PET Stretch Blow Molding Machines Market Outlook (2023 to 2033)

The global PET Stretch Blow Molding Machines Market is set to gain a valuation of USD 760.0 Million in 2023 and is going to further expand at a CAGR of 2.9% from 2023 to 2033. A valuation of USD 978.4 Million is set to be registered by the market by the end of 2033. By the end of 2022, the top 5 PET stretch blow molding machine providers are projected to capture nearly 15 to 20% of the market.

Substantially increased production outputs in manufacturing industries are the result of the increased use of automation for producing a large number of products. PET stretch blow molding machines produce a large number of PET bottles that are used for packaging purposes in various end-use industries. PET stretch blow molding machines are extensively used by large-scale bottle manufacturing industries for faster production.

PET stretch blow molding machines are widely used by manufacturers, and easily available in the market in various types and models. Single-step and two-step PET stretch blow molding machines are available in the market for purchase.

In single-step blow molding machines, a preform is molded and conditioned at the proper temperature. It is then blown into containers by inserting the mold in a single stretch, which forms a continuous process. In two-step blow molding machines, on the other hand, a preform is blow molded and then stored for some period of time, maybe up to 1 to 4 days, and then blown into containers by using reheat blow machines.

Based on technology type, the single-step segment is projected to create an absolute dollar growth opportunity in the global market for PET stretch blow molding machines due to increasing production rates of manufacturing industries. The single-step PET stretch blow molding machines segment is likely to surge 1.4 times during the forecast period.

According to Future Market Insights, the PET stretch blow molding machines industry revenue boomed to USD 735.2 Million in 2022. Considering the increased application of PET bottles in packaging, the market is projected to witness robust growth throughout the estimated time frame.

The PET stretch blow molding machines industry is anticipated to create an incremental growth opportunity of USD 243.2 Million during the projected time frame. The personal care & cosmetics industry is set to fuel the demand for PET stretch blow molding machines. The PET stretch blow molding machines industry is predicted to expand 1.3 times throughout the assessment period.

Attributes Key Insights
Global PET Stretch Blow Molding Machines Market Estimated Size (2023E) USD 760.0 Million
Projected Market Valuation (2033F) USD 978.4 Million
Value-based CAGR (2023 to 2033) 2.9%
Collective Value Share: Top 3 Countries (2023E) 30 to 35%

Exclusive Offer: 30% Off on Regional Reports

Get a free sample report and customize your regions for a 30% discount on your regional report!

2017 to 2022 PET Stretch Blow Molding Machines Market Outlook Compared to 2023 to 2033 Demand Forecast

The global PET stretch blow molding machines market has anticipated a CAGR of 1.4% during the historical period with a market value of USD 735.2 Million in 2022 from USD 675.3 Million recorded in 2017.

During the historical period, the PET stretch blow molding machines demand was fueled by increased production and consumption of beverages. Also, PET bottles had extensive usage in the packaging of various liquid-based products as they are considered to be lightweight and cost-effective solutions.

PET is a recyclable material that is projected to be adopted by many brands for packaging. Increased demand for plastic PET bottles by numerous brands is rising globally because of the clarity provided by these bottles, which allows for customizing their aesthetics by the application of attractive labels.

Moreover, the expansion of the pharmaceutical and cosmetics industries in recent times is set to contribute to increased PET stretch blow molding machine sales in the global market. Growth in the packaged drinks market in the last few years is also likely to drive sales of PET stretch blow molding machines. Escalating industrialization and improvement in technology are a couple of other significant factors propelling demand in the PET stretch blow molding machines market.

Top Trends Pushing the Demand for PET Stretch Blow Molding Machines

Burgeoning Demand for Customized Containers to Fuel Sales

European nations like Germany, Italy, France, and others have witnessed increasing levels of automation, which has made it possible for manufacturers to create PET bottles more quickly and effectively. Several manufacturers are concentrating on sterilizing and expressing interest in automation.

Increasing demand for plastic bottles supporting the sharp rise in stretch blow molding machines sales is attributed to the expansion of the FMCG, retail, and pharmaceutical industries. The beverage industry in particular has seen rising consumer expectations and high demand for lightning-fast order fulfillment and delivery.

Decision-makers are being forced to adopt new perspectives in order to satisfy the widening range of client expectations, including those for customized container designs. Production is expanding gradually to meet this need. In order to improve supply, players are condensing production concurrently by building new green-field facilities and enlarging warehouses with the same footprint. This is encouraging the development of automatic stretch blow molding machines.

Get Brochure on Email

Almost 80% of our clients request uniquely tailored intelligence.

Country-wise Insights

How Would Germany Create New Growth Opportunities for PET Stretch Blow Molding Machines Providers?

Sales of PET Blow Machines to Elevate across Germany Amid High Demand for Personal Care Products

Expanding the cosmetic industry along with a ban on single-use non-recyclable plastic items in Germany would fuel the demand for PET products such as PET bottles, which would help to bolster sales of PET stretch blow molding machines. The market for PET stretch blow molding machines in Germany is estimated to reach USD 48.0 Million by the end of 2023. It is projected to create an incremental opportunity of USD 11.9 Million from 2023 to 2033, says FMI.

According to the Cosmetics Europe - The Personal Care Association, Germany was one of the largest markets for cosmetic and personal care products in 2020 Europe. Thus, the country being the largest market for cosmetic and personal care products, is anticipated to create a new growth opportunity for PET stretch blow molding machines manufacturing companies.

Why is India Estimated to Augment Sales of PET Stretch Blow Molding Machines?

Pharmaceutical Companies in India to Demand Blow Molding Machines by 2033

The growing Indian pharmaceutical industry is a major factor propelling the demand for PET stretch blow molding machines in the country. India is expected to hold around 45% of the market value share by the end of 2025, suggests FMI.

As per a report published by the Ministry of Commerce and Industry, exports of Indian drug and pharmaceutical products were worth USD 24.6 billion in the year 2022 from USD 24.4 billion in the year 2021. The pharmaceutical sector in the country provides more than 50% of global vaccine demand, 40% of generic demand, and 25% of all medicines in the United Kingdom

Indian pharmaceutical companies have around 10,500 manufacturing units at the domestic level and nearly 3000 drug companies. India is thus estimated to augment sales of PET stretch molding machines in the next ten years with the expanding pharmaceutical industry.

Category-wise Insights

Which is the Most Preferred Type of Technology across the Globe?

Demand for Single-Step Plastic Bottle Preform Machines to Skyrocket

Based on technology type, the single-step segment is expected to lead the PET stretch blow molding machines market during the forecast period. Single-step PET stretch blow molding machines provide faster production of bottles, as compared to two-step machines. Also, these machines are economical as they can easily complete the process in a single stage. Thus, as per FMI, the segment is expected to cover 62% of the global market share by the end of 2033.

Which is the Leading End Use Industry for PET Stretch Blow Molding Machines Manufacturers?

Personal Care & Cosmetics Manufacturers to Look for Advanced HDPE Blow Molding Machines

The ongoing expansion of the market for beauty and cosmetics products is projected to generate high demand for PET stretch blow molding machines. The personal care & cosmetics segment by end-use industry is projected to offer a lucrative growth opportunity for the global market for PET stretch blow molding machines. The target segment is estimated to create an incremental growth opportunity of USD 72.4 Million during the estimated time period.

Check Free Sample Report & Save 40%!

Select your niche segments and personalize your insights for smart savings. Cut costs now!

Competitive Landscape

Leading players in the PET stretch blow molding machines market faced a reduction in sales and market share during the pandemic. Currently, major players are gaining high value by developing new products in the PET stretch blow molding machines market. They are engaging in mergers & acquisitions, collaborations, partnerships, new product launches, and joint ventures to compete in the global market.

Recent activities and mergers implemented by PET stretch blow molding machines manufacturers are:

  • In November 2022, Krones AG announced the acquisition of Research and Development Custom Automation LLC. It is a reputed supplier of machinery and equipment for the production and filling of containers. Krones aims to expand its capabilities in the pharmaceutical market with the help of this acquisition.
  • In July 2020, Jomar Corp announced its partnership with AUTOMA by MAGIC Srl by signing an agreement with it. The latter will be the exclusive distributor of extrusion blow molding machines in North America.

Scope of the Report

Attribute Details
Estimated Market Size (2023) USD 760.0 Million
Projected Market Valuation (2033) USD 978.4 Million
Value-based CAGR (2023 to 2033) 2.9%
Historical Data 2017 to 2022
Forecast Period 2023 to 2033
Quantitative Units Value (USD Million)
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered Technology Type, Orientation Type, End Use Industry, Region
Regions Covered North America; Latin America; Europe; Middle East and Africa; Asia Pacific excluding Japan and China (APEJC); Japan; China
Key Countries Covered USA, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, Spain, United Kingdom, India, Thailand, Australia, GCC countries, South Africa
Key Companies Profiled Zhejiang Huangyan Lingma Plastic Machinery Co., Ltd; Sacmi Imola S.C.; Nissei ASB Machine Co., Ltd.; Chumpower Machinery Corp.; Aoki Technical Laboratory, Inc.; Krones AG; KHS GmbH; Sidel; PET All Manufacturing Inc.; Parker Plastic Machinery Co., Ltd.; Global PET Industries Pvt. Ltd.; Chia Ming Machinery Co., Ltd; SMF Maschinenfabrik Germany; SIPA S.p.A.; SuZhou Bestar Blow Molding Technology Co., Ltd.; Guangzhou Tech-Long Packaging Machinery Co., Ltd.; SMI S.p.A.; Demark Holding Group; Taizhou Guangdu Plastic Machinery Co., Ltd.; PET Technologies; Jiangsu Victor Machinery CO., Ltd; GOLFANG Mfg. & Development Co., Ltd.; Mega Machinery; Jomar Corp.; Shyam Plastic Machinery
Table of Content
  • 1. Executive Summary | PET Stretch Blow Molding Machines Market
  • 2. Market Overview
  • 3. Key Market Trends
  • 4. Key Success Factors
  • 5. Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2033
  • 6. Market - Pricing Analysis
  • 7. Market Demand (in Value or Size in USD Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033
  • 8. Market Background
  • 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Technology Type
    • 9.1. Single Step
    • 9.2. Two Step
  • 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Orientation Type
    • 10.1. Linear
    • 10.2. Rotary
  • 11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End-Use Industry
    • 11.1. Food
    • 11.2. Beverages
    • 11.3. Pharmaceuticals
    • 11.4. Personal Care & Cosmetics
    • 11.5. Others
  • 12. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region
    • 12.1. North America
    • 12.2. Latin America
    • 12.3. Europe
    • 12.4. Middle East and Africa (MEA)
    • 12.5. East Asia
    • 12.6. South Asia
    • 12.7. Oceania
  • 13. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033
  • 14. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033
  • 15. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
  • 16. APEJC Market Analysis 2017 to 2022 and Forecast 2023 to 2033
  • 17. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033
  • 18. China Market Analysis 2017 to 2022 and Forecast 2023 to 2033
  • 19. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033
  • 20. Country-wise Market Analysis
  • 21. Market Structure Analysis
  • 22. Competition Analysis
    • 22.1. Zhejiang Huangyan Lingma Plastic Machinery Co., Ltd.
    • 22.2. Sacmi Imola S.C.
    • 22.3. Nissei ASB Machine Co., Ltd.
    • 22.4. Chumpower Machinery Corp.
    • 22.5. Aoki Technical Laboratory, Inc.
    • 22.6. Krones AG
    • 22.7. KHS GmbH
    • 22.8. Sidel
    • 22.9. PET All Manufacturing Inc.
    • 22.10. Parker Plastic Machinery Co., Ltd.
    • 22.11. Global PET Industries Pvt. Ltd.
    • 22.12. Chia Ming Machinery Co., Ltd.
    • 22.13. SMF Maschinenfabrik Germany
    • 22.14. SIPA S.p.A.
    • 22.15. Suzhou Bestar Blow Molding Technology Co., Ltd.
    • 22.16. Shyam Plastic Machinery
    • 22.17. Guangzhou Tech-Long Packaging Machinery Co., Ltd.
    • 22.18. SMI S.p.A
    • 22.19. Demark Holding Group
    • 22.20. Taizhou Guangdu Plastic Machinery Co., Ltd.
    • 22.21. PET Technologies
    • 22.22. Jiangsu Victor Machinery CO. Ltd.
    • 22.23. GOLFANG Mfg. & Development Co., Ltd.
    • 22.24. Mega Machinery
    • 22.25. Jomar Corp.
  • 23. Assumptions and Acronyms Used
  • 24. Research Methodology

PET Stretch Blow Molding Machines Market Outlook by Category

By Technology Type:

  • Single Step
  • Two Step

By Orientation Type:

  • Linear
  • Rotary

By End Use Industry:

  • Food
  • Beverages
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • Asia Pacific excluding Japan and China (APEJC)
  • Japan
  • China

Frequently Asked Questions

How Big will be this Market by 2033?

This market is estimated to reach USD 978.4 million by 2033.

Which Countries Dominate the Global Market?

Germany and India dominate the global market.

How is the Historical Performance of the Market?

During 2017 to 2022, the market grew at a CAGR of 1.4%.

Which is the Top Trend in this Market?

Burgeoning demand for customized containers to fuel sales.

Which Technology holds Lucrative Opportunities?

The single-step sector holds high revenue potential.

Recommendations
Injection Blow Molding Machine Market
Estimated Size, 2024 USD 2.5 billion
Projected Size, 2034 USD 3.3 billion
Value-based CAGR (2024 to 2034) 2.4%
Packaging Machinery Market
Market Size, 2023 USD 59.4 billion
Market Size, 2033 USD 92.3 billion
Value-based CAGR from 2023 to 2033 4.5%
North America PET Blow Molder Market
Market Size in 2023 USD 50.2 million
Projected Market Size in 2033 USD 140.8 million
Value-based CAGR from 2023 to 2033 10.86%
Stretch Blow Molding Machines Market
Market Size (2023) USD 871.9 million
Market Size (2033) USD 1.2 billion
Market CAGR (2023 to 2033) 3.4%

Explore Packaging Machinery Insights

View Reports
Trusted By
Future Market Insights

PET Stretch Blow Molding Machines Market

Schedule a Call