Blown Film Extruder Market Size, Share, Growth, And Industry Analysis, By Type (3 Layers, 5 Layers, 7 Layers, Other), By Application (Consumer& Food Packaging, Industry Packaging, Agricultural Film, Bags, Other), Regional Forecast To 2031

Updated On: 22 April 2024

Blown Film Extruder Market Report Overview

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global blown film extruder market size was USD 1139.6 million in 2022 and market is projected to touch USD 1752.83 Million By 2031, exhibiting a CAGR of 4.9% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the blown film extruder market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The blown film extruder market encompasses the production and sale of machinery utilized in manufacturing plastic films. This particular technique involves the melting and extrusion of plastic resins through a circular die to create a continuous molten tube that is subsequently inflated and stretched to form a thin film. Blown film extruders are extensively employed within the packaging industry, as they produce high-quality films that are used for a variety of applications, including food packaging, shrink wraps, and shopping bags. The market for these machines is anticipated to rise due to an increasing drive for sustainable packaging solutions and advancements in blown film extrusion technology. They are a vital component for companies seeking to manufacture a broad range of plastic films with varying thicknesses, widths, and properties.

The market for blown film extruders is experiencing noteworthy expansion due to the surging demand for flexible packaging solutions across various industries. Furthermore, the increasing need for lightweight and environmentally-friendly packaging solutions is also contributing to the growth of the market. The utilization of blown film extrusion technology brings numerous benefits, including a heightened level of customization, cost-effectiveness, and versatility, which is propelling its implementation across multiple industries. Additionally, improved technology has led to the development of high-performance extruders, offering superior efficiency and reduced energy consumption, resulting in the market's expansion. The growing emphasis on sustainable packaging solutions is expected to present profitable opportunities for market players in the future.

COVID-19 Impact : Blown Film Extruder Demand Drops Amidst Supply Chain Challenges

The blown film extruder market has experienced exponential growth in recent times, and further expansion is anticipated. However, the COVID-19 pandemic has caused significant disruptions and alterations to the market landscape. The pandemic has had a negative impact on market growth, resulting in a reduction in demand for blown film extruders in specific sectors such as food packaging and non-essential consumer goods. The supply chain has been severely affected by the pandemic, resulting in a shortage of raw materials and production constraints. Manufacturers have had to adjust to new ways of working, including implementing safety measures and remote working, which have caused a slowdown in production rates. While the pandemic situation improves, it is expected that the market will gradually recover.

Latest Trends

"Surging Demand for Flexible Packaging Solutions Drives Explosive Growth in the Market "

The blown film extruder market growth is skyrocketing, fueled by the increasing need for packaging materials in multiple industries, particularly in the food and beverage sector. As e-commerce and online retail platforms continue to expand rapidly, the demand for flexible packaging solutions is on the rise, resulting in a higher need for advanced technology in this market segment. In response to these trends, companies are launching new products and technologies that aim to boost efficiency, enhance product quality, reduce environmental impact, and lower production costs. Leading players are actively investing in research and development to introduce innovative products and strengthen their competitive positioning. As the market continues to evolve, it presents new opportunities for growth and expansion.

Blown Film Extruder Market Segmentation

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• By Type

According to type, the market can be segmented into 3 Layers, 5 Layers, 7 Layers, Other

• By Application

Based on application, the market can be divided into Consumer& Food Packaging, Industry Packaging, Agricultural Film, Bags, and Other

Driving Factors

The blown film extruder market is a thriving industry that is driven by multiple factors. This manufacturing process is used to produce plastic films that are used for packaging and various other purposes. The market for blown film extruders is expected to grow significantly in the upcoming years and two main factors that are driving the market and boosting the demand for this technology.

"Growing Demand for Flexible Packaging"

Flexible packaging is a popular option for many products, such as food, personal care products, pharmaceuticals, and others. The demand for flexible packaging is increasing due to its benefits including lightweight, easy storage, lower transportation costs, and longer shelf life. Blown film extruders are essential equipment for producing flexible packaging, and as a result, the demand for these machines is increasing rapidly.

"Technological Advancements Leading to Improved Efficiency"

Manufacturers of blown film extruders are constantly innovating to improve the efficiency and output of their machines. Advanced software and control systems are being developed to increase production and minimize waste. In addition, new materials and coatings are being used to produce higher-quality films. These advancements are driving the market for blown film extruders, as manufacturers seek more efficient machines to improve their bottom line.

The blown film extruder market is expanding rapidly, driven by growing demand for flexible packaging and technological advancements. As the market for flexible packaging continues to grow, the demand for blown film extruders is expected to increase. Manufacturers are also benefiting from technological advancements, which are enabling them to produce films more efficiently and with higher quality. Overall, the future looks bright for the blown film extruder market, with significant growth opportunities on the horizon.

Restraining Factors

" Blown Film Extruder Technology is Losing Ground to Sustainable Packaging Alternatives"

The market for blown film extruders has been steadily growing over the years owing to the increasing demand for plastic packaging products. Nevertheless, the market growth has been hindered by the increasing focus on environmental conservation. The escalating concern for environmental pollution and stricter regulations on plastic disposal has decreased the demand for plastic products produced using blown film extruder technology. Consequently, there has been a shift towards sustainable packaging options that have the potential to substitute plastics. As a result, manufacturers of blown film extruder machines must contemplate adopting environmentally friendly solutions to accommodate the changing market requirements.

Blown Film Extruder Market Regional Insights

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"Europe Dominates the Market with Innovative Technologies and Skilled Workforce "

Europe stands tall as the leading region due to its well-established infrastructure, innovative technologies, and skilled workforce. As a result, it has been successful in capturing the largest blown film extruder market share. With a strong manufacturing base and considerable investment in research and development, Europe has been able to produce top-quality blown film extruders that satisfy the diverse needs and demands of customers in various sectors. Moreover, the government's support for industry growth has also played an important role in expanding the region's blown film extruder market. Overall, Europe's excellence and flexibility in adapting to changing market trends are evident from its impressive reign in this industry.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• W&H (HQ: Austria)
• Reifenhauser (HQ: Germany)
• HOSOKAWA ALPINE (HQ: Germany)
• Macchi (HQ: Italy)
• Davis-Standard (HQ: United States)

Report Coverage

This report examines an understanding of the blown film extruder market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.