Blow Molding is the process of heating and molding thermoplastic resin and solidifying the cooling of the molded plastic. It is also used to make glass bottles or other hollow shapes. There are various types of plastics, such as polyolefins (HDPE, LDPE, and Polypropylene), polyvinyl chloride, and polyethylene terephthalate. Various forms of molding are also available, such as extrusion molding, injection molding, stretch blow molding, and others.
MARKET DYNAMICS
The rising demand from key application markets, including construction, automotive, and packaging, is expected to drive market growth, especially in Brazil, Russia, India, China, and South Africa (BRICS). Moreover, due to the COVID-19 pandemic, demand for various pharmaceutical products, disinfectants, and sanitizers has increased. This, in fact, fuels the market for blow molded plastics in medical applications. Moreover, there is a strong demand for blow molded plastics from medical and healthcare products as well as containers used in FMCG products and consumer goods, which will further propel its market demand. However, factors such as variability in the price of raw materials, strict government regulations on plastics and less acceptance in underpopulated countries are constraining the market growth of plastic molding.
MARKET SCOPE
The "Global Blow Molded Plastic Market Analysis to 2028" is a specialized and in-depth study of the Chemical and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the blow molded plastic market with detailed market segmentation by technology, product, application, and geography. The global blow molded plastic market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading blow molded plastic market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global blow molded plastic market is segmented on the basis of technology, product, and application. On the basis of technology the global blow molded plastic market is segmented into injection blow molding, extrusion blow molding, stretch blow molding, and compound blow molding. Based on product the global blow molded plastic market is segmented into polypropylene (PP), acrylonitrile butadiene styrene (ABS), polyethylene (PE), polystyrene (PS), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and others. Based on application the global blow molded plastic market is segmented into packaging, consumables & electronics, automotive & transport, building & construction, medical, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global blow molded plastic market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The blow molded plastic market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the blow molded plastic market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the blow molded plastic market in these regions.
MARKET PLAYERS
The reports cover key developments in the blow molded plastic market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from blow molded plastic market are anticipated to lucrative growth opportunities in the future with the rising demand for blow molded plastic in the global market. Below mentioned is the list of few companies engaged in the blow molded plastic market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the blow molded plastic market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Magna International, Inc.
- International Automotive Components (IAC) Group
- Inpress Plastics Ltd.
- Comar, LLC
- Rutland Plastics Ltd
- Gemini Group, Inc.
- The Plastic Forming Company, Inc.
- Agri-Industrial Plastics
- Garrtech, Inc.
- Creative Blow Mold Tooling
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.