The market for Bottle Blowing Machines Market is expected to reach USD$ 2.04 Bn in 2026.
The bottle blowing machines market is largely driven by the growing inclination of consumers toward bottled water worldwide. The bottle blowing machine market was valued at US$ 2.04 billion in 2017 and was expected to grow at a CAGR of 4.7% from 2018 to 2026.Bottle blowing machines are mechanical devices used to manufacture plastic bottles and containers. It is a blow molding technology that is best suited for producing hollow plastic containers with uniform wall thickness. In the bottle blowing process, the preforms are heated and then fed into a blow mold, where compressed air is used for inflating and forming them into finished and whole containers.
Growing demand for sophisticated bottling solutions is expected to augment the growth of the market at a significant rate. The growing demand for low-cost, high-quality bottles is fueling the global growth of the bottle blowing machine market.Bottle blowing machines that can deliver maximum flexibility, greater cost efficiency, and higher accuracy are in great demand from several end-use verticals. Such machines will significantly offset the rising cost of production.
The tremendous amount of waste produced through plastic is compelling governments to restrict the production and sale of plastic bottles in some geographies, which may restrict the market growth. Moreover, opposition from environmental protection agencies is another major factor expected to restrain the growth of the bottle blowing machine market. Further, the market may also witness a growing inclination among manufacturers toward bio-based products or flexible packaging.
The bottle blowing machines market, based on technology type, was led by extrusion-blowing machines in 2017. In terms of value contribution, the segment accounted for 39.14% of the market share in the same year. Extrusion-blowing machines are comparatively cheaper than their counterparts and are hence utilized in the bulk manufacturing of bottles and packaging products. These machines can be used to process many different polymers, including polyethylene, polyethylene terephthalate, polyvinyl chloride, polypropylene, high-density polyethylene, etc.
The global bottle blowing machine market, based on machine type, was led by semi-automatic machines in 2017. In terms of value contribution, the segment accounted for 53.24 percent in the same year. However, a paradigm shift from semi-automatic to automatic machines is being observed, due to which several manufacturers are now opting for automatic blowing machines at an increasing rate. Automatic blowing machines have enhanced features that eliminate the errors caused by human error. These machines offer a fully automatic process with high efficiency, safe and quick operation, ease of maintenance, troubleshooting, etc. As a result, on account of the features and benefits offered by automatic machines, the segment is expected to grow at a significant rate during the forecast period from 2018 to 2026.
The food and beverage industry accounted for the majority of the market share in 2017. In terms of value, the food and beverage industry accounted for a market share of 33.21% in 2017. The growing food and beverage industry is a major driving factor for the bottle blowing machine market. Changes in lifestyle coupled with rising demand for packaged foods are estimated to facilitate market growth. Moreover, the rising demand for packaged drinking juices, water, and milk is also witnessing rapid growth, leading to a greater demand for sophisticated bottling solutions.
In 2017, Asia Pacific held the largest share in the bottle blowing machine market and was expected to reign during the forecast period from 2018 to 2026. The segment accounted for 49.93% of the market share in the same year. The growth of this region is mainly attributed to the promising economic condition and the rise of several domestic manufacturers who have thorough technological capabilities at lower costs as compared to the well-established economies in North America and Europe. This has assisted in the development of the region over the past few years. Moreover, China, being one of the major manufacturing hubs, has witnessed excellent growth in the end-use sectors and has backed the growth of Asia Pacific, thereby supporting regional market growth.
The bottle blowing machine market is highly fragmented, with the presence of both regional and international industry players. To better serve the market, players are focusing on finding new ways to reduce plastic waste and implementing various recycling methods. The market players are focused on adopting several strategies, including collaborations, partnerships, investments, new product developments, and mergers and acquisitions.
For instance, in June 2018, Niagara Bottling LLC, one of the industry's leading private bottled water suppliers, upgraded its Salt Lake City facility with Sidel's complete PET line. The Sidel PET line includes two super combos outfitted with the innovative and compact ground-level preform feeder. The investment has helped Niagara Bottling significantly increase its productivity with efficient, high-speed manufacturing and high availability rates on the line.
Some of the prominent players profiled in the bottle blowing machine market include Aoki Technical Laboratory, Inc., Chumpower Machinery Corp., KHS GmbH, Nissei ASB Company, Sacmi Imola S.C., Sidel, SMI S.p.A., Krones AG, Tech-Long Packaging Machinery Co. Ltd., Zheinjang East Zhouqiang Plastic & Mould Industry Co., Ltd., BEKUM, and Jomar Corp., among others.
The research report presents the analysis of each segment from 2016 to 2026,considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2018 to 2026.
The bottle blowing machine market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global bottle blowing machines market based on technology type, functionality, end-use vertical, and geography. Key segments covered in the report are as follows:
The market for Bottle Blowing Machines Market is expected to reach USD$ 2.04 Bn in 2026.
The Bottle Blowing Machines Market is expected to see significant CAGR growth over the coming years, at 4.7%.
The report is forecasted to 2018-2026.
The base year of this report is 2017.
Chumpower Machinery Corp., KHS GmbH, Nissei ASB Company, Sacmi Imola S.C., Sidel, SMI S.p.A., Krones AG, Tech-Long Packaging Machinery Co. are some of the major players in the global market.