Promoting Sales of Automated PET Blow Molding Machines at CAGR of 6% and Above, Trends to Improve Production Efficiency: A Study

The PET Blow Molding Machine Market  is expanding at an alarming rate owing to the growing demand for PET bottles as the preferred packaging solution in various industries. According to a report by Future Market Insights, the demand for food and beverage products and pharmaceutical packaging is expected to increase. Apart from this, the personal care industry has also emerged as a major end user.

PET bottle forming machines, such as PET blow molding machines, are in great demand to produce bottles of various sizes. Blow molding machines of various technologies, including extrusion blow molding, injection blow molding and stretch blow molding, are increasingly used by PET bottle manufacturers. Although there is little difference in the market share held by the automatic and semi-automatic segments, the former will have a higher valuation growth rate between 2021 and 2031 at a CAGR of 6.2%.

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Key Implications of PET Blow Molding Machine Market

  • Growing at 4.8% CAGR, PET blow molding machines will find more and more applications across food, beverage, pharmaceutical, personal care and other industries.
  • Nearly 64% of North America’s total sales will be concentrated in the United States, with some major market players based in the United States.
  • In the UK, marginal recovery in sales is expected after COVID-19, but not before 2022, the report said.
  • Germany and Italy will continue to drive PET bottle sales in Europe, leading the PET blow molding machine market.
  • The expansion of the retail sector should bode well for the Chinese and Japanese markets.

 “Companies operating in the market are introducing innovative technologies to provide automation and greater production efficiencies. As the industry seeks to make optimal use of available resources, it seeks to capitalize on the demand for more sustainable packaging solutions,” said an FMI analyst.

Demand in personal care to drive growth

PET blow packaging materials for home care applications include cleaning sprays and air freshener sprays. Growing interest in health has led to the use of a variety of products to keep homes and workplaces clean. These concerns increase sales of home care sprays in aerosol packaging. This home care spray is made of PET material.

PET blow molding machines are indirectly in demand. In addition, these sprays are easy to use and clean surfaces without worrying about product temperature or longevity. PET blow molding machines used in home care products are cost-effective and easy to handle, store and transport. Based on these factors, the PET blow molding machine market is expected to expand during the forecast period.

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Who is the winner?

Nissei Asb Company, Sacmi Imola, Inc. and KHS GmbH are the top players operating in the PET blow molding machine market. In addition, Sidel, MITRA, and Tech-Long Inc. are also prominent players in the PET Blow Molder market. The Tier 3 players in the market hold 60-65% of the global PET Blow Molder market. In conclusion, the major players contribute almost 35-40% of the global market.

PET Blow Molding Machine Market Report

Future Market Insights provides an unbiased analysis of the global PET Blow Molding Machine market by analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031 in a new report. The study spans seven regions: technology type (extrusion, injection and stretch), machine type (manual, semi-automatic and automatic) and end-use (food and beverage, pharmaceutical, personal care and other industries).

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About Future Market Insights Packaging

FMI’s Packaging Division provides  in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help

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