Global Blow Molding Machines Market Overview:
In the molding process, air pressure is used to inflate soft plastic into a mold cavity to produce one-piece hollow plastic parts with thin walls, such as bottles. The blow molding machine works on the basis of three processes named extrusion, injection, and stretch. These machines melt the materials to form the desired shape of the product. The growing use of blow molding machines to produce plastic bottles for food and beverage storage such as cold drink bottles, water bottles, and other food packaging purposes has driven market growth.
Growth Drivers
- Growing Demand for Blow Molding Machines in Plastic Industry
- Growth of e-commerce Industry
- Growing Demand For Rigid Plastics In Packaging Materials
Roadblocks
- Higher Cost of Blow Molding Machines
Opportunities
- Increasing Demand for Plastics in Packaging and Consumables Industries
- Use of 3D Printers in Plastic Blow Molding
Challenges
- Threat from Refurbished Machine
- Ecological Concerns and Volatile Raw Material Prices
Competitive Landscape:
Some of the key players profiled in the report are Sidel (France), Kautex (Germany), KHS GmbH (Germany), KOSME (Italy), Milacron (United States), AMET Packaging (United States), Nissei ASB Machine (Japan), Jonh-Huah (Taiwan), KAIMEI (Taiwan), Tongda Machinery (China), Qinchuan Machine (China), Parker Plastic Machinery Co. Ltd. (Taiwan), Zeel plast Machinery (India), Jomar Corporation (United States), Jiangsu Victor Machinery Co. Ltd. (China), The Meccanoplastica Group (Spain) and British Plastics Federation (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Chia Ming Machinery Co., Ltd (Taiwan), Polymechplast Machines Ltd. (India), Golfang Mfg. & Development Co. Ltd. (Taiwan), Elegance Industries (India) and BEIER Group (China). Analyst at AMA Research see United States, Taiwan, and China Manufacturers to retain maximum share of Global Blow Molding Machines market by 2027. Considering Market by Raw Materials, the sub-segment i.e. Polyethylene Terephthalate (PET) will boost the Blow Molding Machines market. Considering Market by Product, the sub-segment i.e. Plastic Products will boost the Blow Molding Machines market. Considering Market by Blow Molding Process, the sub-segment i.e. Extrusion Blow Molding [Intermittent, Continuous] will boost the Blow Molding Machines market.
Latest Market Insights:
In July 2019, Sidel Group completed the acquisition of Cognac Moules Emballages Plastiques (COMEP), a French producer and designer of molds for PET blow molding. This acquisition will strengthen Sidel's molds making and tooling capabilities.
In May 2019, ST BlowMoulding, a blow molding machine manufacturer entered into strategic partnership with AST Kunststoffverarbeitung GmbH as a multinational producer as well as with W. Müller GmbH as the supplier and specialist for multi-layer extrusion heads. and In February 2019, R&B Plastics Machinery LLC, a manufacturer of blow molding machinery, single-screw plastic extruders and extruder process screws and a machinery rebuilder formed a strategic partnership with Sika, a custom blow molding machine maker in Taiwan, and Seecor, a technology company based in South Africa, for the production of new fully electric, hybrid and hydraulic blow molding machines. The R&B Plastics Machinery will expand its portfolio of blow molding machinery for the consumer packaging, automotive and industrial markets.
What Can be Explored with the Blow Molding Machines Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Blow Molding Machines Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Blow Molding Machines
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Blow Molding Machines market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Blow Molding Machines market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Blow Molding Machine Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.