PET Stretch Blow Molding Machine Market to Grow at a CAGR of 3.5% to reach US$ 1.36 Billion from 2020 to 2027

PET Stretch Blow Molding Machine Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology Type (Single Step and Two Step), Orientation Type (Linear and Rotary), End-User Industry (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, and Others) and Geography

Publication Month : Aug 2020

  • Report Code : TIPRE00012550
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 157
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The PET stretch blow molding machine market was valued at US$ 1.03 billion in 2019 and is expected to reach US$ 1.36 billion by 2027; it is estimated to grow at a CAGR of 3.5% during 2020–2027.

Presently, based on technique, there are few variations of the process used by various manufacturers to commercially produce different products. Among these, polyethylene terephthalate (PET) stretch blow molding-based technique generally involves manufacturing of  PET bottles having significantly large commercial application across several industry verticals, such as beverages, pharmaceutical, chemicals, consumer goods and cosmetics. The stretch blow molding technique leverages the ability of biaxial stretching to produce durable and strong container product with highly efficient production capabilities. Thus, increase in adoption of blow molding machine-based products across different industry vertical is anticipated to provide significant number of lucrative business opportunities for the players operating in the global PET stretch blow molding machine market. However, regulations regarding use of PET products might hinder the growth of PET stretch blow molding machine market. Change in preference from glass bottles to plastic bottles is creating lucrative business opportunities for the companies operating in the PET stretch blow molding machine market.

Strong demand for PET bottles, especially from the food & beverage industry, is expected to support the growth of the overall PET stretch blow molding machine market. Moreover, rising investment toward development of bio-degradable materials expected to support the growth of the PET stretch blow molding machine market.

Impact of COVID-19 Pandemic on PET Stretch Blow Molding Machine Market

The COVID-19 epidemic has impacted plastic packaging manufacturers worldwide. A survey was conducted by the IK Industrievereinigung Kunststoffverpackungen, a German Association for Plastics Packaging and Films, on the effects of the COVID-19 crisis. The survey exhibited the impact of COVID-19 on over 120 manufacturers of plastic packaging, mostly medium-sized companies. IK stated that though the manufacturers of system-relevant packaging for food, pharmaceutical, and medical products are, in some instances, attaining the limits of their capacity, suppliers to the automotive industry are particularly challenged with a substantial drop in demand. At present, several countries have already started the complete opening of factories, including China. The spread of pandemic is expected to have a short term impact on the PET stretch blow molding machine market.

Lucrative Regional PET Stretch Blow Molding Machine Market

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Market Insights – PET stretch Blow Molding Machine Market

Rising Preference for Bottled Water

PET stretch blow molding machines are predominantly used in the manufacturing of bottles, and thereby they witness the highest demand from the beverage industry. Consumers are shifting toward healthy consumption habits, and therefore, the demand for bottled water has witnessed exponential growth, particularly in the US, which is expected to support the growth of PET stretch blow molding machine market.  Additionally, several regions such as Mexico and Costa Rica are noticing concerns related to the lack of access to potable water. People are deploying additional water capacities to fulfill their daily water requirements. The mentioned factors are expected to propel the demand for PET bottles, which, in turn, is expected to boost the PET stretch blow molding machine market.

Technology Type Based Insights – PET Stretch Blow Molding Machine Market

The method used to manufacture PET bottles through PET stretch blow molding machines is commonly categorized into single step and two step procedure. Both of these procedures have different advantages and disadvantages, and bottle manufacturers and brand owners choose the method as per their requirements. The two step segment is expected to hold a significant share of the PET stretch blow molding machine market. However, the linear segment is expected to grow at a high CAGR during the forecast period.

PET Stretch Blow Molding Machine Market, by Technology Type – 2019 and 2027

PET Stretch Blow Molding Machine Market, by Technology Type – 2019 and 2027
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End-User Industry-Based Insights – PET Stretch Blow Molding Machine Market

F&B industry acquires a majority market share, and the use of PET in other areas of packaging has prevailed rapidly. This is due to significant advantages of PET, such as lower manufacturing or material costs and user-friendly properties, including high recycling capability, flexible containers, and unique appearances. Use of PET bottles and containers is significantly increasing for household goods, personal care & beauty care, and cleaning agents and chemicals, which is expected to support the growth of the PET stretch blow molding machine market. Based on end-user industry, the F&B segment held the significant share of PET stretch blow molding machine market. However, the personal care and cosmetics segment is expected to grow at significant CAGR during the forecast period.

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PET Stretch Blow Molding Machine Market: Strategic Insights

pet-stretch-blow-molding-machines-market
Market Size Value inUS$ 1.03 Billion in 2019
Market Size Value byUS$ 1.36 Billion by 2027
Growth rateCAGR of 3.5% from 2020-2027
Forecast Period2020-2027
Base Year2020
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The PET stretch blow molding machine market players are focusing on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors and achieve a significant market position.

  • In 2020, SACMI introduced a modular labelling machine, Flexi Opera RF, with a Speed of ~72,000 bph. The machine can function at the highest efficiency with PET, glass, metal, and RefPET.

PET Stretch Blow Molding Machine Market – By Technology Type

  • Single Step
  • Two Step

PET Stretch Blow Molding Machine Market – By Orientation Type

  • Linear
  • Rotary

PET Stretch Blow Molding Machine Market – By End-User Industry

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

PET Stretch Blow Molding Machine Market - Company Profiles

  • Krones AG    
  • Aoki Technical Laboratory, Inc.     
  • NISSEI ASB MACHINE CO.,LTD      
  • CHUMPOWER MACHINERY CORPORATION           
  • PARKER PLASTIC MACHINERY CO., LTD    
  • Pet All Manufacturing Inc.            
  • SACMI IMOLA S.C.            
  • Global Pet Industries Private Limited        
  • Guangzhou Tech-Long Packaging Machinery Co., Ltd      
  • SMF Maschinenfabrik GmbH
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Technology Type , Orientation Type , End-User Industry and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which region led the PET stretch blow molding machines market in 2019?

Europe led the PET Stretch Blow Molding Machines market in 2019. The bottled water demand in Europe is increased by rising sales in still and sparkling water categories in both off-trade as well as on-trade channels. Also, growing consumer concerns about the consumption of contaminated tap water is another significant factor in boosting the demand for bottled water in Europe. Since PET bottles widely used type of packaging in the bottled water industry, the demand for PET stretch blow molding machines is anticipated to rise.

Which factor is driving the PET stretch blow molding machines market?

The increasing adoption of green plastics is one of the key trends anticipated to fuel the growth of the PET stretch blow molding machine market. Several beverage manufacturers are venturing into projects focusing on manufacturing economical bio-based PET bottles to attain significant competitive benefits as well as attract a massive number of consumers. These containers/bottles are used for the packaging of soft drinks as well as alcoholic beverages such as beer, spirits, and wine. Moreover, there is a significant use of these eco-friendly bottles in the pharmaceutical and consumer products industries, which is expected to drive the growth of PET stretch blow molding machine market.

Which technology type led the PET stretch blow molding machines market?

The two step is the leading technology type in the market. Two-step process includes creation of the mold on one machine, followed by the transfer of mold to the second machine, where the mold is reheated. In this process, since injection as well as blow molding process are performed separately, the bottle preform is stored, transferred, and aligned before blow molding. These machines are fully automated and are used in most medium to large scale PET production companies. The machine is far more efficient compared to one-step machine.

The List of Companies - PET Stretch Blow Molding Machine Market

  1. Krones AG    
  2. Aoki Technical Laboratory, Inc.     
  3. NISSEI ASB MACHINE CO.,LTD      
  4. CHUMPOWER MACHINERY CORPORATION           
  5. PARKER PLASTIC MACHINERY CO., LTD    
  6. Pet All Manufacturing Inc.            
  7. SACMI IMOLA S.C.            
  8. Global Pet Industries Private Limited        
  9. Guangzhou Tech-Long Packaging Machinery Co., Ltd      
  10. SMF Maschinenfabrik GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

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  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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