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Exploring the Evolving Landscape: Blow-Molded Plastics Market 2024 - Size, Key Manufacturers, Demand Analysis, Share & Overview, Anticipating Trends and Challenges through 2033"
Blow-Molded Plastics Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Blow-Molded Plastics industry. This report on Blow-Molded Plastics market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The blow-molded plastics market size has grown steadily in recent years. It will grow from $93.63 billion in 2023 to $97.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to plastics marketing industry, expanding automotive and transportation industry, rise in demand for consumer goods, government regulations, rise in consumer awareness of environmental issues. The blow-molded plastics market size is expected to see strong growth in the next few years. It will grow to $121.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
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Key Market Players:
LyondellBasell Industries Holdings B.V., Berry Global Inc., PET All Manufacturing Inc., Inpress Plastics Ltd., The Dow Chemical Company.
Market Drivers:
According to the Blow-Molded Plastics Market Report 2024 by The Business Research Company, The growth in the beverage industry is expected to propel the growth of the blow-molded plastics market in the coming years. The beverage industry, sometimes known as the drink industry, is a global association of companies that sell various forms of beverages. Non-alcoholic and alcoholic beverages, such as packaged water, non-alcoholic beverages, energy beverages, milk, distilled spirits, spirits, and beer, are all part of the sector. Blow-molded plastics are frequently utilized in the beverage industry to make bottles, containers, lids, closures, coolers, transporting cases, and industry drums. HDPE is the most often used material for blow-molded containers and bottles due to its flexibility, mold-friendliness, and chemical inertness. For instance, in December 2022, according to the RDA Summary Report of online alcohol sales and delivery, a report of Retail Drinks Australia, an Australia-based national industry association that represents the interests of packaged retail liquor outlets, total retail sales of alcohol in Australia are expected to be at $16.3 billion in 2021-22. Online sales, including delivered and clock and collect orders, accounted for $2.1 billion, or 13% of total sales. Therefore, the growth in the beverage industry is driving the blow-molded plastics market.
More information about the Global Blow-Molded Plastics Market Report -
https://www.thebusinessresearchcompany.com/report/blow-molded-plastics-global-market-report
Market segments for Blow-Molded Plastics include:
1) By Type: Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polyethylene, Polystyrene, PVC, PET, Other Types
2) By Technology: Extrusion, Injection, Stretch
3) By Applications: Packaging, Consumables And Electronics, Automotive And Transport, Building And Construction, Medical, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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