Blow Molded Plastics Market Quantitative Analysis Current and Future Trends 2025

The global blow molded plastics market size was over 68.10 million tons in 2016. Growing demand from key application markets including construction, automotive, and packaging, particularly in BRICS (Brazil, Russia, India, China, and South Africa), is expected to drive the market over the forecast period.
Government provision in the form of financial incentives and tax benefits, in countries such as China and India, to increase the FDI flow has helped in developing the market for plastics. These regions also offer low-cost labor, which further helps in reducing the overall manufacturing cost for producers. However, this shift has resulted in an overcapacity of various plastic products, thereby affecting their prices.
U.S. blow molded plastics market volume, by technology, 2014 - 2025 (Kilo Tons)
U.S. blow molded plastics market
There has been a surge of capacity addition in high growth regions such as the Middle East and Asia Pacific over the last few years. These regions are creating a consistent demand for these types of plastics in addition to helping in reducing the overall manufacturing cost.
Manufacturers are demanding machines that can deliver higher accuracy, greater cost efficiency, and maximum flexibility to offset the significantly rising cost of production from several demanding application sectors such as packaging, automobile, medical, electronics, and construction.
The innovation of new machines such as EBLOW (the newest EBLOW 37), which is an energy-efficient blow molding equipment developed specially for manufacturing canister, has helped the packaging industry. The main benefit of this technology is that it can be combined with the advantages of using the BA 34.2 hydraulic canister machine to offer a technological, economical, and attractive solution for producing articles between 10-35L.
Majority of the domestic market in Asia Pacific and the Middle East is unregulated and unorganized with several small and medium chain custom fabricators. The rapid expansion of producers has been posing a threat to large multinational corporations operating in the global market. They pose a challenge to the MNCs in terms of low-cost technology and price offering, thereby creating a gap in prices in the global market.
Volatility in the prices of key raw materials along with increasing concerns for environmental pollution regarding disposal of these products is anticipated to restrict industry growth over the forecast period. In order to overcome such challenges, the industry has shifted its focus toward developing blow molded plastics using bio based plastics. Major plastic manufacturers have been forming joint ventures and collaborating with biotechnology companies to synergize their functions for manufacturing bio based plastics.
Further key findings from the report suggest:
  • The global blow molded plastics demand was 68.13 million tons in 2016 and is estimated to grow at a CAGR of 3.6% from 2017 to 2025
  • Polyethylene was the largest product segment in 2016. PE compounds are dominantly used across various industries and have been an integral material for packaging industry. Apart from the packaging sector, the UHMWPE finds application in manufacturing high performance medical devices
  • Acrylonitrile butadiene styrene (ABS) to emerge as the fastest growing product segment owing to increasing demand form the automobile industry
  • Asia Pacific accounted for over 30% of the overall volume in 2016. China blow molded plastics market to witness a growth of 6.1% to reach a net worth of USD 30.62 billion by 2025.
  • Major resin manufacturers currently operating in the market include Dow Chemical Company, Sabic, ExxonMobil, LyondellBasell and Sinopec. They account for less than 40% of the overall global annual output
  • Favorable federal regulations by agencies such as EPA, NHSTA, CARB, and SEPA regarding carbon emissions along with EU initiatives to develop blow molding applications for manufacturing light and fuel-efficient cars are likely to boost global market growth
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Info: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Head Guards Market is Expected to Witness a Steady Growth by 2028

Market Overview Safety equipment plays an important role in protecting sports enthusiasts from various injuries. Head guard is the key protection equipment widely used in games like boxing, baseball and rugby. This equipment has gained traction among athletes from amateur to professional players in both, national and international competitions. Rising number of national and international sports competitions globally, the demand for head guards has surged, which will in turn increase the volume of head guard sells from retail outlets to the company online sales channel. Many sports associations such as World Rugby, International Baseball Federation and World Boxing Association have necessitated the use of head guards for players in sports matches. In baseball alone, there are over 35 million players at different levels, and the U.S. houses close to 14 million amateur and professional players. This massive number of participants in baseball creates a significant customer base for h...
Read more

Die Cut Box Market to Witness an Outstanding Growth by 2028

Die Cut Box Marke t: Overview Die cut box is an innovative packaging solution for multiple end-use sectors. Growing need for fast moving consumer goods, ingenious packaging formats from design, and size perspective,  die cut box continues to offer an advantageous edge in product positioning. Die cut box allows the leading brands and manufacturers to integrate novel design elements, which in turn assures a higher threshold of customer acquisition viz.a.viz. effective branding and marketing. Besides industry specific drivers and trends, macroeconomic factors will also continue to influence demand for the die cut box across industries. Such factor include but aren’t limited to per capita disposable income, food retail sector growth, modern retail establishment growth etc. Outpacing growth in the e-commerce sector has gained traction for the corrugated packaging industry. Die cut box cost wouldn’t be a big burn to the pocket of die cut box manufacturers despite the re-usability of ...
Read more

Gynaecological Cancer Drugs Market Accounting US$ 41,855.8 million by 2026

The new report by Persistence Market Research (PMR) expects the global gynaecological cancer drugs market to witness significant growth, registering 6.2% CAGR during the forecast period. The global gynaecological cancer drugs market is also expected to bring in US$ 41,855.8 million revenue by the end of 2026. Treatment of cancer is being increasingly focused on be leading pharmaceutical companies, researchers, healthcare institutes and governments of various countries. With increasing number of research and development activities in cancer treatment, especially in gynaecological cancer treatment, new treatments are reaching an increasing number of physicians faster than ever. Also, availability of advanced treatment options and drugs has resulted in the decline in cancer mortality rate across major developed countries. However, the scenario is not same in the developing nations. This is due to the high cost of cancer treatment and lack of availability of new treatments. Gynaecologi...
Read more