Rotary Blow Molding Machine Market Report Overview
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The global rotary blow molding machine market size is extended rapidly in 2022 and the market is expected to generate substantial revenue with USD million by 2031, with a robust % of CAGR during the forecast period.
The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A rotary blow molding machine is a type of machine used in the manufacturing process of plastic bottles, jars, and other containers. This machine uses the blow molding process, which involves inflating heated plastic into a mold to create a hollow object. In addition, the rotary blow molding machine is designed with a rotating carousel that holds multiple molds. The molds move around the carousel in a circular motion, allowing for the continuous production of plastic containers. As the molds move into position, they are filled with molten plastic, which is then inflated to create the desired shape of the container. Once the plastic has cooled and solidified, the mold opens and the finished container is ejected from the machine.
The market is predicted to extend at a remarkable CAGR during the forecast period. The increasing demand for plastic containers in various industries, including food and beverage, pharmaceuticals, and cosmetics is anticipated to augment the growth of the market. In addition, the market is segmented by type, by application, and by region. Food and beverage is the largest segment of the market. Furthermore, an increasing trend of plastic products is anticipated to fuel market growth in the future.
COVID-19 Impact: Pandemic Shut Down Manufacturing Plants & Restricts Production
The COVID-19 pandemic initially had a negative impact on the rotary blow molding machine market and caused disruptions in supply chains, reduced demand for products, and led to a decline in manufacturing activities. Also, many manufacturing plants were shut down or operating at reduced capacity due to lockdowns and other restrictions. However, the growing demand for sanitizers a PPE kits has spurred the demand and it is continually increasing. Resulted, the market is expected to grow even after the emergency with the rising use of plastics disposals.
Latest Trends
"Rising Trend of Attractive Packaging to Gain Customer Attention Expand the Market "
The rotary blow molding machine market has seen several trends in recent years, the market is growing rapidly due to the increasing demand for plastic containers in various industries, including food and beverage, pharmaceuticals, and cosmetics. Additionally, the growing trend of fancy, cheap, easy-to-carry, lightweight plastic bottles and containers fuels the demand for machines in the industry. Besides, various, industries such as food and cosmetics are using attractive packaging to appeal to customers’ attention. Therefore, the development of the market is expected to continue in the coming years.
Rotary Blow Molding Machine Market Segmentation
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- By Type Analysis
According to type, the market can be bifurcated into Fully Automatic Machine and Semi-Automatic Machine.
- By Application Analysis
Based on application, the market can be divided into Food & Beverage, Cosmetics, Drug, and Other.
Driving Factors
"Surge in Demand for Plastic Containers to Boost Growth of the Market"
The rotary blow molding machine market is driven by several factors which increase the growth of the market. One of the main driving factors is the surge in demand for plastic containers. Also, the swiftly growing food and beverages, pharmaceutical, and cosmetics industries which require plastic containers, are directly fueling the demand for blow molding machines. As a result, the rotary blow molding machine market growth is attributed to increase by these factors in the future.
"Increasing Demand for Customized Blow Molding Solutions Aid the Market Development"
Another driving factor of the market is the increasing demand for customized blow molding solutions. As companies look to differentiate themselves in the market, the demand for customized blow molding solutions is increasing. This is driving the growth of the rotary blow molding machine market as manufacturers are offering machines that can produce containers of various shapes, sizes, and materials to meet the specific needs of their customers.
Restraining Factors
"High Initial Investment and Environmental Concerns Could Affect the Growth of the Market"
The initial investment to purchase and install a rotary blow molding machine can be high, which could limit the adoption of these machines by smaller companies. Along with this, the use of plastic containers is facing increasing scrutiny due to environmental concerns related to plastic waste and pollution. This could also impact the demand for plastic containers and therefore these constraints for blow molding machines can obstruct the expansion of the market.
Rotary Blow Molding Machine Market Regional Insights
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"Asia Pacific Dominates the Market due to Rapid Expansion of the Manufacturing Sector in the Region"
With regard to regional insights, Asia Pacific is expected to be the fastest-growing market during the forecast period, owing to the rapid expansion of the manufacturing sector, growing demand for packaged products, and increasing investments in the region's packaging industry, and the presence of a large number of consumer population in the region.
Key Industry Players
"Key Players Emphasis on Sustainable Policies to Acquire Maximum Revenue "
In respect of key players in the market, a number of key competitors are working to transform the machine to fulfill the demands of modern packaging, including sustainable and green packaging. To increase supply chain, and distribution channels, competitors merge, acquire, or partner with other companies in order to expand their supply chain and distribution networks. Some of the major companies such as SIPA, SMI Group, Wilmington Machinery, Ningbo C-storm Plastic Machinery, Tech-Long, Sacmi, Pet All Manufacturing, STM Pack, Maruti Machine, Guangzhou Xilinear, Fogang Guozhu Blowing Equipment, and Zhejiang Ziqiang Machinery with others influence the market growth rate. In terms of profit revenue, the majority of the rotary blow molding machine market shares are held by these leading manufacturers.
List of Market Players Profiled
- SIPA
- SMI Group
- Wilmington Machinery
- Ningbo C-storm Plastic Machinery
- Tech-Long
- Sacmi
- Pet All Manufacturing
- STM Pack
- Maruti Machine
- Guangzhou Xilinear
- Fogang Guozhu Blowing Equipment
- Zhejiang Ziqiang Machinery
Report Coverage
This report describes the rotary blow molding machine market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.
Frequently Asked Questions
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What are the key driving factors of the global rotary blow molding machine market?
The rising demand for plastic containers, increasing food and beverage, and pharmaceutical industry, and growing demand for customized blow molding solutions are the driving factors of the rotary blow molding machine market.
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What is the leading region in the rotary blow molding machine market?
Asia Pacific dominates the rotary blow molding machine market due to the rapidly growing manufacturing sector, and rising demand for packaged products in the region.
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What are the key players in the rotary blow molding machine market?
SIPA, SMI Group, Wilmington Machinery, Ningbo C-storm Plastic Machinery, Tech-Long, Sacmi, Pet All Manufacturing, STM Pack, Maruti Machine, Guangzhou Xilinear, Fogang Guozhu Blowing Equipment, and Zhejiang Ziqiang Machinery are top players in the rotary blow molding machine market.
