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Global Blow Molding Machine Market is Expected to Reach $6.6 Billion by 2026, Growing at a CAGR of 3.8%
Blow Molding Machine Market
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The manufacturers of blow molding machines 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 a new MiPet Combi stretch blow molding solution. The new product integrates filler, blower, and capping machines. In addition, it only uses 30% of the occupied space and eliminates the inconvenience of air transport.
Currently, by raw material, in 2018, the polyethylene (PE) segment garnered significant market share. The key vendors as well as local players have introduced injection stretch blow molding machines to the market. For instance, a German-based Merck KGa A offers an injection stretch blows molding machine with features such as an extremely advanced technology heating system, servo motor-controlled transfer, and variable pitch system. In addition, these machines are widely used across various end-user industries such as automotive, healthcare, and others
In terms of region, Europe and Asia-Pacific collectively contributed around 78.3% of shares in the global market in 2018.
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The key players profiled in the market report include Chia Ming Machinery Co., Ltd., Elegance Industries, GOLFANG Mfg. & Development Co., Ltd., Jagmohan Pla-Mach Pvt. Ltd., Jiangsu Victor Machinery Co., Ltd., Jomar Corporation, Kautex Maschinenbau GmbH, Meccanoplastica S.R.L, Parker Plastic Machinery Co., Ltd., and Polymechplast Machines Ltd.
Global Blow Molding Machine Market Segments:
By Application
Packaging
Automotive
Construction
Others
By Raw Material
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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