By 2027, the global PET stretch blow molding machine market will reach 1.36 bilyong dolyar NG US

According to Research and Markets’ latest market research on PET stretch blow molding machines, the market value in 2019 is 1.03 billion U.S. dollars and is expected to reach 1.36 billion U.S. dollars by 2027. From 2020 sa 2027, it is expected to grow at a compound annual growth rate of 3.5%.
By 2027, the global PET stretch blow molding machine market will reach 1.36 bilyong dolyar NG US
Europe dominates the global market
Geographically speaking, due to the emergence of several leading companies and well-regulated industries.Europe dominates the global market. Sa karagdagan, in the past few years, with the adoption of more and more IoT solutions, a huge consumer industry and strict regulatory guidelines for consumer product packaging, the region has vigorously adopted PET stretch blow molding machines.
As a result, the region occupies a dominant position in the global market in terms of market share, accounting para sa 36.5% of the market share in 2019. Sa karagdagan, the region is expected to continue to maintain its market dominance in the next few years, and will account for 35.6% of the total market share by 2027.
The fastest development trajectory in the Asia-Pacific region
In terms of market growth, the Asia-Pacific region is expected to achieve the fastest compound annual growth rate of 4.6% from 2020 to 2027.and provide market participants with a large number of profitable business opportunities during the forecast period. Factors such as the rapid growth of the industrial sector and the surge in goods and services related to the consumer industry among market participants have greatly affected the growth of the entire Asia-Pacific market.
Subsequently, due to rapid population growth and increased disposable incomes in Asian countries (such as China and India), the demand for the food and beverage industry continued to increase.which increased the demand for packaging products, thereby increasing the region’s demand for blow molding machines.
The Impact of Coronavirus on PET Blow Molding Machine Market
The coronavirus epidemic has affected plastic packaging manufacturers around the world. The German plastic packaging and film association IK Industrievereinigung Kunststoffverpackungen conducted an investigation on the impact of the coronavirus crisis. The survey showed the impact of the coronavirus on more than 120 plastic packaging manufacturers. most of which are medium-sized companies. IK said that although in some cases, manufacturers of system-related packaging for food, medicine and medical products have reached their capacity limits, suppliers in the automotive industry are particularly challenged and demand has fallen sharply.
In all market segments, about 37% of companies indicated that their orders decreased in April compared to April. Among all companies, nearly one-third even indicated that orders have fallen by more than 20%. Sa kabilang banda, about 50% of companies indicated an increase in orders in April, although most of them were 10% sa 20%. According to the survey, less than 80% of the companies have the ability to meet the orders received. Gayunpaman, nearly 50% of people reported limitations related to corona. Lack of staff is the main reason, followed by shortening working hours.
Although the production stoppage was announced around the world, the PET stretch blow molding machine market was negatively affected. During the global pandemic, the global necessities manufacturing industry has been operating. Sa kasalukuyan, several countries including China have begun to open factories in full.

Sa kasalukuyan, China’s injection molding machinery industry is undergoing changes in the global market structure.
The prominent manifestation is a sharp decline in imported equipment. Siyempre, the decline in imports does not mean that the utilization rate of foreign equipment has declined, because most brand manufacturers have moved their production to China; another Exports are also slowing down, especially after a year of rapid growth in 2012, the overall slowdown in 2013 was obvious.
In October, 179 extruders were imported, the import value was 66.79 million U.S. dollars, and imports increased by 61.3% taon-taon. Siyempre, such a large increase was mainly due to the continuous decline in extruder imports last year since October. The overall decline in imports of China was relatively large, and October was the first import increase in the second half of the year. Sa karagdagan, the export of extruders this year has also declined overall. In October, 818 extruders were exported, with an export value of 25.574 million US dollars, a year-on-year decrease of 12.3%. From the overall point of view this year, relative to the substantial increase in 2012, the top 10 this year Exports of extruders fell 7.3% in the month.
Although my country’s exports of injection molding machines to Thailand have fallen sharply this year, there seems to be signs of recovery. Sa katunayan, the demand for extruders is also increasing. From January to October this year, Thailand imported a total of 413 extruders from my country, with an export value of 2,220. 10,000 US dollars, isang pagtaas ng 39.7% from the 15.887 million US dollars in the same period last year, although last year was a year when a large number of Thai presses replaced imported products. It is also worth mentioning that the export unit price of extruders has always been low, but the unit price in Thailand this year also exceeded US$50,000, reaching US$54,000.

　　 The market pattern of China’s injection molding machinery industry may change
Although my country’s extruder market is developing rapidly, the proportion of extruder exports is still low. The rising raw material cost and energy cost pressure make energy saving and material saving become the focus of the extrusion processing industry. Kasabay nito, various extrusion technology suppliers have developed a wealth of energy-saving solutions from various perspectives to meet the energy-saving needs of users to the greatest extent.

　　 my country’s injection molding machinery adjustment structure enhances the development space of the extruder industry. The current development status of the domestic injection molding machinery industry is that there are problems such as low independent innovation capabilities, fewer high-end and personalized special products, and low industry concentration. The existence of these problems has caused my country’s injection molding machinery industry to not catch up with the level of foreign injection molding machinery as soon as possible.

　　 After long-term development, the international influence of my country’s injection molding machinery industry has continued to increase, the ability to deal with trade protectionism has increased, and the manufacturing technology level and overall strength have further improved. Samakatuwid, my country’s extruder industry has many favorable conditions for foreign trade exports. As my country’s extruder products are closely linked to new strategic industries, they have the advantages of high efficiency, pag save ng enerhiya, and high cost performance. Exports to developed countries are mainly low-end and medium-end products. This part of consumer demand is rigid. Industry development still has a large market space.