Bottle Blowing Machine Market Growth, Trends, Absolute Opportunity and Value Chain 2016 - 2024
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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.
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.
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.
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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.
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