Pune, December 12, 2019 (GLOBE NEWSWIRE) – The global Blow molded plastics market is expected to reach $ 105.75 billion by 2026, representing a CAGR of 4.7% over the forecast period. Some of the main applications for blow molded plastics are transportation, packaging, construction, electrical and electronic, consumer products, and others. Blow molded plastics are mainly used in the packaging industry because of their numerous properties such as heat resistance and light weight. It’s the perfect material for packaging. The packaging segment accounted for 48.98% in 2018 and is expected to grow significantly. The blow molded plastics are in considerable demand in the building and construction industries because of applications such as pipes and fittings, wire and others. The increasing uses of blow molded plastics will fuel the trends in blow molded plastics in the years to come.
According to the report, published by Fortune Business Insights ™ in a report entitled “Blow Molding Plastics Market Size, Share, and Industry Analysis by Resin (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), and Others)”) , by molding process (extrusion blow molding, injection blow molding, stretch blow molding, rotary blow molding and others), by application (transportation, packaging, building and construction, electrics and electronics, consumer goods and others) and regional forecast, 2019-2026 ” The market was valued at $ 73.66 billion in 2018. The report offers valuable insight into all of the predominant trends of the global Blow Molding Plastics market size. It provides a comprehensive overview of all segments and offers analytical statistics on the various market regions. It is created after extensive research and subsequent full analysis to assist companies, stakeholders, financiers and potential investors. It is designed to provide a vivid representation of market size. In addition, it also contains the latest advances and developments, product launches, acquisitions, collaborations and partnerships, and others.
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List of major companies in the Blow Molded Plastics Market Include;
- Apex plastics
- Inpress Plastics Ltd.
- International Automotive Components Group
- Garrtech, Inc.
- Berry Global, Inc.
- Pet All Manufacturing, Inc.
- Magna International, Inc.
- Berry Global, Inc.
- Comar, LLC
- Rutland Plastics Ltd.
- The Plastic Forming Company, Inc.
- Agro-industrial plastics
- Creative blow molding tools
- North American Plastics, Ltd.
- INEOS group
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Acquisition of MHT Holding AG by Krones enables rapid growth
Growing government support for recycling and reusing plastic to clean up pollution and landfills will allow the market to grow. This factor will create lucrative opportunities for plastics manufacturers and recyclers in the future. In addition, in November 2018 Krones, a manufacturer of filling and packaging systems that also includes blow molding machines, took over MHT Holding AG, a tool and hot runner supplier for PET, based in Germany. This acquisition was made to expand the company’s PET value chain to meet increasing customer demand. The acquisition between the companies should support the healthy growth of the market in the foreseeable future.
In addition, IntraPac International Corporation’s acquisition of Quality Plastics, LLC is expected to increase the market share of blow molded plastics over the forecast period. For example, IntraPac International Corporation, a manufacturer of rigid packaging solutions, acquired Quality Plastics, LLC, a manufacturer of custom extrusions into containers, based in Arizona. With this takeover, IntraPac will further expand its production presence on the west coast and expand its product range to include the segment of high-density polyethylene bottles.
Growing demand for ready-to-eat packaged foods to support growth in Europe
North America had sales of $ 13.57 billion and is expected to grow strongly over the forecast period due to the presence of key players in the region. The blow molded plastics market in Europe is expected to experience high growth in the coming years. The increasing demand for ready-to-eat packaged foods and beverages will make a positive contribution to market growth. In addition, the increasing use of blow molded plastics for drinking water and juice bottles is another factor for the market in Europe. Latin America, the Middle East and Africa are expected to grow more slowly in market value compared to other regions due to the region’s lower blow molded plastics manufacturing capacity combined with the small population.
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Detailed table of contents:
- Scope of research
- Market segmentation
- Research methodology
- Definitions and Assumptions
- Market dynamics
- Market leader
- Market restrictions
- Market opportunities
- Important findings
- Important industry trends
- Overview of the global production of blow molded plastics
- Global Blow Molded Plastics Market Analysis, Insights, and Forecasts, 2015-2026
- Main results / summary
- Market analysis, insights and forecasts – by type
- Polyethylene terephthalate (PET)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl chloride (PVC)
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Market analysis, insights and forecasts – according to the shaping method
- Extrusion blow molding
- Injection blow molding
- Stretch blow molding
- Rotary blow molding
- Market analysis, insights and forecasts – by application
- Building & Construction
- Consumer products
- Market analysis, insights and forecasts – by region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Table of contents continued…!
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