The Pet Blow Moulder Market is expanding at a compound annual growth rate of 4.3% over the period, 2022-2029.
The factors driving the growth of Pet Blow Moulder Market includes growing demand for recyclable, safe and lightweight bottled water, rise in the consumption of soft drinks, alcoholic and non-alcoholic beverages and convenient packaging solutions offered by manufacturers. According to the report published by Statista, the revenue generated from the sales of bottled water products in India is expected to reach USD 5.55 billion by the end of 2022, growing at a CAGR of 4.97% over the forecast period (2022-2026), which will accelerate the Pet Blow Moulder Market size. Moreover, expansion of pharmaceutical and personal care industries, technological advancements in Injection blow moulding machines and rise in the launch of innovative products, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, strategic mergers, and collaborations between key industry players, rapid urbanization, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Pet Blow Moulder Market is hindered due to strict policies regarding the use of plastics,
The leading players operating in the market are Pet All Manufacturing Inc., R&B Plastics Machinery, LLC, Sipa. S.p.A., Custom-Pak Inc., TechLong International Inc., Pretium Packaging, PET Technologies Group, Nissei Asb Machine Co., Ltd., Jomar Corporation, and KHS Group among others.
Based on Machine, the Automatic PET Blow Moulder segment is predicted to grow at a significant CAGR during the forecast period
PET Blow Moudler machines require low maintenance, smoothen operations along with its increasing use in manufacturing plastic bottles, jars and mineral water bottles, are some of the factors responsible for the segment’s growth.
Based on Technology, the Stretch segment is projected to grow at a robust CAGR over the forecast period
PET Blow Stretching technology enhanced tensile strength, minimizes weight of the containers and is increasing used for manufacturing bottles, are propelling growth of the segment.
Based on Region, the North American region is anticipated to grow at a remarkable CAGR during the forecast period
Growing adoption of advanced technologies by manufacturers, increasing demand for bottled water rapid growth in the pharmaceutical industry, improved living standards, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Key Developments
- In 2021, PET Technologies launched a new generation of flexible PET stretch blow moulding machines, part of the APF-Max blow moulder. The APF-Max blow moulder is equipped with the special short-wave near infrared heating system (NIR), which helps in minimizing energy consumption of blow moulder.
- In 2020, Pretium Packaging, invested around USD 5 million in the polyethylene terephthalate (PET) expansion project, for purchasing new stretch-blow moulding equipment and infrastructure across six of its 19 manufacturing locations.
Market Segmentation
Segmentation by Machine
- Automatic PET Blow Moulder
- Semi-Automatic PET Blow Moulder
- Manual PET Blow Moulder
Segmentation by Technology
- Extrusion
- Injection
- Stretch
Segmentation by End-Use Industry
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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