Blow Molded Plastic Market Size, Share, Opportunities, And Trends By Material Type (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Others), By Application (Packaging, Automotive And Transportation, Consumables & Electronics, Others), By Technology (Extrusion Blow Molding, Injection Blow Molding, Stretch Blow Molding, Compound Blow Molding), And By Geography - Forecasts From 2023 To 2028
- Published : Oct 2023
- Report Code : KSI061616079
- Pages : 146
The blow molded plastic market is projected to grow at a significant level in the forecast period.
Hollow plastic pieces are made using the manufacturing method known as blow molding. Various commodities, including beverages, food, personal care items, and home chemicals, are packaged in blow-molded plastic bottles, jars, and containers. To create glass bottles and open containers, blow molding creates empty plastic pieces and glues them together. The assembly retains the shape of the metal mold before demolding and trimming the built-in section to remove the flash or trim. Three different forms of blow structures are extrusion blow formation, injection blow formation, and injection stretch blow blowing. Extrusion-blowing molding offers economical product costs, an easy technique, and excellent productivity. Extrusion blow molding requires low-pressure working conditions, which thereby lowers production costs and makes the product more affordable. Additionally, blow molding also enables businesses to lower expensive labour costs which makes it a favourable manufacturing process thus boosting the market.
The usage of blow-molded plastic bottles in the medical industry is anticipated to increase since they are used to package medications and preserve their quality without deteriorating or being damaged. The growth of the healthcare industry has significantly boosted the market for blow-molded plastics. Glass packaging is more prone to damage and leaks than plastic containers, which promotes hygiene habits. The expansion of the blow-molded plastic bottle industry is fueled by the growth and development in the healthcare equipment sector, which has increased the approval of these bottles. According to the experts, the general packaging sector has been impacted by the legislation and implementation of laws governing the use of plastics, with a growing need for longer-lasting solutions forcing companies to make significant investments in biodegradable and affordable packing solutions.
- The packaging industry is propelling market growth. Products including drinks, food, personal care goods, and home chemicals are frequently packaged in blow-molded plastic bottles, jars, and containers. The need for blow-molded plastics has been considerably influenced by the expansion of the consumer goods industry, shifting lifestyles, and rising demand for convenient packaging.
- Extensive use in the automotive industry is propelling demand: For the production of parts like fuel tanks, air ducts, bumpers, dashboards, and interior trimmings, blow-molded plastics are widely employed in the automobile industry. The car industry's ongoing search for lightweight materials to maximize fuel economy and cut emissions has resulted in a rise in the use of blow-molded plastics.
- Cost-effective compared to other counterparts: Compared to other packaging materials, blow-molded plastics are more affordable. Due to the manufacturing process efficiency, it is possible to produce large quantities of goods at an affordable rate per unit. Blow-molded plastic containers' reduced weight also helps to reduce the cost of logistics and shipping. Convenience, safety, and sustainability are become more popular among consumers. These expectations are met by blow-molded plastics, which provide reusable package forms, reliable closures, and recycling capabilities.
- A growing sense of sustainability is fueling market growth: The increased focus on sustainability offers blow-molded plastics a chance to develop and provide more environmentally friendly solutions. Research and development efforts are concentrated on creating compostable or biodegradable blow molding materials, minimizing the environmental effect of plastic waste, Investment are made in this field by market players which is thereby propelling market development.
- Good structural sturdiness is provided by blow molding. Blow molding, injection molding, and extrusion molding are all types of molding technologies, and each one has its own benefits. These advantages include durability, food preservation, medical safety, and effectiveness. Due to these advantages over other materials, plastic packaging has become ubiquitous, and items made using blow molding techniques have replaced conventional materials.
- Use of additive manufacturing is aiding in market growth: Global demand for 3D-printed plastic composites is rising as a result of the expanding commercial use of 3D printing technology. These grades provide the best performance in challenging circumstances including corrosive and high temperature/pressure situations. This results in performance enhancement in the composite plastic grades following value additions like carbon fibres.
Products offered by key companies:
- Reusable bottles, Berry Global: On July 23, Berry Global launched a line of reusable bottles for The Bio-D Co. The bottles are manufactured entirely of post-consumer recycled plastic (PCR). For Bio-D's liquid products, which include dish soap, fabric conditioner, laundry detergent, dishwasher rinse aid, and home and garden cleaner, bottles will be available in 25-ounce, 33-ounce, and 1.3-gallon quantities.
- Recyclable refill bags, Dow: Using Dow's Innate TF Polyethylene Resins for Tenter Frame Biaxial Orientation, Lion Corporation and Dow collaborated to introduce reusable refill packs for Shokubutsu Monogatari's shower cream in Thailand.
The prominent growth in the Packaging sector under the Application segment
The packaging industry is projected to grow significantly and is anticipated to garner major market share in terms of revenue, during the forecast period. For packaged goods, blow-molded plastics offer great protection. The need for dependable packaging solutions that are resilient to impact and damage has increased, especially for goods that are prone to infestation or damage during transit. To protect items and guarantee their integrity, blow-molded plastics provide essential strength and barrier qualities. The food packaging sector makes substantial use of blow-molded plastics. They work in the production of trays, tubs, and containers for foods including dairy, sauces, condiments, and ready-to-eat meals. Blow-molded plastic packaging offers a barrier of protection, preserves product freshness, and guarantees consumer convenience.
The Asia Pacific region is expected to hold a significant share of the Blow Molded Plastic market:
Asia-Pacific captured a significant market share in terms of revenue and is projected as the fastest-growing segment in terms of region. Rapid urbanization in the Asia-Pacific area has spurred the construction industry and infrastructure development. In the construction business, pipes, fittings, tanks, and insulating materials are frequently made of blow-molded plastics. The rise in demand for blow-molded plastics is a result of the rising need for cheap housing, urban infrastructure, and industrial facilities. The consumer market in the Asia-Pacific area is sizable and developing quickly. Consumption of packaged goods, consumer electronics, automobile parts, and other products has expanded as a result of the growing middle class and higher discretionary income levels. These industries make extensive use of blow-molded plastics because of their adaptability, affordability, and capacity to satisfy expanding customer demand.
- On July 23, Berry Global developed a line of reusable bottles made completely of post-consumer recycled plastic (PCR) for The Bio-D Co., a cleaning business with an emphasis on ethics and the environment. The bottles will be offered in 25-ounce, 33-ounce, and 1.3-gallon sizes for Bio-D's liquid goods, which include dish soap, fabric conditioner, laundry detergent, dishwasher rinse aid, and home and garden cleanser.
- NOVA Circular Solutions, a new business channel run on lower-emission, recyclable solutions and home of the company SYNDIGO-brand recycled polyethene, was founded by NOVA Chemicals Corporation in February 2023.
- By Material Type
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- By application
- Automotive and Transportation
- Consumables & Electronics
- By Technology
- Extrusion Blow Molding
- Injection Blow Molding
- Stretch Blow Molding
- Compound Blow Molding
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Data
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. BLOW MOLDED PLASTIC MARKET, BY MATERIAL TYPE
5.2. Polyethylene (PE)
5.3. Polypropylene (PP)
5.4. Polyvinyl Chloride (PVC)
6. BLOW MOLDED PLASTIC MARKET, BY APPLICATION
6.3. Automotive and Transportation
6.4. Consumables & Electronics
7. BLOW MOLDED PLASTIC MARKET, BY TECHNOLOGY
7.2. Extrusion Blow Molding
7.3. Injection Blow Molding
7.4. Stretch Blow Molding
7.5. Compound Blow Molding
8. BLOW MOLDED PLASTIC MARKET, BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.4.1. United Kingdom
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Mergers, Acquisitions, Agreements, and Collaborations
9.3. Market Share Analysis
10. COMPANY PROFILES
10.1. Berry Global Inc.
10.2. Pet All Manufacturing Inc.
10.4. Dow, Inc.
10.6. RUTLAND PLASTICS
10.7. Plastic Forming Company, Inc.
10.8. Agri-Industrial Plastics.
10.9. Creative Blow Mold Tooling
10.10. Custom-Pak, Inc.
Berry Global Inc.
Pet All Manufacturing Inc.
Plastic Forming Company, Inc.
Creative Blow Mold Tooling
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