Unleashing the Potential: The Booming Market for Blown Film Extrusion Machines to US$ 11170.15 million by 2032

A detailed study on Blown Film Extrusion Machine market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

The blown film extrusion machine market was estimated at US$ 7192.77 million in 2022 and is anticipated to grow to US$ 11170.15 million by 2032, representing a CAGR of 4.5% between 2022 and 2032.

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Blown Film Extrusion Machine market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Blown Film Extrusion Machine in the coming 10-years.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Blown Film Extrusion Machine

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Blown Film Extrusion Machine market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Blown Film Extrusion Machine Market Takeaways and Projections

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Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Blown Film Extrusion Machine market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global Blown Film Extrusion Machine market. Some of the players in 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.

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.

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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