Blow Molded Plastics Market is accounted for USD 75,735 million in 2020, growing at a robust CAGR of 3.2% during forecast period

Introduction of the Blow Molded Plastics Market Report

Blow molding refers to the process of converting thermoplastics into simple to complex shapes hollow objects. The blow-molded plastics are used to contain many different products that include foodstuffs, beverages, household products, personal care products, pharmaceutical products, automotive parts, construction panels, toys, and others.

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Market Dynamic

Key Drivers and Emerging Trends

Growing demand for plastic products for making containers, bottles, packaging of food & beverages, medical supplies, and others and the rising number of end-use industries including packaging, building, electronics, and automotive among others are some of the major factors expected to propel the growth of the blow-molded plastics market size over the forecast period. In addition, the blow-molded plastic process offers various advantages including multiple production methods, relatively fast manufacturing solution, highly cost-effective, and allows manufacturers to minimize high labor costs.

Moreover, around 380 million plastic is manufactured each year as per the Plastic Oceans International organization. Furthermore, 3D blow molding allows an automated production process that can help manufacturers produce many units within a short period with minimal flash around the material. This is expected to accelerate the growth and development of the blow-molded plastic market share over the forecast period.

Restraint in the Blow Molded Plastics Market

However, the volatility in the prices of raw materials is projected to hinder the growth of the market over the forecast period. In addition, the outbreak of the Covid-19 pandemic is further expected to impact the demand for blow molded plastics owing to the disruption in the manufacturing of vehicles, electronics, and consumer goods.

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Resin – Segment Analysis

Based on the resin, polypropylene (PP) is expected to grow substantially over the forecast period primarily due to the increasing use of polypropylene (PP) in a variety of packaging applications owing to its low weight, and high strength. Moreover, according to the American Chemistry Council, Inc., polypropylene constitutes around 39 percent of all rigid plastics recycling in the U.S.

Molding Method – Segment Analysis

Based on the molding method, extrusion blow molding is expected to hold a prominent share in the blow-molded plastics market. This is primarily due to its ability to mass-produce a large volume of objects in the same size and shape cost-efficiently.

Additionally, extrusion blow molding is increasingly used to make bottles, industrial containers, 55-gallon drums, automotive fuel tanks, and toys.

Application – Segment Analysis

Based on the application, automotive is expected to grow at a notable CAGR over the forecast period owing to the growing industry of electric automobiles, the rising number of hybrid cars, and the growing use of blow-molded plastics for cost-effective mass production of automotive parts including Cooling system overflow containers, windshield washer fluid bottles, and even fuel tanks, mudguards, consoles, and others.

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Regional – Segment Analysis:

North America is expected to account for a prominent share in the blow-molded plastics market during the forecast period. This can be attributed to the huge market for pharmaceutical, automotive, and consumer products, and the rising demand for PP and ABS in the packaging industry. Additionally, the presence of leading companies including The DOW Chemical Company, Magna International, Inc., and Berry Global Group, Inc. is expected to propel the growth of the blow-molded plastics market size in North America.

Top Market Players

Several leading Blow Molded Plastics companies operating in the market, include LyondellBasell Industries Holdings B.V., The DOW Chemical Company, Solvay SA, Magna International, Inc., Berry Global Group, Inc., International Automotive Components (IAC) Group, Inpress Plastics Ltd., Comar, Gemini Group, Inc., and Garrtech, Inc. among others.

Key Developments:

• • In 2019, Solvay SA announced to introduce UV stabilizers, CYASORB CYNERGY SOLUTIONS M528 for injection and blow-molded applications. This is specifically designed for general injection and blow-molded PE articles that can satisfy critical performance requirements for durable products.

Segments covered in the Report:

The global Blow Molded Plastics market has been segmented on the basis of resin, molding method, application, and key regions. Based on the resin, the market is segmented into Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Acrylonitrile butadiene styrene (ABS), and Others. Based on the molding method, the market is segmented into extrusion blow molding, injection blow molding, stretch blow molding, rotational blow molding, and others. Based on application, the market is segmented into automotive, packaging, building & construction, electrical & electronics, consumer products, and others.

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Key questions answered in this research report:

• • At what pace is global Blow Molded Plastics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Blow Molded Plastics Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Blow Molded Plastics Market?
  • Which application generated maximum revenues in 2020 and identify the most promising application during the forecast period?
  • What are the various resins of global Blow Molded Plastics Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Blow Molded Plastics Market by Resin

• • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
  • Acrylonitrile butadiene styrene (ABS)
  • Others

Global Blow Molded Plastics Market by Molding Method

• • Extrusion Blow Molding
  • Injection Blow Molding
  • Stretch Blow Molding
  • Rotational Blow Molding
  • Others

Global Blow Molded Plastics Market by Application

• • Automotive
  • Packaging
  • Building & Construction
  • Electrical & Electronics
  • Consumer products
  • Others

Global Blow Molded Plastics Market by Region

• • North America Blow Molded Plastics Market (Option 1: As a part of the free 25% customization)
    • By Resin
    • By Molding Method
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Blow Molded Plastics Market (Option 2: As a part of the free 25% customization)
    • By Resin
    • By Molding Method
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Blow Molded Plastics Market (Option 3: As a part of the free 25% customization)
    • By Resin
    • By Molding Method
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Blow Molded Plastics Market (Option 4: As a part of the free 25% customization)
    • By Resin
    • By Molding Method
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Blow Molded Plastics Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • LyondellBasell Industries Holdings B.V.
  • The DOW Chemical Company
  • Solvay SA
  • Magna International, Inc
  • Berry Global Group, Inc.
  • International Automotive Components (IAC) Group
  • Inpress Plastics ltd
  • Comar
  • Gemini Group, Inc.
  • Garrtech, Inc.