Blow Molded Plastics Market: Introduction

  • Blow molding is a method of producing empty plastic parts by forming and gluing them together. It is also used in the manufacturing of glass bottles and other empty containers. In general, there are three main types of blow formations: extrusion blow formation, injection blow formation, and injection stretch blow blowing. Blow molding plastic is made of polyethylene, polypropylene, polyvinyl chloride, and polyethylene terephthalate, etc. Molded plastics are blown into molding processes in which empty plastic products are formed.

Blow Molded Plastics Market: Key Drivers

  • Growing demand for plastics manufactured for medical applications worldwide serves as one of the major factors driving the growth of the molded plastics market. Increasing demand for various pharmaceutical products, antibiotics, and sanitizers as well as further research and development is propelling the demand for the product in the market. Increased demand from key application sectors including construction, automotive, and packaging, as well as significant demand for machinery that can bring high accuracy, cost efficiency, and greater flexibility to reduce the rising production costs among manufacturers impacts the market. Rapid industrial development and social construction has a positive impact on the growth of the packaging industry. FMCG industries and increased use of plastic parts in consumer electronics have a positive impact on the molded plastics market. In addition, the continued practice of using plastics in home care products is likely to increase the profit potential for market players in the near future.
  • The need for a compound blowing method is largely driven by the automotive industry as this method is used to produce highly customized car parts. The growing demand for lightweight special car parts for OEM markets is estimated to guide future demand for blow molded plastics in the market.

Blow Molded Plastics Market: Key Opportunity

  • In addition to flexible packaging, blow molded plastics have a clear application in the solid packaging of PP bottles of mineral water and edible oils. It is also used in automobiles, consumer goods such as furniture, appliances, luggage, and other applications. Many car manufacturers opt for plastic car parts, which enables cheaper production and increases the company's profit margins.

Blow Molded Plastics Market: Key Restraints

  • Volatility in the prices of raw materials and availability of substitutes are expected to hamper the growth of the blow molded plastics market. Strict rules are expected to challenge the plastic market in the future.

APAC the Leading Market for Blow Molded Plastics

  • By region, the global industrial blow molded plastics market is classified into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
  • Asia Pacific is the dominant blow molded plastics market. The positive economic scenario and the emergence of a few domestic producers with sound technical expertise at low cost compared to the mature economies of Europe and North America have helped drive the market. China, a major product manufacturing country, has experienced explosive expansion in industries that use compacted plastic compounds. This also helps the APAC market flourish. China's packaging sector is predicted to grow at a rapid pace. This uptick in the packaging business is projected to boost consumer demand.
  • Key Players Operating in the Blow Molded Plastics Market:

Some of the Major Companies Identified in the Global Blow Molded Plastics Market are:

  • Agri-Industrial Plastics
  • Chevron Phillips Chemical Company LLC
  • Comar, LLC Rutland Plastics Ltd.
  • Creative Blow Mold Tooling
  • Exxon Mobil Corporation
  • Garrtech, Inc.
  • Gemini Group, Inc.
  • Inpress Plastics Ltd.
  • International Automotive Components (IAC) Group
  • Magna International, Inc.
  • The Plastic Forming Company, Inc.

Global Blow Molded Plastics Market: Research Scope

Global Blow Molded Plastics Market, by Type

  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Polyethylene Terephthalate
  • Other (Acrylonitrile Butadiene Styrene (ABS), Polystyrene etc.)

Global Blow Molded Plastics Market, by End-users

  • Packaging
  • Consumables & Electronics
  • Automotive & Transport
  • Building & Construction
  • Medical

Global Blow Molded Plastics Market, by Technology

  • Extrusion Blow Molding
  • Injection Blow Molding
  • Stretch Blow Molding
  • Compound Blow Molding

Global Blow Molded Plastics Market, by Distribution Channels

  • Direct
  • Indirect

Global Blow Molded Plastics Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Blow Molded Plastics Market