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Blow-Molded Plastics Market Analysis, Trends, Growth, Research And Forecast 2032
Blow-Molded Plastics Market
The Business Research Company's Blow-Molded Plastics Global Market Report 2023 identifies increased usage of face masks, protective gowns, and packaging bottles for hand sanitizers as the major driver for the blow-Molded plastics market's growth in the forecast period. Due to the COVID-19 outbreak, the demand for and sale of facemasks, hand sanitizers, and face shields have gained momentum. People are purchasing hand sanitizers in little bottles that are convenient to carry in their wallets or handbags. Blow molding is a technique for making hollow things such as bottles, face masks, and other packaging from hot liquid plastic.
The global blow-molded plastics market size grew from $89.39 billion in 2022 to $92.93 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the blow-molded plastics is expected to grow to $108.75 billion in 2027 at a CAGR of 4.0%.
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Major competitors in the blow-Molded plastics market are LyondellBasell Industries Holdings B.V., Berry Global Inc., Pet All Manufacturing Inc., Inpress Plastics Ltd., The Dow Chemical Company, Comar LLC, Rutland Plastics Ltd., The Plastic Forming Company Inc., Agri-Industrial Plastics, Garrtech Inc., North American Plastics Ltd.
A key trend in the blow-Molded plastics market includes increased efforts in product R&D. Companies are investing in R&D to produce new industrial plastics to keep up with market competitiveness and meet evolving end-user demands. For instance, in 2020, Comar, a US-based manufacturer and designer of innovative plastic solutions, announced the establishment of a customs facility in Rancho Cucamonga, US. The new 230,000-square-foot facility will be Current Good Manufacturing Practice (cGMP)-compliant, ISO 13485-certified, and FDA-registered, with dedicated injection blow molding, injection stretch blow molding, and injection molding cells. The new facility will include a full-service mold prototyping lab as well as a specialized mold sample and development machine, allowing customers to quickly move from concept through design, prototype, and full production.
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The blow-Molded plastics market is segmented -
• By Type: Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polyethylene, Polystyrene, PVC, PET, and Other Types
• By Technology: Extrusion, Injection, Stretch
• By Applications: Packaging, Consumables and Electronics, Automotive and Transport, Building and Construction, Medical, and Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the blow-Molded plastics market.
The Business Research Company's "Global Blow-Molded Plastics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Blow-Molded Plastics Market Include:
1. Executive Summary
2. Blow-Molded Plastics Market Characteristics
3. Blow-Molded Plastics Market Trends And Strategies
4. Blow-Molded Plastics Market - Macro Economic Scenario
5. Blow-Molded Plastics Market Size And Growth
……
26. Africa Blow-Molded Plastics Market
27. Blow-Molded Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Blow-Molded Plastics Market
29. Blow-Molded Plastics Market Future Outlook and Potential Analysis
30. Appendix
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