Overview and Scope
Blow molding is a plastic forming technique used to make hollow plastic products out of thermoplastic materials. Blow molding is also a quick manufacturing solution and offers versatile products; hence, it is appealing to many industries, such as food suppliers, medical and pharmaceutical companies, and others, due to the wide range of customizable bottles, containers, and other products.
Sizing and Forecast
The blow-molded plastics market size has grown steadily in recent years. It will grow from <b>$93.63 billion in 2023 to $97.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. </b> The growth in the historic period can be attributed to rise in the packaging industry, expanding automotive and transportation industry, rise in demand for consumer goods, government regulations, rise in consumer awareness of environmental issues
The blow-molded plastics market size is expected to see strong growth in the next few years. It will grow to <b>$121.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. </b> The growth in the forecast period can be attributed to expansion of the food and beverage industry, growing e-commerce and online retail, expansion of the construction industry, emphasis on circular economy, economic growth. Major trends in the forecast period include sustainable materials, customization and design innovation, lightweighting and material efficiency, 3d printing and digital manufacturing, smart packaging.
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Segmentation & Regional Insights
The blow-molded plastics market covered in this report is segmented –
1) By Type: Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polyethylene, Polystyrene, PVC, PET, Other Types
2) By Technology: Extrusion, Injection, Stretch
3) By Applications: Packaging, Consumables And Electronics, Automotive And Transport, Building And Construction, Medical, Other Applications
<b>Asia-Pacific</b> was the largest region in the blow-molded plastics market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the blow-molded plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increased usage of face masks, protective gowns, and packaging bottles for hand sanitizers is expected to propel the growth of the blow-molded plastics market going forward. Due to the COVID-19 outbreak, the demand for and sale of facemasks, hand sanitizers, and face shields have gained momentum. People are purchasing hand sanitizers in little bottles that are convenient to carry in their wallets or handbags. Blow molding is a technique for making hollow things such as bottles, face masks, and other packaging from hot liquid plastic. For instance, according to the All Food and Drug License Holders Foundation (AFDLHF), an Indian association that represents 7,000 pharmaceutical suppliers, the total market for masks in India has grown to Rs 4.5 billion ($60 million) in the first two months of 2020, from about Rs 2 billion ($26.7 million) annually in 2019. Therefore, the increased usage of face masks, protective gowns, and packaging bottles for hand sanitizers will drive the growth of the blow-molded plastics market.
Key Industry Players
Major companies operating in the blow-molded plastics market include <b> LyondellBasell Industries Holdings B.V., Berry Global Inc., PET All Manufacturing Inc., Inpress Plastics Ltd., The Dow Chemical Company, Comar LLC, Rutland Plastics Ltd., The Plastic Forming Company Inc., Agri-Industrial Plastics Company, Garrtech Inc., North American Plastics Ltd., Creative Blow Mold Tooling Inc., Exxon Mobil Corporation, APEX Plastics Pvt. Ltd., Magna International Inc., International Automotive Components Group Ltd., Custom-Pak Inc., Gemini Group Global Corp., Du Pont De Nemours and Company, Confer Plastics Inc., Blow Molded Solutions LLC, Blue Ridge Industries Inc., GSH Industries Inc., Midwest Plastics Inc., Molded Devices Inc., Mr. Nozzle Inc., Hi-Rel Plastics & Molding Inc., N.E.W. Plastics Corporation, Plastic Technologies Inc. </b>
The blow-molded plastics market report table of contents includes:
1. Executive Summary
2. Blow-Molded Plastics Market Characteristics
3. Blow-Molded Plastics Market Trends And Strategies
4. Blow-Molded Plastics Market – Macro Economic Scenario
5. Global Blow-Molded Plastics Market Size and Growth
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26. South America Blow-Molded Plastics Market
27. Brazil Blow-Molded Plastics Market
28. Middle East Blow-Molded Plastics Market
29. Africa Blow-Molded Plastics Market
30. Blow-Molded Plastics Market Competitive Landscape And Company Profiles
Top Major Players:
- LyondellBasell Industries Holdings B.V
- Berry Global Inc
- PET All Manufacturing Inc
- Inpress Plastics Ltd
- The Dow Chemical Company
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