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Blow-Molded Plastics Market Poised to Hit $132.55 Billion by 2029 with Accelerating Growth Trends
Blow-Molded Plastics Market
Blow-Molded Plastics Market Size Growth Forecast: What to Expect by 2025?
The market size for blow-molded plastics has experienced consistent growth in the past few years. The market will expand from $97.17 billion in 2024 to $101.21 billion in 2025, recording a compound annual growth rate (CAGR) of 4.2%. The growth observed during the historic period is linked to the expansion of the packaging industry, broadening automotive and transportation industry, an increase in the demand for consumer goods and government regulations, along with a surge in consumer awareness regarding environmental concerns.
How Will the Blow-Molded Plastics Market Size Evolve and Grow by 2029?
Anticipated robust expansion in the ensuing years can be seen in the blow-molded plastics market, with predictions showing a surge to $132.55 billion in 2029, accompanying a compound annual growth rate (CAGR) of 7.0%. The projected expansion during this forecast period can be linked to the growth of the food and beverage sector, the rise of e-commerce and online retail, the further development of the construction industry, a focus on the circular economy, along with economic growth. Key trends to look out for during these years include the use of sustainable materials, innovation in design and customization, lightweighting and material efficiency, along with digital manufacturing and 3D printing, and smart packaging.
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What Drivers Are Propelling the Growth of Blow-Molded Plastics Market Forward?
The rise in demand for face masks, safety gowns, and hand sanitizer packaging bottles is projected to drive the expansion of the blow-molded plastics market in the future. The COVID-19 pandemic has led to a surge in the demand and sales of face masks, hand sanitizers, and face shields. Consumers are buying hand sanitizers in small, portable bottles that easily fit into pockets or handbags. Blow molding is a manufacturing process used to create hollow items like bottles, face masks, and other types of packaging using molten plastic. For example, as per the All Food and Drug License Holders Foundation (AFDLHF), a representative body of 7,000 pharmaceutical suppliers in India, the total mask market in the country jumped to Rs 4.5 billion ($60 million) in the first two months of 2020 compared to approximately Rs 2 billion ($26.7 million) in 2019. Hence, the growing usage of face masks, protective gowns and sanitizer packaging bottles is set to fuel the growth of the blow-molded plastics market.
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Which Emerging Trends Are Transforming the Blow-Molded Plastics Market in 2025?
Top companies in the blow-molded plastics market are focusing on the introduction of innovative offerings like the Robopik Takeout System. This is done to improve operation efficiency, reduce workforce costs, and enhance product quality. The need for utilizing advanced automation and smart manufacturing solutions in the industry is also a motivating factor. The Robopik Takeout System is an efficient automated offering that uses collaborative robots to unload and deflash bottles from shuttle-type blow molding machines. It provides increased flexibility, speed, and safety in production operations. For example, in August 2024, Proco Machinery Inc., a Canadian firm specializing in the manufacture of automation systems, launched its cobot palletizing systems. Proco's cobot palletizing system is engineered to boost efficiency in managing plastic bottles. A standout feature of this system is its capacity to operate collaboratively with human operators, allowing for more flexible integration into existing production lines.
What Are the Key Segments in the Blow-Molded Plastics Market?
The blow-molded plastics market covered in this report is segmented -
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
Subsegments:
1) By Polypropylene: Homopolymer Polypropylene, Copolymer Polypropylene
2) By Acrylonitrile Butadiene Styrene (ABS): High-Impact ABS, Standard ABS
3) By Polyethylene: Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE)
4) By Polystyrene: General Purpose Polystyrene (GPPS), High-Impact Polystyrene (HIPS)
5) By PVC: Rigid PVC, Flexible PVC
6) By PET: Virgin PET, Recycled PET (rPET)
7) By Other Types: Polycarbonate, Nylon, Thermoplastic Elastomers (TPE)
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Who Are the Key Players Shaping the Blow-Molded Plastics Market's Competitive Landscape?
Major companies operating in the blow-molded plastics market include 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 Company, Garrtech Inc., North American Plastics Ltd., Creative Blow Mold Tooling Inc., Exxon Mobil Corporation, APEX Plastics Pvt. Ltd., Magna International Inc., International Automotive Components Group Ltd., Custom-Pak Inc., Gemini Group Global Corp., Du Pont De Nemours and Company, Confer Plastics Inc., Blow Molded Solutions LLC, Blue Ridge Industries Inc., GSH Industries Inc., Midwest Plastics Inc., Molded Devices Inc., Mr. Nozzle Inc., Hi-Rel Plastics & Molding Inc., N.E.W. Plastics Corporation, Plastic Technologies Inc.
What Geographic Markets Are Powering Growth in the Blow-Molded Plastics Market?
Asia-Pacific was the largest region in the blow-molded plastics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blow-molded plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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