The PET blow moulder market in the United States is likely to be driven by dynamic developments in the packaging sector and an increase in the number of bottled consumer products.–In 2016, the United States had a revenue share of just over 70% in the North American PET blow moulder market, and it is predicted to increase by 110 basis points by 2026. Over the assessment period, the United States is expected to grow at a rapid Y-o-Y rate of close to 4%.
The booming food and beverage business in the United States and Canada need increased plastic container manufacture. A wide range of carbonated and non-carbonated drinks have been developed over time in North America, some of which have gone on to conquer the world. Manufacturers of various beverages and foods continue to seek customised bottles for packaging since their distinctive designs supplied the requisite brand recognition. PET blow moulders have thus become an important piece of industrial machinery in North America.
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The report encompasses crucial market dynamics, pricing trends, demand-supply proportions, growth-driving forces, market restraining factors, and limitations in the PET Blow Moulder Market. Furthermore, the report reviews their financial status by assessing gross margin, profit, sales volume, production cost, pricing structure, revenue, and growth rate. The report displays emerging trends along with major drivers, challenges, and opportunities in the global market. The PET Blow Moulder Market is highly fragmented and has its presence across the globe.
The PET blow moulder market in the U.S. is estimated to be valued at more than US$ 25 Mn in 2017 and is likely to record a CAGR of 4.5% from 2016 to 2026 to reach a little more than US$ 40 Mn by 2026. In terms of value, the U.S market is expected to represent an incremental opportunity of more than US$ 15 Mn and grow 1.6X during the forecast period.
Future Market Insights recently published its report on the PET blow molder market in North America, excerpts from which project the market to reach US$ 57.3 Mn value by the end of 2026. Although, key findings from the report project that during the forecast period, 2016-2026, the North American PET blow molder market will expand at a moderate pace. The market is presently valued at an estimated US$ 37.5 Mn, and is anticipated to register a moderate CAGR of 4.3%. In terms of volume as well, the market recorded sales of close to 400 PET blow molders in 2016. In the due course of forecast period, around 574 PET blow molders will be sold in North America, exhibiting a sluggish growth at 3.8% CAGR.
Factors Restraining the Demand for PET Blow Molders in North America
The report, titled “PET Blow Molder Market: North America Industry Analysis and Opportunity Assessment, 2016-2026,” has compiled multiple factors impacting the growth in demand for PET blow molders in North America. Higher preference to PET bottles by manufacturers of packaged drinking water is expected to drive the demand for PET blow molders in the region. But, the key restraints for North America’s PET blow molder market include:
- Is it Economical?Blowing machines are majorly utilized by big manufacturers who require large scale output, but this creates a barrier for the other rural industries. If these machines are forced to give an output of a smaller volume, then the manufacturers aren’t able to fetch much profits. This is because PET blow molders consume the same amount of energy regardless of output volume.
- Poor Stretch Ratios– These customized bottles have acute stretch ratios, due to which they can bend or even break upon dropping. The bottles should also be able to achieve standard measures set bearing certain force at lower temperatures.
- Saving Resins Hampers the Bottle Quality– Bottle manufacturers have started to use lesser raw material amount in the manufacturing process. Such bottles tend to collapse at their weakest points, as at those points, the material gets too thin to bear any force. And, these bottles will not be able to bear the load administrated to them during their quality checking process.
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Companies such as PET All Manufacturing Inc., R& B Plastics Machinery, LLC, Amsler Equipment, Inc., SIPA North America Inc., Nissei ASB Company, Milacron Holdings Corporation, Sidel, Jomar Corporation, Custom-Pak Inc., and Tech-Long Inc. are leading manufacturers of PET blow molders, based across the US and Canada. The PET blow molder market in North America is split into these two countries, where US is projected to remain the dominant country by procuring over 70% of gross revenues throughout the forecast period.
Market segmentation
By Technology
- Extrusion Blow Moulding Machine
- Injection Blow Moulding Machine
- Stretch Blow Moulding machine
By End Use
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Others
By Country
- U.S.
- Canada
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By Machine Type
- Manual
- Automatic
- Semi-Automatic
On the basis of molding technologies, in 2016, injection blow molding technology accounted for revenues worth nearly US$ 17 Mn. This technology will continue to dominate the market revenues in the years to come. Demand for automatic PET blow molders will also gain traction, exhibiting a market revenue share of whopping 93.6% by 2026-end. The report also reveals that pharmaceuticals and personal care application of PET blow molders will showcase revenue growth above 4.3% CAGR, while food & beverages continue to be largest application of PET blow molders in North America.
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