The blow molded parts are formed from various thermoplastic materials, including polypropylene, polyvinyl chloride, polyethylene, polyethylene terephthalate, polystyrene, and acrylonitrile butadiene styrene, among others.
In 2023, the Blow Molded Plastic Market is valued at an impressive US$ 15,775.34 million. The future outlook for this market is exceedingly promising, with projections indicating a substantial increase in value. It is expected that by the year 2033, the Blow Molded Plastic Market will reach a significant milestone, soaring to an estimated US$ 35,096.49 million.
The production of blow molded plastic bottles predominantly involves several key techniques, namely extrusion blow molding, stretch blow molding, compound blow molding, and injection blow molding. As a result, the market for blow molded plastic bottles is poised for substantial growth in the coming years. This growth is attributed to the escalating adoption of blow-molded bottles across a diverse array of industry verticals worldwide. The versatile applications of blow-molded plastic bottles in meeting the packaging needs of various sectors are expected to drive their continued expansion in the market.
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Market Growth Factors
The economical production and manufacturing processes stand out as pivotal drivers fueling the growth of the blow-molded plastic bottle market. The incorporation of seven layers proves instrumental in achieving essential attributes such as rigidity, stability, and compatibility, serving as key catalysts propelling the expansion of the market.
Foreseen as a notable beneficiary, the medical sector is anticipated to significantly elevate the demand for blow-molded plastic bottles, especially in the packaging of pharmaceuticals. This application ensures the preservation of medicine quality without compromise, protecting against damage or degradation.
The surge in pharmaceutical products within the market landscape has emerged as a significant impetus behind the escalating adoption of blow-molded plastic bottles. This increasing utilization underscores their crucial role in the pharmaceutical sector, contributing substantively to the overall growth and resilience of the blow-molded plastic bottle market.
Key Takeaways:
Affordability and mass usage promote the market possibilities for the product.
Awareness about adverse environmental impact may hamper the market growth.
North America currently accounts for 27% of the total market share.
Europe holds about 22% of the global market share.
Competitive Landscape
Market Drivers:
- Versatility and Customization: Blow molding allows for the production of a wide range of plastic products, from bottles to containers and automotive parts. The ability to customize designs and sizes to meet specific industry needs is a significant driver.
- Cost-Efficiency: Blow molding is often a cost-effective manufacturing method for producing large quantities of plastic products, making it appealing to industries looking to reduce production costs.
- Lightweight and Durability: Blow-molded plastic products are lightweight and durable, which is advantageous for applications in the automotive, packaging, and consumer goods industries.
- Sustainability: The industry is increasingly adopting sustainable practices, such as using recyclable materials and reducing waste, to meet consumer and regulatory demands for eco-friendly solutions.
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Key Market Players:
- Alpha Packaging
- Amcor Limited
- APEX Plastics
- Berry Plastics Corp.
- First American Plastic
- Graham Packaging Co.
- HTI Plastics
- Milacron
- Plastipak Holdings
- Sidel
Segments Covered
By Polymer:
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Others
By Application:
- Packaging
- Automotive & Transportation
- Consumables & Electronics
- Building & Construction
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
Recent Developments:
In June 2021, Sidel (France) brought together two developers of PET bottle molds to form a new entity known as Competek, also in France. One of the entities is PET Engineering from Italy, which was acquired in 2018 by Sidel, while the other company is COMEP (France), which was acquired in 2019. Together, these entities develop over 1500 PET bottle molds as well as 100 perform molds every year, using a series of blow molding plastics.
In 2020, INEOS Olefins and Polymers USA announced that it had agreed on principle terms with Sasol Chemicals North America LLC to acquire its 50% membership interest in Gemini HDPE LLC for US$ 404 million. Gemini HDPE LLC is a toll manufacturer of bimodal high-density polyethylene products serving rapidly growing pipe and film markets.
In June 2019, LyondellBasell and Neste Corp., an oil refiner, made commercial-scale quantities of bio-based polypropylene and low-density polyethylene. The joint project used Neste Corp.’s renewable hydrocarbons derived from sustainable bio-based raw materials, such as waste and residue oils. The materials are approved for food packaging and are marketed under the Circulen and Circulen Plus brands.
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