Global Stretch Blow Molding Machine Market – Industry Trends and Forecast to 2030

Stretch Blow Molding Machine Market Analysis and Size

Stretch blow molding machines are used in various industries to create plastic bottles, containers and jars. The increasing demand for lightweight packaging is projected to boost the demand for stretch blow molding machines in the global market. Further, the augmented preference for bottled water is speculated to be another potent reason to drive the market in the upcoming year.

Data Bridge Market Research analyses that the stretch blow molding machine market was valued at USD 939.81 million in 2022 and is expected to reach USD 1266.54 million by 2030, registering a CAGR of 3.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Stretch Blow Molding Machine Market Scope and Segmentation

Market Definition

Stretch blow molding is a manufacturing technique that works well for a variety of applications in a wide range of business sectors. The stretch blow molding is an engineering process which is used to create hollow plastic bottles used for juice and water. Stretch blow molding machine is used in the manufacturing of bottles and jars among other types of containers. This machine stretches and molds molten plastic into the appropriate container shape. This machine is widely used to manufacture containers for the packaging, transportation, building and construction, electrical and electronic, and other industries.

Global Stretch Blow Molding Machine Market Dynamics

Drivers

• Increasing demand of stretch blow molding in numerous sector

The growth and expansion of many industries involved in packaging products such as medicine and food and beverages has contributed to the growth of the packaging sector. As a result of this, there is an increase in the demand for the stretch molding machine for manufacturing tubes, bottles and other packaging products. Thus, the growing demand for stretch blow molding in numerous industries is anticipated to drive the market's growth rate.

• Increasing introduction of new products

Established stretch blow moulding machine market players are concentrating on introducing new products and next-generation models to take advantage of the current prospects. For instance, W.Amsler announced the introduction of L42X, a new four-cavity, all-electric reheat stretch blow moulder, in 2018. L42X can produce containers with a maximum capacity of 2 litres using four cavities and up to 5 litres using two cavities. This new product launch will drive the growth of the stretch blow molding machine market.  

Opportunities

• Surging product innovation

The growing awareness regarding the negative effects of alcohol usage and the increasing prevalence of liver illnesses, consumer demand for juices, soft drinks, flavoured waters, and other beverages has significantly increased the demand for the stretch blow molding machine and create lucrative opportunities for the growth of the market across the world. Leading stretch blow moulding machines market companies in Germany are progressively concentrating on launching goods with large production capacities in order to assist non-alcoholic beverage producers meet the spike in demand. For instance, KHS, a German producer of packaging equipment, declared the introduction of its new stretch blow moulder, InnoPET Blomax Series V, in 2018. This machine can create up to 90,000 PET bottles per hour, ranging in capacity from 0.2 to 3 litres. Through 2022, it is predicted that these advancements will help Europe capture about 17.3% of the global market share.

Restraints/ Challenges

• Disadvantages associated with stretch blow molding machine market

In blow molding process, plastic is used as raw material in the form of pallets or powder. The increase in the taxes and stringent governmental policies for banning the usage of plastic may be hamper the growth of the stretch blow molding machine market during mentioned period.  Also, the stretch blow molding machine is used for a large scale production so, these machines are not possible for rural industrial areas owing to low output and high maintenance and installation cost. These are the major factor that hampers the overall growth of the stretch blow molding machine market.        

This stretch blow molding machine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growth  application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the stretch blow molding machine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Stretch Blow Molding Machine Market

The demand for drinking equipment, flexible packaging, and blow molding has doubled as a result of the COVID-19 (coronavirus) pandemic. Consumer demand for essential products such as hand soaps, hand sanitizers, and other cleaning products is driving up the demand for the all type of blow molding machine such as injection-stretch and extrusion.  An unprecedented demand for sanitizing and cleaning products has generated value-grab opportunities for companies in the stretch blow molding machine market. The demand for beverages including juices, water, and beer is increasing as a result of people spending more time at home and self-quarantining. Thus, the covid-19 left positive impact on the the stretch blow molding machine market

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Stretch Blow Molding Machine Market Scope

The stretch blow molding machine market is segmented on the basis of raw material, technology type, product type, orientation type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Material

• Polyethylene
• Polyethylene Terephthalate
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Others

 Technology Type

• Single Step
• Two Step

Product Type

• Automatic Type
• Semi-Automatic Type

 Orientation Type

• Rotary Stretch Blow Molding Machines
• Linear Stretch Blow Molding Machines

End-Use

• Packaging
• Transportation
• Building and Construction
• Electrical and Electronic
• Others

Stretch Blow Molding Machine Market Regional Analysis/Insights

The stretch blow molding machine market is analyzed and market size insights and trends are provided by country, raw material, technology type, product type, orientation type and end-use as referenced above.

The countries covered in the stretch blow molding machine market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the stretch blow molding machine market in terms of market share and revenue. This is due to rising usage of single step stretch blow molding machines for the mass production of single serve and small size  medical bottles such as cough syrup bottles in the pharmaceutical sector is favoring the growth in the market in this region.

North America is expected to be the fastest developing region during the forecast period of 2023-2030 due to increasing consumer inclination towards adopting on-the-go beverages. The growing fast-paced lifestyle of individuals is increasing the demand for easy-to-carry and innovative packaging solutions due to which propelling the demand of stretch blow molding machine in market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Stretch Blow Molding Machine Market Share Analysis

The stretch blow molding machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to stretch blow molding machine market.

Some of the major players operating in the stretch blow molding machine market are:

• ASB International Private Limited (India)
• Aoki Technical Laboratory, Inc (Japan)
• Milacron (U.S.)
• RandB Plastics Machinery, LLC (U.S.)
• Guangzhou Tech-Long Packing Machine Co Ltd (China)
• Sacmi (Italy)
• Amsler Equipment Inc (Canada)
• NISSEI ASB MACHINE CO., LTD. (Japan)
• SMF Maschinenfabrik GmbH (Germany)
• Sidel (France)
• Quinko Fujian Machinery Industrial Co., Ltd. (China)
• Bekum America Corporation (U.S.)
• KHS Gruppe (Germany)
• Pet All Manufacturing Inc. (Canada)
• Krones AG (Germany)
• FlexBlow (Lithuania)
• Meccanoplastica (Italy)
• W. Amsler Equipment Inc. (Canada)

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