Press Release

Global Bottle Blowing Machine Market is Expected to Reach US$ 3,740 Mn by 2023

Date : Dec 10, 2018

New report published by Global QYResearch which offers insights on the Global Bottle Blowing Machine market. The Bottle Blowing Machine market has been experiencing stable growth graph in past few years. In 2017 the Global Bottle Blowing Machine market was valued at US$ 2,789 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 3,740 Mn growing at a value CAGR of 5.01% throughout the period of forecast.

Global Bottle Blowing Machine Market: Market Driver and Restraint

Threat of substitution is one factor of the porter’s five forces. As the development of Bottle Blowing Machine made by new techniques, the function of there are specific, safe and also all-round. The traditional single functioned products are slowly losing their market. Environmentally friendly and easy to use will be Bottle Blowing Machine industry development direction. If manufacturers can truly consider the diversity and design of new technology, we believe that the Bottle Blowing Machine manufacturers will get a big market share in the device.

Global Bottle Blowing Machine Market: Forecast by Nature

This segment includes Semi-automatic Machine and Automatic Machine. Automatic Machine type is expected to remain dominant in the Global Bottle Blowing Machine market throughout the forecast period with a revenue share of 58.25% in 2017.

Global Bottle Blowing Machine Market: Forecast by Application

Application segment consists of Food and Beverages, Pharmaceuticals, Cosmetic & Personal Care, Consumer Goods and Others. Food and Beverages was estimated to account for a volume share of over 68.65% in 2017 and to increase at a CAGR of 7% over the forecast period.

Global Bottle Blowing Machine Market: Key Players

Krones, Sacmi, Sidel, Nissei ASB Machine, KHS, Aoki, SMI S.p.A., SIPA, SMF Maschinenfabrik, Chumpower, Jomar, Tech-Long and ZQ Machiner, are the key vendors included in this report.

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