North America PET Blow Molder Market is Anticipated to Grow a Valuation of USD 140.8 Million by 2033 | FMI

The 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐏𝐄𝐓 𝐛𝐥𝐨𝐰 𝐦𝐨𝐥𝐝𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 is projected to reach 𝐔𝐒𝐃 𝟓𝟎.𝟐 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 by 2023 and is poised to soar to an estimated total valuation of around 𝐔𝐒𝐃 𝟏𝟒𝟎.𝟖 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 by 2033. This growth is primarily driven by the burgeoning interest and insights surrounding the North America PET blow molder market. This trend is expected to open doors to new opportunities within the market, with a projected 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟎.𝟖𝟔% from 2023 to 2033.

The increasing consumption of soft drinks, non-alcoholic beverages, and alcoholic beverages has driven the demand for bottled products. This surge in demand has subsequently led to an increased need for PET blow molders, propelling market growth during the forecast period.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰
https://www.futuremarketinsights.com/report-sample#5245502d47422d3133313137

Many individuals are installing additional water capacities to meet their daily water requirements, resulting in a rising demand for PET bottles as this has contributed to the growing prevalence of PET blow molding across various economies.

Blow molding is a manufacturing process commonly used for producing glass and plastic bottles, among other food containers. Several key factors are expected to drive the growth of the PET blow molder market in the coming years. These factors include the increasing demand for convenient food packaging, a growing number of bottled consumer products, and advancements in the pharmaceutical and personal care industries.

Significant developments in the packaging industry are anticipated to create numerous opportunities for the polyethylene terephthalate (PET) blow molder market during the forecast period.

Certain challenges potentially hampering market growth are, taxes imposed on plastic products and stringent governmental policies aimed at banning plastic bags may pose obstacles during the specified period.

The PET blow molding process is economical for large manufacturers and large-scale production. It may not be viable for rural industrial areas due to low output expectations and the high maintenance and installation costs associated with these machines.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

• Based on end-use, pharmaceuticals are expected to dominate at market share of 57% by 2033.
• Based on technology type, automatic machines are likely to register a market share of 43.28% by 2033.
• The North America PET blow molder market expanded at 7.68% CAGR between 2018 and 2022.
• The United States is expected to hold a dominant share, accumulating a value of USD 100 million in 2023.
• Canada is predicted to experience significant growth, with a current valuation of USD 84 million and a projected value share of 14%.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐏𝐄𝐓 𝐁𝐥𝐨𝐰 𝐌𝐨𝐥𝐝𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

• 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: The growing emphasis on eco-friendly packaging, driven by environmental concerns and regulatory pressures, is a major factor boosting the demand for PET blow molding. PET is recyclable, making it a popular choice for manufacturers seeking sustainable packaging solutions.
• 𝐑𝐢𝐬𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐁𝐨𝐭𝐭𝐥𝐞𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬: The expanding bottled beverage market, including water, soft drinks, and juices, continues to fuel the demand for PET blow molding equipment. PET's lightweight, durability, and ability to preserve product integrity make it an ideal material for beverage packaging.
• 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐬 𝐢𝐧 𝐁𝐥𝐨𝐰 𝐌𝐨𝐥𝐝𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: Technological innovations in PET blow molding processes, such as improvements in machine automation and energy efficiency, are making PET blow molding more cost-effective and versatile, which is driving market growth.
• 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐄-𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐚𝐧𝐝 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: The rise in online shopping, especially in the food and beverage and consumer goods sectors, is increasing the demand for durable, tamper-proof, and lightweight packaging. PET blow molded products meet these needs, contributing to market growth.
• 𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐀𝐫𝐞𝐚𝐬: Beyond beverages, PET blow molding is increasingly being used in packaging for food, cosmetics, and household products. The versatility of PET allows it to be molded into various shapes and sizes, catering to a wide range of consumer products, thereby driving further market expansion.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The PET blow molder market's key manufacturers are working for manufacturing lightweight and sustainable PET containers. Key players in the PET blow moulder market are adopting expansion and mergers as major methods to increase their market share in a competitive environment.

• Milacron, a global leader in plastics technology and processing, will unveil the world's largest injection molding machine in September 2023. 20/20 Custom Molded Plastics, LLC of Holiday City, Ohio, is a long-time customer of a North American OEM that manufactures it.
• Milacron used its history with Ferromatik to present its eQ-Series 110 and eQ-Series 180 electric injection molding machines, as well as its MonoSandWich Technology, during the K 2022 trade show in Düsseldorf, Germany, in October 2022.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬-𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲!
https://www.futuremarketinsights.com/reports/pet-blow-moulder-market

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

PET ALL Manufacturing Inc.; R&B Plastics Machinery, LLC; Amsler Equipment Inc.; SIPA North America Inc.; Nissei ASB Company; Milacron Holdings Corporation; Sidel; Jomar Corporation; Custom-Pak Inc.; Tech-Long, Inc.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐏𝐄𝐓 𝐁𝐥𝐨𝐰 𝐌𝐨𝐥𝐝𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

𝐁𝐲 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐓𝐲𝐩𝐞:

• Extrusion
• Injection
• Stretch

𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐓𝐲𝐩𝐞:

• Manual
• Automatic
• Semi-Automatic

𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞:

• Food & Beverage
• Pharmaceuticals
• Personal Care
• Others

𝐁𝐲 𝐂𝐨𝐮𝐧𝐭𝐫𝐲:

• The United States
• Canada

𝐇𝐚𝐯𝐞 𝐚 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐃𝐨𝐦𝐚𝐢𝐧:

𝐁𝐎𝐏𝐄𝐓 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐅𝐢𝐥𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/bopet-films-market

𝐇𝐞𝐚𝐯𝐲 𝐃𝐮𝐭𝐲 𝐂𝐨𝐫𝐫𝐮𝐠𝐚𝐭𝐞𝐝 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/heavy-duty-corrugated-packaging-market

𝐔𝐕 𝐒𝐭𝐚𝐛𝐢𝐥𝐢𝐳𝐞𝐝 𝐅𝐢𝐥𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/uv-stabilized-films-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.