The global blow molded bottles market is set to reach a significant valuation of USD 94.6 billion by the end of 2023, driven by an increasing demand across multiple industries including food and beverage, pharmaceuticals, and consumer goods. In addition, the market is expected to grow at a CAGR of 4.8% from 2023 to 2033, creating a potential market opportunity worth USD 151.2 billion by the end of the forecast period.
Key drivers behind this robust growth include the expansion of production capacity in high-growth regions such as Asia Pacific and the Middle East & Africa. These regions are not only generating a consistent demand for blow molded bottles but also contributing to lower manufacturing costs, which supports the overall market dynamics.
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In response to the growing demand, manufacturers are increasingly investing in advanced machinery that offers greater flexibility, cost efficiency, and high precision. These technological advancements are crucial as industries such as food & beverage and pharmaceuticals face pressure to manage rising production costs while meeting stringent product quality standards.
Another notable factor propelling the market is the rising adoption of extrusion blow molding technology, which is gaining popularity due to its relatively low cost and efficiency compared to injection blow molding. This technology’s low pressure requirements and ability to mold external threads more easily make it a preferred choice among manufacturers, contributing significantly to market expansion.
Key Takeaways: Blow Molded Bottles Market
- The global blow molded bottles market experienced a CAGR of 4.2% during the historical period (2018 to 2022).
- The market reached an approximate value of USD 90.3 billion by the end of 2022.
- The blow molded bottles market in the United States is expected to grow at a CAGR of 4.0% during the forecast period.
- India’s blow molded bottles market is projected to create an incremental opportunity of USD 6.1 billion by 2033.
- The plastic segment, based on material, is anticipated to hold a significant market share and grow at a CAGR of 4.6% during the forecast period.
- The food & beverage segment is the largest in the global blow molded bottles market and is expected to reach a valuation of USD 58 billion by 2033.
Competitive Scenario
To satisfy rising demand, key players in the blow molded bottle market are deliberately expanding their production capacity by attending events and conferences. They are also moving into new agreements through mergers and alliances to boost their market position.
Some other companies are investing much in R&D to expedite innovation and technological development in order to upgrade their products with new features.
Key Players
ALPHA Packaging; Millet Plastics Inc.; Zhongshan Boyu Precision Mould Manufacturing Co., Ltd; APEX Plastics; Valencia Plastics, Inc.; USA Pack Group; Urola Packaging.; Robinson plc; PET Blow Molding; S.I.P.A. S.p.A; Rosti Group AB; Berry Global; O.BERK; Retail Industries Ltd; Grief Inc; Visy; Garrtech Inc; Graham Packaging co; LyondellBasell Industries B.V
Recent Developments in the Market
- In April 2021, with the acquisition of Boxmore Plastics, Alpha Packaging continued its expansion in Europe to broaden the product portfolio for its customers.
- In July 2020, Berry Global, Inc. announced its completion of the acquisition with RPC Group Plc to reduce the operational cost and integration in the value chain.
Blow Molded Bottles Market Outlook by Category
By Capacity:
- Below 100 ML
- 100 to 500 ML
- Above 500 ML
By Material:
- Plastic
- Glass
- Metal
- Other Materials
By End Use:
- Pharmaceuticals
- Food & Beverage
- Cosmetics & Personal Care
- Homecare
- Others (Chemicals, etc.)
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
- South Asia
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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