The North America PET Blow Molder Market: Projected to Reach US$ 140.8 Million by 2033 with a Striking CAGR of 10.86%

Posted on 2024-02-21 by Future Market Insights in Advertising, Industrial, Retail // 0 Comments

In the North American market for PET blow molders, the United States takes the lead, with an expected value of US$100 million in 2023. This dominance is not surprising, given the country’s significant role in machine manufacturing, employing over a million Americans and playing a crucial role in the national economy. The United States continuously drives innovation and technological advancements in this sector, resulting in cost reductions and sustainable changes in product markets. These developments stimulate demand for PET blow molders as manufacturers seek efficient machinery to meet evolving consumer demands and stay competitive on a global scale.

On the other hand, Canada demonstrates a growing concern for sustainability, particularly regarding plastic consumption and its environmental impact. The statistics provided by the Canadian government reveal alarming levels of single-use plastic waste, such as plastic bags and straws, which contribute to environmental challenges and threaten ecosystems and wildlife. Moreover, the potential health risks associated with PET, including the leaching of antimony trioxide and phthalates in extreme heat, raise concerns for human well-being.

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However, there is a silver lining, as ongoing research and new product development in the manufacturing sector are leading to the production of eco-friendly and safe PET materials. These efforts align with global sustainability goals and underscore the importance of responsible plastic use and innovation in mitigating environmental and health risks associated with plastic materials. This commitment to sustainability reflects the evolving priorities in both the United States and Canada, as they navigate the challenges posed by the PET blow molder market.

The North American PET blow molder market is on a robust growth trajectory, poised to reach a substantial valuation of US$ 140.8 million by 2033, exhibiting an impressive compound annual growth rate (CAGR) of 10.86%. This remarkable expansion is underpinned by several key market trends and drivers.

Furthermore, the rising consumption of beverages, including soft drinks, bottled water, and various other beverages, is a significant contributor to market growth. PET blow molders are essential for producing bottles to meet the high demand within the beverage industry.

Overall, the North America PET blow molder market is experiencing a remarkable surge in demand, driven by technological advancements and changing consumer preferences, making it a promising sector for future growth.

In the U.S., the market is anticipated to expand by 1.2x between 2022 and 2026. By 2026, Canada is anticipated to have a market value of US$16.4 million.

Business Growth Opportunities in the North America PET Blow Molder:

Sustainable Packaging Solutions: Embrace the growing demand for sustainable packaging by investing in PET blow molding technologies that support eco-friendly and recyclable materials.
Customization and Innovation: Explore opportunities to offer customized packaging solutions for various industries, providing unique designs and shapes that meet specific customer needs.
Automation and Efficiency: Implement advanced automation technologies to enhance production efficiency, reduce costs, and maintain a competitive edge in the market.
Vertical Integration: Consider vertical integration by expanding services to include not only PET blow molding but also downstream processes like labeling, filling, and packaging to provide comprehensive solutions to customers.
Market Diversification: Identify and tap into emerging markets or niche segments within the North American region, such as pharmaceuticals, cosmetics, or specialty beverages, to diversify your customer base and revenue streams.

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Trends in the North American PET Blow Molder Industry:

Increasing Demand for Lightweight Packaging: The market is witnessing a trend towards lightweight PET bottles as manufacturers focus on reducing material usage and transportation costs, while meeting sustainability goals.
Technological Advancements: Adoption of advanced technologies, such as stretch blow molding and multi-layer bottle manufacturing, to improve product performance, enhance barrier properties, and cater to evolving customer preferences.
Rising Emphasis on Circular Economy: Growing awareness and commitment to a circular economy are driving the adoption of PET recycling technologies, creating opportunities for players in the PET blow molder market to contribute to a more sustainable value chain.
E-commerce Packaging Solutions: With the rise of e-commerce, there’s a shift in packaging requirements. PET blow molders need to adapt to the demand for packaging solutions that are not only visually appealing but also optimized for online retail distribution.
Regulatory Compliance and Quality Standards: Keeping abreast of evolving regulations related to packaging materials and ensuring compliance with quality standards will be crucial for PET blow molders to maintain market relevance and customer trust.

Key Takeaways
*The exponential demand of bottled beverages and the presence of global PET blow moulder manufacturers in the U.S. will amplify the market demand
*PET blow moulder market in China is forecast to expand at 7.4 % CAGR during 2021-2031. The growth can be attributed to heightened trading activities and growing production plants

*Augmented sales of PET bottles in Germany and Italy has created a conducive environment for market expansion in Europe
*The proclivity of Beverage manufacturers & dairy products manufacturing industries in India towards spill-proof PET bottles will provide a lucrative *opportunity for market expansion.
Rapid urbanization and growing disposable income in emerging economies will propel the market growth.

Key Companies Profiled

PET ALL Manufacturing Inc.
R&B Plastics Machinery, LLC
Amsler Equipment Inc.
SIPA North America Inc.
Nissei ASB Company
Milacron Holdings Corporation
Sidel
Jomar Corporation
Custom-Pak Inc.
Tech-Long, Inc.

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Market by Category:
By Machine Type:
Extrusion Blow Molding Machine
Injection Blow Molding Machine
Stretch Blow Molding Machine

By Technology Type :
Manual
Automatic
Semi-Automatic

By End Use :
Food & Beverage
Pharmaceuticals
Personal Care
Others

By Country :
USA
Canada

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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