Overview:
The bottle blowing machines market largely driven by the growing inclination of consumers towards bottled water worldwide. In 2017, the bottle blowing machine market was valued at US$ 2.04 Bn in 2017 and projected to grow at a CAGR of 4.7% during the forecast period from 2018 to 2026. Bottle blowing machine is a mechanical equipment used to manufacture plastic bottles and containers. It is a blow molding technology which is best suited for producing plastic containers into hollow containers with uniform wall thickness. In the bottle blowing process, the preforms are been heated and then are fed into a blow mold where compressed are used for inflating and forming them into finished and whole containers.
Growing demand for sophisticated bottling solutions expected to augment the growth of the market at a significant rate. Rising need for producing low cost and high quality bottles is facilitating the growth of bottle blowing machine market across the globe. Bottle blowing machines that can deliver maximum flexibility, greater cost efficiency, and higher accuracy are in great demand from several end-use verticals. Such machines will significantly offset the rising cost of production.
Tremendous amount of waste produced through plastic is compelling government to restrict the production and sale of plastic bottles in some geographies, which may restrict the market growth. Moreover, opposition from the environmental protection agencies is another major factor expected to restrain the growth of bottle blowing machine market. Further, the market may also witness growing inclination of manufacturers’ towards bio-based products or flexible packaging.
"Extrusion Blowing Machines Led the Market in 2017"
The bottle blowing machines market, based on the technology type was led by extrusion blowing machines in 2017. In terms of value contribution, the segment accounted for 39.14% of market share in the same year. Extrusion blowing machines are comparatively cheaper than the other counterparts and hence utilized in bulk manufacturing of bottles and packaging products. These machines can be used to process many different polymers including polyethylene, polyethylene terephthalate, polyvinyl chloride, polypropylene, high density polyethylene, etc.
"Automatic Machine Expected to Grow at a Significant Rate during the Forecast Period from 2018 to 2026"
The global bottle blowing machine market, based on machine type was led by semi-automatic machines in 2017. In terms of value contribution, the segment accounted for 53.24% in the same year. However, a paradigm shift from semi-automatic to automatic machines is observed due to which several manufacturers are now opting for automatic blowing machines at an increasing rate. Automatic blowing machines have enhanced features that eliminates the errors caused due to human errors. These machines offer fully automatic process with high efficiency, safe and quick operation, ease in maintenance, trouble shooting, etc. As a result, on account of the features and benefits offered by the automatic machines, the segment expected to grow at a significant rate during the forecast period from 2018 to 2026.
"Food & Beverages Industry to Augment the Growth of Bottle Blowing Machines Market"
Food & beverages industry accounted for majority of market share in 2017. In terms of value, food & beverage industry accounted a market share of 33.21% in 2017. The growing food & beverages industry is a major driving factor for the bottle blowing machine market. Change in lifestyle coupled with rising demand for packaged food are estimated to facilitate the market growth. Moreover, rising demand for packaged drinking juices, water, and milk is also witnessing a rapid growth leading to the greater demand for sophisticated bottling solutions.
"Asia Pacific Likely to outpace all Other Regions during the Forecast Period from 2018 to 2026"
In 2017, Asia Pacific held largest share in bottle blowing machine market and expected to reign during the forecast period from 2018 to 2026. The segment accounted for 49.93% of market in the same year. The growth of this region is mainly attributed to the promising economic condition and rise of several domestic manufacturers having thorough technological capabilities at lower costs as compared to the well-established economies in North America and Europe. This have assisted in the development of the region over the past few years. Moreover, China being one of the major manufacturing hub has witnessed an excellent growth in the end-use sectors and has backed the growth of Asia Pacific, thereby supporting the regional market growth.
Competitive Insights
The bottle blowing machine market is highly fragmented with the presence of both regional as well as international industry players. In order to serve the market in a better way, the market players are mainly focusing on finding out new avenues in order to reduce wastage of plastic and adopting several recycling methods. The market players are focused on adopting several strategies including collaborations, partnerships, investments, new product developments, and mergers & acquisitions.
For instance, in June 2018, Niagara Bottling LLC, one of the industry-leading private bottled water supplier upgraded its Salt Lake City facility with Sidel’s complete PET line. Sidel PET line features two super combos equipped with the compact and innovative ground-level preform feeder. The investment has helped Niagara Bottling to significantly increase its productivity with an efficient, high-speed manufacturing and high availability rates of the line.
Some of the prominent players profiled in the bottle blowing machine market include Aoki Technical Laboratory, Inc., Chumpower Machinery Corp., KHS GmbH, Nissei ASB Company, Sacmi Imola S.C., Sidel, SMI S.p.A., Krones AG, Tech-Long Packaging Machinery Co. Ltd., Zheinjang East Zhouqiang Plastic & Mould Industry Co., Ltd., BEKUM, and Jomar Corp. among others
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bottle Blowing Machines market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Technology
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Functionality
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End-use Vertical
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
