Press release
Leading Companies Enhancing Their Presence in the Blow-Molded Plastics Market
Blow-Molded Plastics Market
Projected Market Size of the Blow-Molded Plastics Industry by 2030
The blow-molded plastics market is anticipated to expand significantly, reaching a value of $137.27 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 6.7% over the forecast period. Several factors contribute to this upward trajectory, including stricter sustainability regulations related to packaging, a rising preference for recyclable plastic containers, and the growing demand for medical packaging solutions. Additionally, increased investments in automated molding machinery and the adoption of smart manufacturing practices are playing important roles. Key trends during this period feature a surge in lightweight plastic packaging, greater use of recycled and rPET materials, expansion of high-speed blow molding equipment, growth in pharmaceutical and medical packaging, and a stronger focus on tailored plastic container designs.
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Top Companies Leading the Blow-Molded Plastics Market
The blow-molded plastics industry is shaped by numerous influential companies worldwide. Among these 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 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., Hi-Rel Plastics & Molding Inc., N.E.W. Plastics Corporation, and Plastic Technologies Inc.
Strategic Acquisition to Enhance Market Position
In October 2023, Greif Inc., a U.S.-based leader in industrial packaging, acquired Reliance Products Ltd. for an undisclosed price. This deal is aimed at bolstering Greif's barrier-technology expertise while broadening its portfolio of high-performance jerrycans and smaller plastic containers throughout North America. Reliance Products Ltd., headquartered in Canada, specializes in manufacturing tough blow-molded containers such as jerrycans and rugged water storage units, which cater to agricultural, industrial, and consumer markets.
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Emerging Innovations Transforming the Blow-Molded Plastics Market
Companies in this sector are increasingly focusing on automation and smart manufacturing to boost productivity and product quality. One notable innovation is the robopik takeout system, a robotic solution designed to unload and deflash bottles from shuttle-type blow molding machines efficiently. This technology enhances safety, flexibility, and operational speed while reducing labor costs. For example, in April 2024, Proco Machinery Inc., a Canadian automation equipment maker, introduced cobot palletizing systems that collaborate with human workers. These systems improve the handling of plastic bottles and offer easy integration into existing production lines, marking a significant step forward in manufacturing automation.
Breakdown of Key Segments Driving Market Growth
The blow-molded plastics market is categorized into several major segments:
1) By Type: Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polyethylene, Polystyrene, PVC, PET, and Other Types
2) By Technology: Extrusion, Injection, and Stretch Blow Molding
3) By Application: Packaging, Consumables and Electronics, Automotive and Transport, Building and Construction, Medical, and Other Uses
Further subcategories include:
- Polypropylene: polymer and Copolymer
- ABS: High-Impact and Standard
- Polyethylene: Low-Density (LDPE), High-Density (HDPE), Linear Low-Density (LLDPE)
- Polystyrene: General Purpose (GPPS) and High-Impact (HIPS)
- PVC: Rigid and Flexible
- PET: Virgin and Recycled (rPET)
- Other Types: Polycarbonate, Nylon, Thermoplastic Elastomers (TPE)
These segments reflect the diversity of materials, technologies, and end-use applications that collectively fuel the market's expansion.
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