The North America PET blow molder market is on a robust growth trajectory, poised to reach a substantial valuation of US$ 140.8 million by 2033, exhibiting an impressive compound annual growth rate (CAGR) of 10.86%. This remarkable expansion is underpinned by several key market trends and drivers.
One notable trend driving this market is the adoption of high-speed stretch blow molding technology. This innovation not only enhances production efficiency but also reduces manufacturing costs, making manufacturers in the market more competitive.
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Moreover, there’s a growing consumer demand for convenient food packaging solutions, emphasizing the importance of packaging that offers both ease of use and product freshness preservation. This consumer preference is leading to an increased demand for PET blow molding solutions in the region.
Furthermore, the rising consumption of beverages, including soft drinks, bottled water, and various other beverages, is a significant contributor to market growth. PET blow molders are essential for producing bottles to meet the high demand within the beverage industry.
Overall, the North America PET blow molder market is experiencing a remarkable surge in demand, driven by technological advancements and changing consumer preferences, making it a promising sector for future growth.
In the U.S., the market is anticipated to expand by 1.2x between 2022 and 2026. By 2026, Canada is anticipated to have a market value of US$16.4 million.
The North America PET blow moulder market is expected to grow at a significant rate during the forecast period. PET (polyethylene terephthalate) is a thermoplastic polymer that is widely used in the production of packaging materials such as bottles and jars. Blow moulding is a manufacturing process that is used to produce hollow containers, such as bottles and jars, by blowing air into a heated preform. The North America PET blow moulder market is driven by the increasing demand for packaged food and beverages, as well as the growing popularity of eco-friendly packaging materials.
The North America PET blow moulder market is segmented on the basis of application, product, and region. On the basis of application, the market is segmented into food and beverages, pharmaceuticals, personal care, and others. The food and beverages segment is expected to dominate the market during the forecast period, due to the increasing demand for packaged food and beverages. On the basis of product, the market is segmented into machines and molds. The machines segment is expected to dominate the market during the forecast period, due to the increasing demand for blow moulding machines.
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.
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.
With advancements 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.
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Key Takeaways
*The exponential demand of bottled beverages and the 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 a conducive environment for market expansion in Europe
*The proclivity of Beverage manufacturers & dairy products manufacturing industries in India towards spill-proof PET bottles will provide a lucrative *opportunity for market expansion.
Rapid urbanization and growing disposable income in emerging economies will propel the market growth.
Prominent Drivers
*The 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.
*The 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 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 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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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
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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