![]() ![]() Increasing demand for plastic bottles supporting the sharp rise in stretch blow molding machines sales is attributed to the expansion of the FMCG, retail, and pharmaceutical industries. Several manufacturers are concentrating on sterilizing and expressing interest in automation. ![]() Burgeoning Demand for Customized Containers to Fuel SalesĮuropean nations like Germany, Italy, France, and others have witnessed increasing levels of automation, which has made it possible for manufacturers to create PET bottles more quickly and effectively. ![]() Top Trends Pushing the Demand for PET Stretch Blow Molding Machines Escalating industrialization and improvement in technology are a couple of other significant factors propelling demand in the PET stretch blow molding machines market. Growth in the packaged drinks market in the last few years is also likely to drive sales of PET stretch blow molding machines. Moreover, the expansion of the pharmaceutical and cosmetics industries in recent times is set to contribute to increased PET stretch blow molding machine sales in the global market. Increased demand for plastic PET bottles by numerous brands is rising globally because of the clarity provided by these bottles, which allows for customizing their aesthetics by the application of attractive labels. PET is a recyclable material that is projected to be adopted by many brands for packaging. Also, PET bottles had extensive usage in the packaging of various liquid-based products as they are considered to be lightweight and cost-effective solutions. The global PET stretch blow molding machines market has anticipated a CAGR of 1.4% during the historical period with a market value of US$ 735.2 Million in 2022 from US$ 675.3 Million recorded in 2017.ĭuring the historical period, the PET stretch blow molding machines demand was fueled by increased production and consumption of beverages. Global PET Stretch Blow Molding Machines Market Estimated Size (2023E)Ĭollective Value Share: Top 3 Countries (2023E)Ģ017 to 2022 PET Stretch Blow Molding Machines Market Outlook Compared to 2023 to 2033 Demand Forecast The PET stretch blow molding machines industry is predicted to expand 1.3 times throughout the assessment period. ![]() The personal care & cosmetics industry is set to fuel the demand for PET stretch blow molding machines. The PET stretch blow molding machines industry is anticipated to create an incremental growth opportunity of US$ 243.2 Million during the projected time frame. Considering the increased application of PET bottles in packaging, the market is projected to witness robust growth throughout the estimated time frame. The single-step PET stretch blow molding machines segment is likely to surge 1.4 times during the forecast period.Īccording to Future Market Insights, the PET stretch blow molding machines industry revenue boomed to US$ 735.2 Million in 2022. In two-step blow molding machines, on the other hand, a preform is blow molded and then stored for some period of time, maybe up to 1 to 4 days, and then blown into containers by using reheat blow machines.īased on technology type, the single-step segment is projected to create an absolute dollar growth opportunity in the global market for PET stretch blow molding machines due to increasing production rates of manufacturing industries. It is then blown into containers by inserting the mold in a single stretch, which forms a continuous process. In single-step blow molding machines, a preform is molded and conditioned at the proper temperature. Single-step and two-step PET stretch blow molding machines are available in the market for purchase. PET stretch blow molding machines are widely used by manufacturers, and easily available in the market in various types and models. PET stretch blow molding machines are extensively used by large-scale bottle manufacturing industries for faster production. PET stretch blow molding machines produce a large number of PET bottles that are used for packaging purposes in various end-use industries. Substantially increased production outputs in manufacturing industries are the result of the increased use of automation for producing a large number of products. By the end of 2022, the top 5 PET stretch blow molding machine providers are projected to capture nearly 15 to 20% of the market. A valuation of US$ 978.4 Million is set to be registered by the market by the end of 2033. The global PET stretch blow molding machines market is set to gain a valuation of US$ 760.0 Million in 2023 and is going to further expand at a CAGR of 2.9% from 2023 to 2033. PET Stretch Blow Molding Machines Market Outlook (2023 to 2033) ![]()
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