Market Overview

The Global Blow Molded Plastics Market is expected to reach a valuation of USD 89.6 billion in 2023 and USD 149 billion in 2032. It is anticipated to grow with a CAGR of 5.6% for the forecast period (2023-2032).

Blow molding is a manufacturing process used to produce hollow plastic parts by inflating heated plastic material using compressed air or other gases. It enables high volume production of consistent, lightweight and affordable plastic products.

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Market Leading Segments

By Type

• Injection Blow Molding
• Extrusion Blow Molding
• Others

By Resins

• Polyethylene (PE)
• Polypropylene (PP)
• Polyamide (PA)
• Polycarbonate (PC)
• Polyethylene terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Others

By Application

• Packaging
• Automotive & Transport
• Consumables & Electronics
• Building & Construction
• Medical
• Others

Market Top Players

• Dow Inc.
• Comar, LLC
• Magna International, Inc.
• Gemini Group, Inc.
• Custom -Pak
• Creative Blow Mold Tooling
• Garrtech, Inc.
• Rutland Plastics Ltd.
• The Plastic Forming Company, Inc.
• Agri-Industrial Plastics
• APEX Plastics
• Other Key Players

Market Demand Drivers

  • Growth of food & beverage, personal care & cosmetics and pharmaceutical packaging sectors driving product uptake
  • Lightweighting and design flexibility advantages over metal and glass containers boosting adoption
  • High applicability for large hollow containers and intricate or tailored shapes that cannot be achieved through injection molding

Market Trends

  • Innovations in blow molding manufacturing technologies allowing production of thinner walls and customized shapes as per end user requirements
  • Market players focusing on development of recyclable and sustainable blown plastic solutions in packaging and automobile sectors
  • Adoption of high-density polyethylene, polypropylene, and polymer blends on the rise across key end-use sectors

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Market Opportunities

  • Scope for penetration into indoor storage bins, automotive ducting, agricultural chemical tanks etc. indicating wider scope
  • Capacity expansions across Asia Pacific, South America and Middle East & Africa in sync with rapid industrialization activities

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