Blown Film Extrusion Lines Market Size, Share, Growth, and Global Industry Analysis By Type (3 Layers, 5 Layers, 7 Layers) By Application (Consumer & Food Packaging, Industry Packaging, Agricultural Film, Bags and others), Regional Insights, and Forecast To 2031

Blown Film Extrusion Lines Market Report Overview

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The global blown film extrusion lines market size was USD 911.8 million in 2021 and is expected to reach USD 1341.01 million in 2031, exhibiting a CAGR of 3.9% during the forecast period.

Blowing films is one of the various processes used to make polymers, and the blown film extrusion lines are the tools utilised to make these polymer films. The most common way to make continuous films, which are primarily used for packaging, is this. The process starts with the plastic being melted in the extruder, then the molten polymer is poured into an annular die head and formed into a plastic tube. Using this method, polymer films that are often used in packaging, such as shrink, stretch, barrier films (used to protect deli meat), frozen food packaging, and shopping bags, can be produced.

In the packaging industry, blown film extrusion lines are becoming essential pieces of machinery. The market for blown film extrusion machines is now experiencing a sizable window of opportunity. Product introductions, collaborations, and market expansion for blown film extrusion lines were the three main strategies used by the market's major players to adapt to altering consumer needs. To further strengthen its position in the market for blown film extrusion machines, they have created a variety of energy-efficient blown film extrusion lines. A new product line is being introduced by players to the Middle Eastern rigid packaging market.

COVID-19 Impact: Halted Operations In Lockdown To Impact The Market Share

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

The unanticipated COVID-19 pandemic prompted the implementation of strict lockdown regulations across a number of countries, causing disruptions in manufacturing operations. The COVID-19 pandemic presented the market with a number of challenges, including a shortage of skilled workers and manufacturing delays or halts as a result of total lockdown. Blown film extrusion plants' production was severely disrupted as a result. However, one of the major drivers driving the blown film extrusion market growth during the COVID-19 pandemic was the rise in demand for packaging solutions for food parcels and takeaways. Additionally, it is projected that the spike in the use of industrial mechanisation solutions will support the market share for blown film in the anticipated term following COVID-19.

Latest Trends

"Efficiency In Packaging Solutions To Boost The Market"

Through the blow filmmaking process that is employed in the packaging business, a mixture of plastics and polymers is further processed into polyolefin plastics, polyethylene, and other plastics. Multilayer blown films, created using the co-extrusion method, are multilayer films made of two or more polymers that are quite flexible and efficient in airtight packaging solutions in the FMCG industry. Thereby the demand for blown film extrusion is set to go higher in the FMCG sector. The increased demand for multi-layer blown films would further act as a catalyst to boost the demand for blown film extrusion lines.

Blown Film Extrusion Lines Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into 3 Layers, 5 Layers, and 7 Layers. 5 layers is the leading segment by type.

• By Application Analysis

Based on application, the market can be divided into Consumer & Food Packaging, Industry Packaging, Agricultural Film, Bags, and others. The major share of the market is led by consumer & food packaging in the application segment.

Driving Factors

"Energy-Efficient Machines To Contribute To The Growing Market "

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 blown film extrusion lines market consume comparatively very less power thereby making them highly energy-efficient and hence increasing the incentive to buy such products which are meant to increase the sale of blue film extrusion lines.

"Increasing Demand For Plastic Films To Drive Up Large-Scale Adoption"

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. Further, the application of plastic films in the industry is set to contribute to the growing demand for innovative blown film extrusion lines and is anticipated to open up the attractive potential for industry participants in the coming years.

Restraining Factors

Higher Initial Cost Of The Products To Restrict The Market Demand

Although the Blown film extrusion lines are becoming more and more cost-effective with new products, the initial cost of setting up or installing blown film extrusion lines are still high. Owing to the high initial cost, small and medium industries limited with funds are restricted in their demand for these machines. This would act as detrimental to the blown film extrusion lines market size.

Blown Film Extrusion Lines Market Regional Insights

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"North America To Dominate The Market Due To Industrialization"

North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America are the regions into which the blown film extrusion machine market is categorized. As per our report, North America dominates the market, and the Asia Pacific is anticipated to dominate the market in the forecast period to cater to the increasing demand, many packaging film suppliers and businesses are investing in the Asia Pacific. Additionally, during the course of the forecast period, the blown film extrusion machine market in the Asia Pacific is predicted to rise steadily, mostly due to industrialization.

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 TOP BLOWN FILM EXTRUSION LINES COMPANIES

• W&H (Germany)
• Reifenhauser (Germany)
• HOSOKAWA ALPINE (Germany)
• Macchi (U.S.)
• Davis-Standard (U.S.)
• Bandera (Italy)
• JINMING MACHINERY (China)
• POLYSTAR MACHINERY (Taiwan)
• SML Extrusion (Austria)
• KUNG HSING PLASTIC (Taiwan)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.