Plastic Blow Molding Machine Market Size, Share & Trends Analysis Report By Technology (Injection Stretch, Injection, Extrusion), By End-use (Packaging, Automotive), By Region, And Segment Forecasts, 2023 - 2030

Plastic Blow Molding Machine Market Growth & Trends

The global plastic blow molding machine market size is anticipated to reach USD 4.04 billion by 2030, growing at 3.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. High demand for packaged goods in the food and beverage industry, increasing use of plastic blow molding machines in the production of industrial and automotive components, and rising need for plastic packaging solutions in the pharmaceutical industry are major factors driving market revenue growth.

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

Plastic packaging alternatives are in high demand in the pharmaceutical business because they protect drugs from contamination and extend their shelf life. Plastic blow molding machines are used to create containers, plastic bottles, and vials, often used as packaging materials in the pharmaceutical industry. For instance, Bekum Maschinenfabriken GmbH announced the introduction of the BM 902D, a new, high-performance blow molding machine, in 2021. The machine has a cutting-edge hydraulic system and an intuitive user interface and is built to create massive parts with excellent precision and productivity.

Growing preferences for molded plastic products, rising demand due to the material's flexibility, rising demand due to the prevalence of low labor costs, and low waste production are some of the factors that will likely propel the growth of the plastic blow molding machine industry over the forecast period. On the other hand, as technology continues to progress, it will create more potential for the market for plastic blow molding machines to expand over the coming years. For instance, Taiwan-based Parker Plastic Machinery Co. Ltd., a producer of plastic blow molding machines, offers its fully electric plastic blow molding machines. It is growing in recognition for its high-performance hydraulic power-saving technology.

The demand for non-beverage and beverage applications is being met by the invention of plastic blow molding machines. For plastic makers, maintaining the consistency of the compressed air could be difficult. As a result, manufacturers of plastic blow molding machines are expanding their selection of systems that operate at low and high pressures without interfering with other processes. Due to the rapid development of PET-bottle-blowing applications, manufacturers are stepping up their R&D efforts to create cutting-edge plastic blow molding equipment. For instance, in 2020, Nissei ASB Machine Co., Ltd. developed a new blow molding machine that can produce 1,000 PET bottles per minute. To produce parts quickly and accurately, the machine has a novel mold clamping mechanism and cutting-edge heating technology.

Manufacturers of plastic blow molding machines are looking for partnerships, mergers, and acquisitions to diversify their product offerings and boost output. To meet the growing demand from application sectors such as packaging, automotive, electronics, medical, construction, consumer goods, and others, manufacturers are also concentrating on expanding their manufacturing facilities.

Plastic Blow Molding Machine Market Report Highlights

• The injection stretch technology segment accounted for 52.5% of the global revenue share in 2022. The growing trend toward sustainable packaging and consumer desire for lightweight, break-resistant bottles and containers are both expected to drive growth in the market for injection stretch molding machines
• The packaging end-use segment accounted for a 34.8% share of the global revenue in 2022. The packaging market is constantly evolving as firms seek new, ecologically responsible packaging choices that also meet their specific requirements. Due to its high level of flexibility and ability to be tailored in terms of form, size, and material, several packaging manufacturers prefer plastic blow molding machines
• Asia Pacific accounted for around 38.6% of the global revenue share in 2022. The region’s packaging industry's efficiency and productivity have increased owing to the use of cutting-edge technology in plastic blow molding machines such as automation and robotics, which has increased demand for these machines in this region
• In 2021, the BM 902D, a new high-performance blow molding machine, was introduced by Bekum Maschinenfabriken GmbH. The machine has an advanced hydraulic system and an intuitive user interface, and it is made to create huge parts with great precision and productivity

Please note The report will be delivered in 4-8 business days upon order notification.