The invention relates to a PE film efficient blow molding production line. The production line comprises a material suction device, an extrusion device, a blow molding device, a cooling device, an extrusion device, a punching device, an edge cutting device and a material collecting device, wherein the material suction device comprises a material suction machine, the material suction end of the material suction machine is connected with a plurality of material suction pipes, the extrusion device comprises an extruder body, the blow molding device comprises a blow molding machine body, the cooling device comprises a support and a plurality of cooling air outlet pipes located in the support, the extrusion device comprises a herringbone plate located at the upper end of the support and a mainpressing roller and an auxiliary pressing roller which have a cooling effect, the punching device comprises a first punching roller and a second punching roller, the first punching roller and the second punching roller are each provided with a plurality of annular roller cutters, the edge cutting device and the material collecting device are located in a movable rack, and the material collecting device comprises a first material collecting roller and a second material collecting roller. According to the PE film efficient blow molding production line, a PE film is punched and trimmed from production to winding, and the production line has the effects of being high in machining efficiency, high in production efficiency, saving in cost and low in labor intensity.