Blow Molding Machinery Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, China, Germany, India, UK - Size and Forecast 2024-2028

Blow Molding Machinery Market Size 2024-2028 

The blow molding machinery market size is forecast to increase by USD 1.07 billion and is estimated to grow at a CAGR of 4.5% between 2023 and 2028. The e-commerce industry's exponential growth has significantly increased the demand for efficient and durable packaging solutions. Rigid plastics, with their robustness and versatility, have emerged as a preferred choice for e-commerce packaging. The food packaging industry is another major contributor to this trend, as rigid plastics offer superior protection against damage during transportation and storage. Additionally, the growing demand for convenience and sustainability in packaging has further boosted the use of rigid plastics. These factors collectively contribute to the increasing importance of rigid plastic packaging in various industries, making it a key offering for businesses seeking reliable and cost-effective solutions.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The Market is witnessing significant growth due to the increasing demand for hollow plastic products, particularly in the production of plastic bottles for various beverages such as water, soft drinks, and juices. The market is driven by the consumer goods sector, where blow molding machinery is extensively used to produce containers for various applications, including shampoo bottles, hand soaps, sanitizers, and cleaning products. Compressed air is a crucial component in blow molding processes, and the market is expected to witness growth due to the rising demand for PET bottles in the packaging solutions industry. The pharmaceuticals sector is also a significant consumer of blow molding machinery for producing containers for various medicines and pharmaceutical products. The market is competitive, with key players focusing on cost-effective packaging solutions, brand differentiation, and aesthetically pleasing packaging to cater to consumer preferences. Innovative packaging and sustainable practices are also gaining importance in the market, with eco-friendly packaging solutions becoming increasingly popular. Technologies such as injection-stretch blow molding and extrusion blow molding are being adopted to enhance production efficiency and reduce costs. Overall, the Market is expected to continue its growth trajectory in the coming years. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Growth of e-commerce industry is notably driving market growth. The market is witnessing significant growth due to the increasing demand for packaging solutions in various industries, particularly in consumer goods and pharmaceuticals. With the rise of e-commerce, the need for cost-effective, innovative, and eco-friendly packaging has become crucial for brand differentiation and consumer appeal.

Moreover, plastic manufacturers are focusing on advanced technologies such as tri-layer technology, full electric systems, and extrusion molding technology to produce high-quality packaging for household containers, jerry cans, and transportation applications.  PET, polyethylene, polyethylene terephthalate, polyvinyl chloride, and other polymers are widely used in the production of bottles for beverages like fruit juices, soups, sauces, water, and bottled water. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

Development of advanced plastic machinery is the key trend in the market. The market is witnessing significant growth due to the increasing demand for plastic containers in various industries. This technology is widely used in the production of hand soaps, sanitizers, cleaning products, and packaging solutions for beverages such as fruit juices, soups, sauces, water, and bottled water.

Moreover, plastic manufacturers are focusing on the development of advanced machinery using extrusion technology and tri-layer technology for transportation applications. In the packaging sector, there is a growing trend towards cost-effective, aesthetically pleasing, innovative, sustainable, eco-friendly, recyclable, and lightweight packaging. Thus, such trends will shape the growth of the market during the forecast period.

Major Market Challenge

Threat from refurbished machines is the major challenge that affects the growth of the market. Blow molding machinery is utilized extensively in the production of various consumer goods and industrial applications, such as hand soaps, sanitizers, cleaning products, transportation applications, and packaging solutions for industries like food and beverages, building & construction, electrical & electronics, pharmaceuticals, and consumer goods.

Moreover, PET, polyethylene, polyethylene terephthalate, polyvinyl chloride, and other polymers are commonly used in blow molding processes to create jerry cans, household containers, and bottles for products like fruit juices, soups, sauces, water, and bottled water. Extrusion molding technology, including tri-layer technology and full electric systems, is employed to manufacture high-quality, cost-effective packaging that offers brand differentiation, aesthetically pleasing designs, and innovative features. Hence, the above factors will impede the growth of the market during the forecast period.

Exculsive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Blow Enterprises: The company offers Blow Molding Machinery such as Accumulator, Single station machine, and multi cavity blow molding machine.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• BEKUM Maschinenfabriken GmbH
• British Plastics Federation
• Chia Ming Machinery Co Ltd.
• Golfang Mfg. and 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.
• Suma Plastic Machinery Co. Ltd.
• Sumitomo Heavy Industries Ltd.
• SuZhou Bestar Blow Molding Technology Co. Ltd.
• The Japan Steel Works Ltd.
• thyssenkrupp AG
• Universal Machinery and Services
• Zeel plast Machinery

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

By End-user 

The food packaging segment is estimated to witness significant growth during the forecast period. Blow molding machinery is a critical component in the production of various consumer and industrial products, including hand soaps, sanitizers, cleaning solutions, and packaging for beverages such as fruit juices, soups, sauces, water, and bottled water. 

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The food packaging segment was the largest segment and valued at USD 1.63 billion in 2018. The market for this technology is driven by the demand for plastic containers in transportation applications, particularly in the automotive industry, as well as in the building & construction, electrical & electronics industries, and the pharmaceuticals and consumer goods sectors. Extrusion blow molding technology, which uses the extrusion process to create hollow parts, is commonly used for producing containers from polymers like polyethylene (PE), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). Hence, such factors are fuelling the growth of this segment during the forecast period.

Regional Analysis

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Market caters to the production of hollow plastic products, including plastic bottles and tubes, for various industries such as food & beverages and pharmaceuticals. Compressed air is utilized in the process to inflate a parison, which is then shaped into desired containers like water bottles, soft drink bottles, wide mouth jars, and plastic cans. The packaging components produced through blow molding are essential for industries like food & beverages and pharmaceuticals, where the need for lightweight, compact, and strong containers is paramount. Injection blow molding and extrusion blow molding are popular techniques used in the production of these containers, with materials like Polyethylene (PE), Polypropylene (PP), Polyvinyl chloride (PVC), and Polyethylene terephthalate (PET) being commonly used. Hence, such factors are driving the market in North America during the forecast period.

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• End-user Outlook
  • Food packaging
  • Construction
  • Others
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview

Blow molding machinery is utilized for producing hollow plastic products, primarily focusing on the production of plastic bottles and tubes. Compressed air is essential in the blow molding process, inflating the parison, or preheated plastic material, to create the desired shape. The market caters to various industries, including food & beverages and pharmaceuticals, producing water bottles, soft drink bottles, wide mouth jars, plastic cans, and containers. The automotive sector and construction industry are significant consumers of large plastic products, such as fuel tanks and pipes. Injection blow molding and extrusion blow molding are the two primary techniques used in blow molding. Polyethylene (PE), Polypropylene (PP), Polyvinyl chloride (PVC), and Polyethylene terephthalate (PET) are common polymers used in blow molding. Compactness, quality, strength, and weight are essential factors in this machinery. Energy-efficient computer-based technologies and flexible packaging solutions are increasingly being adopted in the industry. Beverage machineries and capping machines are integral components of the blow molding process. Small businesses and waste management industries also benefit from this machinery, producing small plastic components for various applications. The market is expected to grow significantly due to the increasing demand for packaging materials and construction components.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies