The global blow molded bottles market size is estimated to reach a valuation of USD 94.6 billion by the end of 2023. Furthermore, the global sales of blow molded bottles are expected to accelerate at a CAGR of 4.8% from 2023 to 2033. The global blow molded bottles market is expected to create a market opportunity of USD 151.2 billion by the end of 2033.
Increasing capacity addition activities in high-growth regions, including Asia Pacific and the Middle East & Africa is a key factor that might drive the market. These regions are anticipated to create a consistent demand for blow molded bottles in addition to lowering the overall manufacturing cost.
Several manufacturers are looking for new machines that can provide maximum flexibility, greater cost efficiency, and high accuracy to accelerate the constantly surging cost of production from numerous demanding application industries such as food & beverage and pharmaceuticals.
Increasing demand for the extrusion blow molding technology across the globe owing to its relatively low cost, as compared to injection blow mold is set to aid growth. Further, the technology also requires low pressure and makes molding external threads easy.
Injection blow molding, on the other hand, helps in manufacturing complex products in various shapes and designs that could be otherwise difficult or impossible with other technologies. The process further allows organizations to surge their production output in a short period along with flexibility in terms of materials and design.
| Attribute | Details |
|---|---|
| Global Blow Molded Bottles Market Valuation in 2022 | USD 90.3 billion |
| Estimated Global Market Share in 2023 | USD 94.6 billion |
| Forecasted Global Market Size by 2033 | USD 151.2 billion |
| Projected Global Market Growth Rate from 2023 to 2033 | 4.8% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 4.2% CAGR |
| Collective Value Share of 3 Top Performing Countries in 2022 | 35% to 45% |
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The global blow molded bottles market registered a CAGR of 4.2% during the historic period of 2018 to 2022. As per FMI, the market reached around USD 90.3 billion by the end of 2022. Extrusion, injection, and injection stretch blow molding are the three primary categories of blow molding techniques.
Increased demand from the packaging industry is a key driver fueling growth in the global blow molded bottles market. Furthermore, the market is projected to have profitable growth prospects due to the expanded application range and rising demand from emerging nations.
The market for blow molded bottles has expanded significantly as a result of the rising demand for pharmaceutical products, which has increased the use of these bottles. Additionally, the low cost of blow molded bottles is set to create a sizable market potential for leading players worldwide.
High Demand for Sustainable Packaging Solutions to Boost Blow Molded Bottles Market
Key participants in the global market are concentrating on product innovation, technological breakthroughs, and the adoption of recyclable & environment-friendly packaging options. They can adapt to the constantly shifting dynamics of the packaging sector, which is constrained by a variety of norms.
Regulation and enforcement of laws regarding the use of plastics have had a negative impact on the packaging industry as a whole. These laws call for sustainable packaging solutions, which puts pressure on manufacturers to make significant investments in the creation of biodegradable and affordable packaging solutions.
As per FMI, global demand for applications of sustainable food & beverage packaging is likely to increase. Further, the expansion of new markets, changes in consumer preferences, and the development of retail & e-commerce channels have all contributed to notable growth of the global market.
Increasing Need for Ready-to-eat Food Items to Push Sales in the Blow Molded Bottles Market
The global market is dominated by the food and beverage industry and it holds over 70% of the share due to shifting customer preference for practical and environment-friendly packaging options. Also, fast-paced consumer lifestyles are driving the demand for packaged, ready-to-eat, and simple-to-make foods & beverage bottles. Sustainable food packaging solutions are required due to dietary changes and rising demand for convenience globally.
Different consumer preferences have led to the development of a wide range of products and constant innovation in the food and beverage industry. The shelf life of food products can be extended by using blow-molded bottles, which also ensure their safety during transportation. In addition, blow-molded bottle producers are anticipated to benefit from the phenomenal rise of the food sector and the high flexibility of plastic packaging solutions.
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According to the Information Technology and Innovation Foundation’s Report, the United States is making huge technological innovations in terms of product variety to increase production in the packaging industry as e-commerce, which has exhibited tremendous growth. The United States packaging market has encouraged manufacturers to launch new innovative bottles to increase sales of blow molded bottles.
Surging demand for e-commerce is also helping the packaging industry to expand significantly in the country, which could contribute to growth in the market for blow molded bottles. Thus, the United States' blow molded bottles market is expected to witness a CAGR of 4.0% in the forecast period.
According to the Department of Pharmaceuticals, the Indian pharmaceutical sector is the third-largest by volume and fourteenth-largest in terms of value. As the pharmaceutical segment grows, the need for cost-effective solutions is also set to surge. Hence, blow molding is relatively low-cost, as compared to injection molding. Hence, India’s blow molded bottles market is expected to create an incremental opportunity of USD 6.1 billion by 2033.
Renowned Manufacturers to Extensively Utilize Plastic Bottle Molds
The plastic segment based on material is expected to account for a notable share and develop at a CAGR of 4.6% during the forecast period. Growth is attributed to the increasing utilization of different types of plastics like polystyrene in the packaging industry.
Low-density polyethylene offers the efficiency of the fuel and helps in improving the performance of machinery, which further aids in decreasing carbon emissions. Moreover, key players in the packaging sector are gradually replacing metal and glass with plastic to reduce the overall weight of the finished product and cut off carbon emissions.
Laws implemented by various governing organizations to reduce carbon footprints through weight reduction are expected to strengthen the segment. Similar initiatives combined with evolving technologies are also expected to boost the demand for plastic materials.
Food and Beverage Companies Are Looking for Bottle Molding Machines
Based on end use, food & beverage is the leading segment in the global blow molded bottles market. The segment is expected to reach a valuation of USD 58 billion by the end of 2033, reports FMI.
Blow-molded bottles are likely to exhibit high demand worldwide, with significant growth in the consumption of packaged food & beverages. Consumers have become particular about the packaging of their food items to ensure safety. Blow molded bottles are perfect when it comes to the safety of the ingredients present in the product. These factors are estimated to drive the segment in the market for blow molded bottles in the upcoming decade.
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Key players in the blow molded bottles market are expanding their production capabilities by strategically attending events and conferences to meet the growing demand. They are also entering into new deals by engaging in mergers and collaborations to strengthen their position in the market.
Some of the other companies are investing huge sums in research & development activities to accelerate innovation and technological development for upgrading their products with additional features.
Recent Developments in the Market
Expand aggressively while ensuring sustainability - this seems to be the mantra for blow molded bottle manufacturers. Plastipak, RETAL, and Amcor are the three most prominent blow molded bottle manufacturers. They are ensuring to consolidate their position without losing sight of their sustainability goals.
Plastipak is on an expansion spree, opening new manufacturing units and expanding the existing ones. However, concurrently, it is focusing on how new bottles can be manufactured from solid waste. For instance,
Plastipak is considered to be the leading manufacturer of bottle-grade recycled PET in Europe. The company's annual production of recycled PET in the region is a whopping 130,000 tons, thereby putting it at the forefront of sustainability initiatives in the bottle manufacturing space.
The company announced the expansion of its North Texas manufacturing facility, increasing it by over 70,000 square feet. It has a strong presence all over the globe and is set to further bolster its position in the next decade.
Amcor, on the other hand, is focusing on accelerating cutting-edge innovation that paves the way for recycling on a mass scale to drive its sustainability initiatives. It is investing mainly in innovative techniques and equipment to bolster its perception among consumers and regulatory bodies. For instance,
Amcor launched PowerPost, an advanced light-weighting technology that enables bottle manufacturing with 100% sustainable materials. The company also announced that it is going to make all its packaging recyclable by 2025.
Sustainability and recycling initiatives are key priorities for RETAL as well. Side by side, the company is focusing on reducing its production costs by experimenting with 3D technology. For instance,
RETAL is also focusing on increasing its total production capacity of various types of bottles. The company announced in 2021 that it is going to double its PET preform production in Donora to 2 billion. It also declared that its staff may be increased by over 40%.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 90.3 billion |
| Projected Market Valuation (2033) | USD 151.2 billion |
| Value-based CAGR (2023 to 2033) | 4.8% |
| Historical Data Available for | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value in USD billion |
| Segment Covered | Capacity, Material, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa (MEA) |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | 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 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The global blow molded bottles market is estimated to have a market opportunity of USD 151.2 billion by the end of 2033.
In 2023, the market is going to generate USD 176 million in sales.
By 2033, the global market is going to be worth USD 421.6 billion.
The market is expected to evolve at a 9.9% CAGR through 2033.
The market in the United States is projected to continue to grow at a CAGR of 4.0% during the forecast period.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 5.1. Below 100 ML 5.2. 100-500 ML 5.3. Above 500 ML 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Plastic 6.2. Glass 6.3. Metal 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. End Use 7.2. Food & Beverage 7.3. Cosmetics & Personal Care 7.4. Homecare 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. ALPHA Packaging 18.2. Millet Plastics Inc. 18.3. Zhongshan Boyu Precision Mould Manufacturing Co., Ltd 18.4. APEX Plastics 18.5. Valencia Plastics, Inc. 18.6. USA Pack Group 18.7. Urola Packaging 18.8. Robinson plc 18.9. Gil Pack 18.10. PET Blow Molding 18.11. S.I.P.A. S.p.A 18.12. Rosti Group AB 18.13. Berry Global 18.14. O.BERK 18.15. Retal Industries Ltd 18.16. Grief Inc 18.17. Visy 18.18. Garrtech Inc 18.19. Graham Packaging Co 19. Assumptions & Acronyms Used 20. Research Methodology
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Blow Molded Bottles Market
