Global Large Blow Molded Products Market, By Type (Polyethylene [PE], Polypropylene ([PP], Polycarbonate [PC], Polystyrene [PS], Polyethylene Terephthalate [PET], Polyvinyl Chloride [PVC], Nylon [PA], Acrylonitrile Butadiene Styrene [ABS], Others), Process (Extrusion Blow Molding, Injection Blow Molding, Stretch Blow Molding) End Use (Automotive, Medical, Packaging, Electronic Appliances, Industrial Bulk Containers, Plastic Drums, Storage Tanks, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The large blow molded products market is undergoing tremendous transformation due to 3D blow molding and automation. In addition, the large blow molded product manufacturers are cross training their personnel at all levels to ensure that each employee is able to optimize their skills. Also the blow molding allows for simple and cost-effective component manufacture and the mass production of vehicle parts aids market expansion. Consequently, the market is projected to show favorable growth over the forecast period due to these determinants.
Global Large Blow Molded Products Market was valued at USD 1759.50 million in 2021 and is expected to reach USD 2316.93 million by 2029, registering a CAGR of 3.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Polyethylene [PE], Polypropylene ([PP], Polycarbonate [PC], Polystyrene [PS], Polyethylene Terephthalate [PET], Polyvinyl Chloride [PVC], Nylon [PA], Acrylonitrile Butadiene Styrene [ABS], Others), Process (Extrusion Blow Molding, Injection Blow Molding, Stretch Blow Molding) End Use (Automotive, Medical, Packaging, Electronic Appliances, Industrial Bulk Containers, Plastic Drums, Storage Tanks, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Agri-Industrial Plastics (U.S.), APEX Plastics (U.S.), Comar (Ireland), Haldia Petrochemicals Limited (India), Creative Blow Mold Tooling (U.S.), Custom-Pak, Inc (U.S.), Exxon Mobil Corporation (U.S.), Garrtech Inc. (Canada), Gemini Group Inc. (U.S.), Inpress Plastics Ltd. (U.K.), North American Plastics (U.S.)and PET ALL Manufacturing Inc., (Canada), INEOS AG (U.K.), Solvay (Belgium), Eastman Chemical Company (U.S.), China National Petroleum Corporation (China), Formosa Plastics Corporation (U.S.), Westlake Corporation (U.S.) and Lyondellbasell Industries Holdings B.V. (U.K.)
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Market Opportunities
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Market Definition
Large blow molded products are produced by extruding a thermoplastic molten tube into complicated and complex shapes. Lubricants, impact modifiers, acrylic process aids, and thermal stabilizers are used in their manufacturing process. Blow-molded plastics are increasingly being used to make gallon drums and vehicle fuel tanks due to their excellent impact strength, flow, and temperature stability. They are also gaining ground in the food and beverage (F&B) business, where they're being used for packaging a variety of foods and beverages in bottles. Large blow molded products are odourless and toxin-free, with outstanding clarity, water resistance, and electrical insulation.
Large Blow Molded Products Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Utilization of Large Blow Moulded Products
The large blow molded products are used for manufacturing electronic components for air conditioners, household appliances, workplace furniture, and sports arenas. Also, surge in need for various pharmaceutical products, disinfectants, and sanitizers due to the prevalence of COVID-19 further accelerates market growth. Aside from that, increased demand for high-end toys, leisure sailboards, canoes, and sports equipment is expected to propel the industry forward. Moreover, their outstanding characteristics, such as water resistance, durability, light weight, and energy saving, are expanding their uses in the construction, pharmaceutical, and personal care industries. Consequently, their high usage across the end-use industries largely propels market growth.
Furthermore, the emergence of new players in the market and rising collaborations will further propel the growth rate of the large blow molded products market. Additionally, the rising personal disposable income will also drive market value growth.
Opportunities
- Investments and implementation of Antistatic Additives
Furthermore, the investments in high-tech extrusion large blow molding machines extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the manufacturers are implementing antistatic additives on the outer layer of HDPE large blow molded products due to surge in fire safety will further expand the future growth of the large blow molded products market.
Restraints/Challenges
- Dearth of Uniform Directions
The lack of uniform directions pertaining to applications of big blow molded items is expected to stymie the growth of the large blow molded products market.
- Compliance with Stringent Laws
The use of large blow molded items is governed by different directives and laws in each country. Compliance with these country-specific guidelines and legislation is tough for businesses. This could deter investment in the big blow molded products market, putting a cap on the worldwide market. Therefore, this will challenge the large blow molded products market growth rate.
This large blow molded products market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the large blow molded products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Large Blow Molded Products Market
The outbreak of coronavirus had a postive impact on the large blow molded products market, as massive demand and supply swings influence used machine pricing, such dynamics are contributing to the expansion of the large blow moulded products market. During the ongoing pandemic, growing demand for hand sanitizers, glycerin, and cleaning solutions, among other things, is helping to market growth. Moreover, the growing need for hand gels, food-grade barrels, laboratory consumables, and industrial-size disinfectants is bolstering market expansion.
Global Large Blow Molded Products Market Scope
The large blow molded products market is segmented on the basis of type, process and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polyethylene [PE]
- Polypropylene ([PP]
- Polycarbonate [PC]
- Polystyrene [PS]
- Polyethylene Terephthalate [PET]
- Polyvinyl Chloride [PVC]
- Nylon [PA]
- Acrylonitrile Butadiene Styrene [ABS]
- Others
Process
- Extrusion Blow Molding
- Injection Blow Molding
- Stretch Blow Molding
End Use
- Automotive
- Medical
- Packaging
- Electronic Appliances
- Industrial Bulk Containers
- Plastic Drums
- Storage Tanks
- Others
Large Blow Molded Products Market Regional Analysis/Insights
The large blow molded products market is analysed and market size insights and trends are provided by country, type, form and application as referenced above.
The countries covered in the large blow molded products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to their increasing employment in a wide range of applications within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing usage across food and beverage (F&B) industry and boost in sales of electronics in the emerging markets economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Large Blow Molded Products Market Share Analysis
The large blow molded products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to large blow molded products market.
Some of the major players operating in the large blow molded products market are
- Agri-Industrial Plastics (U.S.)
- APEX Plastics (U.S.)
- Comar (Ireland)
- Haldia Petrochemicals Limited (India)
- Creative Blow Mold Tooling (U.S.)
- Custom-Pak, Inc (U.S.)
- Exxon Mobil Corporation (U.S.)
- Garrtech Inc. (Canada)
- Gemini Group Inc. (U.S.)
- Inpress Plastics Ltd. (U.K.)
- North American Plastics (U.S.)
- PET ALL Manufacturing Inc., (Canada)
- INEOS AG (U.K.), Solvay (Belgium)
- Eastman Chemical Company (U.S.)
- China National Petroleum Corporation (China)
- Formosa Plastics Corporation (U.S.)
- Westlake Corporation (U.S.)
- Lyondellbasell Industries Holdings B.V. (U.K.)
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