Throughout the projected period, the North American PET blow moulder market is anticipated to expand significantly. PET, also known as polyethylene terephthalate, is a thermoplastic polymer that is frequently used in the manufacture of containers for packaging, including bottles and jars. By blowing air into a heated preform, the manufacturing technique of blow moulding creates hollow containers like bottles and jars.
The expanding demand for packaged food and beverages, as well as the rising acceptance of eco-friendly packaging materials, are the primary drivers of the North American PET blow moulder market.
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The application, product, and geographic segments are used to divide the North American PET blow moulder market. The market is divided into categories for food and drink, pharmaceuticals, personal care, and other applications.
Due to the rising demand for packaged food and beverages, the food and beverage category is anticipated to dominate the market throughout the forecast period. The market is divided into machines and moulds based on the product. Due to the rising demand for blow moulding machines, the machines segment is anticipated to dominate the market throughout the forecast period.
The North America PET blow moulder market is segmented on the basis of region into the United States, Canada, and Mexico. The United States is expected to dominate the market during the forecast period, due to the presence of a large number of manufacturers of PET blow moulding machines in the country.
In conclusion, the North America PET blow moulder market is expected to grow at a significant rate during the forecast period, due to the increasing demand for packaged food and beverages, as well as the growing popularity of eco-friendly packaging materials. The market is segmented on the basis of application, product, and region.
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The food and beverages segment is expected to dominate the market during the forecast period, and the United States is expected to dominate the market during the forecast period, due to the presence of a large number of manufacturers of PET blow moulding machines in the country. Major players operating in the market are focusing on strategic partnerships and collaborations to expand their market presence and increase their share in the market.
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.
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“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.
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
Competitive Landscape
Manufacturers are diversifying towards various applications in the food and beverage, and pharmaceutical industries to reduce the risk of failure in the PET blow molder market. Key manufacturers operating in the PET blow molder market are focusing on producing lighter-weight and sustainable PET containers. Key manufacturers in the PET blow molder market are using expansion and mergers as the primary tool to expand their market share in the competitive arena.
- In December 2018, R&B Plastics Machinery, one of the leading PET blow molder market players collaborated with Sika, a custom blow molding machine maker in Taiwan and Seecor, a technology company based in South Africa for production of electric, hydraulic and hybrid blow molding machines.
Key Players:
- PET ALL Manufacturing Inc.
- R&B Plastics Machinery, LLC
- Amsler Equipment Inc.
- SIPA North America Inc.
- Nissei ASB Company
- Milacron Holdings Corporation
North America PET Blow Molder Market by Category
By Machine Type :
- Extrusion Blow Molding Machine
- Injection Blow Molding Machine
- Stretch Blow Molding Machine
By Technology Type :
- Manual
- Automatic
- Semi-Automatic
By End Use :
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Others
By Country :
- U.S.
- Canada
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