The blown film extrusion machine market was estimated at US$ 7192.77 million in 2022 and is anticipated to grow to US$ 11170.15 million by 2032, representing a CAGR of 4.5% between 2022 and 2032. To satisfy customer needs, blown film extrusion machine market participants offer blown film extrusion machine in a range of sizes, types, and variations.
| Attributes | Details |
|---|---|
| Blown Film Extrusion Machine Market Size (2022) | US$ 7192.77 million |
| Blown Film Extrusion Machine Market Projected Size (2032) | US$ 11170.15 million |
| Value CAGR (2022 to 2032) | 4.5% |
A sophisticated system for producing goods and finished goods is endowed by the industrial sector. In the packaging industry, blown film extrusion machine are now required equipment. This is a crucial opportunity for blown film extrusion machine market growth.
Product launches, alliances, and blown film extrusion machine market expansion were the three main strategies used by the market's major players to adapt to changing consumer demands. To further strengthen their position in the blown film extrusion machine market, they also introduced a variety of energy-efficient blown film extrusion machine. A new product line is being introduced by players to the Middle Eastern rigid packaging market.
Market vendors now have lucrative blown film extrusion machine market opportunities to profit from the demand for plastic films across a variety of industries. In order to take a comprehensive approach to growth and development, the company incorporates the synergies of machine, product, and industrial design. This element, along with the significance of plastic films across numerous industries, may boost the company's notoriety.
A number of important blown film extrusion machine market players declared their intention to work with businesses to offer engineering and professional services to support the design and construction of commercial facilities based on their unique waste-to-energy Conversion System.
The development of its first fully commercial plants and the completion of international projects are made possible by the addition of world-class engineering capabilities, particularly in the fields of power generation and industrial facilities.
A company that produces plastic extruders and offers practical solutions for the plastic processing industry. At upcoming events, they will display high-performance recycling devices for plastic waste.
They are dedicated to creating corresponding recycling equipment as a remedy for the growing global plastic pollution, which includes marine pollution. In order to process both industrial and post-consumer plastic waste and produce high-quality plastic granules, the series plastic waste recycling machine combines a shredder, extruder, and pelletizer.
They have teamed up with others to develop cost-effective laser solutions for the blown film extrusion machine market. Three new strategic global partnerships will be announced by key blown film extrusion machine market players, furthering the company's enviable reputation for providing effective manufacturing solutions that maximize the profits of its clients.
The blown film extrusion machine market player made announcements about the partnerships while giving visitors a tour of their brand-new, cutting-edge service and demo centre, which also serves as a contract packaging business. They presented new technology to international business insiders.
Blown film extrusion machine market players also collaborated with another German manufacturer, a family-run company that produces, among other things, spout inserters, pouch makers, and machines for film conversion. The blown film extrusion machine market player's strategic geography will unquestionably be beneficial to them everywhere.
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Packaging films market is growing in leaps & bounds and is anticipated to witness a strong development over the forecast period. The rising demand of packaging films has led to a surge in the blown film extrusion machine market. The blown film extrusion machine offers great versatility to the manufacturers as a variety of films can be extruded from a single machine.
Packaging film manufacturers are offering products with unique and beneficial features which are fulfilled by blown film extrusion machine as it provides the capability of biaxial orientation, which allows uniformity in all mechanical properties. Also, a flat, as well as gusseted tubing, can be formed in a single operation which in turn maximizes the profitability margins of the manufacturers.
The rising demand for packaging films from the food & beverages market is directly proportional to the growth of the global blown film extrusion machine market. The Blown film extrusion machine caters to both barrier as well as non-barrier packaging applications. Moreover, blown film extrusion machine also facilitates the processing of a wide range of polymers which further propels the growth of the global blown film extrusion machine market.
Blown film extrusion machines are highly efficient as compared to their counterparts which is expected to spur the demand of the global market. Blown film extrusion machines cannot sustain high temperatures and also have cooling issues which is expected to hamper the growth of the global blown film extrusion machine market.
Also, the initial cost of installation of the blown film extrusion machines is high which is hampering the growth because the local manufacturers witness a lack of financial capabilities. Blown film extrusion machine market is expected to grow on the backdrop of growing food & beverages end use sector is expected to offer remunerative opportunities.
Principal Consultant
Blown film extrusion machine is segmented on the basis of machine type, material type, application, and geography. On the basis of material type, blown film extrusion machine market is segmented into LDPE (low density polyethylene), HDPE (high density polyethylene), LLDPE (linear low density polyethylene), polyamides & EVOH. On the basis of application, Blown film extrusion machine market is segmented into food and beverages, consumer goods, and pharmaceuticals.
Food and beverage is further segmented into bakery products, dairy products, frozen food and beverages. On the basis of machine type, the global blown film extrusion machine market is segmented into semi-automatic and automatic blown film extrusion machines.
On the basis of geography, the global blown film extrusion machine market is segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America and Asia Pacific are expected to collectively dominate the market throughout the forecast period.
However, many packaging film suppliers and converter companies are investing in Asia Pacific to tap the growing demand. Furthermore, Asia Pacific is anticipated to witness a steady growth in the blown film extrusion machine market over the forecast period primarily driven by industrialization in economies like China and Japan.
In Middle East & Africa, industrialization is comparatively deprived due to which the blown film extrusion machine market is expected to witness sluggish growth in the region. Economic downturns in the Latin American region represents low opportunities of growth for the blown film extrusion machine market.
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Some of the key players of the global blown film extrusion machine market are Plasco Engineering Inc., Ye I Machinery Factory Co. Ltd., Windsor Machines Ltd., Polystar Machinery Co. Ltd., Karlville Development LLC., Chyi Yang Industrial Co., Ltd., Kung Hsing Plastic Machinery Co. Ltd., Fong Kee International Machinery Co. Ltd., Friul Filiere SpA, Alpha Marathon Technologies Group, Brampton Engineering Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Blown Film Extrusion Machine Market
