Global Extrusion Blow Moulding Machines Market 2024

Global Extrusion Blow Moulding Machines Market 2024

The market for extrusion blow moulding machines is witnessing significant demand across regions due to the availability of a wide range of machines for various applications. The increasing demand for molded plastics in the medical and consumer goods sectors, coupled with a growing emphasis on plastic recycling, is expected to drive market growth during the forecast period. The extrusion blow moulding method is particularly suitable for producing medium to large complex geometric hollow parts, catering to industries with highly technical requirements such as HVAC ducts, DEF tanks, and lawn mower seats. Additionally, the demand for containers and closures, specifically from the packaging and automotive sectors, is projected to fuel the demand for the extrusion blow moulding method in the coming years.

The continuous extrusion blow moulding machines market is estimated to be valued at USD 344 million in 2023, with a projected growth to reach USD 464 million by 2029, registering a compound annual growth rate (CAGR) of 4.4% during the forecast period. This process involves an extruder that mixes, melts, and feeds the resin under pressure, while extrusion dies create tube shapes of molten plastic. The continuous process forms a tube called a parison, which is then placed inside the product blow mold. The mold, usually consisting of two halves mounted on platens, is opened and closed by clamp systems.

The food and beverage extrusion blow moulding machines market is estimated to be valued at USD 142 million in 2023, with a projected growth to reach USD 180 million by 2029, registering a CAGR of 3.4% during the forecast period. Blow moulding machines with high-speed capacities are commonly used for manufacturing water bottles, beverage bottles, and food packaging. These machines have the capability to produce over 2000 pieces of bottles in an hour and are widely employed in the market for plastic molding applications.

The Asia Pacific region is expected to witness the highest CAGR in the extrusion blow moulding machines market during the forecast period. Market players have shifted their focus to emerging countries like India, China, Japan, Malaysia, and others, as growth opportunities in developed regions have stagnated. This shift is primarily due to the inclusion of major producers and exporters such as China, India, and Japan in the market, presenting lucrative growth prospects in the region.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the equipment, end-user, component, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global baby bottle market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for extrusion blow moulding machines can be segmented by equipment: continuous, intermittent. Continuous was the largest revenue contributor to the global extrusion blow moulding machines market, representing 64.1% of the market in 2023. During the forecast period, the continuous segment is projected to witness the highest growth rate.

Extrusion blow moulding machines market is further segmented by end-user: food and beverage, pharmaceuticals, personal care, consumer, others. Food and beverage was the highest contributor to the global extrusion blow moulding machines market, with 26.5% share in 2023. Going forward, the personal care segment is projected to witness the highest CAGR during the forecast period.

Based on component, the extrusion blow moulding machines market is segmented into: bottles, barrel, IBCs, liners, others. Bottles was the largest revenue contributor to the global extrusion blow moulding machines market in 2023 and is anticipated to show the highest growth rate during the forecast period.

On the basis of region, the extrusion blow moulding machines market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific was the largest revenue contributor to the global extrusion blow moulding machines market in 2023 and is anticipated to show the highest growth rate during the forecast period.

The report has also analyzed the competitive landscape of the global extrusion blow moulding machines market with some of the key players being BBM Maschinenbau und Vertriebs GmbH, Bekum Maschinenfabrik GmbH, Entegris, Inc., GDK spol. s r.o., Graham Engineering Corporation, Greif, Inc., Hexagon Purus ASA, Kautex Maschinenbau GmbH, Mauser Packaging Solutions Holding Co, Meccanoplastica Group, S.I.P.A. S.p.A., Schuetz GmbH & Co. KGaA, ST BlowMoulding SA, SuZhou Bestar Blow Molding Machinery Co., Ltd., Suzhou Jwell Machinery Co., Ltd., Uniloy Milacron Inc., Zhejiang Lingma Plastic Machine Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Market Segments Covered in Global Extrusion Blow Moulding Machines Industry Analysis:

i.) Equipment

• Continuous
• Intermittent

ii.) End-user

• Food and beverage
• Pharmaceuticals
• Personal care
• Consumer
• Others

iii.) Component

• Bottles
• Barrel
• IBCs
• Liners
• Others

iv.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America