Demand Of Blow Molded Containers Would Exhibit Growth At A Value CAGR Of 6% By 2029

Seoul, South Korea, 2022-Jun-15 — /EPR Network/ —

The global food & beverage industry accounts for the lion’s share in the blow molded containers market. The industry has shown fast pace growth in the recent years owing to rise in population and increase in per capita consumer spending, thereby driving expansion in the blow molded containers market. Concerning revenue, the global blow molded containers market is projected to expand at a CAGR of ~ 6% during the forecast period. This notable growth in the blow molded containers market is mainly influenced by its widespread usage in the food & beverage industry. Moreover, blow molded containers is gaining traction in pharmaceutical & medical packaging applications, which further fuels the market growth throughout the forecast period. Furthermore, key players are increasing their business footprint rapidly, which creates lucrative opportunities for the market.

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Fact.MR study also found that companies involved in the blow molded containers market are rigorously investing in the research & development activities and product innovation to expand their product lines. Manufacturers are also expanding their business via organic growth strategies by collaborating with giant industry players and raw material suppliers. Prominent players in the market are mainly focused on the expansion of their production facilities and achieve a global presence. New product launches and technological advancements have also increased in the market, owing to demand for sustainability and mandatory regulations on plastic usage. Moreover, the introduction of advance technologies such as 3D printing and accumulator head blow molding technique are likely to impact the growth of the market.

According to the study, bottles & cans have accounted for approximately 80% of the global blow molded containers market. The rising popularity of single-serve beverages is likely to contribute to the overall demand for bottles & cans. The growing demand for light weight packaging solutions in the beverage industry and increasing usage of PET bottles for hot fill applications are further driving the market. Moreover, the blow molded containers market has become an ideal choice due to the high recyclability of blow molded containers. The rising environmental concerns have led to an increase in demand for recyclable packaging solutions, which in-turn has increased the demand for plastics such as HDPE, LDPE, and PP. HDPE, being one the easiest polymers to be recycled, has a high demand. Therefore, as the world witnesses a rising demand for recyclable packaging solutions, blow molded containers are anticipated to witness increased preference and growth in demand during the forecast period.

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Asia Pacific holds the majority share in the overall market and is expected to retain its status as largest consumer and producer of blow molded containers. China and India, together account for around 65% of the Asia Pacific blow molded containers market, owing to huge population and increase in per capita spending. China, on the premise of self-sufficiency, has planned the expansion of production facilities of polymer material in the coming short-term period. This expansion will bring lucrative opportunity for the local players due to massive availability of raw material at comparatively lower price than other regions. India has become a major hotspot for manufacturers and has witnessed the highest growth. Moreover, emerging economies such as India and Taiwan have already announced the ban of single-use plastics products and amendments in the laws will be applicable in the coming years. India has announced the ban on single-use plastic from October, 2019.

This study underlines key opportunities in the blow molded containers market and finds that the market would exhibit growth at a value CAGR of ~ 6% during the forecast period.

Key players analyzed in the keyword market study:

• Visy Packaging Pty. Ltd.
• C.L. Smith Company
• 3P Gulf Group
• Consolidated Containers Company
• Zhongfu Enterprise Co Ltd.

On the basis of region, the keyword market study contains:

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

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The report covers following Blow Molded Containers Market insights and assessment that are helpful for all participants involved in the Blow Molded Containers market:

• Data on recently introduced regulations and their impact on key industries and on demand in Blow Molded Containers market
• Latest industry Analysis on Blow Molded Containers Market, with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Blow Molded Containers Market and changing consumer preferences in major industries.
• Changing Blow Molded Containers demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Blow Molded Containers major players
• Blow Molded Containers Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
• Blow Molded Containers demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Key Questions in Blow Molded Containers Market Research Report:

1. What are the current scenarios and key trends in the Blow Molded Containers Market Industry?
2. What key strategies are companies adopting to grow their consumer base?
3. What are the key categories and future potential of Blow Molded Containers Market?
4. What are the key Blow Molded Containers Market drivers and what are their projected impacts in the short, medium and long term?
5. What is the size of the Blow Molded Containers Market and what are the opportunities for the key players?

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