North America PET Blow Molder Market is projected to reach US$ 57.3 Million by 2026 With rising Demand

The North America PET blow moulder market is expected to grow at a significant rate during the forecast period. PET (polyethylene terephthalate) is a thermoplastic polymer that is widely used in the production of packaging materials such as bottles and jars. Blow moulding is a manufacturing process that is used to produce hollow containers, such as bottles and jars, by blowing air into a heated preform. The North America PET blow moulder market is driven by the increasing demand for packaged food and beverages, as well as the growing popularity of eco-friendly packaging materials.

The North America PET blow moulder market is segmented on the basis of application, product, and region. On the basis of application, the market is segmented into food and beverages, pharmaceuticals, personal care, and others. The food and beverages segment is expected to dominate the market during the forecast period, due to the increasing demand for packaged food and beverages. On the basis of product, the market is segmented into machines and molds. The machines segment is expected to dominate the market during the forecast period, due to the increasing demand for blow moulding machines.

The North America PET blow moulder market is segmented on the basis of region into the United States, Canada, and Mexico. The United States is expected to dominate the market during the forecast period, due to the presence of a large number of manufacturers of PET blow moulding machines in the country.

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In conclusion, the North America PET blow moulder market is expected to grow at a significant rate during the forecast period, due to the increasing demand for packaged food and beverages, as well as the growing popularity of eco-friendly packaging materials. The market is segmented on the basis of application, product, and region. The food and beverages segment is expected to dominate the market during the forecast period, and the United States is expected to dominate the market during the forecast period, due to the presence of a large number of manufacturers of PET blow moulding machines in the country. Major players operating in the market are focusing on strategic partnerships and collaborations to expand their market presence and increase their share in the market.

The global PET blow moulder market sales are forecast to grow at 5.4 % CAGR for the forecast period of 2021-2031. In recent years PET blow moulding machines are seen as cost effective machine with high production capabilities, making them extremely popular among PET bottle manufacturers.

With advancement in PET blow moulding machines, the transportation and recycling cost of glass bottles reduced drastically further promoting the adoption of machines leading to market growth. Demand for spill proof and safe packaging solutions especially in pharmaceutical industry is one of the growth drivers, evaluated by ESOMAR-certified consulting firm Future Market Insights.

According to the report published by PepsiCo India, the rising popularity of bottled water will increase per capita bottle to 84/bottles per person. Rising population and growing income of middle class have a positive impact on market growth. The usage of PET bottles in diary and pharmaceutical industries will provide a lucrative opportunity for market expansion.

"Contracting environmental resources are pushing the companies toward creating innovative products offering high efficiency and minimum wastage. They are also investing in automation technologies and sustainable packaging solutions to cater the surging demands," remarks the FMI analyst.

Key Takeaways

Exponential demand of bottled beverages and presence of global PET blow moulder manufacturers in the U.S. will amplify the market demand
PET blow moulder market in China is forecast to expand at 7.4 % CAGR during 2021-2031. The growth can be attributed to heightened trading activities and growing production plants
Augmented sales of PET bottles in Germany and Italy has created conducive environment for market expansion in Europe
Proclivity of Beverage manufacturers & dairy products manufacturing industries in India towards spill proof PET bottles will provide lucrative opportunity for market expansion.
Rapid urbanization and growing disposable income in emerging economies will propel the market growth.
Prominent Drivers

Surging necessity of convenient packaging solutions among plastic bottle manufacturers is a primary market growth driver.
Growing consumption of beverages and products with exceptional packaging is expected to boost the market demand.
Inclination of younger population towards bottled food products is driving the plastic bottle market as well as PET blow moulder machines market.
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Key Restraints

High installation and early tooling cost of PET blow moulder machines causing stagnant the market growth.
Rapid development in low waste producing substitute machines and manufacturing operation restricts the market growth.
strict policies regarding ban of plastic bags hampers the market growth.
Competitive Landscape

Leading players profiled by FMI operating in PET blow moulder market include Pet All Manufacturing Inc., R&B PlasticsMachinery, LLC, Nissei asb company, Jomar Corporation, Tech-Long Inc., KHS GmbH, FlexBlow, KENPLAS Industry Ltd., SIPA North America, Inc., Sidel, Custom-Pak Inc., Sacmi Imola, Krones AG, Meccanoplastica Group among others.

According to the study by FMI, development of energy efficient and integrated machinery products for PET blow moulding is key area of focus among market players owing to rising demand of low cost machines from small scale manufacturers. Global market leaders are emphasizing on developing minimum waste generating machines in order to increase output for large PET bottle manufacturers.

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More Insights on FMI's PET blow moulder Market

The latest market study on global PET blow moulder market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of machine (Automatic PET blow moulder market, Semi Automatic PET blow moulder market, Manual PET blow moulder market), Technology (Extrusion, injection, stretch), end-use (food industry, pharmaceuticals, personal care), and across major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East & Africa).

North America PET Blow Molder Market by Category

By Machine Type :

Extrusion Blow Molding Machine
Injection Blow Molding Machine
Stretch Blow Molding Machine
By Technology Type :

Manual
Automatic
Semi-Automatic
By End Use :

Food & Beverage
Pharmaceuticals
Personal Care
Others
By Country :

U.S.
Canada

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

This release was published on openPR.