The “Blow Molded Plastic Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Blow Molded Plastic Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global blow molded plastic market size was US$ 77.8 billion in 2021. The global blow molded plastic market is forecast to grow to US$ 107.4 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2022 to 2030.
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Blow molding is a manufacturing process of transforming plastic tubes into the desired shape. Blow-molded plastic is considered efficient because of its lightweight properties. In addition, it is cost-friendly and convenient to store and ship.
Factors Influencing the Market
The benefits of blow-molded plastic, such as lightweight and convenience of shipping, will fuel the growth of the global blow molded plastic market. In addition, the vital applications of blow-molded plastic in the packaging, automobile, consumables and electronics, construction, and healthcare industry will drive the market forward.
Rising disposable income and growing demand for packed beverages and liquid products will escalate the growth of global blow-molded plastics.
Increasing demand for flexible packaging will prompt the growth of the global blow molded plastic market. Furthermore, the applications of blow-molded plastic in housewares, furniture, appliances, luggage, and other applications will accelerate the growth of the market.
Growing environmental concerns related to the use of plastics will boost the growth of the global blow molded plastic market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic upsurged the demand for various pharmaceutical products, disinfectants, and sanitizers. As a result, it has been beneficial for the global blow molded plastic market. In addition, the lightweight properties of the blow-molded plastic made it suitable for product storing and shipping. As a result, the global blow molded plastic market witnessed significant growth opportunities due to the wake of the pandemic. However, the market for blow-molded plastic observed various challenges due to cross-border restrictions imposed by governments.
Regional Analysis
The Asia-Pacific blow-molded plastic market is forecast to grow at the fastest growth rate. It is owing to the favorable economic situation. Furthermore, the region is home to prominent end-use industries of blow-molded plastic, such as automotive, healthcare, electronics, etc. As a result, it will drive the Asia-Pacific blow-molded plastic market forward.
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The blow-molded plastic market in North America is forecast to witness significant growth due to the rapidly growing food and beverage industry. In addition, the growing automotive and packaging industry in the region will drive the blow-molded plastic market forward.
Competitors in the Market
- Magna International, Inc.
- International Automotive Components (IAC) Group
- Inpress Plastics Ltd.
- Comar, LLC
- Rutland Plastics Ltd.
- Gemini Group, Inc.
- The Plastic Forming Company, Inc.
- Agri-Industrial Plastics
- Garrtech, Inc.
- Creative Blow Mold Tooling
- North American Plastics, Ltd.
- Custom-Pak
- APEX Plastics
- INEOS Group
- Berry Global, Inc.
- Dow Inc.
- LyondellBasell Industries Holdings B.V.
- Other Prominent Players
Market Segmentation
The global blow molded plastic market segmentation focuses on Product, Technology, Application, and Region.
Product Outlook
- Polypropylene (PP)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyethylene (PE)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
Technology Outlook
- Extrusion Blow Molding
- Injection Blow Molding
- Stretch Blow Molding
- Compound Blow Molding
Application Outlook
- Packaging
- Consumables & Electronics
- Automotive & Transport
- HVAC Ducts
- Air Intake Ducts
- Others
- Building & Construction
- Medical
- Others
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By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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