Blow Molded Plastics Market Trends

Growth Drivers

Growth of Healthcare Industry – Amid the global Covid-19 pandemic, the demand for various pharmaceutical products, disinfectants, sanitizers and vaccines has increased. According to Government of India Ministry of Chemicals and Department of Pharmaceuticals, India has the second-highest producer of US FDA approved healthcare products outside the U.S.
Growing Demand for Packaged Food – For instance, global packaging industry is expected to reach USD 1.05 trillion by 2024.
Rapid Industrialization across the Globe – According to the report of Invest India in August 2021, the Indian government has an investment budget of USD 1.4 trillion on infrastructure in which 16% of the amount is contributed towards the development of urban infrastructure.
Increasing Demand for Flexible Packaging – For instance, Flexible packaging solutions, generated a revenue of around USD 200 billion in 2021.

Challenges

Increasing Concerns about the Plastic Waste and Recycling
Arbitrariness in the Prices of Raw Materials
Fluctuations in Raw Material prices

Blow Molded Plastics Market Highlights Over 2023 - 2033

Base Year	2024
Forecast Year	2025-2037
CAGR	3.9%
Base Year Market Size (2024)	USD 646.21 billion
Forecast Year Market Size (2037)	USD 1.04 trillion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of blow molded plastics is evaluated at USD 665.85 billion.

The blow molded plastics market size was over USD 646.21 billion in 2024 and is anticipated to exceed USD 1.04 trillion by the end of 2037, witnessing over 3.9% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for packaged food with lightweight packaging and machines delivering high accuracy and efficiency will boost the market growth.

Asia Pacific industry is predicted to dominate largest revenue share by 2037, due to several domestic manufacturers with technological capabilities at lower cost in the region.

The major players in the market include APEX Plastics, Agri-Industrial Plastics, North American Plastics ltd., Magna International, Inc., Comar LLC, INEOS Group, Berry Global, Inc., Gemini Group, Inc., Creative Blow Mold Tooling, Rutland Plastics ltd.

Blow Molded Plastics Market Trends