What about the Bottle Blowing Machine Market 2017-2024

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Bottle Blowing Machine is a mechanical equipment used to manufacture bottles. Plastic packaging has been a trend in the global packaging market for a long time and recently witnessed innovation at large. A global need to produce high quality and low cost bottle is becoming a trend. The material used to manufacture bottle can be Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), and Polyvinyl Chloride (PVC) varying on the desired properties of bottle. However the Polyethylene Terephthalate (PET) has recorded the fastest growth in production as well as consumption amongst all other types of bottle materials. The dynamic changes in packaging industry is a prime factor in the advancement of bottle blowing machines leading to more sophisticated and efficient bottle blowing machine.

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Globally the bottling industry is witnessing dynamic growth primarily driven by the growing number of new consumers and increasing number of consumer products being bottled. The growing food and beverages industry is a major diving factor for the blowing machine market. Globally change in lifestyle as well as demand for the packaged food are estimated to benefit the blowing machine market. Demand for packaged drinking water, juices, milk products is witnessing rapid growth leading to the greater demand for sophisticated bottling solutions. Growing demand for alcoholic beverages is a major driving factor especially in developing countries where robust growth is forecasted.

On the other hand the global bottle blowing machine market is facing restrain due to the stringent government laws and opposition from environmental protection agencies. The tremendous waste produced due to plastic is forcing governments to restrict the production and sale of bottle in some geographies which is a restraining factor for blowing machine market. Hence the bottle blowing machine manufacturers need to invest on new and efficient recycling technologies readily incorporated in the bottle blowing machine for sustainable growth of the bottle blowing machine industry.

The opportunities for market growth for bottle blowing machine market includes in business expansion in developing economies where growth as well as lenient laws will drive the growth. The incorporation of plastic recycling which is an efficient and environmental friendly practice will be an opportunity for bottle blowing machine manufactures to differentiate themselves in highly competitive bottle blowing machine market.

The global bottle blowing machine market is segmented based upon technology, application and geography. On the basis of technology the global Bottle Blowing Machine market is segmented into Extrusion Blow Molding machine, injection blow molding and stretch blow molding machines. On the basis of application bottle blowing machine market is segmented into food and beverages, Pharmaceuticals, fertilizers and industrial packaging for various purposes.