What is Bottle Blowing Machine Market?
The global bottle blowing machine market is expected to grow at a significant rate during the forecast period, according to the AMA study. The growing demand for bottles from food & beverage and pharmaceutical industries is expected to drive the growth of the market globally. In addition, the growing production & demand for packaged drinking water is also expected to create the demand for bottle blowing machines market during the near future.
The market study is being classified by Type (Extrusion Blowing Machine, Injection Blowing Machine and Reheat & Blow Molding Machine), by Application (Consumer Goods, Food & Beverages, Pharmaceuticals and Others) and major geographies with country level break-up.
Aoki Technical Laboratory, Inc. (United States), CHUMPOWER MACHINERY CORPORATION (Taiwan), KHS Group (Germany), NISSEI ASB MACHINE CO.,LTD. (Japan), SACMI IMOLA S.C. (Italy), Krones AG (Germany), Sidel (Thailand), Bekum America Corporation (United States), Jomar Corp. (United States), SMI S.p.A. (Italy), Pet All Manufacturing Inc. (Canada), Kenplas Industry Ltd. (China) and GOLFANG Mfg. & Development Co., Ltd. (Taiwan) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing new and innovative bottle blowing solutions to cater to the industry demands in order to remain competitive in the global market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Bottle Blowing Machine market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bottle Blowing Machine market by Type, Application and Region.
On the basis of geography, the market of Bottle Blowing Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Production of Plastic Bottles for Drinking Water Industry
- Growing Demand for Bottles from Beverages Industry
- Increasing Demand from Pharmaceuticals Industry
Market Trend
- Increasing Adoption of Plastic & Recyclable Bottles
- Implementation of Artificial Intelligence in Machine Technologies
Restraints
- High Initial Installation Cost
Opportunities
- Rising Number of Bottling Plants Due to Growing Industries such as Food & Beverage, Pharmaceuticals, and Consumer Goods Industry which will create huge opportunities during the near future.
- Industry 4.0 will also Create Huge Opportunities for Market Vendors During the Forecast Period
Challenges
- The Outbreak of COVID-19 is Expected to Affect the Industries such as Consumer Goods, and Food & Beverage Industry due to Shut Down of Production Across the World
Market Leaders and some development strategies
In November 2018, Krones AG announced that it has completed the acquisition of MHT Holding AG (specializes in equipment for PET preforms) to expand its PET offerings.
In November 2018, KHS Group announced that it has launched its next generation of InnoPET Blomax stretch blow molder with a few new upgrades to their InnoPET Blomax stretch blow molder Series.
Key Target Audience
Bottle Blowing Machine Vendors, Bottle Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations