Stretch Blow Molding Machines Market Is Predicted To Hold A Market Value Of US$ 984 Mn By 2027

Press Release from Future Market Insights

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.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.

The Stretch Blow Molding Machine market investigates the future performance of the industry with special attention to the major factors influencing the business dynamics such as the growth propellers, restraints, and opportunities. Moreover, it offers a detailed view of the picture of the industry through a granular assessment of its segments. The report also deeply explores the competitive dynamics of this domain with respect to the major players, emerging contenders, and new entrants.

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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.

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.

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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
  • Others

By Region :

  • North America
  • Europe
  • Latin America
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  •  Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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