Blow Molded Plastics Market - Global Industry Analysis

Blow Molded Plastics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6783 Status : Upcoming

Description

Global Blow Molded Plastics Market: Overview

Blow molding is generally a process of molding that is used in the manufacturing industry in order to make hollow objects that are made of plastic. Plastic materials that are ideal for blow molding involves PET, PVC, co-polyester, polypropylene, low & high-density polyethylene, etc. A broad range of polyethylene containers are produced by the process of blow molding which includes shipping drums, toys, bottles, and many more. Blow molded plastics are widely used in the packaging of wide range of products from several industries.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Blow Molded Plastics Market: Growth Factors

The global blow molded plastics market is emerging at a rapid pace. The predominant factors that are fueling the market growth include availability of different methods of producing blow molded plastics and growing demand for blow molded plastics from several end-use industries. Food & beverages industry is likely to be the largest end-user of blow molded plastic. For packaging of food & beverages, PET polymer is approved by FDA for its use in packaging of foods & beverages. Foodservice containers and liquid food containers including fruit-flavored beverages, water, milk, etc have raised the demand for blow molded plastics across this industry. In addition to this, growing use of blow molded plastics for personal care products, industrial containers & drums, household industrial chemicals, and motor oil bottles have also led to increase in sales of blow molded plastics. This has ultimately triggered market growth. Further, several advantages associated with blow molding process such as low cost of blow molding over injection molding, ability to offer one-piece construction of the products, and low machinery cost have led to rise in adoption of blow molding process of plastic by the manufacturers. All such factors coupled with availability of blow molded plastic products in attractive colors, sizes, and shapes for brand recognition is driving the global blow molded plastics market. However, major concerns of environmental risk associated with increase in use of plastic may hamper the growth of the global blow molded plastics market. On the other hand, introduction of 3D blow molding, an automated process of production that aid the manufacturers to retain the quality of blow molded plastics may lead to numerous opportunities for global blow molded plastics market over the forecast period.

The outbreak of Covid-19 has a low impact on global blow molded plastics market. This is because though pandemic has transformed the growth of numerous business sectors, its immediate impact on the industry is varied. To curb the rapidly spreading infection, nationwide lockdown and restriction on transport & travel were imposed by most of the government across the world. This disrupted the supply & distribution chain which in turn affected the manufacturers of blow molded plastics. However, steady demand from medical and packaging sectors supported the growth of the market during the pandemic. Also with easing down in the restrictions in most of the countries is contributing to the market growth and is expected to grow at a healthy rate during the forecast period.

Global Blow Molded Plastics Market: Segmentation

The global blow molded plastics market is categorized based on technology, product, application, and region. Based on the technology, the global blow molded plastics market is classified into compound blow molding, stretch blow molding, injection blow molding, and extrusion blow molding. The product segment comprises polyethylene terephthalate (PET), polyvinyl chloride (PVC), polystyrene (PS), polyethylene (PE), acrylonitrile butadiene styrene (ABS), polypropylene (PP), and others. The application segment is divided into packaging, medical, building & construction, automotive & transport, consumables & electronics, and others.

Global Blow Molded Plastics Market: Regional Analysis

Asia Pacific is anticipated to be the largest revenue generator of the global blow molded plastics market during the forecast period. China is considered to be the major manufacturing hub and increase in demand for blow molded plastics for distinct applications across several industries is driving the growth of the market in this region. India and Japan are also likely to drive the growth of the market owing to emerging economies and adoption of technologies involved in blow molding process. Further, rapidly growing packaging industry and increase in demand for hygienic packaging of food & beverages from the consumer is adding up to the growth of the market in Asia Pacific. North America is estimated to show significant growth owing to rise in demand for acrylonitrile butadiene styrene and polypropylene for the manufacture of bottles.

Global Blow Molded Plastics Market: Competitive Players

The predominant players functioning in the global blow molded plastics market are Rutland Plastics Ltd., Comar, LLC, Inpress Plastics Ltd., International Automotive Components (IAC) Group, Magna International, Inc., Creative Blow Mold Tooling, Garrtech, Inc., Agri-Industrial Plastics, The Plastic Forming Company, Inc., and Gemini Group, Inc., among others.

Global Blow Molded Plastics Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global blow molded plastics market is emerging at a rapid pace. The predominant factors that are fueling the market growth include availability of different methods of producing blow molded plastics and growing demand for blow molded plastics from several end-use industries. Furthermore, introduction of 3D blow molding, an automated process of production that aid the manufacturers to retain the quality of blow molded plastics may lead to numerous opportunities for global blow molded plastics market over the forecast period.

The predominant players functioning in the global blow molded plastics market are Rutland Plastics Ltd., Comar, LLC, Inpress Plastics Ltd., International Automotive Components (IAC) Group, Magna International, Inc., Creative Blow Mold Tooling, Garrtech, Inc., Agri-Industrial Plastics, The Plastic Forming Company, Inc., and Gemini Group, Inc., among others.

Asia Pacific is anticipated to be the largest revenue generator of the global blow molded plastics market during the forecast period. China is considered to be the major manufacturing hub and increase in demand for blow molded plastics for distinct applications across several industries is driving the growth of the market in this region. India and Japan are also likely to drive the growth of the market owing to emerging economies and adoption of technologies involved in blow molding process.

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