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The rapid growth of packaging demand for food, beverages and fast-moving consumer goods provides considerable growth opportunities for the large blow-molded product market
The integration of various manufacturing processes is expected to bring important growth prospects to the global market
Albany, New York, November 8, 2021/PRNewswire/ - Widespread use of large blow molded products in food and beverage, automotive, petrochemical, household, construction, and pharmaceutical industries is expected to be a growth driver during the forecast period 2021-2031 During the year. The increasing use of large blow molded products in household applications, such as water bottles, food packaging and beverage bottles, is expected to establish a stable source of income.
The properties of large blow molded products, such as toughness, ease of processing, flexibility, non-toxic, odorless, wide transparency and electrical insulation, are expected to provide growth opportunities. Many fluid storage facilities use large blow molded products. Windshield washer fluid bottles, cooling system overflow containers and fuel tanks are usually made of large blow-molded products. These aspects are likely to become a growth booster for the large-scale blow molding product market.
Transparency Market Research (TMR) has conducted extensive research on various factors related to the growth of the large blow molding product market. TMR analysts expect that the global market for large blow molding products will grow at a compound annual growth rate of 4.6% during the forecast period. In 2020, the global large-scale blow molding products market will be worth 4.79 billion U.S. dollars and is expected to reach 7.77 billion U.S. dollars by 2031.
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Due to the growing demand in these industries, manufacturers in the large blow-molded product market are increasing their production capacity for refined and basic-designed plastic bottles for personal care, medicine, and cosmetics. However, the environmental impact of blow molded products is expected to become a threat to the growth of the large blow molded product market. Nonetheless, market participants are increasing their attention to bioplastics, recycling and lightweight plastics to reduce their environmental impact. These factors are expected to help increase the growth rate of the large blow molding product market.
The chemical and food and beverage industries will attract profitable growth in the large blow molding product market
Large blow molding products play a vital role in the packaging used in the chemical industry. Over the years, the demand for specialty chemicals has increased significantly. In order to store these chemicals, a large number of products such as HDPE plastic drums, HDPE tanks and 220 liters of HMHDPE L-ring drums are used. Therefore, these factors will have a profound impact on the growth of the large-scale blow molding product market. In addition, the food and beverage industry also uses large blow molded products to meet storage requirements. These aspects may promote the development of the large-scale blow molding product market.
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Investment in large-scale blow molding machines for advanced extrusion has become the main trend
The technological development of the large-scale blow molding product market is rapidly accelerating. One of the key examples is the growing demand for high-tech extrusion large blow molding machines. Manufacturers in the large blow-molded product market are using these machines to make open barrels and plastic barrels. Energy saving is an important feature that triggers the demand for these machines.
Some of the major players operating in the large blow molding product market are International Automotive Components Group, Supavut Industry Co., Ltd, CHATREE BLOW (THAILAND) CO., LTD., Jindal Plast, Mitsuchem Plast Limited, Greif, Ring Container Technologies, Inc. ., Thai Viwat Plastic Industry, The SCHUTZ Company, Berry Global, Inc., ALPLA and Technoplast Ltd.
Global Large Blow Molded Products Market: Segmentation
Large blow molding plastic market, by type
Large-scale blow-molded plastic market, according to process
Large-scale blow-molded plastic market, by end use
Large blown plastic market by region
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