PE Blow Molded Products Market
PE Blow Molded Products Market (Material: HDPE, LDPE, and LLDPE; and Application: Chemical & Industrial Containers [?200 L and <200 L], Small Bottles, Intermediate Bulk Containers [?1,000 L and <1,000 L], and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Press Release :
Manufacturers Introduce Cost-efficient Blow Molders to Streamline Production Processes
The Europe PE blow molded products market is projected for aggressive growth during the forecast period. Various European countries are streamlining their production activities by adopting recyclable and sustainable solutions. As such, the PE blow molded products market in Europe is expected to reach an output of ~1,600 kilo tons by the end of 2021.
On the other hand, companies in the PE blow molded products market are innovating in cost-effective blow molders to boost credibility credentials in the global market landscape. For instance, in October 2019, manufacturer of next-gen electric machines, Bekum, announced the launch of its new tri-extrusion technology machine for recycling single-origin polyethylene. Introduction of cost-efficient blow molders has helped to significantly reduce manufacturing costs of producing PE containers.
Innovations in extrusion blow molding machines has led to an increase in the production of HDPE bottles in the market for PE blow molded products. As such, in terms of material, the HDPE segment is anticipated to lead the PE blow molded products market during the forecast period.
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Companies Increase Availability of Portable Cargo Organizers for Automotive Aftermarket
Nimble startups are gauging the potential of PE blow molded products to introduce consumer-centric offerings. For instance, in 2018, injection and blow molding services provider, SPI, revealed a new class of portable cargo organizers made from PE panels to suit consumer needs.
Product innovation ideas in PE blow molded products are bolstering credibility credentials of companies in the global market landscape. Thus, companies are collaborating with automotive engineers to develop foldable and portable cargo containers that are replacing conventional cargo boxes. Manufacturers are tapping into opportunities in portable cargo containers that cater to easy ‘remove-and-replace’ attributes of trunk cabs.
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Companies in the PE blow molded products market are collaborating with experts and consultants to improve designs of portable cargo organizers. They are increasing research in product concept engineering to improve design elements. Apart from F&B and chemicals, manufacturers in the PE blow molded products market are making available PE blow molded products for stakeholders in marine, medical, and pet supply industries.
Investments in Software Systems Optimize Product Designs for Large-scale Projects
Extrusion blow molding processes are generating incremental opportunities for manufacturers in the PE blow molded products market. The PE blow molded products market is largely fragmented with local players accounting to ~60-65% of the market share. Thus, manufacturers are investing in software products to gain insights on molding characteristics. They are joining forces with engineers to optimize designs and develop quality containers to gain competitive edge over other players. However, barriers in plastic contouring of heavy parison sections pose as a challenge for manufacturers.
In order to overcome the challenges of plastic contouring in critical areas, manufacturers in the PE blow molded products market are adopting a variety of corner configurations to eliminate the problem. This is being achieved by using software systems that offer insights on product designing. In other ways, companies in the market for PE blow molded products are extending personalized services to stakeholders in the F&B and industrial chemical industries to gain accurate design information to gain large-scale production projects.
Introduction of Circular Economy to Transform PE Blow Molded Products Market
Circular economy and sustainability are some of the key trends that are revolutionizing the market for PE blow molded products. Companies are participating in trade fairs to showcase their innovations in PE blow molded products. For instance, RSH Polymere GmbH - a Germany-based plastic fabrication company demonstrated their innovative coextruded parison recycled polyethylene material used to develop pouch solutions at the 2019 K trade fair.
Companies in the PE blow molded products market are evaluating revenue sources by increasing production capabilities in reusable ‘green’ cups. These cups are made from food-contact approved polyethylene compounds. Thus, manufacturers are collaborating with stakeholders in HoReCa, since there is a growing demand for reusable cups among environment-conscious consumers. Healthy growth of the overall packaging industry in the recent years due to material availability of polyethylene and polypropylene is another key driver for market growth.
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Manufacturers in the PE blow molded products market should leverage opportunities in Asia Pacific, since the region is projected for exponential growth during the forecast period. They should focus on end user needs in the transportation, agriculture, and military industries.
Cargo management system stakeholders are collaborating with blow molding solution providers to offer portable cargo organizers. However, the challenge of determining cost-efficient manufacturing processes acts as a restraint for companies. Hence, companies should increase research in extrusion blow molding, as the technique helps to increase volume production compared to rotomolding and injection molding. Manufacturers should also invest in software systems to develop high-quality containers.
PE Blow Molded Products Market – Scope of the Report
Transparency Market Research’s recent report on the PE blow molded products market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the PE blow molded products market analyzes the scenario for the period of 2019 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the PE blow molded products market also provides data on the developments made by important players and stakeholders in the market, along with competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape.
This study also discusses the underlying trends and the impact of various factors that are driving the PE blow molded products market, along with their influence on the evolution of the market.
This study also offers Porter’s Five Forces Analysis, value chain analysis, and regulatory scenario of the PE blow molded products market in order to elaborate the crucial growth tactics and opportunities for players contributing to the market.
Key Questions Answered in PE Blow Molded Products Market Report
- How much revenue is the PE blow molded products market expected to generate by the end of the forecast period?
- Which region currently accounts for the maximum share of the PE blow molded products market?
- What are the indicators expected to drive the PE blow molded products market?
- Which region is likely to be highly lucrative during the forecast period?
- What are the essential strategies incorporated by key stakeholders in the PE blow molded products market to expand their geographical presence?
- What are the major advancements in the PE blow molded products market?
This report answers these questions about the PE blow molded products market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
PE Blow Molded Products Market: Research Methodology
This TMR report on the PE blow molded products market is based on a complete and comprehensive evaluation of the market, supported by secondary and primary sources. The competitive scenario of the PE blow molded products market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the PE blow molded products market arrived at predictions and estimations, and calculated the forecast for the market.
This report uses an analytical triangulation method to estimate the numbers and figures of the PE blow molded products market with bottom-up and top-down approaches.
This detailed assessment of the PE blow molded products market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the PE blow molded products market is set to grow are based on carefully vetted primary and secondary sources.
PE Blow Molded Products Market: Segmentation
This report on the PE blow molded products market provides information based on material, application, and region.
Chemical & Industrial Containers
Intermediate Bulk Containers
Others (including Toolboxes and Garbage Containers)
Middle East & Africa