Blow-Molded Plastics Global Market Report 2024

Blow molding is a plastic forming technique utilized for creating hollow plastic products from thermoplastic materials. Recognized for its efficiency and versatility, blow molding serves as a rapid manufacturing solution, making it particularly appealing to various industries such as food suppliers, medical and pharmaceutical companies. This method allows for the production of a wide range of customizable items, including bottles, containers, and other plastic products.

The primary types of blow-molded plastics include polypropylene, acrylonitrile butadiene styrene (ABS), polyethylene, polystyrene, PVC, PET, and other variations. Polypropylene, known for its toughness and rigidity, is a crystalline thermoplastic derived from the monomer propane (or propylene). It finds applications in diverse fields such as plastic packaging, machinery and equipment parts, as well as fibers and textiles. The various technologies employed in blow-molded plastics include extrusion, injection, and stretch. The resulting products are utilized across different sectors, including packaging, consumables and electronics, automotive and transport, building and construction, medical applications, and more.

The blow-molded plastics market research report is one of a series of new reports that provides blow-molded plastics market statistics, including blow-molded plastics industry global market size, regional shares, competitors with a blow-molded plastics market share, detailed blow-molded plastics market segments, market trends and opportunities, and any further data you may need to thrive in the blow-molded plastics industry. This blow-molded plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The blow-molded plastics market size has grown steadily in recent years. It will grow from $93.63 billion in 2023 to $97.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth observed during the historical period can be attributed to several factors, including the rise in the packaging industry, the expansion of the automotive and transportation sector, increased demand for consumer goods, government regulations, and a heightened consumer awareness of environmental issues.

The blow-molded plastics market size is expected to see strong growth in the next few years. It will grow to $121.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be attributed to factors such as the expansion of the food and beverage industry, the growth of e-commerce and online retail, the expansion of the construction industry, a heightened emphasis on the circular economy, and overall economic growth. Key trends expected during this period include the increased adoption of sustainable materials, a focus on customization and design innovation, efforts towards lightweighting and material efficiency, the integration of 3D printing and digital manufacturing, and the emergence of smart packaging solutions.

The blow-molded plastics market is anticipated to witness growth, driven by the increased usage of face masks, protective gowns, and packaging bottles for hand sanitizers. The surge in demand for these items, fueled by the COVID-19 outbreak, has led to a heightened need for blow-molded plastics in their production. Face masks, hand sanitizers, and face shields, often purchased in compact, convenient bottles, are manufactured using blow molding techniques that shape hot liquid plastic into hollow objects. Notably, in the first two months of 2020, the market for masks in India, as reported by the All Food and Drug License Holders Foundation (AFDLHF), grew to Rs 4.5 billion ($60 million) from an annual figure of about Rs 2 billion ($26.7 million) in 2019. The increased adoption of these protective measures is poised to drive the growth of the blow-molded plastics market.

The growth of the beverage industry is expected to be a significant driver for the blow-molded plastics market. This global sector encompasses companies selling various beverages, including non-alcoholic and alcoholic drinks. Blow-molded plastics find extensive use in crafting bottles, containers, lids, closures, coolers, transporting cases, and industry drums within the beverage industry. High-Density Polyethylene (HDPE) is a preferred material for these applications due to its versatility, mold compatibility, and chemical inertness. For instance, in the 2021-22 period, total retail sales of alcohol in Australia, according to the RDA Summary Report, were estimated at $16.3 billion, with online sales contributing $2.1 billion or 13% of total sales. This growth in the beverage industry is a driving force behind the expansion of the blow-molded plastics market.

Increased efforts in product Research and Development (R&D) emerge as a prominent trend in the blow-molded plastics market. Companies are investing in R&D to develop new industrial plastics that align with market competitiveness and evolving end-user requirements. As an example, in August 2021, Comar, a U.S.-based manufacturer and designer of innovative plastic solutions, completed the Rancho 2.0 Project, establishing a 230,000-square-foot facility in Rancho Cucamonga, U.S. This facility, compliant with Current Good Manufacturing Practice (cGMP), ISO 13485-certified, and FDA-registered, includes dedicated injection blow molding, injection stretch blow molding, and injection molding cells. The facility also features a full-service mold prototyping lab and specialized mold sample and development machines, enabling customers to efficiently progress from concept to design, prototype, and full-scale production.

Key players in the blow-molded plastics market are directing their efforts towards incorporating innovative technologies, such as the MuCell blow molding technology, to better cater to the needs of their existing consumers. Blow molding, a manufacturing technique for producing hollow plastic components, involves inflating or blowing a thermoplastic melted tube, known as a 'parison,' in the shape of a mold cavity. This process begins with heating the plastic, then stretching it into a parison, which is clamped into a mold. An illustration of this focus on innovation is evident in the actions of Trexel Inc., a U.S.-based company specializing in a technique embedding small gas cells in plastic components. In August 2022, Trexel Inc. introduced the Trexel MuCell foaming solution specifically designed for blow-molded parts across various industries. This method of physical foaming utilizing Trexel's MuCell technology results in a microcellular material structure, offering the potential for substantial density reductions. The uniform cell structure with smaller cell size, in contrast to products manufactured with chemical foaming agents (CFA), enhances mechanical qualities. This advancement allows for the production of larger bottles with more intricate forms.

In October 2021, EFS-plastics Inc., a Canadian post-consumer plastics recycler with a focus on processing bales of low-value plastics, made a strategic acquisition of Exi-Plast Custom Moulding Ltd., a Canadian company specializing in custom plastic molding services, particularly in blow-molded solutions. The acquisition, made for an undisclosed amount, positions EFS-plastics Inc. to directly manufacture finished products using high levels of post-consumer recycled plastic for its customers. This move is indicative of the industry's commitment to sustainability and advancing the use of recycled materials in blow-molded plastic products.

Major companies operating in the blow-molded plastics market include LyondellBasell Industries Holdings B.V., Berry Global Inc., PET All Manufacturing Inc., Inpress Plastics Ltd., The Dow Chemical Company, Comar LLC, Rutland Plastics Ltd., The Plastic Forming Company Inc., Agri-Industrial Plastics Company, Garrtech Inc., North American Plastics Ltd., Creative Blow Mold Tooling Inc., Exxon Mobil Corporation, APEX Plastics Pvt. Ltd., Magna International Inc., International Automotive Components Group Ltd., Custom-Pak Inc., Gemini Group Global Corp., Du Pont De Nemours and Company, Confer Plastics Inc., Blow Molded Solutions LLC, Blue Ridge Industries Inc., GSH Industries Inc., Midwest Plastics Inc., Molded Devices Inc., Mr. Nozzle Inc., Hi-Rel Plastics & Molding Inc., N.E.W. Plastics Corporation, Plastic Technologies Inc.

Asia-Pacific was the largest region in the blow-molded plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blow-molded plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the blow-molded plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The blow molding market consists of sales of compound blow molding and compression blow molding. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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