Stretch Blow Molding Machines Market By Technology Type (Single-step, Two-Step), Orientation Type (Rotary Type Machine, Linear Type Machine), End Use (Food & Beverages Industry, Pharmaceuticals Industry, Consumer Goods Industry) & Region for 2022-2027
Stretch Blow Molding Machines Market - Analysis, Outlook, Growth, Trends, Forecasts
- January 2022
- 136 pages
Stretch Blow Molding Machines Market Outlook – 2022-2027
[136 pages Report] The global stretch blow molding machines market is predicted to hold a market value of US$ 984 Mn by 2027, experiencing a slow growth of CAGR of 3.1% during the forecast period.
Estimated Market Value of Global Stretch Blow Molding Machines in 2022
US$ 845.9 Mn
Estimated CAGR in 2022
Estimated Market Share of Rotary Segment in APEJ in 2022
The growing demand for lightweight packaging is anticipated to enhance the demand for stretch blow molding machines. Further, the increased preference for bottled water is speculated to be another potent cause that can drive the market in the coming time.
The rotary segment is projected to account for 39.3% market share in APEJ by 2022.
2013-2021 Stretch Blow Molding Machines Market Outlook in Comparison to 2022-2027 Growth Forecast
As per FMI, the global stretch blow molding machines market totaled US$ 821 Mn in 2021, exhibiting growth at 2.7% CAGR between 2013 and 2021.
Stretch blow molding machine facilitates blow molding manufacturing process used for the production of hollow packaging components such as containers, bottles, and others for industries such as food & beverage, pharmaceuticals, consumer goods, and personal care among others.
Hence, increasing demand for complex, customized, and effective packaging solutions for sauces, soft drinks, shampoos, body lotions, detergents, and others are expected to propel the demand for stretch blow molding machines.
Established stretch blow molding machines market players are focusing on launching new products and next-gen models to capitalize on the existing opportunities. For instance, in 2018, W.Amsler announced launching its new four-cavity all-electric reheat stretch blow molder, L42X, capable of manufacturing containers up to 2-liter using four cavities and up to 5-liter containers using two cavities.
A slew of such product launches is estimated to spur the sales at a 3.1% CAGR over the forecast period 2022-2027.
How is the Increasing Consumption for Beverages Accelerating Stretch Blow Molding Machines Sales?
The consumption of bottled beverages such as non-alcoholic & alcoholic beverages, soft drinks, juices, flavored milk, and others has risen exponentially across the globe in the last couple of years. In addition to this, sale of bottled water has surged at a rapid pace, especially across the developed countries, due to the growing prevalence of water-borne diseases.
Driven by this, beverage manufactures are focusing on increasing their production capacity to meet the surging demand for bottled beverages. For instance, Coca-Cola, a leading beverage manufacturer announced investing nearly US$ 23.5 Mn to increase its production capacity in Weston and Brampton, Canada.
As stretch blow molding machines are used for manufacturing bottles for these beverages, rise in consumption of beverages is expected to bolster the growth in the market.
Leading stretch blow molding machines maker are also emphasizing on developing novel products to beverage manufacturers to increase precision and production speed. Such developments are projected to facilitate the growth in the global stretch blow molding machines market over the coming years.
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Stretch Blow Molding Machines Market Country-wise Analysis
Why is the Demand for Stretch Blow Molding Machines Surging in the U.S.?
Growing emphasis on self-care and rising penetration of social media have substantially increased the demand for personal care and cosmetic products such as face creams, body lotions, shampoos, conditioners, face powders, and others in the U.S.
As manufacturers of personal care and cosmetic products are increasingly using blow molding technologies for the production of customized product-based packaging solutions, surging demand for aforementioned products will favor the growth in the stretch blow molding machines market.
Also, increasing customer inclination towards adopting on-the-go beverages, owing to the growing fast-paced lifestyle of individuals is fueling the demand for innovative and easy-to-carry packaging solutions, which is in turn, propelling the demand in market.
As per FMI, the U.S. is expected to register rapid growth in the North America market, assisting the region to account for nearly 26.9% of the global sales in 2022.
What are the Factors Favoring the Sales of Stretch Blow Molding Machines in Germany?
Germany has been forecast to account for a significant share in Europe stretch blow molding machines market during the forecast period.
Growing shift in preference from alcoholic beverages to non-alcoholic beverages, due to increasing awareness regarding side effects of alcohol use and rising incidence of liver diseases, have immensely fuelled the demand for juices, soft drinks, flavored waters, and others beverages in the country.
To help non-alcoholic beverage manufacturers address the surge in demand, leading stretch blow molding machines market players in Germany are increasingly focusing on launching products with high productions capacity.
For instance, KHS, a German manufacturer of packaging equipment, announced introducing its new stretch blow molder, InnoPET Blomax Series V, which can produce up to 90,000 PET bottles an hour between 0.2 liters and 3 liters capacity in 2018. Such developments are estimated to assist Europe to account for nearly 17.3% of the total market share through 2022.
How is the Market for Stretch Blow Molding Machines Faring in India?
India is projected to exhibit growth at an impressive CAGR in Asia Pacific excluding Japan stretch blow molding machines market, assisting the region to account for around 39.3% value share in 2022, as per FMI. Increasing usage single step stretch blow molding machines for the mass production of small size and single serve medical bottles such as cough syrup bottles across the pharmaceutical sector is favoring the growth in the market.
The upsurge in the demand for sanitizers, hand soaps, and other cleaning products amid the COVID-19 pandemic has resulted in rapid growth in the sales of stretch blow molding machines across the country.
Rising production and consumption of bottled drinks in India is a major factor facilitating the growth in the market. According to a study by PepsiCo, the annual per capita consumption of bottled drinks is expected to total 84 units across India by 2021. Hence, increasing emphasis on increasing output capacity across beverage manufacturers is expected to facilitate the growth in the market.
Stretch Blow Molding Machines Market - Category-wise Insights
Why is the Demand for Single-step Stretch Blow Molding Machines?
On the basis of technology type, the single-step segment is projected to account for a substantial share in the stretch blow molding machines market, surpassing US$ 91.9 by the end of the assessment period.
Increasing use of single-step stretch blow molding machines for manufacturing polyethylene terephthalate (PET) bottles and containers owing to its benefits such as efficient production, user-friendly control, cost-effective, and easy part replaceability is propelling the demand in the market.
Apart from this, two-step stretch blow molding machines are increasingly gaining popularity across personalized bottle and container manufacturing owing to their high flexibility, fast cycle time, and less restriction on bottle design. This is expected to favor the growth in the two-step segment through 2027.
Why are Rotary Stretch Blow Molding Machines Gaining Traction?
The global stretch blow molding machines market is segmented into rotary type and linear type. FMI estimated that the rotary segment is anticipated to dominate the market, exhibiting growth at 2.3% CAGR between 2022 and 2027.
Growing customer inclination towards adopting rotary stretch blow molding machines attributed to their ability to fit in compact spaces and high-speed production is propelling the demand in the market. In addition, introduction of novel rotary machines with innovative and personalized orientations features is estimated to augment the growth in the market over the coming years.
What is Supporting Demand for Stretch Blow Molding Machines in Food & Beverage Industry?
As per FMI, the food & beverage industry registered robust growth in the market, accounting for 47.3% of the global sales in 2018.
Increasing customer demand for ready-to-eat food and beverage products and growing consumption bottled water across the U.S., China, India, and Germany is favoring the growth in the segment.
Besides this, the personal care & cosmetics industry is expected to hold a significant share in the stretch blow molding machines market through 2028. Primary factors favoring the growth in the segment are increasing concerns regarding personal hygiene and growing usage of cosmetics products to enhance facial aesthetics.
Stretch Blow Molding Machines Market Competitive Landscape
The top five companies operating in the global stretch blow molding machines market are Golfang Mfg. & Development Co., LTD, Krones AG, Demark Holding Group, SMI S.p.A., SIPA S.p.A., and Nissei ASB Machine Co. Ltd. These companies are estimated to collectively account for nearly 18% of the total sales in 2021.
Key participants are emphasizing on developing novel products to expand their product portfolio and gain competitive edge. Strategic partnership, merger, collaboration, and acquisition are few of the most adopted expansion strategies in the global market. For instance,
- In July 2019, Bekum Maschinenfabrik GmbH, a leading manufacturer of industrial machinery announced launching its new blow molding machine for packaging, Concept 808. The new machine is integrated with an intuitive touchscreen, Bekum Control 8.0 and is suited for multi-cavity three-layer applications.
- In September 2018, Krones AG, a German packaging and bottling machine manufacturer announced acquiring the business operations and assets of a leading process technology equipment manufacturer Shanghai Xian tong Equipment Installation. The acquisition will assist the company to expand its product portfolio and strengthen its footprint in China market.
Scope of Report
Historical Data Available for
US$ Mn for Value
Key Regions Covered
North America, Latin America, Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others.
Key Market Segments Covered
Technology type, Orientation type, End use, and Region
Key Companies Profiled
Available upon Request
Stretch Blow Molding Machines Market by Category
By Technology Type :
- Single-step Based
- Two-step Based
By Orientation Type :
- Rotary Type Machine
- Linear Type Machine
By End Use :
- Food & Beverage Industry
- Personal Care & Cosmetic Industry
- Consumer Goods Industry
- Pharmaceuticals Industry
By Region :
- North America
- Latin America
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa