Inclination for Greater Production Efficiency, Driving Sales of Automatic PET Blow Moulder at Above 6% CAGR: Study
The PET blow moulder market is expanding at an impressive rate, thanks to the rising demand of PET bottles as a preferred packaging solution across various industries. According to a report by Future Market Insights, the demand is expected to increase for packaging food and beverages products and pharmaceutical products. Besides these, the personal care industry also has emerged as a key end user.
Pet Blow Moulder Market
A recent market report published by Future Market Insights on the PET Blow Moulder Market ...
Machines for forming PET bottles, such as PET blow moulder machines are in great demand for producing bottles of various sizes. Blow moulding machines of various technologies, including extrusion blow moulding, injection blow moulding and stretch blow moulding are increasingly used by the manufacturers of PET bottles. While there is little difference between market share held by automatic and semi-automatic segments, the former will exhibit a higher growth in valuation at 6.2% CAGR between 2021 and 2031.
Key Takeaways from PET Blow Moulder Market
- Rising at 4.8% CAGR, PET blow moulder will find increasing application across food, beverages, pharmaceutical, personal care, and other industries
- With some of the leading market players headquartered in the U.S., nearly 64% overall sales in North America will concentrate in the country
- Marginal recovery of sales post COVID-19 is likely in the U.K., however, not before 2022, finds the report
- Germany and Italy will continue driving sales of PET bottles in Europe, thus driving PET blow moulder market
- Expansion of the retail sector will bode well for the market in China and Japan
“Companies operating in the market are introducing innovative technologies to offer automation and greater production efficiency. They are looking to capitalize on the demand for more sustainable packaging solutions as industries seek to optimally use available resources,” says FMI analyst.
Demand from Personal Care Segments Driving Growth
The PET blow packaging for homecare sector includes sprays used for cleaning, fragrance sprays, and others. The rising concern for health has led towards the usage of various products to keep the home and workplace clean. This concern boost the sales of homecare sprays which falls under aerosol packaging. These homecare sprays are made up of PET material.
PET blow moulding machinery gets an indirect boost in the demand. Moreover, these sprays are easy to use and clean the surface without getting worried about the product temperature or life. PET blow moulder used for homecare products are cost effective and easy to handle, store, & transport. On the back of these factors, the market for PET blow moulder is estimated to expand during the forecast period.
Who is Winning?
Nissei Asb Company, Sacmi Imola, Inc., and KHS GmbH are the top players operating in the PET Blow Moulder market. Furthermore, Sidel, MITRA, Tech-Long Inc., are also the noticeable players in the PET Blow Moulder market. The Tier 3 players in the market hold 60-65% in the global PET Blow Moulder market. In conclusion, key players contribute almost 35-40% of the global market.
PET Blow Moulder Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global PET Blow Moulder market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the PET Blow Moulder market on the basis of technology type (Extrusion, Injection and Stretch), machine type (manual, semi-automatic and automatic) and end-use (food and beverages, pharmaceutical, personal care and other industries) across seven regions.
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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