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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 market is witnessing significant growth due to several key trends. One of the major trends is the increasing focus on the production of lightweight bottles, which is driving market growth. This is because lightweight bottles offer several advantages such as reduced transportation costs, lower carbon footprint, and improved sustainability. Another trend is the growing global demand for pouch packaging solutions, which is expected to pose a challenge to the market. However, the market is also witnessing various opportunities, such as the increasing adoption of recycling technologies for polyethylene (PE) and polypropylene (PP) resins. The blow molding processes, including injection blow mold, rotational blow molding, and stretch blow molding, are also undergoing technological advancements to enhance efficiency and productivity.
These factors collectively contribute to the growth of the market.
The market is witnessing significant growth due to the increasing demand from various industries such as automotive & transportation, packaging, and construction. Blow molding technology, which includes injection blow and extrusion blow mold, is widely used for producing bottles from polymers like polyethylene (PET), polypropylene, and polyethylene terephthalate (PET). In the construction industry, blow molded plastic bottles are used to create concrete forms, panels, and traffic markers. In the automotive & transportation sector, these bottles are used to manufacture fuel tanks, engine components, and other automotive parts. In the packaging industry, blow molded plastic bottles are extensively used for producing bottles for various applications, including water, carbonated beverages, and juices.
Moreover, the demand for blow molded plastic bottles is surging in various end-use sectors due to their lightweight, durability, and cost-effectiveness. The market is also witnessing growth in the healthcare sector due to the increasing demand for face masks, protective gowns, hand sanitizers, and other medical equipment. Furthermore, the growing popularity of electric vehicles is expected to boost the demand for blow molded plastic bottles in the automotive industry due to their lightweight and fuel efficiency.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The PET segment is estimated to witness significant growth during the forecast period. Blow molded plastic bottles, specifically, those made from Polyethylene terephthalate (PET), have gained significant popularity in various industries due to their versatility and benefits. PET bottles are widely used for packaging a broad spectrum of products, including beverages, personal care items, food products, pharmaceuticals, and household cleaners. The use of PET bottles is advantageous as they reduce the need for diverse packaging materials, such as glass. These bottles offer tamper-evident features, ensuring product safety and protection from external elements throughout the supply chain. Moreover, PET bottles are resilient and resistant to breakage, minimizing the risk of damage during transportation and handling.
Moreover, in the realm of beverage packaging, PET bottles are extensively employed for water, carbonated soft drinks, juices, sports drinks, and ready-to-drink teas and coffees. The adoption of electric vehicles is expected to further fuel the demand for PET bottles due to their lightweight and shatterproof properties, making them an ideal choice for automotive applications. Blow molding technologies, such as injection blow and extrusion blow molding, are utilized to manufacture these bottles, showcasing the advancement of molding technology in the packaging industry.
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The PET segment was valued at USD 48.80 billion in 2018 and showed a gradual increase during the forecast period.
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.
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The market in APAC regions, including China, India, Japan, South Korea, and Southeast Asian nations, is witnessing significant growth due to the rapid economic expansion and increased consumer spending in these countries. The expansion of industries, the rise of e-commerce, and the growing demand for consumer-packaged goods are primary factors driving market growth. Moreover, urbanization and changing lifestyles have significantly impacted the food and beverage and Fast-Moving Consumer Goods (FMCG) industries in the region, leading to increased demand for packaging solutions such as blow molded plastic bottles. These bottles are commonly used for packaging various products, including packaged food and beverages, personal care products, pharmaceuticals, and household chemicals.
Moreover, the increasing adoption of electric vehicles and the shift towards sustainable packaging solutions are also expected to provide opportunities for market growth. In terms of technology, both Injection Blow Molding and Extrusion Blow Molding are widely used in the production of blow molded plastic bottles. Polyethylene (PE) and Polyethylene Terephthalate (PET) are the most commonly used materials in the production of these bottles.
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.
An increasing number of mergers and acquisitions among market companies is the key driver of the market. Blow-molded plastic bottles have found extensive applications in various industries, particularly in construction. These bottles are utilized in creating concrete forms, panels, and even traffic markers. In the realm of construction, blow-molded plastic bottles offer advantages such as durability, lightweight, and ease of use. In the global market, acquisitions and mergers play a pivotal role in enabling blow-molded plastic bottle companies to expand their offerings and strengthen their competitive position. By acquiring competitors or complementary businesses, companies can broaden their product portfolio, catering to diverse customer needs with different bottle shapes, sizes, materials, and functionalities. For instance, in October 2023, Greif, Inc., a leading industrial packaging solutions provider, announced the acquisition of Reliance Products, Ltd., further bolstering its presence in the market. This strategic move will allow Greif to offer a more comprehensive range of packaging solutions to its clients, thereby enhancing its competitive edge and achieving economies of scale.
Increased focus on production of lightweight bottles is the upcoming trend in the market. Blow molded plastic bottles are engineered with a primary focus on creating lightweight yet containers. The optimization of bottle designs involves minimizing material thickness while preserving structural integrity and performance specifications. Strategically placed features such as ribbing, grooves, and indentations are integrated into the bottle design to augment strength and rigidity without excess weight. Manufacturers leverage advanced manufacturing techniques to produce these lighter bottles, which result in significant cost savings due to reduced resource consumption and transportation requirements. Consumers benefit from the convenience of lightweight packaging, which is highly portable and ideal for on-the-go consumption of beverages and various products. In the construction industry, blow molded plastic bottles find extensive applications in creating concrete forms, panels, barricades, and traffic markers. Their versatility and durability make them a preferred choice for building and construction projects.
Growing global demand for pouch packaging solutions is a key challenge affecting the market growth. Blow molded plastic bottles have long been a popular choice for packaging various liquids and semi-liquids, particularly in industries such as construction and manufacturing. However, pouch packaging has emerged as a viable alternative, offering several advantages over traditional rigid containers. Pouches are formed using thin layers of flexible film, resulting in a lightweight and collapsible design. This makes them easier to store, transport, and dispose of compared to blow molded plastic bottles. In construction, for instance, concrete forms and panels can be effectively made using pouch packaging. Similarly, pouch packaging can be utilized to create barricades and traffic markers.
However, the versatility of pouches extends to building and construction, where they can be used as waterproofing membranes or insulation materials. The convenience of pouch packaging is a significant factor driving its adoption. Consumers appreciate the ease of carrying and using pouches for on-the-go consumption. Moreover, the production process of pouches requires less material compared to blow molded plastic bottles, making them a more resource-efficient and eco-friendly option. This sustainability aspect is increasingly important to eco-conscious consumers and brands. The demand for packaged beverage products is expected to grow, leading to a stronger need for pouch packaging solutions during the forecast period. As a result, the market for pouch packaging is projected to experience growth in the coming years.
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 includes detailed analyses of the competitive landscape of the market and information about key 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 market is witnessing significant growth due to the increasing demand for packaging applications in various industry verticals. These applications include soft drinks, drinking water, and pet bottles. Blow molding technology, which includes injection blow molding, rotational blow molding, and stretch blow molding, is widely used to produce these bottles. The use of blow molded plastic bottles is also expanding in the medical sector for producing face masks, protective gowns, and hand sanitizers. Polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and other resins are commonly used in the production of blow molded plastic bottles. The market is expected to grow further due to the increasing demand for sustainable packaging solutions and government initiatives towards recycling plastic waste.
Moreover, the use of blow molding technology in the production of concrete forms, panels, barricades, traffic markers, and other non-packaging applications is also contributing to the market growth. The market is expected to witness significant growth in the coming years due to the increasing demand for electric vehicles and the subsequent growth in the production of EV batteries, which require blow molded plastic components.
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, market forecast, 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 |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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