blowing machine, injection blowing machine, and injection stretch blowing machine. Injection blowing machine segment accounted for the largest market share of 43% in 2016 among the technology type segment, owing to widespread adoption of the injection blowing technology in developed countries.
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Injection stretch blowing technology, which is specifically used in production of PET bottles, it represents a passively growing segment. This segment is expected to witness a sluggish CAGR of 3.4% during 2017-2025. Extrusion blowing technology segment covered over 27% market share in 2017 and will reportedly expand at a declining CAGR of 2.5% over the forecast period.
Based on machine type, the global bottle blowing machine market is classified as automatic and semi-automatic machine. Automatic machine segment, CAGR of 3.2 % during 2017-2025. On flipside, semi-automatic machine segment is expected to expand at a much lower CAGR of 2.3% over the assessment period, with a ceasing market value share over the time. This decline is attributed to the inconvenience associated with operation of this machine, as it compels manual control.
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According to material type, the global bottle blowing machine market is categorized into polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), and others. Polyethylene terephthalate (PET) segment is estimated to account for the largest market share in this segment, owing to superior properties of polyethylene terephthalate (PET) such as flexibility, durability, and reliability. This segment registered a major market value share of over 57% in 2017.
In terms of end-use industry, global bottle blowing machine market is segmented into key industries that the bottle blowing machine companies serve - food & beverages, pharmaceuticals, cosmetics & personal care, household, and others. Among these end-use domains, food & beverage industry registered a share of 59.6 % in terms of value in 2017. Pharmaceutical industry is expected to expand at the CAGR of 2.7% through to 2025.
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Geographically, the global bottle blowing machine market is segmented geographically into 5 key regions including North America, Latin America, Asia Pacific (APAC), Europe, and Middle East & Africa (MEA). North America and Europe, together account for nearly 50% of market share in 2017. This factor increases the demand of bottle blowing machines globally. Latin American market for bottle blowing machine is expected to reach US$ 258.1 Mn in 2025, with a sluggish CAGR of 3.0% over 2017-2025.
Asia Pacific is expected to expand at the CAGR of 4.6% during 2017-2025 due to increasing investment of European companies in Asia Pacific region. According to the global bottle blowing machine market report, China was the largest importer of plastic bottles in 2017 and will possibly retain the top importer position in near future as well. In Middle Eastern & African region, manufacturers are majorly importing packaging machineries from Europe, Asia Pacific, and North America.
The report provides detailed competitive analysis that includes detailed company profiles of key participants operating in the global bottle blowing machine market. Some of the leading players are Krones AG, Sacmi Imola S.C, Nissei ASB Machine Co., Ltd., Chumpower Machinery Corp, Aoki Technical Laboratory, Inc., KHS GmbH, Sidel, Guangzhou Tech-Long Packaging Machinery Co., Ltd, SMI S.p.A., and Zhejiang East Zhouqiang Plastic & Mould Industry Co. Ltd. Etc.
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