Global Blow Molding Machinery Market 2017-2021
The Blow Molding Machinery Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the Global Blow Molding Machinery Market: BEKUM, JSW, Milacron, and NISSEI ASB MACHINE. Other Prominent Vendors in the market are Aoki Technical Laboratory, Davis-Standard, Graham Engineering, Kautex Maschinenbau, CENS, Jagmohan Pla-Mach, and Agri-Industrial Plastics.
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One trend in the Blow Molding Machinery Market is the development of advanced plastic machinery. An increase in the development of advanced plastic machinery is one of the emerging trends in the industrial plastic processing machinery market globally. Plastic machinery manufacturers are producing plastic machines using the latest technology and with many advanced features; for instance, condition monitoring. Condition monitoring enables plastic machinery to monitor operations by increasing the level of automation.
Many important operations, such as temperature measurement, integration safety, and vibration analysis, can be monitored by incorporating condition-monitoring technology in plastic machinery. Also, plastic machinery manufacturers are developing advanced plastic machinery by providing high-definition touchscreen displays for supervisory control and data acquisition and equipping plastic machines with advanced design and simulation tools. Thus, the advancement in technology helps the manufacturer to improve the quality and volumes of production.
According to the report, one driver in the Blow Molding Machinery Market is the Growth of e-commerce industry. With an increasing number of e-commerce companies, the need for packaging is on the rise, propelling the demand for packaging machinery. E-retail will become a primary sales channel for consumer goods and pharmaceutical products. The importance of other attributes, such as pack color, images, and logo design, will also grow.
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Further, the report states that one challenge in Blow Molding Machinery Market is the threat from refurbished machines. The high cost of blow molding machines has restrained the market from growing to its full potential, which poses a risk to the market. The high costs have acted as an inhibitor to the adoption of blow molding machines in small businesses.