Blow Molding Plastics Market Analysis, Size Estimation and Forecast 2023Posted by Avinash on February 15th, 2021 Market Overview: Global Blow Molding Plastics Market projected to grow at the significant growth rate in the coming years due to healthy growth in end use industries. Over the past five years, the market has witnessed technological reforms in the manufacturing of Blow Molded Plastics that provides Molded Plastics manufacturers to produce customized products. Moreover, agriculture industry sets a potential growth in this market driven by increasing demand for agriculture films. On the other hand, the key economies in Asia Pacific such as China and India are dealing with the overcapacity of Molded Plastics due to the reduced manufacturing cost. These factors are considered as major restraints over the growth of the Global Blow Molding Plastics Market. Market Segmentation: Global Blow Molding Plastics Market is segmented on the basis of the Type, End Use and Region. Market Segmentation Based on Type includes HDPE, LDPE, PP, PVC, and PET. Polyethylene (PE) has emerged as one of the promising segments by type and dominated the global market as of 2016. Polyethylene growth has been driven by its application in packaging and electrical & electronics industry. Specifically, in food & beverage industry, PE is used for wide packaging applications. Furthermore, PET was the second largest segment and it is anticipated to grow at highest CAGR over the review period. Furthermore, based on End Use Market has been segmented as food processing, construction, automobile, furniture & design, agriculture and others. Food industry followed by construction industry is the largest consumer of Blow Molding Plastics. Since the food & beverages industry is on the rise, it is anticipated to continue its dominance over the forecast period. Specifically, packaging applications in food and beverages is complementing growth in the Global Blow Molding Plastics Market. Over the past few years, agriculture industry is emergently using molding Plastics. Agriculture films are made of LDPE and HDPE, which in turn, has raised the demand for Blow Molding Plastics. This Industry is expected to provide lucrative growth opportunities in the coming years due to huge investment in process from upcoming agricultural projects. Though, the region is anticipated to be growing at a healthy CAGR over the forecast period owing to high consumer awareness and improving lifestyle. Competitive Players: The Key Players in the Global Blow Molding Plastics Market are The Dow Company, Exxon Mobil Corporation, Magna International Inc., IAC Group, Berry Global Inc., Rutland Plastics Ltd., Comar LLC, Inpress Plastics Ltd., and The Plastics Forming Company. Regional Analysis: Global Blow Molding Plastics Market is spanned across Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. As of 2016, Asia Pacific dominated global market both in terms of value and volume. The region accounted for more than one third of the global market share on account of economic reforms in the major economies across the region. Growth in this region was highly attributed to use of Molded Plastics in construction sector such as decoration, electrical wiring, flooring, wall covering and water proofing. North America was the second largest market after Asia Pacific. The flourishing automotive industry has led growth in this market due to the demand for light weight and durable materials. On the other hand, Europe is undergoing sluggish growth due to relatively less industrial output. Access Complete Report @ https://www.marketresearchfuture.com/reports/blow-molding-plastics-market-4718 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Like it? Share it! More by this author |