What is Global Blown Film Extruder Market?
The Global Blown Film Extruder Market is a vast and dynamic sector that plays a crucial role in various industries. Essentially, a blown film extruder is a machine used to produce high-quality, continuous film of plastic. This film is then used in an array of applications, from packaging to agricultural uses. The market for these machines is truly global, with demand stemming from all corners of the world. The market's value stood at a substantial US$ 1082.1 million in 2022. It is projected to grow at a steady pace, reaching an estimated value of US$ 1518.5 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.9% from 2023 to 2029.
3 Layers, 5 Layers, 7 Layers, Other in the Global Blown Film Extruder Market:
The Global Blown Film Extruder Market is segmented based on the number of layers the machines can produce. These segments include 3 Layers, 5 Layers, 7 Layers, and Other. The 3 Layer segment refers to machines that can produce films with three distinct layers. This type of film is commonly used in applications that require moderate barrier properties and cost-effectiveness. The 5 Layer segment, on the other hand, refers to machines that can produce films with five layers. These films offer superior barrier properties and are often used in high-end applications. The 7 Layer segment includes machines that can produce films with seven layers. These films offer the highest barrier properties and are used in the most demanding applications. The Other segment includes machines that can produce films with a different number of layers.
Consumer& Food Packaging, Industry Packaging, Agricultural Film, Bags, Other in the Global Blown Film Extruder Market:
The Global Blown Film Extruder Market finds its application in several areas. These include Consumer & Food Packaging, Industry Packaging, Agricultural Film, Bags, and Other. In the Consumer & Food Packaging sector, the films produced by these machines are used to package a wide range of consumer goods and food products. They offer excellent barrier properties, ensuring the freshness and quality of the packaged products. In the Industry Packaging sector, the films are used to package industrial goods. They offer robust protection, ensuring the safe transportation and storage of the packaged goods. In the Agricultural Film sector, the films are used in various agricultural applications, such as mulching and greenhouse covering. They help improve crop yield and quality. In the Bags sector, the films are used to produce various types of bags, from shopping bags to garbage bags. The Other sector includes various other applications not covered in the aforementioned sectors.
Global Blown Film Extruder Market Outlook:
The market outlook for the Global Blown Film Extruder Market is quite promising. In 2022, the market was valued at a significant US$ 1082.1 million. It is expected to grow at a steady CAGR of 4.9% from 2023 to 2029, reaching an estimated value of US$ 1518.5 million by 2029. The market is dominated by the top five manufacturers, who collectively hold a market share of over 70%. In terms of product type, the 5 Layers segment is the largest, accounting for over 40% of the market. This segment's dominance can be attributed to the superior barrier properties offered by 5-layer films, making them suitable for a wide range of applications.
| Report Metric | Details |
| Report Name | Blown Film Extruder Market |
| Accounted market size in 2022 | US$ 1082.1 in million |
| Forecasted market size in 2029 | US$ 1518.5 million |
| CAGR | 4.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | W&H, Reifenhauser, HOSOKAWA ALPINE, Macchi, Davis-Standard, Bandera, JINMING MACHINERY, POLYSTAR MACHINERY, SML Extrusion, KUNG HSING PLASTIC, Macro |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
