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The blow molding machinery market is projected to grow by USD 994.14 million with a CAGR of 4.21% during the forecast period 2021 to 2026.
This blow molding machinery market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the blow molding machinery market segmentation by end-user (food packaging, construction, and others) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The blow molding machinery market report also offers information on several market vendors, including BEKUM Maschinenfabriken GmbH, Blow Enterprises, British Plastics Federation, Chia-Ming Machinery Co Ltd., Golfang Mfg. & Development Co. Ltd., Jagmohan Pla-Mach Pvt. Ltd., Jiangsu Victor Machinery Co. Ltd, Jomar Corp., Meccanoplastica Srl, Nissei ASB Machine Co. Ltd., Parker Plastic Machinery Co. Ltd., Polymechplast Machines Ltd., Suzhou Bestar Blow Molding Technology Co. Ltd., The Japan Steel Works Ltd., ThyssenKrupp AG, Universal Machinery and Services, Zeel Plast Machinery, Suma Plastic Machinery Co. Ltd., and Sumitomo Heavy Industries Ltd. among others.
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The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the blow molding machinery market.
Key Blow Molding Machinery Market Driver
The growth of the e-commerce industry is one of the key factors driving the blow molding machinery market growth. With an increasing number of e-commerce companies, the need for packaging is on the rise, propelling the demand for packaging machinery. Moreover, micro-flute packaging is lightweight and has enhanced insulating properties, which are ideal for transit packaging. The ongoing proliferation of e-commerce and its impact on supply chain operations have reduced the speed and cycle time for order fulfillment and delivery. Such developments create demand for high-efficiency packaging materials, thus subsequently creating demand for blow molding machinery. Thus, such factors will drive the growth of the market during the forecast period.
Key Blow Molding Machinery Market Trend
The development of advanced plastic manufacturing machinery is one of the key blow molding machinery market trends fueling the market growth. Many important operations, such as temperature measurement, integration safety, and vibration analysis, can be monitored by incorporating condition-monitoring technology in plastic manufacturing machinery. Also, plastic maufacturing machinery vendors are developing advanced plastic manufacturing machinery by providing high-definition touchscreen displays for supervisory control and data acquisition and equipping plastic manufacturing machines with advanced design and simulation tools. Thus, the advancements in technology help manufacturers improve the quality and volumes of plastic production. Such factors will thus trend the growth of the market during the forecast period.
Key Blow Molding Machinery Market Challenge
Threat from refurbished machines is one of the key factors challenging the blow molding machinery market's growth. It has been observed that many Indian and Chinese manufacturers are eager to buy second-hand European textile machinery at discount prices. Asian companies are primarily looking for machines that are of no use in Europe and in the US but are readily available. These manufacturers benefit in various ways from this second-hand machinery. Moreover, the easy availability of these second-hand machines helps manufacturers remain competitive by making small investments. Such factors will thus hamper the growth of the market during the forecast period.
This blow molding machinery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global blow molding machinery market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the blow molding machinery market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the blow molding machinery market encompasses successful business strategies deployed by the key vendors. The blow molding machinery market is fragmented, and the vendors are deploying growth strategies such as innovation, price, operational costs, and product quality to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the blow molding machinery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the blow molding machinery market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rapidly evolving retail and food and beverage industries will facilitate the blow molding machinery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 hindered the growth of the regional market in 2020. However, vaccination drives conducted in the region led to the lifting of lockdowns and the resumption of industrial activities in food and beverage, automotive, e-commerce, construction, and other industries. Such factors will fuel the growth of the regional market during the forecast period.
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The blow molding machinery market share growth in the food packaging segment will be significant during the forecast period. The food packaging segment is expected to witness significant growth in terms of CAGR when compared to the construction and other segments in the global blow molding machinery market during the forecast period. This is due to a rise in the demand from end-user industries, such as food and beverage, due to the increased consumption of food products. The increased consumption of food requires plastic, metal, glass, and other packaging materials and, in turn, creates demand for blow molding machinery. Such factors are expected to increase the demand for blow molding machinery during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the blow molding machinery market size and actionable market insights on the post-COVID-19 impact on each segment.
Blow Molding Machinery Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.21% |
Market growth 2022-2026 |
$994.14 million |
Market structure |
Fragmented |
YoY growth (%) |
3.62 |
Regional analysis |
North America, APAC, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
BEKUM Maschinenfabriken GmbH, Blow Enterprises, British Plastics Federation, Chia-Ming Machinery Co Ltd., Golfang Mfg. & Development Co. Ltd., Jagmohan Pla-Mach Pvt. Ltd., Jiangsu Victor Machinery Co. Ltd, Jomar Corp., Meccanoplastica Srl, Nissei ASB Machine Co. Ltd., Parker Plastic Machinery Co. Ltd., Polymechplast Machines Ltd., SuZhou Bestar Blow Molding Technology Co. Ltd., The Japan Steel Works Ltd., thyssenkrupp AG, Universal Machinery and Services, Zeel Plast Machinery, Suma Plastic Machinery Co. Ltd., and Sumitomo Heavy Industries Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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