Blow Molding Machines Demand to Grow Steadily and Reach $6.3 billion by 2030

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A new report from Industry Experts Inc, on "Blow Molding Machines", is unveiled. According to this global market research report, the market for Blow Molding Machines is estimated at US$4.9 billion in 2024 and is likely to log a 2024-2030 CAGR of 4.4% in reaching a projected US$6.3 billion by 2030.

The worldwide demand for Blow Molding Machines is poised to post a steady growth over the analysis period owing to several reasons, including advantages of bulk production & low labor costs, flexibility of materials & minimal waste generation, increasing demand for plastic packaging, lightweight packaging, increasing focus towards eco-friendly products, government initiatives & regulations, customized packaging solutions & end-users, such as food & beverages, healthcare, cosmetics and automotive having high demand for Blow Molding Machines in manufacturing their products.

Polyethylene (PE) is estimated to be the most widely used raw material for blow molding. PE is a thermoplastic polymer and largely used in manufacturing plastic components for various sectors, including automotive parts, household consumables, containers, appliances, plastic films, computer components, packaging material, electrical/electronic and industrial components. The consumer goods and food & beverage sectors are among the major end-users of PE-based products due to their strength, stiffness and impact resistance.

The report analyzes the global market for blow molding machines across major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

Worldwide market for blow molding machines studied in this report with respect to Process Type – Extrusion Blow Molding, Injection Blow Molding and Injection Stretch Blow Molding; Raw Material – Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC) and Other Raw Materials [Incl. Polycarbonate (PC)]; and End-Use Sector – Automotive, Building & Construction, Chemicals, Consumer Goods, Electrical & Electronics, Food & Beverage, Packaging, Personal Care & Cosmetics and Pharmaceuticals.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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