North America Blow Molded Plastics Market, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: North America Blow Molded Plastics Market


The North America Blow Molded Plastics market size is projected to reach US$ 5.36 billion by 2026, from US$ 4.17 billion in 2020, at a CAGR of 4.3% during 2021-2026. Blow molding is a manufacturing process used to create hollow plastic parts such as containers, bottles, plastic drums, and storage tanks in desired shape. It is increasingly preferred by plastic manufacturers as it allows them to manufacture plastic in higher volumes in a short span of time.

Growing key application markets including construction, automotive, and packaging is expected to drive the North America blow molded plastics market over the forecast period. U.S. was the largest market in this region backed with high demands from several end-use industries such as automobile, electronics manufacturing, and medical equipment manufacturing sector.

Market has experienced a strong growth in the past few years due to several technological advancements such as development of all-electric blow mold machinery, which has been a major innovation and is the popular trend in the industry. New machineries offer increased accuracy, speed, repeatability, cleanliness, quietness, and most importantly, energy efficiency. Hence, these have enabled plastic manufacturers to cater to the different user requirements from several application industries, mainly packaging sector.

Companies such as Magna International Inc., Berry Plastics Group, IAC Groups, and Comar LLC. are some of the companies in the market. Some of the companies including The Plastic Forming Company, Inc., Agri-Industrial Plastics Company, Garrtech Inc. cater to specific end-users such as medical devices, food packaging, and automotive components sectors.

Market Segmentation, Outlook & Viewpoint: North America Blow Molded Plastics Market

Technology Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  
Extrusion
  
Injection
  
Stretch
  
Compound

Product Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  
Polypropylene (PP)
  
Acrylonitrile Butadiene Styrene (ABS)
  
Polyethylene (PE)
  
Polystyrene (PS)
  
Polyvinyl Chloride (PVC)
  
Polyethylene Terephthalate (PET)
  
Others

Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  
Packaging
  
Consumables & Electronics

Automotive & Transport (Automotive blow molded air ducts and Automotive blow molded turbo ducts)

  
Building & Construction
  
Medical
  
Others

Key Players, Recent Developments & Regional Insights: North America Blow Molded Plastics Market

PET accounted for 17.3% of the overall demand in terms of volume in 2016 and is expected to grow significantly in the coming years. PET application in packaging is expected to gain traction over the forecast period.

PET is widely used in plastic bottling of soft drinks and for specialty bottling such as for beer containment. Due to some of its properties, PET makes a proper material for flexible food packaging and thermal insulation. PET is often used as a substrate in thin film solar cells. Blow molded PET products are expected to witness the highest growth, especially in the U.S. region.

PVC is a flexible and flame-retardant with higher thermal stability and with negligible lead content. These can be blow molded for manufacturing wide range of products depending on the type and quantity of plasticizers required. Pipes, cables, and even tanks are some of the major components made of PVC that have wide applications in the automotive industry. PVC is estimated to account for 13.9% of the total market volume by 2025.

Application Insights

Packaging emerged as the leading application in Canada with 48.50% of the overall volume in 2016. Rapidly expanding packaging industry, driven by high consumerism in emerging economies, shall drive demand for plastic compounds such as PE and PET.

Polypropylene have been one of the major plastic products used in consumables and electronic product applications. Increasing integration of electronics into automobiles and rising demand for lightweight, wearable, and portable electronics has fueled the plastics demand for plastics in this segment.
Different plastic types are used in automotive application with their scope extending from interior components to engine parts. Among these plastics, PP compounds are being used as replacement for metals and other engineering plastics in automotive industry due to their superior mechanical properties and mold ability. Several grades of PP compounds have been developed over the past to meet diverse performance requirements.

North America Blow Molded Plastics Market Share Insights

The market has a presence of large number of small- and medium-scale manufacturers. Many of the major market participants focus on R&D and M&A activities to increase their market share. Eastman Chemicals Company is emphasizing on novel product development. The company has invested a significant amount in improving the recyclability of its polymers. The company has teamed with other companies such as DSI Plastics for developing reuse and regrinding streams for its products, which include Eastman Tritan copolyester and other copolyester materials.

Key Insights Covered: North America Blow Molded Plastics Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of North America Blow Molded Plastics industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of North America Blow Molded Plastics industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of North America Blow Molded Plastics industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of North America Blow Molded Plastics industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of North America Blow Molded Plastics industry.

Research Methodology: North America Blow Molded Plastics Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other