The global PET blow moulder market sales are forecast to grow at 5.4 % CAGR for the forecast period of 2021-2031. In recent years PET blow moulding machines are seen as cost effective machine with high production capabilities, making them extremely popular among PET bottle manufacturers.
With advancement in PET blow moulding machines, the transportation and recycling cost of glass bottles reduced drastically further promoting the adoption of machines leading to market growth. Demand for spill proof and safe packaging solutions especially in pharmaceutical industry is one of the growth drivers, evaluated by ESOMAR-certified consulting firm Future Market Insights.
According to the report published by PepsiCo India, the rising popularity of bottled water will increase per capita bottle to 84/bottles per person. Rising population and growing income of middle class have a positive impact on market growth. The usage of PET bottles in diary and pharmaceutical industries will provide a lucrative opportunity for market expansion.
“Contracting environmental resources are pushing the companies toward creating innovative products offering high efficiency and minimum wastage. They are also investing in automation technologies and sustainable packaging solutions to cater the surging demands,” remarks the FMI analyst.
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Key Takeaways
- Exponential demand of bottled beverages and presence of global PET blow moulder manufacturers in the U.S. will amplify the market demand
- PET blow moulder market in China is forecast to expand at 7.4 % CAGR during 2021-2031. The growth can be attributed to heightened trading activities and growing production plants
- Augmented sales of PET bottles in Germany and Italy has created conducive environment for market expansion in Europe
- Proclivity of Beverage manufacturers & dairy products manufacturing industries in India towards spill proof PET bottles will provide lucrative opportunity for market expansion.
- Rapid urbanization and growing disposable income in emerging economies will propel the market growth.
Prominent Drivers
- Surging necessity of convenient packaging solutions among plastic bottle manufacturers is a primary market growth driver.
- Growing consumption of beverages and products with exceptional packaging is expected to boost the market demand.
- Inclination of younger population towards bottled food products is driving the plastic bottle market as well as PET blow moulder machines market.
Key Restraints
- High installation and early tooling cost of PET blow moulder machines causing stagnant the market growth.
- Rapid development in low waste producing substitute machines and manufacturing operation restricts the market growth.
- strict policies regarding ban of plastic bags hampers the market growth.
Competitive Landscape
Leading players profiled by FMI operating in PET blow moulder market include Pet All Manufacturing Inc., R&B Plastics Machinery, LLC, Nissei asb company, Jomar Corporation, Tech-Long Inc., KHS GmbH, FlexBlow, KENPLAS Industry Ltd., SIPA North America, Inc., Sidel, Custom-Pak Inc., Sacmi Imola, Krones AG, Meccanoplastica Group among others.
According to the study by FMI, development of energy efficient and integrated machinery products for PET blow moulding is key area of focus among market players owing to rising demand of low cost machines from small scale manufacturers. Global market leaders are emphasizing on developing minimum waste generating machines in order to increase output for large PET bottle manufacturers.
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More Insights on FMI’s PET blow moulder Market
The latest market study on global PET blow moulder market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of machine (Automatic PET blow moulder market, Semi Automatic PET blow moulder market, Manual PET blow moulder market), Technology (Extrusion, injection, stretch), end-use (food industry, pharmaceuticals, personal care), and across major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East & Africa)