SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Bottle Blowing Machines - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 359
Companies: 46 - Players covered include Aoki Technical Laboratory, Inc.; Chia Ming Machinery Co., Ltd.; Chumpower Machinery Corporation; Demark (Changxing) Injection System Co., Ltd.; Global Pet Industries Pvt. Ltd.; Golfang Mfg. & Development Co., Ltd.; Guangzhou Tech-Long Packaging Machinery Co., Ltd.; Kenplas Industry Ltd.; KHS GmbH; Krones AG; Mahalaxmi Pet Machines; Nissei ASB Machine Co. Ltd.; Parker Plastic Machinery Co., Ltd.; Pet All Manufacturing, Inc.; Quinko Fujian Machinery Industrial Co., Ltd.; SACMI IMOLA S.C.; Sidel; SIPA SpA; SMI S.p.A. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Consumer Goods, Other End-Uses); Material Type (PE, PVC, PET, Other Material Types); Technology (Extrusion Blowing Machine, Injection Blowing Machine, Injection Stretch Blowing Machine)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Bottle Blowing Machines Market to Reach $2.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Bottle Blowing Machines estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2026, growing at a CAGR of 1.7% over the analysis period. Extrusion Blowing Machine, one of the segments analyzed in the report, is projected to record a 1% CAGR and reach US$714.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Injection Blowing Machine segment is readjusted to a revised 2.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $552.4 Million in 2021, While China is Forecast to Reach $415.3 Million by 2026
The Bottle Blowing Machines market in the U.S. is estimated at US$552.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$415.3 Million by the year 2026 trailing a CAGR of 3.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.6% CAGR.
Injection Stretch Blowing Machine Segment to Reach US$464.2 Million by the year 2026
In the global Injection Stretch Blowing Machine segment, USA, Canada, Japan, China and Europe will drive the 1.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$316.2 Million in the year 2020 will reach a projected size of US$346.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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