Press release
Global Bottle Blowing Machine Market Size, Share - Industry Trend and Forecast 2016 - 2024
Bottle Blowing Machine is a mechanical equipment used to manufacture bottles. Plastic packaging has been a trend in the global packaging market for a long time and recently witnessed innovation at large. A global need to produce high quality and low cost bottle is becoming a trend. The material used to manufacture bottle can be Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), and Polyvinyl Chloride (PVC) varying on the desired properties of bottle. However the Polyethylene Terephthalate (PET) has recorded the fastest growth in production as well as consumption amongst all other types of bottle materials. The dynamic changes in packaging industry is a prime factor in the advancement of bottle blowing machines leading to more sophisticated and efficient bottle blowing machine.
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Globally the bottling industry is witnessing dynamic growth primarily driven by the growing number of new consumers and increasing number of consumer products being bottled. The growing food and beverages industry is a major diving factor for the blowing machine market. Globally change in lifestyle as well as demand for the packaged food are estimated to benefit the blowing machine market. Demand for packaged drinking water, juices, milk products is witnessing rapid growth leading to the greater demand for sophisticated bottling solutions. Growing demand for alcoholic beverages is a major driving factor especially in developing countries where robust growth is forecasted.
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On the other hand the global bottle blowing machine market is facing restrain due to the stringent government laws and opposition from environmental protection agencies. The tremendous waste produced due to plastic is forcing governments to restrict the production and sale of bottle in some geographies which is a restraining factor for blowing machine market. Hence the bottle blowing machine manufacturers need to invest on new and efficient recycling technologies readily incorporated in the bottle blowing machine for sustainable growth of the bottle blowing machine industry.
The opportunities for market growth for bottle blowing machine market includes in business expansion in developing economies where growth as well as lenient laws will drive the growth. The incorporation of plastic recycling which is an efficient and environmental friendly practice will be an opportunity for bottle blowing machine manufactures to differentiate themselves in highly competitive bottle blowing machine market.
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The global bottle blowing machine market is segmented based upon technology, application and geography. On the basis of technology the global Bottle Blowing Machine market is segmented into Extrusion Blow Molding machine, injection blow molding and stretch blow molding machines. On the basis of application bottle blowing machine market is segmented into food and beverages, Pharmaceuticals, fertilizers and industrial packaging for various purposes.
By geography, the global bottle blowing machine market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America. The Europe is forecasted to be the largest producer of bottle blowing machine market. The strong demand in North America due to increasing packaged food and beverages consumption is forecasted to be a leading market for the bottle blowing machines. Strong demand and increasing new customer base in Asia Pacific region is forecasted to develop strong demand bottle blowing machine. The Rapidly devolving African countries are also considered to be a significant contributors for the growth in global bottle blowing machine market.
Some of the market participants in the global Bottle Blowing Machine market are Krones AG, Sidel, SMF Germany, Aoki Technical Laboratory, Inc., ASB International Pvt. Ltd., KHS GmbH, Sipa S.p.A., Bekum America Corporation, Jomar Group, Newamstar Packaging Machinery Co., Ltd., Dongguan Tongsheng Machinery Co., Ltd., Quinko Fujian Machinery Industrial Co., Ltd., Hongkong Tongsheng Group, Zhejiang ZIQIANG Machinery Co., LTD. and others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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