Plastic Film Blowing Machines Market Is Projected To Grow At A CAGR Of 5.80% Within The Forecast Period Of 2023-2030: Cognitive Market Research Themarketpublicist

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Plastic Film Blowing Machines Market Size, Share & Trends Analysis Report By Type (Screw Diameter 40mm Type, Screw Diameter 45mm Type, Screw Diameter 55mm Type, and Other), By Application (Flexible Packaging Bag, T-shirt Bag, Garbage Bag, Shopping Bag, and Other), By Technology (Rotary Die, Stationary Die, and Multi-layer Co-extrusion), By Material (HDPE, LDPE, LLDPE, PP, PVC, and EVA), By End-User Industry (Food & Beverages, Pharmaceutical, Personal Care, Agriculture, Retail, and Others), By Region, And Segment Forecasts, 2023 – 2030

Market Overview

According to Cognitive Market Research, the global plastic film blowing machines market size will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.

The demand for plastic films in consumer and food packaging applications is expected to increase significantly throughout the forecasted period due to rising packaged food product consumption. Moreover, the requirement for less distance and manpower, efficient energy and increased performance are the elements that are helping the development of the plastic film-blowing machines market. Global plastic film blowing machines market trends are manufacturing of additives and light worldwide are delivering different opportunities for the evolution of plastic film blowing machines market.

• For instance , in July 2022, Graham Engineering developed Kennedy Tool & Die. Kennedy will stay to have operations in Birdsboro and will deliver key contributions to Graham Engineering's maintenance business. The acquisition will permit the business to support its customers throughout the life of its extrusion system.

Market Summary :

• The global plastic film blowing machines market will expand at a 5.80% CAGR between 2023 and 2030.
• The demand for plastic film blowing machines is rising due to energy-efficient appliances.
• Demand for screw diameter 40mm type remains higher in the plastic film blowing machines market.
• The pharmaceutical category held the highest plastic film blowing machines market revenue share in 2023.
• Asia-Pacific will continue to lead, whereas the North America plastic film blowing machines market will experience the strongest growth until 2030.

How COVID–19 Impacted the Plastic Film Blowing Machines Market?

The unanticipated COVID-19 pandemic prompted the performance of strict lockdown constraints across a number of economies, causing troubles in manufacturing operations. The COVID-19 pandemic presented the market with a number of challenges, including a deficiency of qualified workers and manufacturing delays or halted as a result of the total lockdown. Blown film extrusion plants' production was severely disrupted as a result. However, one of the major drivers driving the plastic film blowing machines market growth during the COVID-19 pandemic was the rise in demand for packaging solutions for food parcels and takeaways.

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MARKET DYNAMICS: KEY DRIVERS

Energy-Efficient Machines to Provide Viable Market Output

With the expected growth in the demand for packaging solutions, investors and businesses are investing capital and time in new products. Owing to these research and development initiatives, there are several new products incorporating the synergies of machine, product, and industrial design. These new products in the plastic film blowing machines market consume comparatively very little power, thereby making them highly energy-efficient and hence increasing the incentive to buy such products, which are meant to supplement the sale of blue film extrusion lines. The growing energy-efficient machines in the EV industry are expected to increase the demand for plastic extruded components and, in turn, are likely to increase the demand for plastic extruders in the country.

• For instance , as per the article published by the International Energy Agency, Electric cars are seeing an exponential increase as sales surpassed 10 million in 2022. The share of electric cars in total deals has more than tripled in three years, from 4% in 2020 to 14% in 2022.

Various Strategies Adopted by Key Players to Propel Market Growth

The key businesses operating in the industry are highly keen on the adoption of various growth strategies, including capacity development, alliances, mergers and acquisitions, geographical development, new product establishment, and product innovation to stay competitive in the marketplace. This is expected to impact significant market growth positively. Hence, the consequence and manufacturing of creative solutions in the plastic film-blowing machine market are augmenting the growth over the forecast period.

• For instance , in December 2017, JSW launched a new model of the 'TEX-αIII' Twin Screw Extruder series,“TEX34αIII,” which pursued a high performance to redefine“the high-performance small-sized extruders” in the market.

MARKET DYNAMICS: KEY RESTRAINTS

Environmental Concerns to Hinder Market Growth

Environmental concerns are a critical factor affecting the plastic film blowing machines market. Plastic films, widely produced using these machines, have come under scrutiny due to their adverse environmental impact. As plastic films are pervasive in single-use packaging and agricultural applications, they contribute significantly to plastic pollution and harm to ecosystems. Governments worldwide are imposing stricter regulations on plastic use and encouraging the adoption of biodegradable materials.

How are Segments Performing in the Global Plastic Film Blowing Machines Market?

Type Segment Analysis

According to Cognitive Market Research, the 40mm screw diameter type held the major market share. 40mm screw diameter type is a specific configuration used for extrusion processes. This type of machine is known for its versatility, capable of producing various film thicknesses and types, making it appealing to manufacturers seeking flexibility. A driver for the adoption of 40mm screw-diameter machines is their ability to cater to the growing demand for thinner, more sustainable plastic films in packaging and agriculture.

The screw diameter 55mm type is the second-most used product as it enables the production of thicker and more robust plastic films. This type of machine is in demand due to its capacity to satisfy the requirements of industries like construction and heavy-duty packaging.

Application Segment Analysis

Shopping bags held the major market share over the forecast period. These machines are essential for manufacturing thin plastic films used in shopping bags, which are in high demand globally due to the growing retail sector and consumer preference for lightweight, convenient packaging. Manufacturers seek to produce biodegradable and reusable bag options, requiring advanced plastic film blowing machines for their production.

According to Cognitive Market Research, flexible packaging bag is the fastest-growing category as these machines play a pivotal role in producing the versatile plastic films used in various packaging applications, including food, pharmaceuticals, and consumer goods. A key driver for this market is the consumer preference for convenient, lightweight, and sustainable packaging solutions.

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Technology Segment Analysis

The multi-layer co-extrusion category held the major market share due to the increasing prevalence of e-commerce platforms and online retail, consumers have more comfortable access to a vast array of coffee machine options, including fully automatic models. The convenience of online shopping allows buyers to research, compare, and make informed choices from the comfort of their homes.

According to Cognitive Market Research, offline is the fastest-growing category, as the adoption of multi-layer co-extrusion technology is a significant driver. These machines enable the production of multi-layer plastic films with diverse properties, such as barrier protection, durability, and clarity. A key driver for this market is the growing demand for specialized packaging solutions across various industries, including food and pharmaceuticals.

Material Segment Analysis

The PP category held the major market share over the forecast period. PP is favored for its versatility, durability, and recyclability, making it a popular choice for producing various plastic films, including packaging materials, bags, and industrial films. Manufacturers rely on plastic film blowing machines to efficiently process PP and meet the growing demand for eco-friendly packaging options, propelling the market growth.

According to Cognitive Market Research, PVC is the fastest-growing category. PVC is a widely used material in the production of plastic films for applications such as construction, packaging, and signage. The demand for PVC-based films and their manufacturing via these machines fuels market growth.

End-User Industry Segment Analysis

The pharmaceutical industry drives the plastic film blowing machines market by requiring specialized films for medication packaging. These machines produce precise and sterile films for pharmaceutical products, meeting stringent quality and regulatory standards. The demand for secure and efficient drug packaging contributes significantly to the market's growth.

According to Cognitive Market Research, PVC is the fastest-growing category. These machines produce plastic films used in personal care product packaging, such as shampoo sachets and lotion containers. The market thrives on the constant demand for flexible and aesthetically appealing packaging solutions in this sector.

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Which region dominates the market in 2023, and which region is expanding at the fastest CAGR?

According to Cognitive Market Research, Asia-Pacific dominated the market in 2023 and accounted for more than 35% of the global revenue over the forecast period as there is a constant need for plastic film blowing machines in nations due to the presence of numerous small to medium-sized manufacturing sectors including packaging, the automobile industry, consumer goods, and others that demand extruded plastic products of the highest quality.

North America is the fastest-growing category over the forecast period. High-density polyethylene (HDPE) pipes are in higher demand in the US as a result of the continued building of significant infrastructure projects like highways, bridges, and tunnels. These pipes are utilized in place of more conventional materials like concrete and steel for water and wastewater management systems.

COMPETITIVE LANDSCAPE: PLASTIC FILM BLOWING MACHINES MARKET

The major players are embarking on mergers and acquisitions as one of their prominent strategies to achieve consolidation and optimize their offerings. Advanced distribution channels and manufacturing expertise give an upper edge to the manufacturers to enhance their range of products across the plastic film blowing machines market.

• September 2018: Krones AG, a German packaging and bottling machine manufacturer, announced acquiring the business operations and assets of a leading process technology equipment manufacturer, Shanghai Xian tong Equipment Installation. The acquisition will help the firm to develop its product portfolio and boost its impression in China market.

Some Prominent Players in the Global Plastic Film Blowing Machines Market Include :

• S. S. Mechanical Engineers
• CHERNG HORNG Machinery
• Yiwu Innovo Printing Machinery
• CACO Plastics
• Zhejiang Zhuxin Machinery
• Ruian Huarui Plastic Machinery
• Zhejiang Dongfeng Plastic Machinery Factory
• Wanqun Plastic Machinery
• Zhejiang Bangtai Machine
• POLYSTAR
• General Plastics

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SEGMENTATION: Plastic Film Blowing Machines Market

Type Outlook :

• Screw Diameter 40mm Type
• Screw Diameter 45mm Type
• Screw Diameter 55mm Type
• Other

Application Outlook

• Flexible Packaging Bag
• T-shirt Bag
• Garbage Bag
• Shopping Bag
• Other

Technology Outlook

• Rotary Die
• Stationary Die
• Multi-layer Co-extrusion

Material Outlook

• HDPE
• LDPE
• LLDPE
• PP
• PVC
• EVA

End-User Industry Outlook

• Food & Beverages
• Pharmaceutical
• Personal Care
• Agriculture
• Retail
• Others

Regional Outlook :

• North America
  • The US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Frequently asked questions regarding the global Plastic Film Blowing Machines market.

• What is the market size for the plastic film blowing machines market in 2023?

Answer- The global market size for plastic film blowing machines in 2023 was XX USD billion.

• What is the growth rate for the plastic film blowing machines market?

Answer- The global market is predicted to extend with a CAGR of 5.80% during the forecast period.

• Which region held the prominent share in the market for plastic film blowing machines?

Answer- Asia-Pacific had the largest global plastic film blowing machines market revenue share in 2023.

• Which region is projected to detect the fastest growth in the coming years?

Answer- North America will witness the fastest growth in the global plastic film blowing machines market over the coming years.

• Which is the leading country in the plastic film blowing machines market in 2023?

Answer- India had the largest global plastic film blowing machines market revenue share in 2023.

• What are the prominent drivers for the expansion of the plastic film blowing machines market?

Answer- The main drivers of the growth of the plastic film blowing machines market are energy-efficient machines and technological advancement by various key players.

• Which is the major segment in the plastic film blowing machines market by type?

Answer- The screw diameter 40mm type segment had the largest share in the global plastic film blowing machines market by type.

• Which is the major segment in the plastic film blowing machines market by application?

Answer- In 2023, the shopping bag category had a prominent share in the global plastic film blowing machines market in terms of application.

• Which is the major segment in the plastic film blowing machines market by technology?

Answer- The multi-layer co-extrusion segment had the largest share in the global plastic film blowing machines market by technology.

• Which is the major segment in the plastic film blowing machines market by material?

Answer- In 2023, the PP category had a prominent share in the global plastic film blowing machines market in terms of material.

• Which is the major segment in the plastic film blowing machines market by material?

Answer- In 2023, the pharmaceutical category had a prominent share in the global plastic film blowing machines market in terms of material.

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