PET Stretch Blow Molding Machines Market by Technology Type (Single Step, Two Step), Orientation Type (Rotary, Linear), End Use Industry (Food, Beverages, Pharmaceuticals, Personal Care & Cosmetics) & Region - Forecast to 2021 - 2031
PET Stretch Blow Molding Machines Market - Analysis, Outlook, Growth, Trends, Forecasts
- July 2021
- 217 pages
PET Stretch Blow Molding Machines Market Snapshot
Future Market Insights (FMI) presents a positive growth outlook in PET stretch blow molding market survey. As per the analysis, PET stretch blow molding machines demand will rise at a year-on-year (YoY) growth of 2.3% in 2021 to total 3720 units by the end of the year.
With demand for PET water bottles rising at a consistent pace, the sales of PET stretch blow molding machines will increase at 2.2% CAGR during the forecast period. In terms of overall valuation, the market is expected to surpass US$ 715 Mn in 2021.
Key Points Covered in PET Stretch Blow Molding Machines Market Study
- Market estimates and forecast 2021 – 2031
- Key drivers and restrains impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competitive Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact On PET Stretch Blow Molding Machines Market
- Recommendation on Key Winning Strategies
2016 – 2020 PET Stretch Blow Molding Machines Market Outlook In Comparison to 2021 – 2031 Forecasts
High demand for PET bottles for storing soft drinks, soda, detergent and other products drove the PET stretch blow molding machines sales in past few years. The market grew at 2.0% CAGR from 2016-2020.
Ongoing water crisis in Latin America has accelerated the demand for packaged drinking water, thus increasing the demand for PET stretch blow molding machines for manufacturing of collapsible water bottles.
Market leaders are investing in development of energy efficient machines with extended production capacity and feed lines. These innovations will significantly influence the market growth in upcoming years.
In 2021, PET Technologies introduced its next generation flexible PET stretch blow molding machines as a part of its existing product line APF-Max. The top model APF-Max 8 is capable of producing around 14,000 bottled per hour and can produce bottles of volume between 0.2 L to 2 L.
Cypet Technologies Ltd., a stretch blow molding company from Cyprus, recently developed a new technology that can produce a mammoth 120 L PET drum in single-stage blow molding machines.
The latest innovation in the machine makes injection mold PET pre-forms and blow mold them on a single machine.
Coupled with these developments, unprecedented water scarcity and drought, and increasing innovation to produce biodegradable plastic bottles will drive the PET stretch blow molding machines market in upcoming years.
Market Research Methodology - Perfected through Years of Diligence
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Beverage and Personal Care Industries to Command PET Stretch Blow Molding Machines Sales
PET stretch blow molding machines are mostly used to produce bottles. The method is commonly categorised into two categories i.e. single stage and two-step process. The single stage method used includes a rapid cooling preform mold and reheat preform before placing it into the container mold; after reheating the preform is stretched and blown to fit into the mold. Whereas, two step PET stretch blow molding machine follows the same process in two stages.
These technologies of PET stretch blow molding machines are used in various industries. The containers produced are used widely. The global PET stretch blow molding machines market is dominated by the beverage industry as it is expected to reach a market value of over US$ 715 Million by the end of 2021. The beverage industry is anticipated to grow at a CAGR of 2.2% during the forecast period.
However, the personal care and cosmetics industry is projected to be the most attractive end use segment with the highest growth rate of 2.4% during the forecast period.
Consumer Preference for Bottled Water Driving Sales
PET stretch blow molding machines are largely used in the production of bottles and thus it witnesses highest demand from the beverage industry. However, lately the demand for soft drinks has decreased exceptionally due to growing health concerns among people.
Consumers are more inclined towards healthy eating habits and thus, instead of soft drinks, the demand for bottled water has increased especially in the U.S. The lack of access to potable water is also an issue in various regions. Countries such as Costa Rica and Mexico in Latin America are facing water crisis.
People are installing additional water capacities for meeting their daily water demand; however, access to potable water is a big concern for the countries in the region. The overall demand for PET bottles has helped increase the concentration of PET stretch blow molding machine manufacturers in many countries.
Two step PET stretch blow molding machines have increased the capability of manufacturers to produce stretch blow molded products at very high speed in large quantities.
High Cost of PET Stretch Blow Molding Machines Might Hinder Growth
There is a high cost associated with PET stretch blow molding machines, commonly costing over US$ 100,000 and are manufactured to produce large volume outputs in a single run.
PET stretch blow molding machines can manufacture at least 15,000 bottles per hour. These machines can prove to be economical for big manufacturers who require large scale production.
But this creates a barrier for other rural industries. If these machines are forced to manufacture small volume outputs, manufacturers won’t be able to fetch adequate profit, as they consume the same amount of energy in a single run irrespective of the volume of output.
Small scale industries in rural regions do not have the requirement of such high volumes of product. This repels small scale manufacturers from entering the market. The market may also witness increasing preference of manufacturers towards flexible packaging or bio based products.
The global PET stretch blow molding machines market comprises different technology types used by the machines, orientation types, end users of the machines and also the major regions in the market. These bifurcations of the global PET stretch blow molding machines market simplifies the market analysis and understanding.
PET stretch blow molding machines Market – Report Scope
2021 – 2031
Historical Data Available for
2017 – 2027
US$ Mn for Value & Units for Volume
Key Regions Covered
North America, Latin America, Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
Key Countries Covered
US, Canada, Brazil, Mexico, Argentina, Rest of Latin America, Germany, Italy, France, U.K., Russia, Spain, BENELUX, Poland, Nordic, Rest of Europe, India, China, ASEAN, ANZ, Rest of APEJ, GCC Countries, Turkey, South Africa, Iran, Israel, and Rest of MEA.
Key Segments Covered
Technology Type, Orientation Type, End Use Industry Type, and Region
Key Companies Profiled
Market Overview, Market Background, Market Forecast, Segmental Analysis, Regional Profiling and Competition Analysis
Customization & Pricing
Available upon Request
Key Segments Covered in PET Stretch Blow Molding Machines Market Study
By Technology Type
- Single Step
- Two Step
By Orientation Type
By End Use Industry
- Personal Care & Cosmetics
- Others (Homecare, etc.)
- North America
- Latin America
- Middle East and Africa