Bottle Blowing Machine Market was valued at US$ 1.907 Bn in 2016 which is expected to expand at a CAGR of 3.0%, during 2017-2025.
Albany, NY -- (SBWIRE) -- 04/17/2019 -- The global bottle blowing machine market was valued at US$ 1.907 Bn in 2016 and is expected to expand at a CAGR of 3.0%, during 2017-2025. The global market volume for bottle blowing machine is expected to expand 1.2x during the forecast period. Transparency Market Research, in its recently published report titled, "Bottle Blowing Machine Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017-2025," has segmented the global bottle blowing machine market by machine type, product type, end use industry, and geographic region.
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On the basis of technology type, the global bottle blowing machine market is segmented into extrusion blowing machine, injection blowing machine, and injection stretch blowing machine. Injection blowing machine segment accounted for the largest market share of 43% in 2016 among the technology type segment, owing to widespread adoption of the injection blowing technology in developed countries. Injection stretch blowing technology, which is specifically used in production of PET bottles, it represents a passively growing segment. This segment is expected to witness a sluggish CAGR of 3.4% during 2017-2025. Extrusion blowing technology segment covered over 27% market share in 2017 and will reportedly expand at a declining CAGR of 2.5% over the forecast period.
Based on machine type, the global bottle blowing machine market is classified as automatic and semi-automatic machine. Automatic machine segment, CAGR of 3.2 % during 2017-2025. On flipside, semi-automatic machine segment is expected to expand at a much lower CAGR of 2.3% over the assessment period, with a ceasing market value share over the time. This decline is attributed to the inconvenience associated with operation of this machine, as it compels manual control.
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According to material type, the global bottle blowing machine market is categorized into polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), and others. Polyethylene terephthalate (PET) segment is estimated to account for the largest market share in this segment, owing to superior properties of polyethylene terephthalate (PET) such as flexibility, durability, and reliability. This segment registered a major market value share of over 57% in 2017.
In terms of end-use industry, global bottle blowing machine market is segmented into key industries that the bottle blowing machine companies serve - food & beverages, pharmaceuticals, cosmetics & personal care, household, and others. Among these end-use domains, food & beverage industry registered a share of 59.6 % in terms of value in 2017. Pharmaceutical industry is expected to expand at the CAGR of 2.7% through to 2025.