Global Blow Molding Machinery Market Size to reach USD 4,839.54 million by 2026 | Top Companies like - Bekum, Jsw Group, Milacron, Nissei Asb Machine, Jiangsu Victor Machinery Ltd.
Global Blow Molding Machinery Market is valued approximately at USD 4,839.54 million in 2019 and is anticipated to grow with a healthy growth rate of more than 3.71% over the forecast period 2020-2026. Low molding machines conduct manufacturing processes in which hollow plastic components are joined to form bottles and other commodities.
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The regional analysis of Blow Molding Machinery market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Over the coming years, the Asia Pacific region is projected to see significant growth in the blow molding machinery market owing to increasing trend of westernization, increasing disposable incomes and changing consumer food habits have fuelled demand for bottled beverages, particularly in developing countries like India and China. Additionally, hectic lifestyles have led customers around the country to choose soda and carbonated beverages. This, in effect, is likely to drive regional demand for packaging items.
This is also commonly used in industries like the automotive, medical, packaging, food & beverage, and others. Increasing demand for blow molding machines in the food & beverage industry to manufacture various packaging and processing components, including food & beverage containers, processing equipment components, conveyor system components, and others, is one of the major factors driving market growth.
However, environmental concerns associated with the blow molding machinery are expected to hamper the market growth. Low labor costs, bulk production and high demand for molded plastic products are driving growth in the industry.
Compared to other forming methods, blow molding is the most versatile technique.
The procedure involves melting plastic, and then allowing compressed air to move through the tube-like object with a hole at one end. Pressing the molten plastic to match the mold allows use of the air pressure. The market growth is primarily driven by growth in plastic industry. Additionally, surging demand from food and beverages packaging along with the increasing adoption of rigid plastics in packaging materials are other major factors which are fueling the growth of the market.
Major market player included in this report are:
o Jsw Group
o Nissei Asb Machine
o Parker Plastic Machinery
o Jomar Corporation
o Jiangsu Victor Machinery Ltd.
o British Plastics Federation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product Type of key players. The detailed segments and sub-segment of the market are explained below:
o Streamline Plastic
o Injection moulding
o Blow Moulding
o Food Packaging
o North America
o Asia Pacific
o Latin America
o Rest of the World
Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017, 2018
o Base year - 20198
o Forecast period - 2020 to 2026
Target Audience of the Blow Molding Machinery Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
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Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Global Blow Moulding Machinery Market, by Region, 2018-2026 (USD Billion)
1.2.2. Global Blow Moulding Machinery Market, by Type, 2018-2026 (USD Billion)
1.2.3. Global Blow Moulding Machinery Market, by Application, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Blow Moulding Machinery Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Blow Moulding Machinery Market Dynamics
3.1. Global Blow Moulding Machinery Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Blow Moulding Machinery Market: Industry Analysis
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