The inner bulk liners market is projected to grow significantly, with an estimated valuation of US$ 2,196.1 million in 2022, expected to surge to US$ 3,645.9 million by 2032. This impressive growth reflects a compound annual growth rate (CAGR) of 5.2% during the forecast period.
Inner bulk liners are essential components in packaging solutions, utilized in multilayer bags, corrugated boxes, and woven sacks. They offer a tightly sealed, leak-proof barrier that protects products from pests, insects, and other contaminants, ensuring food and beverage items remain fresh for longer periods.
Core Concepts in the Injection Blow Molding Machine Industry
- Growth Rate: The market is expected to grow at a 4.1% CAGR and reach US$ 3,670.9 million by 2032.
- Most Lucrative Region: Europe is projected to be the fastest-growing market, expected to capture a 24% market share in 2022.
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Key Growth Drivers:
- Rising Demand for Customized Packaging: The global push for tailored packaging solutions is a significant catalyst for market growth. Inner bulk liners cater to a diverse range of applications with varying sizes, promoting uniformity and secure stacking.
- E-commerce Expansion: The rapid proliferation of e-commerce businesses worldwide necessitates safe and efficient logistics solutions. Inner bulk liners enhance product safety during transportation, particularly in fast-moving vehicles, contributing to their increased adoption.
- Support for Hazardous Material Transport: Inner bulk liners are crucial in the plastics industry, enabling the safe transport and storage of hazardous materials while minimizing spills and leaks. This advancement opens up new avenues for growth within the market.
Market Competition
- Parker Plastic Machinery Co. Ltd.
- Jomar Corporation
- Nissei ASB Machine Co., Ltd.
- Jiangsu Victor Machinery Co. Ltd.
- British Plastics Federation
- Golfang Mfg. & Development Co. Ltd.
- Suma Plastic Machinery Co.Ltd.
- Polymechplast Machines Ltd.
- Design-tek Tool and Plastics Inc.
- The Meccanoplastica Group
- Taiwan Machine Sources
- Nissei ASB Machine Co., Ltd.,
a major manufacturer of injection stretch blow molding machines for PET and other plastics processing machines, announced its latest Zero Cooling technology in April 2019. This technology enhances the quality and robustness of the bottle, allowing it to be lighter while increasing productivity tremendously. The feature of weight reduction assists the company in meeting its environmental objectives.
Major Factors Boosting the Injection Blow Molding Machine Market
- Expanding Packaging Industry: The packaging industry is a significant consumer of injection blow molding machines, with the demand for high-quality packaging materials growing due to increased consumption of packaged goods. This includes products in the food and beverage, pharmaceutical, and cosmetics sectors.
- Automotive Sector: Injection blow molding machines are used extensively in the automotive industry for manufacturing various components, including fuel tanks, air ducts, and interior trims. The growth of the automotive sector has driven demand for these machines.
- Growing Demand for Lightweight and Sustainable Materials: As the need for lightweight and environmentally friendly materials has increased, injection blow molding has become a preferred method for manufacturing parts and products using recyclable and lightweight materials.
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Key Segments Profiled in the Global Injection Blow Molding Machine Industry
By Raw Materials:
- For polyethylene (PE)
- For polypropylene (PP)
- For polyvinyl chloride (PVC)
- For polystyrene (PS)
- For polyethylene terephthalate (PET)
- For others (Including Polybutylene Terephthalate (PBT), etc.)
By Technology:
- For injection molding
- For blow molding
- For thermoforming
- For others (including roto molding, casting, etc.)
By Application:
- For packaging
- For consumables & electronics
- For automotive & transportation
- For building & construction
- For others (including toys, furniture, etc.)
By Region:
- In North America
- In Latin America
- In Europe
- In Asia Pacific
- In the Middle East and Africa
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