Canada Blow Molded Plastics Market Size & Outlook, 2023-2030
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Canada blow molded plastics market highlights
- The Canada blow molded plastics market generated a revenue of USD 6,788.7 million in 2023 and is expected to reach USD 10,257.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, injection blow molding was the largest revenue generating technology in 2023.
- Injection blow molding is the most lucrative technology segment registering the fastest growth during the forecast period.
Blow molded plastics market data book summary
| Market revenue in 2023 | USD 6,788.7 million |
| Market revenue in 2030 | USD 10,257.4 million |
| Growth rate | 6.1% (CAGR from 2024 to 2030) |
| Largest segment | Injection blow molding |
| Fastest growing segment | Injection blow molding |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extrusion blow molding, Injection blow molding, Strech blow molding, Compound Blow Molding |
| Key market players worldwide | Gemini Group Global Corp, Exxon Mobil Corp, LyondellBasell Industries NV Class A, INEOS, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, Dow Inc, Comar |
Other key industry trends
- In terms of revenue, Canada accounted for 8.5% of the global blow molded plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. blow molded plastics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 13,415.8 million by 2030.
Injection blow molding was the largest segment with a revenue share of 37.77% in 2023. Horizon Databook has segmented the Canada blow molded plastics market based on extrusion blow molding, injection blow molding, strech blow molding, compound blow molding covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is one of the biggest producers of crude oil globally. Declining prices of crude oil coupled with increasing demand for plastics in the region are paving the way for the growth of plastics market. Plastics are produced from various petrochemicals derived from crude oil. Blow molded plastic products provide strength and durability to metal products with the added advantage of less weight.
Many new manufacturers of blow molded plastics are emerging in the remote locations of the country owing to the highly segregated population. The per capita consumption of plastics in the country is higher than the world average.
However, tier II and tier III cities have a small population size, leading to a requirement for one or two manufacturing facilities in each city. Most of the tier I cities have established manufacturing plants, leaving limited scope for the expansion of existing facilities and almost no room for the establishment of new plants.
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Blow Molded Plastics Market Scope
Blow Molded Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gemini Group Global Corp | View profile | 4 | 1708 E Altheimer Road, Richmond Hill, ON, Canada | https://www.geminigrpglobalcorp.com |
| IAC Inc Ordinary Shares - New | View profile | 9500 | 555 West 18th Street, New York, NY, United States, 10011 | https://www.iac.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| Comar | View profile | 251-500 | Voorhees, New Jersey, United States, North America | https://www.comar.com |
| Berry Global Group Inc | View profile | 44000 | 101 Oakley Street, Evansville, IN, United States, 47710 | https://www.berryglobal.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
Canada blow molded plastics market size, by technology, 2018-2030 (US$M)
Canada Blow Molded Plastics Market Outlook Share, 2023 & 2030 (US$M)
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