Blow Molding Resin Market Size, Status, Global Outlook and Forecast 2020-2025

The report is designed to provide a holistic view of the Blow Molding Resin Market 2021-2025. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). High-level interpretation of Blow Molding Resin Market attributes using proprietary tools such as the Penetration Mapping Index, and other successful representational tools such as Porter’s Five Forces Analysis, SWOT, PESTEL, Ansoff’s Matrix, etc. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Blow Molding Resin Market investments from 2021 till 2025.

The market for blow molding resin is expected to grow at a CAGR of around 5% globally during the forecast period.

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The Blow Molding Resin Market is highly competitive and is moderately fragmented that consists of significant individual players such as Exxon Mobil Corporation, Chevron Phillips Chemical Company, Eastman Chemical Company, INEOS, SABIC, and Solvay.

Key Market Trends:
Growing Demand from Packaging Segment

- Blow molding resins such as polyethylene, polyethylene, polyethylene terephthalate, etc. are widely used to manufacture bottles and containers for a vast range of applications, ranging from shampoo bottles to industrial drums.
- Such resins owing to its transparency, stiffness, excellent melt strength, processability, and environmental stress resistivity are widely used to manufacture blow molded products which are further used in several packaging application.
- The global packaging industry has been rising at a steady pace through the years owing to changing consumer preferences, rising e-commerce sector, expanding FMCG products, and majorly owing to the rising disposable income among people.
- Bottle production is rising at a rapid pace in almost all nations owing to the hectic lifestyles among consumers which has fueled the demand for on-the-go beverages. According to industry estimates, bottles and containers consists of 53% of high-density polyethylene (HDPE) products and 38% of total HDPE products.
- Thereby the growing packaging industry is expected to fuel the demand for blow molding resin globally through the years to come.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region is expected to dominate the global market owing to huge demand from countries such as China and India.
- The packaging industry in India is the fifth largest sector and is registering a growth rate of 22% to 25% per annum, according to the Packaging Industry Association of India (PIAI). The construction sector in the country is among the fastest growing sector in the world, largely driven by the investments embarked by the country’s infrastructure sector. Initiatives such as the Housing for All and Smart City Mission are expected to drive the construction sector in the country and thereby increase the demand for blow molded products in the industry.
- China too is the leading manufacturer of automotive and electronics globally. Though the country’s ongoing trade war with United States has hampered the electronics production in the country at present, the country continues to rank among the top nations in the global market. Automotive production has witnessed a dip in the country through 2019, however, the country is expected to recover through the forecast period.
- Moreover, the rising food & beverage and pharmaceutical industry coupled with the growing FMCG sector is expected to boost the demand for blow molded products in China, which in turn is expected to boost the demand for blow molded resin through the forecast period.

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Regions are covered By Blow Molding Resin Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).

The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.

Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Blow Molding Resin Market
-Changing the Blow Molding Resin Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Blow Molding Resin Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Blow Molding Resin Market.
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions about Blow Molding Resin Market:
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The report has 150 tables and figures browse the report description and TOC
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