Future Market Insights (FMI) presents a positive growth outlook in PET stretch blow molding market survey. As per the analysis, PET stretch blow molding machines demand will rise at a year-on-year (YoY) growth of 2.3% in 2021 to total 3720 units by the end of the year.
With demand for PET water bottles rising at a consistent pace, the sales of PET stretch blow molding machines will increase at 2.2% CAGR during the forecast period. In terms of overall valuation, the market is expected to surpass US$ 715 Mn in 2021.
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
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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: 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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High Cost of PET Stretch Blow Molding Machines Might Hinder Growth
There is a high cost associated with PET stretch blow molding machines, commonly costing over US$ 100,000 and are manufactured to produce large volume outputs in a single run.
PET stretch blow molding machines can manufacture at least 15,000 bottles per hour. These machines can prove to be economical for big manufacturers who require large scale production.
But this creates a barrier for other rural industries. If these machines are forced to manufacture small volume outputs, manufacturers won't be able to fetch adequate profit, as they consume the same amount of energy in a single run irrespective of the volume of output.
Key Segments Covered in PET Stretch Blow Molding Machines Market Study
By Technology Type:
By Orientation Type:
By End Use Industry:
- Personal Care & Cosmetics
- Others (Homecare, etc.)
- North America
- Latin America
- Middle East and Africa
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Stretch Blow Molding Machines Market: The global stretch blow molding machines market is predicted to hold a market value of US$ 984 Mn by 2027
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Sugarcane Based PET Bottles Market: Sugarcane Based Pet Bottles market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape
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Original Source of the original story >> Two Step PET Stretch Blow Molding Machines to Prove More Economical in the Near Future | Future Market Insights, Inc.
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