Global Blow Molding Machine Market - 2021-2028

Global Blow Molding Machine Market - 2021-2028

Market Overview

The global blow molding machine market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

A blow molding machine is used for forming and joining together hollow plastic parts, glass bottles or other hollow shapes. There are three major blow molding machines: extrusion blow molding, injection blow molding and injection stretch blow molding (ISB). The blow molding process starts with melting down the plastic and forming it into a parison or a pre-form in the case of injection stretch blow molding. In addition, the parison is a tube-like piece of plastic with a hole in one end through which compressed air can pass.

The machines are widely used in several industries, including chemical, automobile, lubricant, edible oils, pharmaceuticals, FMCG, plastic packaging and others. The surge in demand for sanitizing and cleaning products has fueled the adoption of blow molding machines to manufacture sanitizers, hand soaps and hydrogels.

Market Dynamics

Technological advancement such as high-speed, fully electric and foam blow molding technologies results in more efficient blow molding machines are expected to drive the market. However, the processing limitation of blow molding machines and substitutes is expected to hamper the market growth.

Technological advancement such as high-speed, fully electric and foam blow molding technologies results in more efficient blow molding machines that are expected to drive the market

The technological innovations in stretch blow molding machines results in high stretch blow machines are becoming increasingly commonplace. The machines can produce superior-quality bottles used in F&B, packaging and transportation applications, thus attracting the manufacturer. For instance, Pet All Manufacturing Inc., a Canadian company, develops high-speed stretch blow molding machines that ensure quickly changing molds.

Besides, the blow molding machine market is witnessing a transformation by introducing new foam blow molding technologies that are innovative and highly economical. For instance, W. MÜLLER GmbH, a blow molding technology provider, aims to manufacture foam blow mold containers successfully using their tri-layer technology. Its thin cover layers combined with a foamed core ensure high rigidity in containers and thus reduce their weight.

Moreover, fully electric blow molding machines are creating business opportunities for companies. For instance, Parker Plastic Machinery Co. Ltd., a blow molding machine manufacturer in Taiwan, promotes its full-electric blow molding machines in the market and is acquiring popularity for its high-performance hydraulic power saving system.

The processing limitation of blow molding machines and substitutes are expected to hamper the market growth

The blow molding machines are limited to hollow parts, which means that these machines are suitable for only hollow parts and not solid parts. Therefore, it becomes a major disadvantage of the blow molding machine market. Furthermore, the blow molding machine experiences difficulties with wall thickness, which is difficult to control when processing plastic parts.

Moreover, the major substitutes for blow molding machines are roto-molding machines. A roto-molding machine is primarily used to produce large holding tanks, while blow molding is restricted to a lesser holding capacity.

COVID-19 Impact Analysis

The COVID-19 pandemic positively impacted the blow molding machines market, doubling the demand for blow molding, flexible packaging and beverage machinery. The demand for blow molding machines such as injection-stretch and extrusion is surging, as consumers need essential goods such as sanitizers, hand soaps and other cleaning products.

Moreover, the unprecedented demand for cleaning and sanitizing products has created value-grab opportunities for companies in the blow molding machine market. For instance, individuals spend most of their time at home while self-quarantining, the demand for beverages, including beverages juices, water and beer, is also growing.

Segment Analysis

Based on type, the global blow molding machine market is segmented into the extrusion molding machine, injection molding machine and injection stretch molding machine.

An extrusion blow molding machine forms a hollow tube by forcing material between a die and a mandrel. A mold cavity comprises two halves that close the parison and seal the bottom. Blow pins are embedded into the top of the tube that forms the neck. After cooling, the mold opens and the container is removed of excess plastic or flash. Flash is a basic characteristic of extrusion blow molding, formed when the mold pinches off the parison.

Extrusion molding machine provides the flexibility of tooling in which molds can accommodate interchangeable neck finishes and body sections. In addition, it provides flexibility in production in which inner neck diameters can be easily controlled to varying requirements. Because of this, it is low initial mold tooling costs and cost-effective compared to other types.

CKS Packaging provides a unique building block concept of mold design in which a tool can start as a one cavity tool and additional cavities can be added over time as per requirements grow to run as 2, 3, 4, 6 and 8 cavity molds.

Geographical Analysis

Based on the geography, the global blow molding machine market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa.

North America is projected to dominate the global blow molding machine market during the forecast period. Most manufacturers operating in North America are extensively engaged in launching new product lines of blow molding machines for the global plastic market. For instance, in December 2017, Jomar Corp. announced the launch of its new injection blow molding machine called the TechnoDrive 65 IBM.

The machine is a high-speed, high-production model of the Jomar Model 65. The TechnoDrive 65 is the most popular machine size for Asia and India. In addition, the TechnoDrive 65 IBM machines have a dry cycle time of 1.8 seconds, one second faster than the standard hydraulic Jomar 65. The machine further widens the gap and increases Jomar's lead for having the highest output per square foot among injection blow mold machines.

Competitive Landscape

The global blow molding machine market is moderately competitive with several end-use industries, resulting in high investment by multinational and local companies, contributing to the major share in the market growth. In addition, major players contributing to the market's growth are Bekum Maschinenfabrik GmbH, The Japan Steel Works, Ltd., PARKER PLASTIC MACHINERY CO., LTD, GOLFANG Mfg. & Development Co., Ltd., Jiangsu Victor Machinery CO., Ltd, Jomar Corp., SuZhou Bestar Blow Molding Technology Co., Ltd., SUMA Plastic Machinery Co., ltd, Universal Machinery & Services and others. In addition, the companies are adopting growth strategies such as expansions, acquisitions, product launches and collaborations, contributing to the market growth globally.

Overview: Bekum Maschinenfabrik GmbH is a German company manufacturing extrusion blow-molding machines. Hollow articles such as bottles and canisters are made from plastic using the machines. The company has numerous inventions and patents on blow molding machines. The company is headquartered in Berlin, Germany.

Product Portfolio: Bekum Maschinenfabrik GmbH offers blow molding machines categorized into a packaging machine, industrial machine, large blow molders, economical line, H-machines and others.

Key Development:
• On July 22, 2019, Bekum Maschinenfabrik GmbH launched Concept 808 at K2019, a newly designed blow molding machine. The machine has an intuitive touchscreen called Bekum Control 8.0 and a multi-cavity three-layer application.

Why Purchase the Report?
• Visualize the composition of the global blow molding machine market segmentation by type, raw material, end-user and region, highlighting the key commercial assets and players.
• Identify commercial opportunities in the global blow molding machine market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of global blow molding machine market - level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global blow molding machine market report would provide access to an approx. 61 market data table, 59 figures and 180 pages.

Target Audience
• Manufacturers of molding machine
• OEM Manufacturers
• Packaging Companies
• Traders, Distributors and Suppliers of Blow Molding Machine
• Industrial Packaging Companies
• Investment Research Firms