How Global Blow-Molded Plastics Market Players Should Strategize For 2022-2031

3 Aug, 2022

The global blow-molded plastics market size is expected to grow from $86.39 billion in 2021 to $89.30 billion in 2022 at a compound annual growth rate (CAGR) of 3.4%. The global blow-molded plastic market size is expected to grow to $102.59 billion in 2026 at a CAGR of 3.5%.

What is the Global Blow-Molded Plastics Market?

The blow-molded plastics market system consists of sales of blow-molded plastics by entities (organizations, sole traders, and partnerships) that are involved in the manufacturing of hollow objects made of plastics. Blow molding is a plastic forming technique used to make hollow plastic products out of thermoplastic materials. Blow molding is also a quick manufacturing solution and offers versatile products hence it is appealing to many industries such as food suppliers, medical and pharmaceutical companies, and others due to the wide range of customizable bottles, containers, and other products.

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What drives the Global Blow-Molded Plastics Market?

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 and sale of facemasks, hand sanitizers, and face shields have gained pace. 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 in 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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Global Blow-Molded Plastics Market Segments
The global blow-molded plastics market is segmented:
By Type: Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polyethylene, Polystyrene, PVC, PET, Others
By Technology: Extrusion, Injection, Stretch
By Application: Packaging, Consumables and Electronics, Automotive and Transport, Building and Construction, Medical, Others
By Geography: The regions covered in the blow-molded plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Blow-Molded Plastics Global Market Report 2022provides market size and growth forecasts for the global blow-molded plastics market, global blow-molded plastics market share, blow-molded plastics market segments and geographies, blow-molded plastics market competitive landscape including leading competitors’ revenues, profiles and market shares. The blow-molded plastics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Blow-Molded Plastics Industry Playersinclude 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, Garrtech Inc, North American Plastics Ltd., Creative Blow Mold Tooling, Pet All Manufacturing Inc., Exxon Mobil Corporation, and APEX Plastics. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.