About Blow Molded Plastic Bottles
Plastics that can be molded into several sizes and shapes or forms are classified as blow molded plastics. Injection blow molding, rotational blow molding, and extrusion blow molding are the different types of technologies used in the production of blow molded plastic bottles. The major categories of plastics used for such productions include polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC). Blow molded plastics are used in a wide range of industries such as packaging, electronics, automotive, and transportation.
Technavio’s analysts forecast the global blow molded plastic bottles market to grow at a CAGR of 3.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global blow molded plastic bottles market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of blow molded plastic bottles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Blow Molded Plastic Bottles Market 2017-2021
Technavio recognizes the following companies as the key players in the global blow molded plastic bottles market: Alpha Packaging, APEX Plastics, Plastipak Holdings, Sidel, and Silgan Holdings.
Other Prominent Vendors in the market are: Amcor, Bemis, Berry Plastics, Constantia Flexibles, Coveris, First American Plastic, Graham Packaging, Hassan Plas Packaging, HTI Plastics, Linpac, R&D Molders, Resilux, RPC, Sonoco, and Streamline Plastic.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increased adoption of lightweight rigid plastics to reduce transportation costs. Growing innovation in the lightweight packaging market leads to sustainability and provides environment-friendly packaging products. These products are preferred in the market and lead to a decrease in packaging costs. Lightweight packaging materials are gaining popularity among customers as they reduce transportation and carriage costs.”
According to the report, one of the major drivers for this market is increased demand for a variety of beverages. The market share of the CSD (carbonated soft drinks) segment has been declining for the past 10 years, and there is a growing demand for other types of drinks especially bottled water and dairy beverages. Growing urbanization and high disposable incomes have increased the consumption of dairy beverages. A global increase in the per capita income has increased the purchasing power of people which has majorly influenced the global beverages packaging market.
Further, the report states that one of the major factors hindering the growth of this market is constraints on expansion of production. The global volume of bottled water consumption is growing at a steady rate due to increase in production and solution for products and services for packaging of these products.
Alpha Packaging, APEX Plastics, Plastipak Holdings, Sidel, Silgan Holdings, Amcor, Bemis, Berry Plastics, Constantia Flexibles, Coveris, First American Plastic, Graham Packaging, Hassan Plas Packaging, HTI Plastics, Linpac, R&D Molders, Resilux, RPC, Sonoco, Streamline Plastic.
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