Blow Molded Plastics Market Share

Regionally, the global blow molded plastics market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2037. The primary reason for the market growth in the region is the emergence of several domestic manufacturers with technological capabilities at lower cost. Moreover, abundance of labor is another major factor driving the market growth. According to the data by the World Bank, 66% of the population of South Asia falls under the bracket of 15 to 64 years of age, which are the most active working years.