Plastic Blow Molding Machine Market Size, Share, Report 2023-2032
The global plastic blow molding machine market size was estimated at around USD 2.99 billion in 2022 and it is projected to hit around USD 4.4 billion by 2032, growing at a CAGR of 3.94% from 2023 to 2032. The plastic blow molding machine market in the United States was accounted for USD 375.7 million in 2022.
Key Pointers
Report Scope of the Plastic Blow Molding Machine Market
| Report Coverage | Details |
| Revenue Share of Asia Pacific in 2022 | 39% |
| Revenue Forecast by 2032 | USD 4.4 billion |
| Growth Rate from 2023 to 2032 | CAGR of 3.94% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | BLOW ENTERPRISES; Chia Ming Machinery Co., Ltd; GOLFANG Mfg. & Development Co., Ltd; Jagmohan Pla-Mach Pvt. Ltd; Jiangsu victor machinery co., LTD; Jomar Corp; NISSEI ASB MACHINE CO., LTD |
The medical industry's growing need for blow-molded plastic items and the growing significance of plastic recycling is predicted to boost market expansion throughout the projected period. Plastic blow molding machines are widely used for different applications such as concrete forms of all shapes and sizes, panels, barricades, and traffic markers in the building & construction industry. Industries such as construction, packaging, and automotive are the industries propelling the demand for plastic molding machines. Plastic blow molding machines are incorporating robotics, artificial intelligence (AI), and sensor technologies to increase productivity, decrease human error, and improve efficiency. Automation of plastic blow molding machines is anticipated to increase output capacity and reduce costs, contributing to the market's estimated revenue growth.
The demand for blow-molded plastics across the U.S. is majorly generated by the expanding automotive industry, on account of the popularity of electric vehicles and the rise in the number of construction activities. For instance, the U.S. witnessed a growth in electric car sales from 1.0 million in 2022 to 1.6 million in 2023. The rising demand for electric vehicles is expected to significantly boost the demand for blow-molded plastic products, thereby driving market growth.
Contrary to most industries, COVID-19 has positively impacted the market as demand for plastic blow molding machines surged in response to the growing demand for plastic packaging for sanitizers, cleaning supplies, and beverages like water. For instance, a Spanish supplier of plastics machinery claimed that in June 2020, production in the bottle and bottling sector was 100% more than typical.
The rising demand for plastic containers is driving the demand for plastic molds, which will ultimately help the industry in the U.S. to flourish. For instance, Meredith-Springfield Associates Inc. in August 2021 announced the expansion of its manufacturing facility by 5,000 square feet. The company also installed two extrusion blow molding machines and one injection stretch blow molding equipment.
The development of the market is anticipated to be aided by a focus on recycling plastics, offsetting the detrimental effects of the prohibition of single-use plastic on the blow molding industry. For instance, in November 2020, Austria implemented mandatory targets by making a beverage reuse quota of 25% by 2025 compulsory in their Waste Management Act. With this, it became the first European country to do so.
Technology Insights
In 2022, the injection blow molding technology category accounted for 53% of the total market revenue share. Extrusion blow molds are less expensive than injection blow molds because the former requires less pressure. Another significant benefit of the plastic injection blow molding technology as compared to the extrusion blow mold; it involves less costly machinery.
Plastic injection blow molding technology has numerous advantages compared to other technologies., It provides a high level of dimensional accuracy, accurate neck shaping, the highest quality finish, production free from waste, crystal clear containers for pharmaceutical application, and mini weight tolerance.
Extrusion molding is a technique used by manufacturing organizations for manufacturing products with a uniform cross-section. Compared to other molding techniques, extrusion molding is inexpensive. Additionally, extrusion blow molding machines have a large production volume and can make many finished bottles and containers.
End-use Insights
The packaging application segment accounted for the largest revenue share of 35% in 2021, which is expected to continue over the forecast period. The rising demand for packaged food and drinking water is projected to fuel the need for containers, which in turn, is expected to augment the growth of plastic blow molding machines over the coming years.
Furthermore, rising demand for plastic blow-molded parts in the automotive industry is anticipated to propel the market growth. The growing demand is compelling manufacturers to expand their capabilities, for instance, in February 2022, Uniloy, Inc., a manufacturer of blow molds, acquired Century Die Co. LLC, to expand its molding capabilities for automotive parts, health, cleaning, and household goods.
Regional Insights
Asia Pacific was the leading region in the plastic blow molding machine market and accounted for over 39% of the total revenue share in 2022. Increasing infrastructure spending, coupled with the growing automobile demand in countries such as China, India, Indonesia, and Malaysia, is expected to drive the demand for blow-molded plastics in the Asia Pacific region. Moreover, the rising demand from the packaging industry is propelling market growth in the region. For instance, in December 2021, Mumbai-based Mahika Packaging announced it to double its tube-making capacity in FY 2022-23. The company supplies its products to cater to the packaging needs of the cosmetic and pharmaceutical industries.
Furthermore, COVID-19 the pandemic augmented investments in disinfectants and sanitizers, which positively influenced product demand in North America. For instance, in January 2021, the Ontario government provided USD 0.79 million to Merit Precision to boost the production of sanitizers and disinfectants. To complete the demand, Merit Precision invested in two blow-molding lines and tooling, necessary for the infrastructure.
Plastic Blow Molding Machine Market Segmentations:
By Technology
By End-use
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Plastic Blow Molding Machine Market
5.1. COVID-19 Landscape: Plastic Blow Molding Machine Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Plastic Blow Molding Machine Market, By Technology
8.1. Plastic Blow Molding Machine Market, by Technology, 2023-2032
8.1.1. Injection Stretch
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Injection
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Extrusion
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Plastic Blow Molding Machine Market, By End-use
9.1. Plastic Blow Molding Machine Market, by End-use, 2023-2032
9.1.1. Packaging
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Automotive
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Electronics
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Medical
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Construction
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Consumer Goods
9.1.6.1. Market Revenue and Forecast (2020-2032)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Plastic Blow Molding Machine Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Technology (2020-2032)
10.1.2. Market Revenue and Forecast, by End-use (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.1.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.1.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Technology (2020-2032)
10.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.5.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.5.4.2. Market Revenue and Forecast, by End-use (2020-2032)
Chapter 11. Company Profiles
11.1. BLOW ENTERPRISES
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Chia Ming Machinery Co., Ltd
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. GOLFANG Mfg. & Development Co., Ltd
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Jagmohan Pla-Mach Pvt. Ltd
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Jiangsu victor machinery co., LTD
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Jomar Corp
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. NISSEI ASB MACHINE CO., LTD
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers