The PET bottle blow molding machine market was valued at $0.9 billion in 2023, and is projected to reach $1.2 billion by 2032, growing at a CAGR of 3.1% from 2024 to 2032.
Blow molding machine, specifically designed for high-density polyethylene terephthalate (PET) bottles, is a manufacturing process used to create hollow plastic parts, such as bottles and containers, by inflating heated plastic into a mold cavity. It plays a critical role in producing lightweight, durable, and recyclable PET bottles, which are in high demand across various industries due to their cost-effectiveness and environmental benefits. Moreover, the machine exhibits high production efficiency and the ability to produce complex bottle shapes, which makes it an essential equipment in the plastic manufacturing industry, particularly for creating containers used in the beverage, food, pharmaceutical, and personal care sectors.
The growth of the global PET bottle blow molding machine market is majorly driven by increase in consumption of bottled beverages, including water, soft drinks, juices, and alcoholic drinks and higher cost efficiency associated with PET bottles as compared to other packaging materials due to lower transportation and handling costs. As per a 2020 study published in Elsevier - Dutch academic publishing company specializing in scientific, technical, and medical content - PET is the third most widely diffused polymer exploited in the packaging industry that covers almost the 16% of the European plastic consumption in the packaging industry. Furthermore, shift toward on-the-go consumption and convenience packaging and surge in demand for single-serve and portable beverage containers significantly foster the demand for PET bottle blow molding machines. In addition, rise in emphasis on sustainable packaging solutions and recycling and increase in initiatives to adopt sustainable practices boost the market growth. For instance, many countries have adopted the circular economy approach that focuses on extending the lifecycle of products, minimizing waste, and making the most of resources. The European Union has been a pioneer in promoting circular economy practices through policies and regulations such as the Circular Economy Action Plan, which aims to make Europe a leader in sustainable resource management and waste reduction. However, significant capital required for purchasing and setting up blow molding machines acts as barrier for the market growth, particularly for small and medium-sized enterprises. In addition, complexities associated with the operation of blow molding machine coupled with dearth of skilled labor and specialized training limit their adoption, thus restraining the market growth. Despite being recyclable, PET bottles can contribute to environmental pollution if not properly disposed of or recycled, thus increasing environmental concerns with accumulation of PET waste in landfills and oceans. Moreover, the recycling process of PET is complex and incurs additional cost, which significantly hampers the market growth. On the contrary, innovations in machine design and manufacturing processes, leading to higher production rates and improved product quality, are expected to offer lucrative opportunities for the expansion of the global market during the forecast period. In addition, the development of more efficient and automated blow molding machines is anticipated to open new avenues for the market growth in the coming years.
The PET bottle blow molding machine market is segmented into machine type, technology, end user, and region. By machine type, it is categorized into injection stretch blow molding machines (ISBM), extrusion blow molding machines (EBM), stretch blow molding machines (SBM), injection blow molding machines (IBM), and others. On the basis of technology, it is classified into single stage, two stage, and hybrid. Depending on end user, it is fragmented into food & beverages, pharmaceuticals, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Depending on technology, the two-stage machine acquired the largest share in 2023.
By end user, the food & beverages segment emerged as the major shareholder in 2023.
Region wise, Asia-Pacific is expected to dominate the PET bottle blow molding machine market by 2032.
Blow molding machine, specifically designed for high-density polyethylene terephthalate (PET) bottles, is a manufacturing process used to create hollow plastic parts, such as bottles and containers, by inflating heated plastic into a mold cavity. It plays a critical role in producing lightweight, durable, and recyclable PET bottles, which are in high demand across various industries due to their cost-effectiveness and environmental benefits. Moreover, the machine exhibits high production efficiency and the ability to produce complex bottle shapes, which makes it an essential equipment in the plastic manufacturing industry, particularly for creating containers used in the beverage, food, pharmaceutical, and personal care sectors.
The growth of the global PET bottle blow molding machine market is majorly driven by increase in consumption of bottled beverages, including water, soft drinks, juices, and alcoholic drinks and higher cost efficiency associated with PET bottles as compared to other packaging materials due to lower transportation and handling costs. As per a 2020 study published in Elsevier - Dutch academic publishing company specializing in scientific, technical, and medical content - PET is the third most widely diffused polymer exploited in the packaging industry that covers almost the 16% of the European plastic consumption in the packaging industry. Furthermore, shift toward on-the-go consumption and convenience packaging and surge in demand for single-serve and portable beverage containers significantly foster the demand for PET bottle blow molding machines. In addition, rise in emphasis on sustainable packaging solutions and recycling and increase in initiatives to adopt sustainable practices boost the market growth. For instance, many countries have adopted the circular economy approach that focuses on extending the lifecycle of products, minimizing waste, and making the most of resources. The European Union has been a pioneer in promoting circular economy practices through policies and regulations such as the Circular Economy Action Plan, which aims to make Europe a leader in sustainable resource management and waste reduction. However, significant capital required for purchasing and setting up blow molding machines acts as barrier for the market growth, particularly for small and medium-sized enterprises. In addition, complexities associated with the operation of blow molding machine coupled with dearth of skilled labor and specialized training limit their adoption, thus restraining the market growth. Despite being recyclable, PET bottles can contribute to environmental pollution if not properly disposed of or recycled, thus increasing environmental concerns with accumulation of PET waste in landfills and oceans. Moreover, the recycling process of PET is complex and incurs additional cost, which significantly hampers the market growth. On the contrary, innovations in machine design and manufacturing processes, leading to higher production rates and improved product quality, are expected to offer lucrative opportunities for the expansion of the global market during the forecast period. In addition, the development of more efficient and automated blow molding machines is anticipated to open new avenues for the market growth in the coming years.
The PET bottle blow molding machine market is segmented into machine type, technology, end user, and region. By machine type, it is categorized into injection stretch blow molding machines (ISBM), extrusion blow molding machines (EBM), stretch blow molding machines (SBM), injection blow molding machines (IBM), and others. On the basis of technology, it is classified into single stage, two stage, and hybrid. Depending on end user, it is fragmented into food & beverages, pharmaceuticals, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Key Findings
On the basis of machine type, the extrusion blow molding machines (EBM) segment held the highest market share in 2023.Depending on technology, the two-stage machine acquired the largest share in 2023.
By end user, the food & beverages segment emerged as the major shareholder in 2023.
Region wise, Asia-Pacific is expected to dominate the PET bottle blow molding machine market by 2032.
Competition Analysis
Competitive analysis and profiles of the major players in the global Pet Bottle Blow Molding Machine Market include Sidel Group., Krones AG, Nissei ASB Machine Co., Ltd., SIPA S.p.A., Aoki Technical Laboratory, Inc., KHS GmbH., SMI S.p.A., SACMI Group, Kautex Maschinenbau GmbH, and Jomar Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold and sustain the intense competition.Additional benefits you will get with this purchase are:
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Key Market Segments
By Machine Type
- Injection Stretch Blow Molding Machines (ISBM)
- Extrusion Blow Molding Machines (EBM)
- Stretch Blow Molding Machines (SBM)
- Injection Blow Molding Machines (IBM)
- Others
By Technology
- Single Stage
- Two Stage
- Hybrid
By End User
- Food Beverages
- Pharmaceuticals
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Sidel Group.
- Krones AG
- Nissei ASB Machine Co., Ltd.
- SIPA S.p.A.
- Aoki Technical Laboratory, Inc.
- KHS GmbH.
- SMI S.p.A.
- SACMI Group
- Kautex Maschinenbau GmbH.
- Jomar Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: PET BOTTLE BLOW MOLDING MACHINE MARKET, BY MACHINE TYPE
CHAPTER 5: PET BOTTLE BLOW MOLDING MACHINE MARKET, BY TECHNOLOGY
CHAPTER 6: PET BOTTLE BLOW MOLDING MACHINE MARKET, BY END USER
CHAPTER 7: PET BOTTLE BLOW MOLDING MACHINE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Sidel Group.
- Krones AG
- Nissei ASB Machine Co., Ltd.
- SIPA S.p.A.
- Aoki Technical Laboratory, Inc.
- KHS GmbH.
- SMI S.p.A.
- SACMI Group
- Kautex Maschinenbau GmbH.
- Jomar Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 203 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 0.9 billion |
| Forecasted Market Value ( USD | $ 1.2 billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
