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The global blow molded plastics market exhibited moderate growth during 2015-2020. Blow molded plastics are made by extruding a thermoplastic molten tube into intricate and complex shapes. Their manufacturing process involves the utilization of lubricants, impact modifiers, acrylic process aids and thermal stabilizers. As they offer high impact strength, flow, and thermal stability, the use of blow molded plastics is increasing worldwide for manufacturing gallon drums and automotive fuel tanks. Moreover, they are gaining traction in the food and beverage (F&B) industry to produce bottles for the packaging of different food products and beverages. They are also employed in the industrial sector to make machine parts, toolboxes, trash containers, and hot water tanks.
The rising consumption of packaged food products on account of hectic lifestyles, in confluence with the constant support of various governing agencies for reusing and recycling technologies to minimize landfills, represents one of the major factors influencing the market. Additionally, due to the ongoing coronavirus disease (COVID-19), the escalating demand for hand gels, food-grade barrels, laboratory consumables, and industrial-size disinfectants is strengthening the market growth. Moreover, blow molded plastics are used to manufacture electronic components for air conditioners, household appliances, office furniture, and sports arenas. This, along with the boosting sales of electronics worldwide, is bolstering the market growth. Apart from this, the thriving automotive industry is increasing the adoption of these plastics for making bumpers, spoilers, air ducts, and seat backs. Their exceptional properties, such as water resistance, durability, light weight, and energy conservation, are further expanding their applications in the construction, pharmaceutical, and personal care industries. Besides this, the rising demand for premium toys, leisure sailboards, canoes, and sports goods is anticipated to drive the market further. Looking forward, IMARC Group expects the global blow molded plastics market to grow at a CAGR of around 4% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global blow molded plastics market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, technology and application.
Breakup by Product:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Agri-Industrial Plastics, APEX Plastics, Comar LLC, Creative Blow Mold Tooling, Custom-Pak, Exxon Mobil Corporation, Garrtech Inc., Gemini Group Inc., Inpress Plastics Ltd. and North American Plastics Ltd.
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