Stretch Blow Molding Machines Market Analysis: The two-step stretch blow molding machines segment to dominate due to high output capabilities
The global stretch blow molding machines market is anticipated to be valued nearly US$ 752 Mn in 2018 and is projected to expand at a CAGR of 3.0%, during the forecast period (2018 - 2027).
Bottles and containers can be manufactured using single-step and two-step stretch blow molding machines. Single-step stretch blow molding machines take preform through three phases: injection molding, reheating of the preform, and stretch blow molding. Two-step stretch blow molding machines create the mold on one machine and then transfer it to the second machine, where it is reheated.
Stretch blow molding machines consist of a stretch shaft, heating tubes, mold cavities, and feed lines. The stretch blow molding machines market has expanded due to the increasing use of bottled water and plastic containers.
Manufacturers also offer molds and other parts of molding machines. Stretch blow molding machines are mainly used to manufacture PET containers, preferred by brand owners and consumers. Some manufacturers are replacing stretch blow molding machines with blow-fill-seal equipment and other blower machines to manufacture bottles and containers.
The significant change in the shape and size of the container affects the tooling requirement of stretch blow molding machines. Molds and feed lines need to be arranged in an appropriate manner, well-suited for the finished container. The stretch blow molding machines market is expected to experience significant growth in the upcoming years due to consumer convenience & packaging efficiency. Key players are producing stretch blow molding machines compatible with various end use needs such as the ability to manufacture products withstanding high temperature or pasteurization process and self-collapsible containers.
Shift in Preference from Glass to Plastic
The beverage packaging industry has been projected to expand at a CAGR of 4.1%, during the forecast period. Globally, the demand for glass bottles is decreasing due to their high cost and fragile properties. Approximately 70% of the soft drinks are packaged in PET bottles, growing the stretch blow molding machines market. More and more brand owners prefer PET bottles over glass packaging to pack their products and ensure easy and safe transportation to longer distances.
Manufacturers are focusing on lightweight packaging, which is, in turn, boosting the global demand for stretch blow molding machines. The increasing consumer preference towards bottled water is creating a demand for stretch blow molding machines. Approximately, 600 billion units of bottles are manufactured globally to meet this demand.
Classification of the Stretch Blow Molding Machines Market
The stretch blow molding machines market is segmented as per technology type, orientation type, and end use. On the basis of technology type, the global stretch blow molding machines market is categorized as single-step and two-step. On the basis of orientation type, the global stretch blow molding machines market is categorized as rotary and linear type machines. On the basis of end use, the global stretch blow molding machines market is categorized as food, beverages, pharmaceuticals, consumer goods, personal care, and cosmetics.
Stretching and blowing of the container is done after heat treatment of preform. The stretch blow molding machines market is estimated to expand, as the manufacturers are increasing their investments in the design and development of highly efficient stretch blow molding machines.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Stretch Blow Molding Machines Market: Key Developments
- Manufacturers in the stretch blow molding machines market are investing in mergers and acquisitions. For instance, in September 2018, Krones AG acquired the business operations and assets of Shanghai Xian tong Equipment Installation.
- Manufacturers of stretch blow molding machines are focusing on product launches with technical innovations followed by integrated tools within the machines. Recently, KHS GmbH launched new series of ‘KHS InnoPET Blowmax series V, which is a stretch blow molder/filler and can manufacture 90,000 PET bottles per hour.
The rotary segment in the stretch blow molding machines market is expected to expand at a CAGR of 2.3% during 2018-2027 and is estimated to have 62.6% market value share in 2018. The stretch blow molding machines market in the Asia Pacific region is expected to account for 39.3% market share in 2022.
The single-step stretch blow molding machines segment is anticipated to be valued at US$ 91.9 Million by the end of the forecast period. The food & beverages segment in step-stretch blow molding machines market is estimated to have a market value share of 47.3% in 2018. The stretch blow molding machines market is expected to expand at CAGR of 3.6% during 2018-2027.
Stretch Blow Molding Machines Market: Competitive Landscape
Krones AG, SMI S.p.A., Nissei ASB Machine Co. Ltd., Sacmi Imola S.C., KHS GmbH, Sidel, PARKER PLASTIC MACHINERY CO., LTD., KEENPRO INDUSTRY CORP., KENPLAS Industry Ltd., CHUMPOWER MACHINERY CORP, SMI S.p.A., Aoki Technical Laboratory, Inc., Zhejiang Huangyan Lingma Plastic Machinery Co., Ltd., SIPA S.p.A., Demark Holding Group, and Golfang Mfg. & Development Co., LTD.