Future Market Insights
Blown Film Extrusion Machine Market: Introduction
Packaging films market is growing in leaps & bounds and is anticipated to witness a strong development over the forecast period. The rising demand of packaging films has led to a surge in the blown film extrusion machine market. The blown film extrusion machine offers great versatility to the manufacturers as a variety of films can be extruded from a single machine. Packaging film manufacturers are offering products with unique and beneficial features which are fulfilled by blown film extrusion machine as it provides the capability of biaxial orientation, which allows uniformity in all mechanical properties. Also, a flat, as well as gusseted tubing, can be formed in a single operation which in turn maximizes the profitability margins of the manufacturers.
Blown Film Extrusion Machine Market: Market Dynamics
The rising demand for packaging films from the food & beverages market is directly proportional to the growth of the global blown film extrusion machine market. The Blown film extrusion machine caters to both barrier as well as non-barrier packaging applications. Moreover, blown film extrusion machine also facilitates the processing of a wide range of polymers which further propels the growth of the global blown film extrusion machine market. Blown film extrusion machines are highly efficient as compared to their counterparts which is expected to spur the demand of the global market. Blown film extrusion machines cannot sustain high temperatures and also have cooling issues which is expected to hamper the growth of the global blown film extrusion machine market. Also, the initial cost of installation of the blown film extrusion machines is high which is hampering the growth because the local manufacturers witness a lack of financial capabilities. Blown film extrusion machine market is expected to grow on the backdrop of growing food & beverages end use sector is expected to offer remunerative opportunities.
Blown Film Extrusion Machine Market: Market Segmentation
Blown film extrusion machine is segmented on the basis of machine type, material type, application, and geography. On the basis of material type, blown film extrusion machine market is segmented into LDPE (low density polyethylene), HDPE (high density polyethylene), LLDPE (linear low density polyethylene), polyamides & EVOH. On the basis of application, Blown film extrusion machine market is segmented into food and beverages, consumer goods, and pharmaceuticals. Food and beverage is further segmented into bakery products, dairy products, frozen food and beverages. On the basis of machine type, the global blown film extrusion machine market is segmented into semi-automatic and automatic blown film extrusion machines.
Blown Film Extrusion Machine Market: Regional Outlook
On the basis of geography, the global blown film extrusion machine market is segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America and Asia Pacific are expected to collectively dominate the market throughout the forecast period. However, many packaging film suppliers and converter companies are investing in Asia Pacific to tap the growing demand. Furthermore, Asia Pacific is anticipated to witness a steady growth in the blown film extrusion machine market over the forecast period primarily driven by industrialization in economies like China and Japan. In Middle East & Africa, industrialization is comparatively deprived due to which the blown film extrusion machine market is expected to witness sluggish growth in the region. Economic downturns in the Latin American region represents low opportunities of growth for the blown film extrusion machine market.
Blown Film Extrusion Machine Market: Key Players
Some of the key players of the global blown film extrusion machine market are Plasco Engineering Inc., Ye I Machinery Factory Co. Ltd., Windsor Machines Ltd., Polystar Machinery Co. Ltd., Karlville Development LLC., Chyi Yang Industrial Co., Ltd., Kung Hsing Plastic Machinery Co. Ltd., Fong Kee International Machinery Co. Ltd., Friul Filiere SpA, Alpha Marathon Technologies Group, Brampton Engineering Inc.
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