Blow Molding Machines Industry Overview 2024-2030: Regional Insights, Raw Material Usage, Process Type Developments, End-Use Sector Analysis, Competitive Landscape [Yahoo! Finance]
Textron Inc. (TXT)
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Source: Yahoo! Finance
The global market for Blow Molding Machines is set to experience robust expansion, with current estimations predicting a rise from US$4.9 billion in 2024 to US$6.3 billion by 2030. This growth, representing a CAGR of 4.4% during the forecast period between 2024-2030, is attributed to several key factors, including the increasing demand for plastic packaging and the move towards more sustainable and lightweight solutions. Regional Insights The Asia-Pacific region is leading the charge in the global market for Blow Molding Machines and shows no signs of slowing down. This is largely due to the region's growing affinity for flexible packaging, driven by its affordability and convenience. Conversely, South America is projected to witness a comparatively slower growth rate within the global landscape. Process Type Developments Over the base year, Extrusion Blow Molding commands a substantial share of the market, contributing to approximately 45% of total operations. High-speed ext
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