Blown Film Extrusion Lines Market Report

Market Insights

The Blown Film Extrusion Lines market is projected to grow from USD 808.1 million in 2020 to USD 1,018.1 million by 2026 at a CAGR of around 4.0% during the forecast period.

Figure: Blown Film Extrusion Lines Market Size, 2020-2026 (USD Million)

Wish to know more assumptions related to the study? Click here

What is a Blown Film Extrusion Line?

Blown film extrusion lines can be defined as a process that is used for the manufacturing of a wide range of commodities & specialized plastic films for the packaging industry. It is being widely used in the flexible packaging industry. Based on type, blown film extrusion lines can be categorized into 3 layers, 5 layers, 7 layers, and others.

Key Players

Key players operating in the Blown Film Extrusion Lines market are-

• The W&H Group (Austria),
• Reifenhäuser GmbH & Co. KG (Germany),
• HOSOKAWA ALPINE Aktiengesellschaft (Germany),
• Macchi S.p.A. (Italy),
• Davis-Standard, LLC (The U.S),
• Guangdong Jinming (China),
• Polystar Machinery (Taiwan),
• SML Maschinengesellschaft mbH (Austria),
• KUNG HSING PLASTIC (Taiwan), and
• Macro Engineering & Technology Inc. (Canada).

Market Dynamics

The growth of the blown film extrusion lines market is primarily driven by the increasing demand for plastic films in the packaging industry.

• Growing consumption of packaged food products is likely to fuel the demand for plastic films in consumer and food packaging applications at a significant rate during the review period.
• In addition to this, rising demand for advanced blown film extrusion lines is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segments' Analysis

Application Trends

By application, the blown film extrusion lines market has been bifurcated into consumer & food packaging, industrial packaging, agricultural film, bags, and others.

• Under these, the consumer & food packaging segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
• The market growth can be attributed to the increasing demand for packaged food products across geographies.

Regional Trends

By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to increasing product demand in end-use industries including food & beverage and agriculture among others particularly in developing countries such as India and China.

COVID-19 Impact on Blown Film Extrusion Lines Market

The covid-19 outbreak posed significant challenges on the industrial sector across geographies. It impacted the growth of the blown film extrusion lines market negatively as the imposition of lockdown and trade restrictions affected the product supply and demand amid the pandemic.

Critical Questions Answered in the Report

• What are the key trends in the Blown Film Extrusion Lines market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the Blown Film Extrusion Lines market?
• What are the key strategies adopted by the major vendors to lead in the Blown Film Extrusion Lines market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the Blown Film Extrusion Lines market hopes to have the greatest opportunity to convert-

• Blown film extrusion lines distributors
• Blown film extrusion lines suppliers
• Blown film extrusion lines manufacturers
• Logistics organizations
• Government bodies

Wish to know more about the study? Click here

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com