Global Blow Molded Plastics Market to Grow at 2.97% During 2024-2032, Impelled by Thriving Packaging Industry

December 10, 2021 | Chemical & Materials

According to the latest report by IMARC Group, titled "Blow Molded Plastics Market Report by Product (Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), and Others), Technology (Extrusion Blow Molding, Injection Blow Molding, Stretch Blow Molding, Compound Blow Molding), Application (Packaging, Consumables and Electronics, Automotive and Transport, Building and Construction, Medical, and Others), and Region 2024-2032," the global blow molded plastics market is expected to grow at a CAGR of 2.97% during 2024-2032. Blow molded plastics are generally used in the manufacturing of hollow plastic products. They usually comprise intricate and complex shapes that are produced by blowing or inflating a thermoplastic molten tube. They include various products, such as bottles, automotive fuel tanks, machine parts, trash containers and gallon drums, that commonly exhibit superior strength and thermal resistance properties. In comparison to metal-based packaging, these products are lighter and offer excellent stiffness in a cost-efficient manner. Therefore, they are extensively utilized across fast-moving consumer goods (FMCG), food and beverages (F&B), healthcare and automotive sectors.

Global Blow Molded Plastics Market Trends:

The global market is primarily driven by the increasing demand for high-density polyethylene pipes (HDPE) for pipeline systems. Coupled with rising investments in infrastructural development projects across the globe, this is creating a positive outlook for the market. Along with this, the increasing preference for packaged food products due to the hectic lifestyles led by the masses and their shifting dietary patterns is providing an impetus to the market growth. Moreover, the widespread adoption of blow molded plastics in the packaging of medical supplies and consumer goods has created a positive outlook for the market across the globe. The market is further driven by the increasing product usage in the production of air ducts, bumper and seat backs of automobiles. Other factors, including continual improvements in the packaging and e-commerce sectors and extensive research and development activities conducted by key players to introduce improved product variants, are also projected to drive the market growth.

Market Summary:

  • On the basis of the product, the market has been segmented into polypropylene (PP), acrylonitrile butadiene styrene (ABS), polyethylene (PE), polystyrene (PS), polyvinyl chloride (PVC), polyethylene terephthalate (PET) and others.
  • Based on the technology, the market has been segregated into extrusion blow molding, injection blow molding, stretch blow molding, and compound blow molding.
  • On the basis of the application, the market has been classified into packaging, consumables and electronics, automotive and transport, building and construction, medical and others.
  • Based on the region, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Agri-Industrial Plastics, APEX Plastics, Comar LLC, Creative Blow Mold Tooling, Custom-Pak, Exxon Mobil Corporation, Garrtech Inc., Gemini Group Inc., Inpress Plastics Ltd., North American Plastics Ltd and PET ALL Manufacturing inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agri-Industrial Plastics, APEX Plastics, Comar LLC, Creative Blow Mold Tooling, Custom-Pak, Exxon Mobil Corporation, Garrtech Inc., Gemini Group Inc., Inpress Plastics Ltd., North American Plastics Ltd. and PET ALL Manufacturing inc.
Customization Scope 10% Free Customization
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Global Blow Molded Plastics Market to Grow at 2.97% During 2024-2032, Impelled by Thriving Packaging Industry
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