Blow moulding market growth attributed to robust demand from industries

The global blow moulding machine market size was US$3.64 billion in 2022 and is expected to reach US$5.41 billion in 2032, and register a revenue CAGR of 4.5% during the forecast period, according to a study by Reports and Data. High demand for packaged goods in the food and beverage industry, increasing use of blow moulding 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. Revenue growth of the market for blow moulding machines is expected to be driven by increasing use of automation in production processes.

The food and beverage industry is observing high demand for packaged items due to shifting customer preferences and rising popularity of convenience foods. Use of blow moulding machines in the packaging sector has increased over time since they can provide high-quality and lightweight packaging solutions. Need for blow moulding machines is also expected to increase with the move towards sustainable and eco-friendly packaging. Moreover, the production of industrial and automotive parts including fuel tanks, ducting, and automobile air intake manifolds is using blow moulding equipment more. Demand for lightweight and fuel-efficient automobiles is driving demand for blow moulding machines in the production of automotive components, which is contributing to revenue growth of the automotive industry. Furthermore, the pharmaceutical industry is seeing high demand for plastic packaging since plastic packaging options can shield pharmaceuticals from contamination and increase their shelf life. Plastic bottles, vials, and containers, which are frequently used in the pharmaceutical sector for packaging purposes, are produced by blow moulding machines.

Revenue growth of the market is expected to be driven by more automated manufacturing processes. Robotics, Artificial Intelligence (AI), and sensor technologies are being used into blow moulding machines to improve efficiency, speed up production, and reduce human error. Use of automation in blow moulding machines is expected to drive output capacity and cut costs, which is further expected to drive revenue growth of the market. However, high initial investment cost, shortage of qualified labour, and strict governmental rules regulating the use of Plastics, major factors, which could restrain revenue growth of the market. In addition, availability of substitute packaging options, such as paper-based packaging could hamper revenue growth of the market to some extent.

Machine types outlook

In terms of revenue, the extrusion machine type segment is anticipated to have the biggest market share. Plastic bottles, containers, and drums, as well as automotive and industrial parts, are all produced using extrusion blow moulding machines. The market for extrusion blow moulding machines is anticipated to expand as a result of consumer demand for lightweight and environmentally friendly packaging materials and the expanding packaging sector. Also, the creation of high-speed extrusion machines, which can make plenty of goods with excellent precision and accuracy, is a result of technological and automated improvements. The market for extrusion blow moulding machines is anticipated to expand during the forecast period as a result of the growing acceptance of these devices in numerous end-use industries, including food and beverage, healthcare, and personal care.

The segment for injection machine type is anticipated to develop at the fastest rate throughout the projected period. High-quality, sophisticated goods including medical gadgets, automobile parts, and electronic enclosures are made using injection blow moulding equipment. These devices have benefits including high productivity, accurate moulding, and the capacity to mould various materials. The market for injection blow moulding machines is anticipated to increase as a result of rising demand for lightweight, fuel-efficient automobiles as well as rising plastics usage in the electronics and healthcare sectors.

Throughout the projected period, the stretch machine type sector is anticipated to expand significantly. PET bottles and containers of the highest quality are produced by stretch blow moulding machines for the food and beverage, pharmaceutical, and personal care industries. The market for stretch blow moulding machines is anticipated to rise as a result of consumer demand for lightweight, break-resistant bottles and containers as well as the expanding trend towardss sustainable packaging

Both continuous and intermittent machines are included in the segment of other machine types. A wide variety of products, including consumer goods, toys, and automobile components, are produced using these machines. The market for other blow moulding machines is anticipated to increase as a result of the rising trend of 3D Printing and the desire for customized items.

Regional outlook

In terms of revenue, the Asia Pacific region dominates the global blow moulding machine market. Due to the presence of significant manufacturers in the region and the rising demand for packaging solutions from a variety of end-use industries, the Asia Pacific market held the biggest revenue share in the worldwide blow moulding machine market. The increase in disposable incomes, fast urbanization, and expanding e-commerce business have made the area a center for packaging manufacture. Moreover, there has been a noticeable trend in the packaging market in this region towardss eco-friendly and sustainable packaging options, which is anticipated to fuel demand for blow moulding machines over the projected period. The packaging industry's efficiency and productivity have increased thanks to the use of cutting-edge technology in blow moulding machines such automation and robotics, which has increased demand for these machines in this area.

Due to the rising demand for blow moulding machines from the automotive and transportation industries, the North American market is anticipated to experience a substantial revenue CAGR during the forecast period. Due to the existence of mature packaging and automotive sectors in the area, the Europe market is anticipated to develop at a moderate rate during the forecast period. The growing demand for environmentally friendly and sustainable packaging solutions, notably in the food and beverage industry, is what is driving the demand for blow moulding machines in this region