The Blow-Molded Plastics  Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).


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According to The Business Research Company’s Blow-Molded Plastics  Global Market Report 2024, The blow-molded plastics  market size has grown steadily in recent years. It will grow from $93.63 billion in 2023 to $97.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to rise in the packaging industry, expanding automotive and transportation industry, rise in demand for consumer goods, government regulations, rise in consumer awareness of environmental issues.

The blow-molded plastics  market size is expected to see strong growth in the next few years. It will grow to $121.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to expansion of the food and beverage industry, growing e-commerce and online retail, expansion of the construction industry, emphasis on circular economy, economic growth. Major trends in the forecast period include sustainable materials, customization and design innovation, lightweighting and material efficiency, 3d printing and digital manufacturing, smart packaging.

Increased usage of face masks, protective gowns, and packaging bottles for hand sanitizers is expected to propel the growth of the blow-molded plastics market going forward. Due to the COVID-19 outbreak, the demand for and sale of facemasks, hand sanitizers, and face shields have gained momentum. People are purchasing hand sanitizers in little bottles that are convenient to carry in their wallets or handbags. Blow molding is a technique for making hollow things such as bottles, face masks, and other packaging from hot liquid plastic. For instance, according to the All Food and Drug License Holders Foundation (AFDLHF), an Indian association that represents 7,000 pharmaceutical suppliers, the total market for masks in India has grown to Rs 4.5 billion ($60 million) in the first two months of 2020, from about Rs 2 billion ($26.7 million) annually in 2019. Therefore, the increased usage of face masks, protective gowns, and packaging bottles for hand sanitizers will drive the growth of the blow-molded plastics market.

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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

Increased efforts in product R&D are a key trend gaining popularity in the blow-molded plastics market. Companies are investing in R&D to produce new industrial plastics to keep up with market competitiveness and meet evolving end-user demands. For instance, in August 2021, Comar, a US-based manufacturer and designer of innovative plastic solutions, announced the completion of Rancho 2.0 Project in Rancho Cucamonga, US. The new 230,000-square-foot facility will be Current Good Manufacturing Practice (cGMP)-compliant, ISO 13485-certified, and FDA-registered, with dedicated injection blow molding, injection stretch blow molding, and injection molding cells. The new facility will include a full-service mold prototyping lab as well as a specialized mold sample and development machine, allowing customers to quickly move from concept through design, prototype, and full production.

The blow-molded plastics  market report table of contents includes:

1. Executive Summary
2. Blow-Molded Plastics  Market Characteristics
3. Blow-Molded Plastics  Market Trends And Strategies
4. Blow-Molded Plastics  Market - Macro Economic Scenario
5. Global Blow-Molded Plastics  Market Size and Growth
...............
31. Global Blow-Molded Plastics  Market Competitive Benchmarking
32. Global Blow-Molded Plastics  Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Blow-Molded Plastics  Market
34. Blow-Molded Plastics  Market Future Outlook and Potential Analysis
35. Appendix


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