The blow molding machine market was estimated to be worth USD 4.37 billion in the year 2020, but as it is likely to rise at a CAGR of 3.87% from 2021 to 2028, it is anticipated to reach USD 5.92 billion by that time. The global market for blow molding machines is expected to continue to increase due to several important factors. The need for molded plastic products has increased, and these goods are typically produced in large quantities with labor at a reasonable cost.
Global Blow Molding Market:
The manufacturing method known as “blow molding” is mainly used to create hollow plastic pieces followed by compressed air using a tube-like tool with a hole in one end. Hence, air pressure is used to force the molten plastic into the desired shape. A blow molding machine is the tool that facilitates this blow molding process. Generally speaking, there are three different types of blow molding: extrusion, stretch molding, and injection molding. The process of blow molding is one that is frequently used to create a wide range of products, including plastic bottles, electronics, appliances and their parts, automotive parts, industrial containers, toys, toys, manufacturing industrial products, and developing a variety of other different types of plastic-based products.
Overview of the Global Blow Molding Machine Market:
The increased demand for goods manufactured of molded plastic is one factor driving the hydraulic molding machine market’s expansion. The blow molding machine market will grow due to the ability to streamline production while spending less on maintenance, cutting waste, and lowering lead times. The leading industry players’ innovations also can produce trustworthy, energy-efficient machines with capabilities for gas-assisted foam blow molding;
Blow Molding Machine Market, By Raw Material;
• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
Based on the raw materials used, the market is segmented into many categories, such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and others. The polyethylene (PE) product category currently holds a monopoly on the market due to the expanding use of PE compounds in the electrical and packaging industries.
Blow Molding Machine Market, By Application;
• Packaging
• Automotive
• Construction
The market is divided into packaging, automotive, construction, and other application-based sectors. Yet, because of the rising need for product packaging and the high degree of consumerism observed in emerging nations, these segments are predicted to increase more quicker.
Blow Molding Machine Market, By Geography;
• North America
• Europe
• Asia Pacific
• Rest of the world
The blow molding machine market is classified geographically into four regions: North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific holds the largest market share.
