Reports and Data's latest research study on the Blow Molded Plastics market gives a thorough analysis of it. In this report, the global Blow Molded Plastics market is analyzed historically and currently to assess its potential future development. In order to identify opportunistic business opportunities for stakeholders, the study provides detailed information on the key growth factors, restraints, and key trends that are paving the way for future growth in the Blow Molded Plastics market.

The global blow molded Plastics market size was valued at USD 85.73 billion in 2022 and is expected to reach USD 133.0 billion by 2032, and register a revenue CAGR of 5% during the forecast period. Rising demand for blow-molded plastics across a range of end-use sectors, including packaging, automotive, construction, and healthcare is the major factor driving market revenue growth.

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Market Overview:

Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.

While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.

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Strategic Developments:

  • On 28 January 2021, The Dow Chemical Company announced the commercialization of its new AGILITY TDH 20 resins, which are used in the production of blow molded Plastic products such as fuel tanks and industrial containers. The resins offer improved toughness, stress cracking resistance, and processing stability.
  • On 12 January 2021, SABIC launched its LNP Colorcomp compound, which is a color Masterbatch used in the manufacturing of blow molded plastic products such as bottles and containers. The compound offers high-quality colors, excellent color consistency, and reduced cycle times.
  • On 4 January 2021, Ineos Group Holdings S.A. announced the acquisition of BP's global Aromatics business, which includes the production of Polyethylene terephthalate (PET) resins used in the manufacturing of blow molded plastic products such as bottles and containers. The acquisition helped the company expand its product offerings in the PET market.
  • On 27 January 2020, Comar, LLC acquired iMark Molding, LLC, a manufacturer of blow molded plastic products such as containers and bottles. The acquisition helped Comar expand its product offerings in the healthcare and pharmaceutical markets.
  • On 14 November 2017, Alpha Packaging acquired a blow molding facility in Etten-Leur, the Netherlands, from Graham Packaging Company, expanding its global manufacturing footprint and enhancing its blow molding capabilities.

Research Methodology: Blow Molded Plastics Market

The research methodology adopted by analysts to compile the Blow Molded Plastics market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Blow Molded Plastics market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Blow Molded Plastics market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Blow Molded Plastics market.

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