Sales of Bottle Blowing Machine Slated to Grow Passively at 3% CAGR over 2017-2025
According to the latest market report published by Transparency Market Research titled “Bottle blowing machine Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017-2025,” food and beverages end-use segment is expected to be the largest revenue contributor to the global bottle blowing machine market during the forecast period, 2017-2025. Global revenue generated from sales of bottle blowing machine in 2016 was nearly US$ 1.90 Bn, which is projected to increase at a CAGR of 3.0 % during the assessment period. Growing consumer preference for bottled water will foster the need for blowing machine market. However, global bottle blowing machine market may encounter with a major challenge limiting its growth in near future, attributed to stringent government regulations in different countries. Regulatory norms will reportedly pose a restriction for the market’s growth through to 2025. Huge, uncontrollable waste produced due to plastic on a global level ...