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Global Blow Moulds Market to Grow at a CAGR of 4.20% During 2022-2027, Driven by the Rising Innovation

According to a new report by EMR titled, ‘Global Blow Moulds Market Report and Forecast 2022-2027’, the global blow moulds industry is expected to grow in the forecast period of 2022-2027 at a CAGR of 4.20%.

The market for blow moulds is driven by the key players' increase in research and development activities to maintain product quality. In addition, vehicle weight regulations by the government are aiding the market growth for blow moulds. Furthermore, the rising demand for hand sanitisers and other medical products due to the outbreak of COVID-19 is leading the market demand for blow moulds. In addition, rising demand in the automotive sector and increasing construction activities drive market growth. Furthermore, the industry for blow moulds is growing further due to the high demand for bottles. There is a growing demand for blow moulded plastic from the packaging industry because it does not react with food.

Governments are taking major steps to reuse and recycle plastics, thereby leading to growth potential for the blow moulds industry. Blow moulding is cost-effective and can produce many units within a show period. Advancement in technology helps to increase productivity, which is leading the market. High-Density Polyethylene (HDPE) is widely used for plastic bottles, toys, pipe systems, and chemical containers. In January 2020, LyondellBasell (NYSE: LYB) announced Shandong Jinhai Chemical Co., Ltd. would use the LyondellBasell Hostalen “Advanced Cascade Process” (Hostalen ACP) technology for a new facility which will be used for a 400 KTA high-density polyethylene (HDPE) facility. PVC also offers wide applications such as window frames, water service pipes, wire insulation, and medical devices, among others. Such developments are expected to aid the growth of different types of moulds and the overall industry.

Market Analysis by Type, Application, and Region:

  • The market based on type can be segmented into HDPE, PET, PVC, and polypropylene, among others.
  • Based on application, the industry can be divided into food and beverage, personal care products, medical industry, automobile industry, household and cleaning products, industrial and agricultural chemicals, among others.
  • The regional markets for blow moulds include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • Rapid technological advancement is driving the demand for the product and adding to the industry's growth.
  • Rising innovations across the industry adding more features to the product are aiding the market's growth.
  • Rising disposable income is also propelling the market demand for blow moulds.
  • An increase in demand for hand sanitisers due to the outbreak of COVID-19 is driving the market growth for blow moulding.

Key Offerings of the Report:

  • The EMR report gives an overview of the global blow moulds market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the type, application, and regions of blow moulds.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global blow moulds industry include Kiefer Mold Technologies, Heise Industries Inc, GDXL, Creative Blow Mold Tooling, Cado Company, Valencia Plastics Inc., and PET Technologies, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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