Global Blown Film Extrusion Machinery Market By Type (3 Layer Blown Film Extrusion Machinery, 7 Layer Blown Film Extrusion Machinery, and  Other Types), By Application (Industrial Packaging, Food & Beverages, Consumer Goods, Pharmaceuticals, and Other Applications), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Blown Film Extrusion Machinery Market Overview:

Global Blown Film Extrusion Machinery Market is projected to be USD 2.5 billion in 2021 to reach USD 4.2 billion by 2032 at a CAGR of 4.8%.

Blown film extrusion is a polymer manufacturing process that is used to produce specialized polymer films. These films are widely utilized in packagings such as stretch, shrink, barrier films, frozen-food packaging, and even shopping bags. Different types of polymers are used in the blown film extrusion process, such as polyethylene, polypropylene, etc.

which involves extruding a tube of molten polymer through a die, and inflating it several times over the initial diameter to form a thin film bubble. This bubble is then collapsed and used as a lay-flat film or can be made into bags. There are various added advantages of manufacturing film with the help of the blown film extrusion process including the ability to manipulate the mechanical properties of the final plastic based on the process conditions and base polymer(s) used.

Global Blown Film Extrusion Machinery Market Revenue (US$ Mn), 2021–2031

Source: Prudour, 2021

The pharmaceutical industry’s steady expansion, aided by the government’s assistance, has resulted in high demand for blown film. These films are heavily used for packaging medical products, which in turn, is likely to create lucrative opportunities for the global blown film extrusion machinery market.  High demand for plastic films for preserving frozen food, as well as the growing use of thin plastic films to cover consumer products, are expected to boost revenue growth prospects in this target market.

High costs associated with blown film extrusion technology, as well as growing consumer demand for “green” packaging, are expected to limit market growth possibilities for this industry to some extent. Due to the COVID-19 pandemic, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to effectively manage their respective operations, which acts as a major element that is expected to affect revenue growth possibilities in the future

Global Blown Film Extrusion Machinery Market Attractiveness Analysis by Type, 2022–2031

The research report on the global blown film extrusion machinery market includes profiles of some of the major companies such as:

• Davis-Standard
• Windsor Machines Inc.
• Fong Kee International Machinery Co. Ltd.
• Alpha Marathon Film Extrusion Technologies Inc.
• POLYSTAR MACHINERY CO. LTD.
• Kung Hsing Plastic Machinery Co. Ltd.
• Plasco Engineering Inc.
• Chyi Yang Industrial Co. Ltd.
• Vikrant Industries
• GAP Italy
• others

Drivers

The Blown Film Extrusion Machinery market is driven by the increasing demand for plastic films in various end-use industries, such as packaging, agriculture, and construction. The growing demand for lightweight, durable, and cost-effective packaging solutions is also driving the growth of the market.

The advancements in blown film extrusion technology, such as high-speed production, improved energy efficiency, and the integration of advanced features, such as online monitoring and control systems, are also contributing to the market growth. The increasing demand for biodegradable and environmentally-friendly plastics is also a factor that is boosting market growth.

The growth of the e-commerce industry and the increasing demand for packaging materials for food and pharmaceutical products are also driving the demand for blown film extrusion machinery. The growing construction industry and the increasing demand for geomembranes in construction applications are also contributing to the growth of the market.

Restraints:

One major restraint of the Blown Film Extrusion Machinery market is the high cost of these machines, which can be a significant constraint for small and medium-sized enterprises (SMEs) and for end-users in developing countries.

The high capital investment required for setting up a blown film extrusion plant and the maintenance costs associated with these machines are also significant restraints for the market. Additionally, the requirement for skilled labor and the need for technical expertise to operate and maintain these machines are also factors that may hinder the growth of the market.

The fluctuation in raw material prices and the volatility in the global economy may also have a negative impact on market growth. The strict government regulations regarding the use of plastic materials and the increasing emphasis on environmental sustainability may also negatively impact the growth of the blown film extrusion machinery market.

Global Blown Film Extrusion Machinery Маrkеt Segmentation Based on Type, Application, and Region

Based on Type:

• 3 Layer Blown Film Extrusion Machinery
• 7 Layer Blown Film Extrusion Machinery
• Other Types

Based on Application:

• Industrial Packaging
• Food & Beverages
• Consumer Goods
• Pharmaceuticals
• Other Applications

Based on Regions:

• North America
• Europe
• Asia Pacific
• South America
• MEA

For the Blown Film Extrusion Machinery Маrkеt research study, the following years have been considered to estimate the market size: