Blow Moulding Market Size & Analysis - Forecasts To 2025 By Technology (Injection, Extrusion, Stretch, Compound, Others), By End-use (Packaging, Consumables & Electronics, Automotive & Transport, Building & Construction, Medical, Others), By Region (North America, Europe, Asia-Pacific, Central & South America, Middle East & Africa), Vendor Landscape, End-use Landscape, and Competitive Landscape - Global Market Estimates
Blow Moulding Market Insights
The global adoption of blow molding technology is anticipated to grow exponentially over the coming years. The high demand for plastics that are recyclable in nature is expected to boost the demand for blow molding machineries over the coming years. The growing automotive, building & construction, and packaging industry is projected to foster market demand over the forecast period.
Blow Moulding Market: Technology Insights
On the basis of technology, the blow moulding market is segmented into injection, extrusion, stretch, compound, and others. Extrusion blow molding technique is expected to occupy the largest share as they are widely used in bulk manufacturing processes because of their comparatively cheaper cost.
Injection molding technique is anticipated to hold the second largest share in the market. The injection molding technique can be used with various materials to produce a wide variety of designs. However, the high capital cost incurred in the purchasing injection molding machinery may hamper market growth.
Compound molding method is used in the manufacture of customized or specialized automotive components. The need for high clarity bottles in the packaging sector are expected to increase demand for stretch blow molding.
Blow Moulding Market: Application Insights
On the basis of application, the blow moulding market is segmented into packaging, consumables & electronics, automotive & transport, building & construction, and medical among others. The use of blow molding in the packaging industry is expected to hold the largest market share by 2025. The need for appropriate packaging for several applications is anticipated to increase demand for plastic blow molding.
The extensive use of plastics in the manufacture of consumer durables, containers, and other parts & components are anticipated to positively influence market growth. The automotive industry has experienced an increased preference towards blow molded plastic components in order to reduce the weight of the vehicle. The automotive segment is anticipated to grow at the highest CAGR from 2017 to 2025.
Blow Moulding Market: Regional Insights
The demand for blow molding technology in the Asia Pacific region is estimated to hold the largest share in 2016. Rising production of consumer durables, electronics, and automotives in the Asia Pacific region is expected to augment market demand. Large scale manufacturing in China and India are expected to contribute to market growth over the coming years.
The European and North American markets are also expected to grow at a high CAGR due to applications in the packaging and automotive industry. Stringent regulations regarding vehicle emission norms in the European and American market has encouraged the consumption of plastic components in the automotive sector. Some of the largest automotive manufacturing countries include Germany, U.S., France, and Spain.
Blow Moulding Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase blow molding over the coming years. Some leading consumers in the market include Dow Chemical, Lyondell Basell, and Exxon Mobil among others.
Blow Moulding Market: Competitive Landscape
Some of the companies engaged in the manufacturing blow molded products include Magna International Inc., The Plastic Forming Company, Inc., Comar, LLC, Berry Global Inc., IAC Group, Pet All Manufacturing Inc., Inpress Plastics Ltd, and Rutland Plastics Ltd among others. Companies developing and supplying blow molding machineries include JSW, NISSEI ASB MACHINE, BEKUM, Milacron, Kautex Maschinenbau, and Aoki Technical Laboratory.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Blow Moulding Market Report
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The global Blow Moulding Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Blow Moulding Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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