Blow Molded Plastics Market Overview
Blow Molded Plastics Market was valued at US$ 89.8 Billion in 2024 and is projected to grow at a CAGR of 6.10% to reach US$ 162.4 Billion by 2034.
Blow Molding process are of four types: injection, extrusion, compound, and stretch blow molding that, produces various polyethylene containers and articles such as toys, bottles, and shipping drums.
Growing automotive industries have become significant contributors to target market growth. Technological innovation and increasing research and development activities to meet demand from the electronics industry has propelled the demand for market growth. Growing strategic acquisitions to expand the product portfolio in the market and rising use of plastics are expected to boost the demand for Blow Molded Plastics Market growth.
Blow Molded Plastics Market Dynamics
Rapid growth in industrialization and rate of urbanization to fuel market growth
Rapid growth in industrialization with increasing urban living has become a leading factor in market growth. Urbanization has increased disposable income and various industries such as automotive, construction, pharmaceutical, and others where blow-molded plastics are widely used, which has driven the market growth. The use of blow molded plastics in consumer goods such as drinking bottles, handwash bottles, personal care bottles such as shampoos & others, children's toys, automotive products, and industrial containers has fruitful the demand for Blow Molded Plastics market growth.
For instance, in May 2022, according to (THG PUBLISHING PVT LTD.) industrialization in Tamil Nadu along with Kerala has relatively developed the path of industrialization with higher levels of development and lower levels of poverty compared to other states with development of dynamic manufacturing industries which includes, pharmaceuticals, automobiles, auto components, chemicals, plastics, garments, engineering, leather products, textile products, etc.
Technological advancement to fuel market growth
Manufacturers involved in the blow-molded plastics market are developing advanced versions of their products due to new-age technological advancements that can carry out safe transport and shelf life. New developments in resin technology efficiency and film has designed to do more accessible work in packaging. Growing innovation in stretch blow molding technology has improved the process's quality, efficiency, and sustainability. The latest invention includes lightweight, infrared heating, automation, barrier coatings, and 3D printing, is likely to propel market growth. MICRO PACKAGING by using Nanotechnology is a new advanced technology in the market. Packaging resins are in high demand in retail markets, grocery shops, and healthcare industries, leading to technological advancement and growth due to increased consumer demand. For instance, Feb 2018, (flexpackmag.com) the latest innovation techniques are driving the sustainable packaging (refers to minimal carbon footprint and environmental impact) industry, which will help in business growth, promotes environmental protection, reduce energy consumption, reduce weight and volume of packaging which will help in the development of the Blow Molded Plastics Market.
Restrains:
High commodity prices and growing commodity costs have hampered the market growth. The lack of suitable testing standards and the struggle of industries to meet quality assurance has restrained the Blow Molded Plastics market growth.
Blow Molded Plastics Market Segmentation
Blow Molded Plastics Market is segmented based on Technology, Product, Application and Region:
Technology Insight
On the basis of Technology, Blow Molded Plastics Market is segmented into Injection, Extrusion, Compound, Stretch. Extrusion blow molding technology segment is expected to dominate the target market growth due to its lower and cheapest cost than other type of molding. This type of molding technology is widely used in the manufacturing of bottles with various plastics such as PVC, HDPE, PP and others.
Product Insights
On the basis of Product, Blow Molded Plastics Market is segmented into Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride and Others. Polyethylene product segment is expected to dominate the target market growth as they are commonly used in electronics and packaging industries.
Application Insights
On the basis of Application, Blow Molded Plastics Market is segmented into Consumables & Electronics, Packaging, Medical, Building & Construction, Automotive & Transport and Others. Packaging application segment is expected to dominate the target market growth due to growing demand for plastic bottles for disinfectants, hand sanitizers, house-hold cleaning liquids and others. High consumerism in developing countries has further boost the segment growth.
Regional Insights:
On region the Blow Molded Plastics Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period. Moreover, rapid growth in urbanization, growing demand for plastic-based consumer goods, demand for hygienic packed food, high disposable income, growing industrialization with rising automobile sector in countries such as India, China, Malaysia and Indonesia is anticipated to increase demand for Blow Molded Plastics in the region.
Europe market is estimated to witness a significantly fastest revenue share over the forecast period owing to growing demand for ready to eat food & beverages with hygienic packaging. Use of blow molded plastics in juice bottles and drinking water bottles is further expected to boost the market growth in the region.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Technology - Injection, Extrusion, Compound, Stretch By Product - Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride and Others By Application - Consumables & Electronics, Packaging, Medical, Building & Construction, Automotive & Transport and Others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Blow Molded Plastics Market report based on Technology, Product, Application and Region:
Blow Molded Plastics Market, By Technology:
- Injection
- Extrusion
- Compound
- Stretch
Blow Molded Plastics Market, By Product:
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)
- Polyamide 66
- Polyamide 6
- Polyethylene Terephthalate (PET)
- Acrylonitrile Butadiene Styrene (ABS)
- Others
Blow Molded Plastics Market, By Application:
- Consumables & Electronics
- Packaging
- Medical
- Building & Construction
- Automotive & Transport
- Others
Blow Molded Plastics Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Blow Molded Plastics Market Key Players
The key players operating the Blow Molded Plastics Market includes, Dow Inc., Magna International Inc., Berry Global Inc., The Plastic Forming Company, Inc., APEX Plastics, Rutland Plastics Ltd., Agri-Industrial Plastics, Inpress Plastics Ltd., Garrtech Inc., INEOS Group and others.
Blow Molded Plastics Market Key Issues Addressed
Recent Development:
- In June 2023, Airnov Healthcare Packaging showcased new HDPE bottles compliant with U.S. FDA (Food and Drug Administration), Chinese DMF registration and EU regulations for use in dry pharmaceutical applications. New HDPE bottles are injection molded solution which offers higher barrier protection from moisture for pharmaceutical containers.
- In November 2022, TotalEnergies announced the construction of new polypropylene production line for automotive sector in Carling, France. New production plant will recycle post-consumer waste and end-of-life automotive parts to address challenges of circular economy in European region.
- In October 2022, IPACKCHEM acquired majority stake in TPG a blow-molded product supplier. This acquisition intended IPACKCHEM to launch its Advanced IMF (In-Mold Fluorination) technology and to supply crop protection market as of 2023-2024 season to expand TPG’s customer base in North America.
Blow Molded Plastics Market Company Profile
- Dow Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Magna International Inc.
- Berry Global Inc.
- The Plastic Forming Company, Inc.
- APEX Plastics
- Rutland Plastics Ltd.
- Agri-Industrial Plastics
- Inpress Plastics Ltd.
- Garrtech Inc.
- INEOS Group
“*” marked represents similar segmentation in other categories in the respective section
Blow Molded Plastics Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Technology
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Injection
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Extrusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Compound
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Stretch
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Product, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Polyethylene
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Polypropylene
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Polystyrene
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Polyvinyl Chloride
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Application, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Consumables & Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Packaging
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Medical
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Building & Construction
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Automotive & Transport
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Technology, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Dow Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Magna International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Berry Global Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Plastic Forming Company, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- APEX Plastics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rutland Plastics Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Agri-Industrial Plastics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Inpress Plastics Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Garrtech Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- INEOS Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Blow Molded Plastics Market is segmented into Technology, Application and Region.
Blow Molded Plastics Market is driven by factors like rapid growth in industrialization, rate of urbanization and technological advancement.
By region, the Blow Molded Plastics Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Blow Molded Plastics Market includes, Dow Inc., Magna International Inc., Berry Global Inc., The Plastic Forming Company, Inc., APEX Plastics, Rutland Plastics Ltd., Agri-Industrial Plastics, Inpress Plastics Ltd., Garrtech Inc., INEOS Group and others.
Blow Molded Plastics Market accounted for US$ 89.8 Billion in 2024 and is estimated to be US$ 162.4 Billion by 2034 and is anticipated to register a CAGR of 6.10%.