Los Angeles, CA -- (SBWire) -- 05/06/2019 --Hollow Blow Molding Machine is widely used in commercial beverage production, pharmaceutical, cosmetics, food and chemical industries. Hollow Blow Molding Machine creates a plastic bottle according to a recipe, for example specifying the capacity of the bottle to be made. The machine consists of molds, a programmable logic controller, and mechanical and electronic instruments.
Hollow blow molding machine industry has low technology barrier and is labor intensive industry. Currently, there are several producing companies in the world hollow blow molding machine industry. The main market players are Sidel (Tetra Laval), Sipa, Krones, Bekum and Aoki Technical Laboratory. The production of hollow blow molding machine will increase to 5338 Units in 2016 from 4564 Units in 2011 with average growth rate of 3.18%. Global hollow blow molding machine capacity utilization rate remained at around 82.04% in 2015.
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In consumption market, the global consumption value of hollow blow molding machine increases with the 2.64% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2015, these two regions occupied 50.34% of the global consumption volume in total.
Hollow blow molding machine has mainly two types, which include extrusion blow molding machine and injection blow molding machine. And each type has application industries relatively. With efficient effect of hollow blow molding machine, the downstream application industries will need more hollow blow molding machines. So, hollow blow molding machine has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high efficient and more functional hollow blow molding machine through improving technology.
The major raw materials for hollow blow molding machine are casting parts, metal sheet and steel, etc. Fluctuations in the price of the upstream product will impact on the production cost of hollow blow molding machine. The production cost of hollow blow molding machine is also an important factor which could impact the price of hollow blow molding machine. The hollow blow molding machine manufacturers are trying to reduce production cost by developing production method.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economy development status and international competition. Also, there is fluctuation in gross margin.
The global Hollow Blow Molding Machine market was 3160 million US$ in 2018 and is expected to 3670 million US$ by the end of 2025, growing at a CAGR of 1.9% between 2019 and 2025.
This report studies the Hollow Blow Molding Machine market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
Sidel (Tetra Laval)
Sipa
Krones
Bekum
Aoki Technical Laboratory
SMF
Jomar
Graham Engineering
ASB
KHS
Techne Graham
Uniloy Milacron (Milacron)
Mauser
Automa
Chia Ming Machinery
Fong Kee
ZQ Machinery
Akei
JASU Group
Quinko
Tech-Long
Parker
Magic
Kautex (Textron)
BBM
Meccanoplastica
Plastiblow
Pavan Zanetti
Wilmington
Multipack
By the product type, the market is primarily split into:
Extrusion Blow Molding Machine
Injection Blow Molding Machine
Others
By the end users/application, this report covers the following segments:
Food & Beverage Industry
Chemical Industry
Pharmaceutical Industry
Cosmetics Industry
Others
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Hollow Blow Molding Machine Market (2019-2025) by Growth Drivers and Challenges