Blow Molded Plastic Market

Blow Molded Plastic Market Outlook (2023 to 2033)

The global blow molded plastic market is created by the unique manufacturing process of blow molding, usually the procedure for creating hollow plastic parts. The blow molded plastic market is projected to have a CAGR of 7.4% during the forecast period.

The current valuation of the blow molded plastic market is USD 15,775.34 million in 2023. The market value of the blow molded plastic market is anticipated to reach a high of USD 35,096.49 million by the year 2033. A historical CAGR of 6.9% has been recorded by the experts of Future Market Insights for the concerned market.

The blow molded parts are formed from various thermoplastic materials, including polypropylene, polyvinyl chloride, polyethylene, polyethylene terephthalate, polystyrene, and acrylonitrile butadiene styrene, among others.

Attribute	Details
Blow Molded Plastic Market Value (2023)	USD 15,775.34 million
Blow Molded Plastic Market Anticipated Value (2033)	USD 35,096.49 million
Blow Molded Plastic Bottles Projected Growth Rate (2023 to 2033)	7.4%

The bottles in the blow molded forum are produced by the technique in which the plastic is molded with the use of a machine-blowing procedure to form light bottles, jars, and jugs.

The primary types of blow molding procedures that form blow molded plastic bottles are extrusion blow molding, stretch blow molding, compound blow molding, and injection blow molding.

Therefore, the blow molded plastic bottle market is anticipated to have significant growth over the upcoming years due to the rising usage of blow molded bottles in different industry verticals across the globe.

Growth Propelling Aspects in the Blow Molded Plastic Market

The study by Future Market Insights predicts several factors influencing the market growth for blow molded plastic bottles. Let us look at the following aspects bolstering the demand for blow molded plastic bottles.

• Low cost associated with the production and manufacturing process is one of the key aspects of the growth of the blow molded plastic bottle market. The seven layers help in the attainment of rigidity, stability, and compatibility, being the key factors driving market expansion.
• The medical sector is predicted to boost the use of blow molded plastic bottles as they are used for packaging medicines and maintaining quality without damage or degradation.
• The increase in pharmaceutical products has led to an increase in the adoption of blow molded plastic bottles, thereby contributing to the overall growth of the blow molded plastic bottle market.
• The food and beverage industry accounts for over 70% of the global blow molded container market, owing to changing consumer preferences for more eco-friendly and convenient packaging solutions.
• Price reduction serves as another important aspect, coupled with the high use of household products like phenol, acid, etc., that are being used on a large scale and require proper packaging.
• The experts also estimate that regulation and enforcement and regulation laws in the use of plastics have impacted the overall packaging industry, with rising demand for more sustainable solutions, thereby pressurizing the manufacturers to invest heavily in biodegradable and economical packaging solutions.

Factors Curbing the Proliferation of the Blow Molded Plastic Market

Although a plethora of market-driving factors has been identified, it is also estimated that certain factors are likely to impact the market growth in a negative way and slow down the pace of advancement for the blow molded plastic market in the coming years.

• The presence of potential substitutes in the market is likely to curb and hinder the growth of the blow molded plastic market.
• Trends and regulatory policies differ from region to region and are expected to impact the global blow molded plastic market.

Regional Outlook

Analyzing the Market Dynamics for Blow Molded Plastic Market in North America and Europe

Region	North America
Global Market Share	North America is projected to hold a leading share and dominate the global blow molded plastic market from 2023 to 2033. Current Market Share Held: 27%
Factors Propelling Growth	The factors recognized within the North American region that are attributing to the growth of the market are as follows: The rapid expansion of the beverage industry pertains to the strong demand for blow molded plastic bottles in this region. The technological improvements made by the key players of this region to improve product stability and compatibility, along with regulation of moisture barrier requirements, expand the market size for blow molded plastic bottles in North America.

Region	Europe
Global Market Share	Europe is anticipated to hold the second spot in the global blow molded plastic market after North America. This region is likely to have steady and significant growth during the forecast period. Current Market Share Held: 22%
Factors Propelling Growth	The reasons leading to the market size expansion within this region can be identified below: There is high adoption of lightweight, rigid material used for packaging bottles, contributing primarily to the forum propulsion in the European region. Technological advancements and the growth of the food and beverage industry are fueling the adoption of blow molded plastic bottles as consumers in this region are looking for convenient single-use packaged solutions.

Start-up Ecosystem

The new entrants in the blow molded plastic market continually indulge in collaborations and highly invest in research and development activities to provide more convenient and durable low-cost packaging solutions to end users in different industry verticals.

Top Start-ups to Watch For in 2023 to 2033

Silgan Holdings

The company offers rigid packaging for shelf-stable foods and other consumer goods products worldwide. The company's subsidiary, Silgan Plastics, produces and supplies a range of innovative packaging solutions for healthcare, foods and beverages, personal care, industrial chemicals, and household markets.

E2Global

Custom manufacturer of glossy and matte finish blow molded bottles made from polypropylene, polyethylene, LDPE, HDPE, polyethylene terephthalate, polycarbonate, post-consumer resin (PCR), and glass. Available in 5 to 800 mL volumes. Capabilities include glass blowing and injection/extrusion blow molding. This firm provides secondary services such as engineering, designing, and prototyping.

Some other start-ups performing in the blow molded plastic market are FGH Systems Inc., W.R. Kershaw, Inc., Mirage Packing Industries, LLC, and others.

Competitive Landscape

Top Market Players Revolutionizing the Blow Molded Plastic Market

The prominent companies are focusing on organic and inorganic growth strategies such as product launches, product approvals, mergers and acquisitions, partnerships & collaborations, and others such as patents and events. The market players in the blow molded plastic market are anticipated to have lucrative growth opportunities in the coming years.

Three Biggies Stirring the Soup

• Alpha Packaging: Alpha Packaging manufactures bottles and jars made from HDPE, PET, PP, and polylactic acid. The company provides several standard colors for PET and HDPE packaging and specializes in injection blow molding, extrusion blow molding, and injection stretch blow molding. The company serves nutritional, pharmaceutical, consumer chemicals, personal care, and food and beverage markets.
• Apex Plastics: APEX Plastics produces a range of blow molded bottles, containers, and specialty parts in several sizes that can hold content ranging from 2 to 128 ounces. The company specializes in proprietary and custom blow molded bottles, containers, and shapes. In March 2016, the company purchased and installed a new extrusion blow molding machine in its facility in Missouri, United States.
• Sidel: Sidel provides equipment for blowing machines, labeling machines, filling machines, blowing-filling-capping systems, complete lines, and end-of-line solutions. In May 2016, the company collaborated with Brazilian oil producer Algar Agro to produce the lightest 900 ml PET bottle for the edible oil industry with a reduction in weight by 22%.

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 USD 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.

Key Players in the Market are

• Alpha Packaging
• Amcor Limited
• APEX Plastics
• Berry Plastics Corp.
• First American Plastic
• Graham Packaging Co.
• HTI Plastics
• Milacron
• Plastipak Holdings
• Sidel

Report Scope

Attribute	Details
Growth Rate	CAGR of 7.4% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Polymer, Application, Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa
Key Countries Profiled	The United States, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa
Key Companies Profiled	Alpha Packaging; Amcor Limited; APEX Plastics; Berry Plastics Corp.; First American Plastic; Graham Packaging Co.; HTI Plastics; Milacron; Plastipak Holdings; Sidel
Customization	Available Upon Request

Key Segments in the Blow Molded Plastic Market

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

Frequently Asked Questions

What is the Growth Potential of the Market?

The growth potential of the market is 7.4% through 2033.

Which Region Holds High Lucrativeness?

North America is projected to emerge as a lucrative market.

What Limits the Growth Potential of the Market?

The presence of potential substitutes in the market limits the market.

What Leads to Growth in Europe?

Technological advancements and the growth of the industry are fueling Europe’s market.

What Drives Sales in the Market?

An increase in pharmaceutical products has led to an increase in sales.