Blow Molding Machine Market Forecast 2020 - Competitive Market analysis, Scope, Trend, Stake, Progress

According to a new report published by Allied Market Research, titled, " Blow Molding Machine Market by Application and Raw Material: Global Opportunity Analysis and Industry Forecast, 2019-2026,"

The global blow molding machine market size was valued at $4.8 billion in 2018, and is projected to reach $6.6 billion by 2026, growing at a CAGR of 3.8% from 2019 to 2026. In 2018, by application, the packaging segment accrued the largest share in the market. In addition, packaging is the substantial part of the ever-growing plastic industry. The plastic packaging materials utilized are polymers, and also their combinations. The utilization of variety of plastic materials is decided as per the shelf life of the product which is to be packed.

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The global blow molding machine market is analyzed by application, raw material, and region. Based on application, the market is segmented into packaging, automotive, construction, and others. The packaging segment accounted for nearly half of the global blow molding machine market share in 2018, and is anticipated to retain its dominance from 2019 to 2026.

The manufacturers of blow molding machine are focusing on business expansion and new product development as key strategies to increase their blow molding machine market shares. For instance, in July 2019, Meccanoplastica launched new MiPet Combi stretch blow molding solution.

Key market players analyzed in the research include Elegance Industries Jomar Corporation, GOLFANG Mfg. & Development Co., Ltd., Jagmohan Pla-Mach Pvt. Ltd., Jiangsu Victor Machinery Co., Ltd., Meccanoplastica S.R.L, Chia Ming Machinery Co., Ltd., Parker Plastic Machinery Co., Ltd., Kautex Maschinenbau GmbH, and Polymechplast Machines Ltd.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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