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The North America PET blow molder market reached a value of around USD 50.20 million in 2023. During the forecast period between 2024 and 2032, the market is expected to grow at a CAGR of 11.1% to reach around USD 129.46 million by 2032.
North America PET Blow Molder Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 50.20 |
Market Size 2032 | USD Million | 129.46 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 11.1% |
CAGR 2024-2032 - Market by Region | United States | 12.2% |
CAGR 2024-2032 - Market by Region | Canada | 10.0% |
CAGR 2024-2032 - Market by Technology | Stretch Blow Molding | 12.4% |
CAGR 2024-2032 - Market by End Use | Food & Beverage | 12.2% |
Market Share by Country | United States | XX% |
The booming beverage industry in North America is majorly contributing to the growth of PET blow molder market. As the demand for packaged carbonated soft drinks and bottled water grows, need for efficient PET blow molding solutions will also rise. In December 2021, Coca Cola invested around USD 42 million to expand its Louisiana facility, which was completed in August 2023. This expansion has boosted the production of beverages and hence, the demand for North America PET blow molder market.
Moreover, there is a heightened demand for meal kits and ready-to-eat foods in United States and Canada, which is driving the adoption of new packaging solutions, like PET blow molding. Also, this technology is seen as an eco-friendlier alternative to old packaging materials, further increasing North America PET blow molder market revenue. Furthermore, the emergence of advanced, high-tech, and automated blow molding machines has reduced the cost of packaging process. Such benefits are also propelling market’s growth.
Stretch blow molding leads with a CAGR of 12.4% from 2024 to 2032. This growth is driven by its efficiency in producing high-quality PET bottles with excellent clarity and strength, making it ideal for the beverage industry. The process's ability to create lightweight yet durable containers that use less material appeals to sustainability trends and thus, drives growth of the North America PET blow molder market.
Injection blow molding follows with a CAGR of 11.7%, favored for its precision in manufacturing complex shapes and its suitability for small to medium-sized bottles used in pharmaceuticals and personal care products. Extrusion blow molding, with a CAGR of 10.5%, remains essential for producing larger containers and products with handles, commonly used in the household and industrial sectors. These growth rates highlight the varied applications and technological advancements driving the PET blow molding market in North America.
CAGR 2024-2032 - Market by | Technology |
Stretch Blow Molding | 12.4% |
Injection Blow Molding | 11.7% |
Extrusion Blow Molding | 10.5% |
CAGR 2024-2032 - Market by | End Use |
Food & Beverage | 12.2% |
Pharmaceuticals | 11.8% |
Personal Care | 10.7% |
Others | 10.0% |
The United States leads with a CAGR of 12.2% from 2024 to 2032. This robust growth is driven by the increasing demand for lightweight, durable, and recyclable PET bottles and containers across various industries, including beverages, personal care, and pharmaceuticals. Technological advancements in blow molding machinery and the rising focus on sustainability and eco-friendly packaging solutions further propel the North America PET blow molder market value.
Canada, with a CAGR of 10.0%, follows closely, supported by similar trends in consumer preferences for sustainable packaging and the expansion of the beverage and personal care industries. The growth in Canada's market is also driven by the adoption of advanced manufacturing technologies and government initiatives promoting recycling and environmental responsibility. These growth rates reflect the North America PET blow molder market dynamics and trends, influenced by innovation and sustainability.
CAGR 2024-2032 - Market by | Country |
United States | 12.2% |
Canada | 10.0% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the North America PET blow molder market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the North America PET blow molder market.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the North America PET blow molder market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the North America PET blow molder market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America PET Blow Molder Market Analysis
8.1 Key Industry Highlights
8.2 North America PET Blow Molder Historical Market (2018-2023)
8.3 North America PET Blow Molder Market Forecast (2024-2032)
9 North America PET Blow Molder Market by Technology
9.1 Extrusion Blow Molding
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Injection Blow Molding
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Stretch Blow Molding
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 North America PET Blow Molder Market by End Use
10.1 Food & Beverage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Pharmaceuticals
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Personal Care
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 North America PET Blow Molder Market by Country
11.1 United States
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Canada
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Krones AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Sidel
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Nissei ASB Machine Co., Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 KHS GmbH
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Aoki Technical Laboratory, Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
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