Enjoy complimentary customisation on priority with our Enterprise License!
The Blow Molded Plastic Bottles Market size is forecast to increase by USD 19.30 billion, at a CAGR of 3.58% between 2023 and 2028. The accelerated growth of the market is due to various factors, including the increasing number of mergers and acquisitions among market vendors, rising demand for packaged beverages among consumers and proliferation in adoption of HDPE bottles among end-user industries.
For More Highlights About this Report, Download Free Sample in a Minute
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand for packaged beverages among consumers is notably driving market growth. The global beverage industry continues to experience steady growth, driven by factors such as population growth, urbanization, changing consumer preferences, and rising disposable incomes. As consumers increasingly incorporate beverages into their daily routines, the demand for packaging solutions, including blow molded plastic bottles, rises correspondingly. Changing consumer lifestyles is increasing the demand for on-the-go beverage products. The increasing demand for packaged beverages in emerging economies such as Brazil, China, India, South Africa, and Vietnam, backed by the rise in disposable incomes of consumers, is supporting the growth of the market.
Moreover, the beverage market encompasses a wide range of categories, including carbonated soft drinks, bottled water, juices, sports and energy drinks, alcoholic beverages, dairy-based beverages, and functional beverages. Each category has unique packaging requirements, and blow molded plastic bottles offer versatility in design, size, shape, and functionality to meet the diverse needs of beverage manufacturers. The use of PET bottles for beer packaging is gaining popularity in the Eastern and central parts of Europe. The increase in the demand for packaged beverages should drive the market during the forecast period.
The rise in popularity of automation in molding techniques is an emerging trend shaping market growth. The surge in demand for automation in the worldwide blow molded plastic packaging market, driven by technological advancements and new methods, is enhancing efficiency and productivity by reducing human involvement in the plastic molding process. Notable examples include Proco Machinery's development of collaborative robotic systems, like the HALF-CUBE PALLETIZER and ROBO PACKER, offering high efficiency at nearly half the cost of conventional systems.
Moreover, automation benefits injection molding with increased throughput, consistent part quality, reduced costs, minimized variations, shorter cycle times, and less scrap. Manufacturers, such as EVCO Plastics, leveraging automated plastic injection molding operations, contribute to the growing popularity of automation, expected to propel the market during the forecast period.
The availability of alternative packaging options is a significant challenge hindering market growth. Glass bottles are a traditional packaging option known for their premium appearance and durability. Glass bottles compete with blow molded plastic bottles, especially in industries such as beverages and personal care products, where aesthetic appeal is an important factor. Metal cans are widely used for packaging beverages, food products, and household items. Cans offer advantages such as durability and tamper resistance for carbonated beverages. In some cases, metal cans may serve as substitutes for blow molded plastic bottles, particularly for beverages like sodas, energy drinks, and alcoholic beverages, where aluminum cans are preferred due to their lightweight.
Further, cartons offer advantages such as shelf stability and portability. While not a direct substitute for blow molded plastic bottles in all applications, carton packaging competes with plastic bottles in certain beverage and liquid food segments, particularly in markets where shelf-stable products are favored. Therefore, the availability of substitutes such as glass metals, paper, and paperboard for blow molded plastics will restrict the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ALPLA Werke Alwin Lehner GmbH and Co KG - The company offers blow molded plastic bottles such as water plastic bottles, PET rectangular gallon, light weight water gallon, F style gallon, motor oil with view strip and square gallon.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The PET segment is estimated to witness significant growth during the forecast period. PET bottles are suitable for packaging a wide range of products, including beverages, personal care items, food products, pharmaceuticals, household cleaners, and more. The versatility of PET bottles allows vendors to use these bottles for multiple product lines, reducing the need for different types of packaging materials, such as glass. PET bottles are tamper-resistant and protect the products, such as beverages, encased from the external environment throughout the value chain.
Get a glance at the market contribution of various segments Download the PDF Sample
The PET segment was the largest and was valued at USD 48.80 billion in 2018. The beverage industry is one of the largest consumers of PET bottles due to their lightweight, shatter-resistant, and recyclable properties. PET bottles are also utilized in the pharmaceutical industry for packaging medications such as syrups, oral suspensions, vitamins, and over-the-counter drugs. PET bottles provide a safe and hygienic packaging solution for pharmaceutical products, meeting stringent regulatory requirements for product stability and integrity. The increasing focus on sustainability and environmental responsibility has led to a growing demand for PET bottles. PET is a recyclable material, and recycled PET (rPET) can be used to produce new bottles, reducing the consumption of virgin materials and promoting a circular economy. These factors contribute to the continued dominance of PET as a preferred packaging material across multiple industries, which may positively impact the market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC countries, including China, India, Japan, South Korea, and Southeast Asian nations, are experiencing rapid economic growth, leading to increased consumer spending and industrial activity. This growth fuels demand for packaging solutions such as blow-molded plastic bottles across various industries. Increasing industrial activities, growing e-commerce, rising demand for consumer-packaged goods, and rapid urbanization are primarily contributing to market growth in the region. The evolving corporate lifestyle of people has significantly influenced changes in the packaged food and beverages and FMCG industries in the region.
In addition, the rapidly evolving retail and food and beverage industries are expected to drive the overall demand for PET bottles in the region. Growth in the number of organized retail stores such as Walmart, PARKnSHOP, Costco, Target, Kroger, and Tesco across APAC will facilitate the increase in demand for packaging solutions for beverages. This, in turn, will drive the growth of the market during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is driven by the construction and automotive sectors, is witnessing robust growth. In the construction industry, demand for concrete forms, panels, barricades, and traffic markers fuels the market, while the expanding automotive industry, particularly the rise of electric vehicles, contributes significantly. The stable economy and robust financial sector create a low-risk environment for construction activities and infrastructure development. Injection blow molding technology and extrusion blow mold play pivotal roles, addressing machinery costs.
Moreover, the market thrives on high-clarity, high-quality bottles used for soda, personal care, household cleaners, and customized orders. Polyethylene, polypropylene, and polyethylene terephthalate are essential for packaging, including face masks, protective gowns, and hand sanitizers. Plastic compounds find applications in automotive components, production of electric passenger cars, and heavy-duty vehicles, emphasizing the market's importance in automotive and transportation.
Blow Molded Plastic Bottles Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.58% |
Market growth 2024-2028 |
USD 19.30 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.48 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ALPLA Werke Alwin Lehner GmbH and Co KG, Amcor plc, Berry Global Inc., Blow Molded Products, Comar LLC, Gerresheimer AG, Graham Packaging Co. LP, Greiner Packaging International GmbH, Hub Plastics, Nampak Ltd., North American Plastics Ltd., O.Berk Co. LLC, PAREKHPLAST India LTD., PCE Inc., Plastipak Holdings Inc., Precision Concepts International, Silgan Holdings Inc., Streamline Plastics, Universal Plastics Group Inc., and Valencia Plastics Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.