Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 85.75 Billion | USD 170.91 Billion | 7.14% | 2024 |
The global blow molded plastics market size was worth around USD 85.75 Billion in 2024 and is predicted to grow to around USD 170.91 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.14% between 2025 and 2034. The report analyzes the global blow molded plastics market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the blow molded plastics industry.
The report offers assessment and analysis of the Blow Molded Plastics Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2023 along with a forecast from 2024 to 2034 based on revenue (USD Billion).
Blow molding is a process that helps in formation & joining of hollow plastic components. It is utilized in glass bottle formation as well as forming of other hollow shapes. Reportedly, blow molding process commences with melting down of plastic and formation of plastic into parison, which is a tube like plastic piece having hole in one end through which compressed air can pass through. Parison is then compressed into mold and air is then blown into it. Afterwards, air pressure thrusts plastic out to tie mold and once plastic is cooled & hardened mold opens up with part ejected.
With massive product penetration across construction, packaging, and automotive sectors, expansion of blow molded plastics industry is likely to gain momentum over assessment period. Humungous use of blow molded plastics in healthcare sector will enlarge scope of market growth over forecasting timeframe. It also finds huge applications in consumables, electronic products, and packaging. Furthermore, food & beverage is predicted to be major consumer of blow molded plastics. Huge demand for blow molded plastics in household industrial chemicals, personal care items, motor oil bottles, industrial drums, and containers.
Moreover, low equipment costs and reduced charges of blow molding has resulted into surge in acceptance blow molding processes for producing plastic by manufacturers, thereby expediting growth of blow molded plastics industry. Nonetheless, growing concerns about environmental degradation caused due to plastic usage can inhibit market surge over forecast timespan.
Report Attributes | Report Details |
---|---|
Report Name | Blow Molded Plastics Market |
Market Size in 2024 | USD 85.75 Billion |
Market Forecast in 2034 | USD 170.91 Billion |
Growth Rate | CAGR of 7.14% |
Number of Pages | 187 |
Key Companies Covered | Magna International Inc., INTERNATIONAL AUTOMOTIVE COMPONENT GROUP S.L., Berry Global Inc., Pet All Manufacturing Inc., Inpress Plastics Ltd., Dow Inc., Comar LLC, Rutland Plastics Ltd., The Plastic Forming Company Inc., Agri-Industrial Plastics, Garrtech Inc., Creative Blow Mold Tooling, North American Plastics, Ltd., Machinery Center Inc., Custom-Pak Inc., APEX Plastics, INEOS Group, LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, and Gemini Group Inc., and others. |
Segments Covered | By Product, By Technology, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific To Make Notable Contributions Towards Market Size By 2034
Growth of blow molded plastics market in Asia Pacific over forecast timespan is subject to presence of large number of regional manufacturers in sub-continent. Rise in acceptance of new blow molded plastic technologies in countries such as Japan, India, and China will proliferate regional market size. China is likely to be major regional revenue pocket over coming decade.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the blow molded plastics market on a global and regional basis.
Key players influencing market growth and profiled in report are:
By Technology
By Application
By Product
By Region
FrequentlyAsked Questions
The global blow molded plastics market is expected to grow due to demand for lightweight, durable packaging solutions across industries like food, beverages, and personal care.
According to a study, the global blow molded plastics market size was worth around USD 85.75 Billion in 2024 and is expected to reach USD 170.91 Billion by 2034.
The global blow molded plastics market is expected to grow at a CAGR of 7.14% during the forecast period.
Asia-Pacific is expected to dominate the blow molded plastics market over the forecast period.
Leading players in the global blow molded plastics market include Magna International Inc., INTERNATIONAL AUTOMOTIVE COMPONENT GROUP S.L., Berry Global Inc., Pet All Manufacturing Inc., Inpress Plastics Ltd., Dow Inc., Comar LLC, Rutland Plastics Ltd., The Plastic Forming Company Inc., Agri-Industrial Plastics, Garrtech Inc., Creative Blow Mold Tooling, North American Plastics, Ltd., Machinery Center Inc., Custom-Pak Inc., APEX Plastics, INEOS Group, LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, and Gemini Group Inc., among others.
The report explores crucial aspects of the blow molded plastics market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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