Skip to main content

Global Blow Molding Machine Market- Driving Factors and Outlook, 2020-2030

 

Blow Molding Machine Market: Introduction

In terms of value, the global blow molding machine market is expected to reach US$ 65.1 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. The extrusion type segment held a major share of the global blow molding machine market in 2019. Low tool and die costs, rapid production, and ability to mold complex parts make extrusion blow molding machine ideal for usage in the manufacture of a wide range of plastic parts. In terms of raw material, the polyethylene segment accounted for a significant share of the global blow molding machine market in 2019. Ease of molding, availability, high stiffness, environmental stress cracking resistance (ESCR), and load melt strength, and excellent rigidity make polyethylene an ideal raw material for usage in the manufacture of various blow molding parts. The packaging end-use industry accounted for the maximum share of the global blow molding machine market in 2019. It was followed by transportation and building & construction segments.

North America held a leading share of the global blow molding machine market in 2019. Some of the factors influencing the market in the region are rise in disposable income of consumers and growth in usage of plastics in the packaging sector. 

Request Sample

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=65039

Major Drivers of Blow Molding Machine Market

The increase in the usage of plastics in the electrical & electronics industry is propelling the demand for blow molding machines across the globe. Substantial expansion of the electrical & electronics sector owing to increase in demand for mobile phones and computers & their accessories is expected to drive the plastic industry during the forecast period. For instance, Global System for Mobile Communications (GSMA) reported that the number of mobile users is anticipated to increase from 5.1 billion in 2018 to 5.8 billion by 2025, expanding at a CAGR of 1.9%. This, in turn, is likely to boost the consumption of plastic in the electrical & electronics sector.

Plastics employed in the electrical & electronics sector are categorized into thermoplastics and thermosets. Thermoplastics, such as polyethylene, are used as common materials in the industry, as they can be molten and remolded repeatedly. Plastic plays an important role in the electrical & electronics industry. Plastic components such as plastic fasteners, plastic insulating components, and plastic design elements help make electrical goods lighter and safer. Plastics also enhance the esthetic appearance. These factors are expected to drive the demand for blow molding machines in the electrical & electronics sector during the forecast period.

More Trending Reports

https://www.prnewswire.com/news-releases/rising-focus-of-major-populace-to-lead-healthy-lifestyle-spurs-demand-for-low-calorie-food-market-tmr-301129990.html

North America Dominated Blow Molding Machine Market

North America dominated the global blow molding machine market in 2019. This can be primarily ascribed to the presence of a large number of manufacturers in the U.S. and rising demand for export of blow molding machines to other regions such as Latin America and Middle East & Africa. The packaging industry in North America is highly lucrative, owing to the growth in population in the region. This is driving the demand for food products, including juices, milk, and carbonated drinks, thereby boosting the production of bottles, jars, and containers across the region. In turn, this is likely to propel the blow molding machine market in North America in the near future.

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=65039&ltype=S

Prominent Developments in Blow Molding Machine Market

In November 2019, Bekum Maschinenfabrik GmbH announced that it is in the process of expanding its existing manufacturing facility at Bekum America Corporation. The expansion would help add 40,000 square feet of manufacturing and 7,400 square feet of office space to the company’s existing facility of 115,000 square feet. The company aims to meet the rising demand for its products in the U.S. through the expansion.

In September 2019, Jomar Corp., a leading global manufacturer of injection blow molding (IBM) machine for the pharmaceutical, healthcare, and household products industries, announced the launch of a new IBM machine, which is available at an “entry-level” price for first-time processors of IBM bottles. The new entry-level Model 25 would replace the Jomar Model 20.

Competition Landscape of Blow Molding Machine Market

The dynamics of the global blow molding machine market are dependent on long-term contracts, goodwill of companies, and product portfolio. Internationally organized players and manufacturers of blow molding machines with integrated operations possess competitive advantages due to the expertise in manufacture and sale of blow molding machines.

Request Covid19 analysis on this market

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=65039

Major players operating in the global blow molding machine market are The Japan Steel Works, Ltd., Jomar Corp., PARKER PLASTIC MACHINERY CO., LTD, Jiangsu Victor Machinery CO.,Ltd, GOLFANG Mfg. & Development Co., Ltd., SUMA Plastic Machinery Co., ltd, SuZhou Bestar Blow Molding Technology Co.,Ltd., Universal Machinery & Services, BLOW ENTERPRISES, NISSEI ASB MACHINE CO.,LTD., and Jagmohan Pla-Mach Pvt. Ltd.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: https://www.transparencymarketresearch.com/

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more