PET stretch blow molding machines produce bottles for juices, water, soda, detergents, soda bottles and several other products by stretching preforms in both the axel direction and the hoop direction. The PET stretch blow molding machines market is expected to witness a sluggish growth that is mainly driven by the large consumer base of the beverage industry demanding bottles produced by PET stretch blow molding machines. According to a new research report by Future Market Insights titled ‘PET Stretch Blow Molding Machines Market
PET Stretch Blow Molding Machines Market: Trends and Opportunities
Rising demand for stretch blow molded products across various industries has increased the demand immensely for PET stretch blow molding machines. Manufactures are increasing their investments on design and development of energy efficient PET stretch blow molding machines with a large number of blowing cavities and feed lines. Manufacturers are producing PET stretch blow molding machines compatible with various end use needs such as the ability to manufacture products withstanding high temperature or pasteurisation process and self-collapsible containers. Also, for the longer run production cycle, two step PET stretch blow molding machines are proving to be more economical over single step PET stretch blow molding machines.
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PET Stretch Blow Molding Machines Market: Segmental Highlights
- Based on region, China is expected to dominate the global PET stretch blow molding machines market with a projected market value of over US$ 200 Mn by the end of 2027, growing at a CAGR of 3.0% during the forecast period. The APEJ regional market is also expected to witness a similar CAGR during the forecast period.
- Based on technology type, single step leads the market with an estimated market revenue of over US$ 450 Mn by the end of 2027. However two step technology is expected to grow at a higher CAGR than single step during the forecast period.
- On the basis of orientation type, rotary leads in terms of revenue, whereas linear dominates the market with a higher CAGR during the forecast period.
- On the basis of end use, the personal care and cosmetics industry dominates the global market with an expected growth at a CAGR of 2.4%. However, the beverages industry is anticipated to hold the maximum market valuation of over US$ 260 Mn by the end of 2027.
PET Stretch Blow Molding Machines Market: Competitive Landscape
This research report presents the competitive landscape of the PET stretch blow molding machines market with a complete profile of all the leading players in the industry. Some of the top companies profiled in the report are Krones AG, Sacmi Imola S.C., Nissei ASB Machine Co., Ltd., SMI S.p.A., Guangzhou Tech-Long Packaging Machinery Co., Ltd., KENPLAS Industry Ltd., W. Amsler Equipment Inc., Zhejiang Huangyan Lingma Plastic Machinery Co., Ltd. Etc
Major Paradigm Shift towards Bio-Based Materials and Flexible Packaging Formats Anticipated to Slow Down Shipment Rate
Considering that the packaging industry has upped its design-level innovations, manufacturers of carbonated and non-carbonated beverage brands have begun selling their products in alternative packaging formats such as cans and liquid cartons, thereby, limiting the demand for stretch blow molding machines.
Moreover, bio-based materials, given their superior recyclability feature, have found significant adoption in the overall packaging landscape. Manufacturers are more incline towards sustainable raw materials for their packaging solutions, restraining the scope of certain variants of stretch blow molding machine including PET Stretch Blow Molding machines. In addition, regulatory changes pertaining to the use of plastics in packaging could further hamper the sales growth of stretch blow molding machines, globally.
Japan Showcases Intense Competition between Stretch Blow Molding Machines Manufactures
- North America- The competition in North American stretch blow molding machines market is projected to represent moderate competitiveness.
- Latin America- Low to moderate intensity of competition is anticipated between manufacturers of stretch blow molding machines
- APEJ represents a low to moderate competition considering the presence of large number of stretch blow molding machines manufacturers in the region, offering an expansive product range.
- Eastern Europe is likely to witness moderate competition among manufactures owing to the varied product launches in the region coupled with a wide range of stretch blow molding machines applications.
- Japan, on the other hand, is anticipated to witness high competition among manufacturers of stretch blow molding machines. However, the competitive intensity could be reduced through more material innovations in bottles and machines.
- Intensity of competition in Western Europe remains moderate as more and more manufacturers show promising inclination towards sustainability.
- Lesser number of manufacturers in MEA, make for a moderate competition level in the region.
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What to Expect in Our Report?
(1) A complete section of the Global PET Stretch Blow Molding Machines market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Global PET Stretch Blow Molding Machines market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global PET Stretch Blow Molding Machines market.
(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global PET Stretch Blow Molding Machines market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusion of the research study provided in the Global PET Stretch Blow Molding Machines Market report.
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