Blow Molded Plastic Bottles Market: Overview
Blow molded plastic bottles are produced by a technique which involves molding of plastic with the use of machine blowing procedure in order to form light weight jars, bottles and jugs. The molding process is done by blow molding technique which is used on different plastics such as PET (polyethylene terephthalate), PE (polyethylene) and HDPE (High Density Polyethylene) to obtain molded plastic bottles. This needs a multi-layer technology in order to improve product compatibility and stability and regulate moisture barrier requirements. Stretch blow molding, compound blow molding, extrusion blow molding and injection blow molding are few of the molding processes used to mold plastic. Out of these, extrusion blow molding is a more common yet simple process of plastic molding which includes a hot tube which contains the plastic material positioned in the mold. A molded shape is formed after air is blown from the top. The freezing of material takes place as soon as the hot tube containing the plastic reaches the mold and a rigid structure or shape is formed.
Blow Molded Plastic Bottles Market: Growth Propelling Aspects
Low cost is one of the major aspects of growth of the blow molded plastic bottles market. The seven layers help in obtaining compatibility and rigidity along with stability which is a key factor driving the growth of the market. The blow molded plastic bottles have demand in the medical sector as they can be used to package medicines and maintain the quality of the medicines without them being adulterated or damaged. The increase in the 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 bottles market. To add to this, price reduction is another important aspect. Household products like acids, phenol etc., are used on a very large scale and they require proper packaging. This is another factor contributing to the blow molded plastic bottles market growth. The cost of production is also less and wide molds can be used to prepare bottles of varying sizes.
Blow Molded Plastic Bottles Market: Material and End Use
The blow molded plastic bottles are made from different material based on the type of polymer. To name a few, materials such as polyethylene (PE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polyethylene naphthalate, low and high density polycarbonate, polypropylene (PP), butadiene-styrene and polysulfone are used. The blow molded plastic bottles are widely used in different industries such as automobile, pharmaceutical, dairy, food and beverage etc.
Blow Molded Plastic Bottles Market: Geographical Landscape
The geographies covered in the global blow molded plastic bottles include North America, Europe, APAC and rest of the world (Middle East and Africa). North America witnesses higher market share and is followed by Europe owing to higher demand of blow molded plastic bottles. APAC region is expected to experience higher growth rate due to higher demand for household products. Middle East and Africa are poised to reflect steady growth during the forecasted period.
Blow Molded Plastic Bottles Market: Competitive Landscape
The major companies involved in the global blow molded plastic bottles are Alpha Packaging, Silgan Holdings, HTI Plastics, Milacron, Berry Plastics Corp., First American Plastic, Amcor Limited, Sidel, Plastipak Holdings, APEX Plastics, Graham Packaging Co., Sonoco and Streamline Plastic.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.