March 28, 2020
Stretch Blow Molding Machine

Stretch Blow Molding Machines Market: North America Dominates the Market by Region

The stretch blow molding machines market worldwide was valued at US$755.6 Mn in 2018 and is set to grow with a CAGR of 2.8% during the forecast period.

Market Insights

The key factor that drives the growth of sketch blow molding machines markets is increasing demand for soft drinks all over the world. The growing adoption of high-temperature resistant and self-collapsible containers in the food and beverage industry is increasing the market for sketch blow molding machines. Sketch blow molding machines offer high reliability, improve production and improve the cost-effectiveness of the manufacturing process. This is expected to fuel the growth of the market for sketch blow molding machines across a number of end-use industries. In addition, the introduction of advanced and innovative technologies in sketch blow molding machines is expected to create a number of growth opportunities in the near future. 

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The global market for stretch blow molding machines is segmented into types and end-users. By end-users, stretch blow molding machines are further divided into the beverage, pharmaceutical, food, personal care, and other industries. Among these end-users, the market is dominated by the beverage industry, which held a share of 36% in 2018, followed by the food industry. The growing demand for packaging efficiency among these end-users ensures the growth of stretch blow molding machines on the market. In addition, the growing demand for single-step stretch blow molding machines in consumer goods promotes the growth of the market. 

North America dominates the global market by holding a share of over 40% of the stretch blow molding machines market followed by Europe. It is anticipated to record significant growth rates during the forecast period. The continuous expansion of end-use industries and high technological advancement Stretch blow molding machines drivers for the growth of the market. Canada and the U.S are showing tremendous growth opportunities in this market. The technological advancements and the presence of major manufacturers are promoting the growth of Stretch blow molding machines market in the North America region. The Asia Pacific is predicted to witness the fastest growth in the Stretch blow molding machines market.

Report originally published at Credence Research: https://www.credenceresearch.com/report/stretch-blow-molding-machines-market

Segmentation  

 Types Segment (2017–2027; US$ Mn)

 • Single-Step

 • Two-Steps

 End-User Segment (2017–2027; US$ Mn)

 • Beverage Industry

 • Pharmaceuticals

 • Food Industry

 • Personal Care

 • Others

 Geography Segment (2017–2027; US$ Mn)

 • North America (U.S., Rest of North America)

 • Europe (U.K., Germany, France, Rest of Europe)

 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)

 • Rest of the World (Middle East & Africa, Latin America)

Some of the major companies profiled in the report include Xaar plc., Mimaki Europe B.V., Koenig & Bauer Kammann GmbH, Roland DG Corporation, O.M.S.O. SpA, Xerox Corporation, INX International Ink Co., Engineered Printing Solutions, Inc., Velox Ltd., Tonejet Limited Inc, Isimat GmbH Siebdruckmaschinen, Epson America, Inc., Roland DG Corporation and others.

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