An Incisive, In-depth Analysis on the North America Pet Blow Moulder Market
This study offers a comprehensive, 360 degree analysis on the North America Pet Blow Moulder market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global North America Pet Blow Moulder market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Dynamic changes in the packaging industry and the increasing number of bottled consumer products are expected to drive the PET blow moulder market in the U.S.
The U.S. accounted for a revenue share of a little more than 70% in the North America PET blow moulder market in 2016 and is expected to gain 110 basis points by 2026. The U.S. is likely to witness a rapid Y-o-Y growth rate of close to 4% over the period of assessment. 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.
Increasing taxation and stringent government policies for the ban of plastic bags is expected to hinder the growth of the PET blow moulder market in the U.S.
Due to the rising demand for PET bottles, manufacturers are trying to get more output by investing less, which is ultimately affecting the quality of bottles. For instance, manufacturers have started using a lesser amount of raw material in the manufacturing process. However, this makes the bottles thinner, which causes the bottles to not be able to bear the force incurred during the quality checking process. Reducing the quality of bottles manufactured adversely affects the PET blow moulder market in the U.S.
Along with generic bottles, the PET blow moulding industry also depends on customised bottles. In fact, customised bottle is a trend in the market, which is now flourishing with a number of brands. Most of these brands have adopted the trend of customising their own bottles. However, these customised bottles if dropped, can bend or even break due to acute stretch ratios. This factor is also likely to be a restraining factor in the growth of the PET blow moulder market in the U.S.
PET moulding machines are made to manufacture a large number of bottles, i.e. a minimum of 30,000 bottles/hour. Because of the inherent quality, these machines are largely used by manufacturers who generally require large-scale output. However, if these machines are forced to be used for a smaller volume output then manufacturers would not be able to fetch the profit they expect. The small scale industries operating in rural regions can’t consume such high volumes of the product thus forcing the market to produce machines that can handle smaller volumes in a single run with economic rates. Such economic machines with smaller volume are limited in the market, which is hampering the growth of the PET blow moulder market in the U.S.
Unstable macro-economic and political conditions are the major challenges faced by the PET blow moulder market in the U.S.
The PET blow moulder market in the U.S is affected by economic conditions and consumer spending trends. The high energy requirements of the manufacturing process lead to high costs, which eventually lead to increasing losses for companies. Similarly, unfavourable political, labour and tax conditions also lay a challenging road for PET blow moulder manufacturers in the U.S. Increasing demand for bio-based materials for packaging has significantly reduced the demand for PET bottles, thereby resulting in a challenge for PET blow moulder manufacturers. As consumers are getting more inclined towards sustainable raw materials for their packaging solutions, there is a tough road ahead for PET blow moulder manufacturers in the U.S to increase their profitability margins.
In a new report titled “PET Blow Moulder Market: North America Industry Analysis & Opportunity Assessment, 2016-2026,” Future Market Insights analysts have observed that the North America PET blow moulder market has been witnessing a high growth of injection blow moulding machines since the last few years. Features such as faster moulding rate with less scrap and less labour requirement are likely to drive the market for injection blow moulding machines during the forecast period. In end use type segments, the food & beverages segment is witnessing significant growth. Growing demand for convenient food packaging and an increase in the consumption of beverages is anticipated to drive demand in the food & beverages end-use segment.
The report focusses on the macroeconomic indicators along with an outlook on consumption patterns in the North America PET blow moulder market. It includes drivers and restraints of the North America PET blow moulder market and their impact on the region during the forecast period. The report also comprises the study of current issues with end users and opportunities for PET blow moulder manufacturers. It also includes detailed pricing analysis by machine type and value chain analysis. In order to provide readers a comprehensive view of the North America PET blow moulder market, we have included a detailed competitiveness analysis and information on leading market players along with their unique selling propositions.
The dashboard provides a detailed comparison of PET blow moulder manufacturers based on parameters such as operating margin, unique selling proposition, collective market share, and geographic concentration. The study encompasses market attractiveness analysis by machine type, technology, end use, and region. The report includes consumption of PET blow moulders and the revenue generated from the sales of PET Blow moulding machines in North America and important countries in this region. The report provides detailed competitive and company profiles of key participants operating in the North America PET blow moulder market.
By End Use
By Machine Type
This report provides forecast and analysis of the PET blow moulder market in North America. It provides historical data of 2015 along with forecast from 2016 to 2026 in terms of revenue (US$ Mn) and volume (Units). Market numbers have been estimated based on average consumption and weighted average pricing of PET blow moulding machines by machine type and the revenue is derived through country pricing trends. The North America PET blow moulder market has been analysed based on expected demand. Prices considered for the calculation of revenue are average country prices obtained through primary quotes from numerous regional PET blow moulder manufacturers. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents.
Country-wise demand patterns have been considered while estimating the market for various end users of PET blow moulding machines in the North America region. Market numbers for the North America PET blow moulder market by machine type, technology, and end use segments have been derived using the bottom-up approach, which is cumulative of each country’s demand. The company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates. We have referred to a number of primary and secondary sources during the course of this study. Secondary sources include Factiva, World Bank, Packaging Digest, and Hoover’s; as well as company annual reports and publications.
North America Pet Blow Moulder Market Reports - Table of Contents
1. Executive Summary
11. Assumptions and Acronyms Used
12. Research Methodology