PET blow moulder machines are finding its usage in personal care segments and aerosol packaging industry driving the market growth.
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
Prominent Drivers
Discover more about the PET blow moulder market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/reports/pet-blow-moulder-market
Key Restraints
Competitive Landscape
Leading players profiled by FMI operating in PET blow moulder market include Pet All Manufacturing Inc., R&B PlasticsMachinery, 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).
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