Blow Molded Plastics Market Growth Drivers and Challenges:
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 Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
6.1% |
|
Base Year Market Size (2025) |
USD 95.44 billion |
|
Forecast Year Market Size (2035) |
USD 172.54 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of blow molded plastics is estimated at USD 100.68 billion.
The global blow molded plastics market size was around USD 95.44 billion in 2025 and is likely to expand at a CAGR of more than 6.1%, surpassing USD 172.54 billion revenue by 2035.
Asia Pacific blow molded plastics market will secure around 39.8% share by 2035, driven by low-cost domestic manufacturing and abundant labor force.
Key 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.
