Global Plastic Film Blowing Machines
Market Report
2024
The Global Plastic Film Blowing Machines market size will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Plastic Film Blowing Machines market size will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Plastic Film Blowing Machines Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
Market Split by Type |
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Market Split by Application |
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Market Split by Technology |
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Market Split by Material |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Plastic Film Blowing Machines Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The demand for plastic films in consumer and food packaging applications is expected to increase significantly throughout the forecasted period due to rising packaged food product consumption. Moreover, the requirement for less distance and manpower, efficient energy and increased performance are the elements that are helping the development of the plastic film-blowing machines market. Global plastic film blowing machines market trends are manufacturing of additives and light worldwide are delivering different opportunities for the evolution of plastic film blowing machines market.
For instance, in July 2022, Graham Engineering developed Kennedy Tool & Die. Kennedy will stay to have operations in Birdsboro and will deliver key contributions to Graham Engineering's maintenance business. The acquisition will permit the business to support its customers throughout the life of its extrusion system.
(Source:www.grahamengineering.com/news-events/graham-engineering-acquires-kennedy-tool-die/)
With the expected growth in the demand for packaging solutions, investors and businesses are investing capital and time in new products. Owing to these research and development initiatives, there are several new products incorporating the synergies of machine, product, and industrial design. These new products in the plastic film blowing machines market consume comparatively very little power, thereby making them highly energy-efficient and hence increasing the incentive to buy such products, which are meant to supplement the sale of blue film extrusion lines. The growing energy-efficient machines in the EV industry are expected to increase the demand for plastic extruded components and, in turn, are likely to increase the demand for plastic extruders in the country.
For instance, as per the article published by the International Energy Agency, Electric cars are seeing an exponential increase as sales surpassed 10 million in 2022. The share of electric cars in total deals has more than tripled in three years, from 4% in 2020 to 14% in 2022.
(Source:www.iea.org/energy-system/transport/electric-vehicles)
The key businesses operating in the industry are highly keen on the adoption of various growth strategies, including capacity development, alliances, mergers and acquisitions, geographical development, new product establishment, and product innovation to stay competitive in the marketplace. This is expected to impact significant market growth positively. Hence, the consequence and manufacturing of creative solutions in the plastic film-blowing machine market are augmenting the growth over the forecast period.
For instance, in December 2017, JSW launched a new model of the 'TEX-αIII' Twin Screw Extruder series, "TEX34αIII," which pursued a high performance to redefine "the high-performance small-sized extruders" in the market.
(Source:www.jsw.co.jp/en/news/details/20171212001000.html)
Environmental concerns are a critical factor affecting the plastic film blowing machines market. Plastic films, widely produced using these machines, have come under scrutiny due to their adverse environmental impact. As plastic films are pervasive in single-use packaging and agricultural applications, they contribute significantly to plastic pollution and harm to ecosystems. Governments worldwide are imposing stricter regulations on plastic use and encouraging the adoption of biodegradable materials.
The unanticipated COVID-19 pandemic prompted the performance of strict lockdown constraints across a number of economies, causing troubles in manufacturing operations. The COVID-19 pandemic presented the market with a number of challenges, including a deficiency of qualified workers and manufacturing delays or halted as a result of the total lockdown. Blown film extrusion plants' production was severely disrupted as a result. However, one of the major drivers driving the plastic film blowing machines market growth during the COVID-19 pandemic was the rise in demand for packaging solutions for food parcels and takeaways.
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The major players are embarking on mergers and acquisitions as one of their prominent strategies to achieve consolidation and optimize their offerings. Advanced distribution channels and manufacturing expertise give an upper edge to the manufacturers to enhance their range of products across the plastic film blowing machines market.
September 2018: Krones AG, a German packaging and bottling machine manufacturer, announced acquiring the business operations and assets of a leading process technology equipment manufacturer, Shanghai Xian tong Equipment Installation. The acquisition will help the firm to develop its product portfolio and boost its impression in China market.
Top Companies Market Share in Plastic Film Blowing Machines Industry: (In no particular order of Rank)
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According to Cognitive Market Research, Asia-Pacific dominated the market in 2023 and accounted for more than 35% of the global revenue over the forecast period as there is a constant need for plastic film blowing machines in nations due to the presence of numerous small to medium-sized manufacturing sectors including packaging, the automobile industry, consumer goods, and others that demand extruded plastic products of the highest quality.
North America is the fastest-growing category over the forecast period. High-density polyethylene (HDPE) pipes are in higher demand in the US as a result of the continued building of significant infrastructure projects like highways, bridges, and tunnels. These pipes are utilized in place of more conventional materials like concrete and steel for water and wastewater management systems.
The current report Scope analyzes Plastic Film Blowing Machines Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Plastic Film Blowing Machines Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Plastic Film Blowing Machines Industry growth. Plastic Film Blowing Machines market has been segmented with the help of its Type, Application Technology, and others. Plastic Film Blowing Machines market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the 40mm screw diameter type held the major market share. 40mm screw diameter type is a specific configuration used for extrusion processes. This type of machine is known for its versatility, capable of producing various film thicknesses and types, making it appealing to manufacturers seeking flexibility. A driver for the adoption of 40mm screw-diameter machines is their ability to cater to the growing demand for thinner, more sustainable plastic films in packaging and agriculture.
The screw diameter 55mm type is the second-most used product as it enables the production of thicker and more robust plastic films. This type of machine is in demand due to its capacity to satisfy the requirements of industries like construction and heavy-duty packaging.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Plastic Film Blowing Machines Industry. Request a Free Sample PDF!
Shopping bags held the major market share over the forecast period. These machines are essential for manufacturing thin plastic films used in shopping bags, which are in high demand globally due to the growing retail sector and consumer preference for lightweight, convenient packaging. Manufacturers seek to produce biodegradable and reusable bag options, requiring advanced plastic film blowing machines for their production.
According to Cognitive Market Research, flexible packaging bag is the fastest-growing category as these machines play a pivotal role in producing the versatile plastic films used in various packaging applications, including food, pharmaceuticals, and consumer goods. A key driver for this market is the consumer preference for convenient, lightweight, and sustainable packaging solutions.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The multi-layer co-extrusion category held the major market share due to the increasing prevalence of e-commerce platforms and online retail, consumers have more comfortable access to a vast array of coffee machine options, including fully automatic models. The convenience of online shopping allows buyers to research, compare, and make informed choices from the comfort of their homes.
According to Cognitive Market Research, offline is the fastest-growing category, as the adoption of multi-layer co-extrusion technology is a significant driver. These machines enable the production of multi-layer plastic films with diverse properties, such as barrier protection, durability, and clarity. A key driver for this market is the growing demand for specialized packaging solutions across various industries, including food and pharmaceuticals.
The PP category held the major market share over the forecast period. PP is favored for its versatility, durability, and recyclability, making it a popular choice for producing various plastic films, including packaging materials, bags, and industrial films. Manufacturers rely on plastic film blowing machines to efficiently process PP and meet the growing demand for eco-friendly packaging options, propelling the market growth.
According to Cognitive Market Research, PVC is the fastest-growing category. PVC is a widely used material in the production of plastic films for applications such as construction, packaging, and signage. The demand for PVC-based films and their manufacturing via these machines fuels market growth.
The pharmaceutical industry drives the plastic film blowing machines market by requiring specialized films for medication packaging. These machines produce precise and sterile films for pharmaceutical products, meeting stringent quality and regulatory standards. The demand for secure and efficient drug packaging contributes significantly to the market's growth.
According to Cognitive Market Research, PVC is the fastest-growing category. These machines produce plastic films used in personal care product packaging, such as shampoo sachets and lotion containers. The market thrives on the constant demand for flexible and aesthetically appealing packaging solutions in this sector.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Plastic Film Blowing Machines Market is witnessing significant growth in the near future.
In 2023, the Screw Diameter 40mm Type segment accounted for noticeable share of global Plastic Film Blowing Machines Market and is projected to experience significant growth in the near future.
The Flexible Packaging Bag segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies S. S. Mechanical Engineers , Yiwu Innovo Printing Machinery and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Screw Diameter 40mm Type, Screw Diameter 45mm Type, Screw Diameter 55mm Type, Other |
Application | Flexible Packaging Bag, T-shirt Bag, Garbage Bag, Shopping Bag, Other |
Technology | Rotary Die, Stationary Die, Multi-layer Co-extrusion |
Material | HDPE, LDPE, LLDPE, PP, PVC, EVA |
End-User | Food & Beverages, Pharmaceutical, Personal Care, Agriculture, Retail, Others |
List of Competitors | S. S. Mechanical Engineers, CHERNG HORNG Machinery, Yiwu Innovo Printing Machinery, CACO Plastics, Zhejiang Zhuxin Machinery, Ruian Huarui Plastic Machinery, Zhejiang Dongfeng Plastic Machinery Factory, Wanqun Plastic Machinery, Zhejiang Bangtai Machine, POLYSTAR, General Plastics |
This chapter will help you gain GLOBAL Market Analysis of Plastic Film Blowing Machines. Further deep in this chapter, you will be able to review Global Plastic Film Blowing Machines Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
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Chapter 13 Market Split by Material Analysis 2019 -2031
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Chapter 14 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Plastic Film Blowing Machines market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Screw Diameter 40mm Type have a significant impact on Plastic Film Blowing Machines market? |
What are the key factors affecting the Screw Diameter 40mm Type and Screw Diameter 45mm Type of Plastic Film Blowing Machines Market? |
What is the CAGR/Growth Rate of Flexible Packaging Bag during the forecast period? |
By type, which segment accounted for largest share of the global Plastic Film Blowing Machines Market? |
Which region is expected to dominate the global Plastic Film Blowing Machines Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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