This report provides exclusive insights into the COVID-19 impact on the Bottle Blowing Machine Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Bottle Blowing Machine Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Bottle Blowing Machine Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on bottle blowing machine market provides in-depth analysis of segments and sub-segments in global as well as regional bottle blowing machine market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional bottle blowing machine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global bottle blowing machine market. According to the report the global bottle blowing machine market is projected to grow at a CAGR of 2.90% over the forecast period of 2018-2024.
Bottle blowing machines is the mechanical equipment used in the process of manufacturing bottles. Bottle blowing machine is widely used in beverage, pharmaceutical, cosmetics, food, and chemical industries. Bottle blowing machine creates plastic bottles according to the capacity of the contained liquid. This machine is used in industrial applications such as mineral water bottles, carbonated beverage bottles, cosmetic bottles, and oil bottles in order to ensure that the machine offers optimum performance.
The growing food and beverages industry drives the growth of the bottle blowing machine market. Moreover, the demand for packaged drinking water, juices, and milk products are witnessing rapid growth leading to the greater demand for sophisticated bottling solutions. However, huge uncontrollable waste produced due to plastic on a global level is forcing governments to restrict the production and sale of plastic bottles, which can limit the demand for the bottle blowing machines. The bottle-blowing machine manufacturers need to invest in new and efficient recycling technologies readily integrated into the bottle-blowing machine can create sustainable growth opportunities for the bottle blowing machine industry. Furthermore, the combination of plastic recycling which is an efficient and environmentally friendly practice is further anticipated to provide several growth opportunities for the key players in the bottle blowing machines market. On the other hand, bottle blowing machine manufacturers are now focusing on incorporating new technologies into the machine. They are replacing semi-automatic bottle blowing machines with automatic bottle blowing machine that has enhanced features, which further eliminates the possibility of errors caused due to machine inaccuracy.
Among the geographies, North America dominated the global bottle blowing machine market. North America and Europe, together account for nearly 50% of market share in the bottle blowing machine market as the majority of the manufacturing companies are in the North American regions. Moreover, the markets in China and India are being heavily invested which may uplift the demand for bottle blowing machines in the near future.
The report on global bottle blowing machine market covers
segments such as machine type, technology type, and end-use. On the basis of
machine type the global bottle blowing machine market is categorized into
automatic and semi-automatic. On the basis of technology type the global bottle
blowing machine market is categorized into injection blowing machine, extrusion
blowing machine and injection stretch blowing machine. On the basis of end-use,
the global bottle blowing machine market is categorized into food and
beverages, pharmaceuticals, cosmetics, and personal care and consumer goods.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global bottle blowing machine market such as KHS GmbH, Sidel, Aoki Technical Laboratory, Chumpower Machinery Corp, Nissei ASB Machine Co., Ltd., Sacmi Imola S.C, Krones AG, Zhejiang East Zhouqiang Plastic & Mould Industry Co. Ltd. Etc., Guangzhou Tech-Long Packaging Machinery Co., Ltd, and SMI S.p.A.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global bottle blowing machine market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bottle blowing machine market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the bottle blowing machine market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the bottle blowing machine market to understand the present and future trends in this market and formulate their strategies accordingly.