Saturday, October 13, 2018
Bottle-blowing machines market: Global Industry Analysis, Market Share, Trends and Forecast |Credence Research
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According to a new market report published by Credence
Research, Inc., “Global Bottle
Blowing Machines Market (By Technology Type (Extrusion Blowing
Machine, Injection Blowing Machine, Injection Stretch Blowing Machine, and
Reheat and Blow Molding Machine), By Functionality (Automatic Machine and
Semi-automatic Machine), By End-use Vertical (Consumer Goods (Cosmetics &
Personal Care and Household), Food & Beverages, and Pharmaceuticals)) -
Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global
bottle blowing machines market expected to witness a growth of 4.7% CAGR during
the forecast period to reach US$ 3.07 Bn by 2026.
[Browse full report: “Bottle-blowing
machines market”]
[For a bigger picture try FREE sample of this report now!]
Product Insights
The global bottle blowing machines market estimated to
witness a significant growth in the coming years, expanding at a CAGR of 4.7%
during the forecast period from 2018 to 2026. Rising consumer preference
for bottled water across the globe is one of the major factor driving the market
growth. Blow molding is a low-pressure process and has flourished to fulfill
the demand for plastics bottles and containers. In the U.S. soft drink
industry, number of plastic containers went from zero in 1977 to 10 Bn
quantities in 1999. Even today, large amount of products are blown and expected
to increase in the years to come, driving the growth prospects of bottle
blowing machines market. Moreover, growing need for producing low cost
and high quality bottles is another prominent factor driving the growth
prospects for bottle blowing machines market. Furthermore, an
environmental-friendly and sustainable practice of plastic recycling likely to
offer lucrative opportunities to the global bottle blowing machines market
during the forecast period from 2018 to 2026.
The global bottle blowing machines market, based on
technology type was led by extrusion blowing machine technology. This
technology is mainly used in the bulk manufacturing of bottles and packaging
products. Based on the functionality, semi-automated machines dominated
the segment in 2017. Further, based on end-use vertical, food & beverages
industry accounted for major share in the market. Increased demand for
ready-to-drink beverages are the major contributor to the dominance of this
segment in the global market. Based on geography, Asia Pacific held the
largest market share for bottle blowing machines market in 2017.
Competitive Insights:
Major and established players identified in the global
bottle blowing machines 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.
The bottle blowing machines market appears to be fragmented
in nature with the presence of regional as well as international industry
players. As bottle blowing machines market is highly consumer centric, the
manufacturers need to adhere to the changing end-user requirements on a
constant basis. These players are focused on the adoption of several strategies
such as mergers and acquisitions, partnerships and new product developments in
order to serve the market as well as maintain their competitive edge over other
players.
For instance, in May 2018, Tech-Long Packaging Machinery Co.
Ltd. entered into a strategic partnership with another company in China, Unique
Injection Molding Systems for establishing joint efforts in the Americas and
Europe. The partnership was introduced by Tech-Long during NPE2018. At NPE2018
show, the two companies publicly demonstrated that the machines of Unique
Injection Molding Systems are sized in such a way that they match well with
Tech-Long’s blow molding machine. The partnership will result in offering a
complete packaging line from preforms to package filling.
[Browse full report: “Bottle-blowing
machines market”]
[For a bigger picture try FREE sample of this report now!]
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