Increasing demand for blow molded plastic bottles form the beverages, dairy, and pharmaceuticals industries is major factor expected to drive growth of the global blow molded plastic bottles market over the forecast period.
The global blow molded plastic bottles market report has been segmented on the basis of polymer, molding type, end-use industry, and region.
On the basis of polymer, the global blow molded plastic bottles market has been segmented into polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polyethylene naphthalate, polypropylene (PP), and others (high and low density polycarbonate, polysulfone, and butadiene-styrene). The polyethylene segment is expected to account for major share in terms of revenue in the global blow molded plastic bottles market. The polyethylene segment revenue is also anticipated to register highest CAGR over the forecast.
On the basis of end-use industry, the global blow molded plastic bottles market has been segmented into packaging, consumables & electronics, automotive & transport, medical, and others (beverage and dairy). The packaging segment is expected to account for significant share in the global blow molded plastic bottles market in terms of revenue. Rapid usage of materials such as HDPE, LDPE, and PET in manufacturing bottles, cans, and cases, for packaging mainly food & beverages is major factor expected to drive revenue growth of the packaging segment.
On the basis of region, the global blow molded plastic bottles market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia Pacific market is estimated to dominate with significant revenue share in the global blow molded plastic bottles market in 2017. Asia Pacific market is also expected to register highest CAGR in terms of revenue in next ten years, owing to increasing demand from automobile, pharmaceuticals, and packaging industries in countries in this region.
Key players operating in the global market include Magna International, Inc., International Automotive Components Group, S.A., Berry Global, Inc., Creative Blow Mold Tooling Inc, Inpress Plastics Ltd ,The Dow Chemical Company, Comar LLC, Rutland Plastics Ltd, The Plastic Forming Company, Inc., and Agri-Industrial Plastics Company.