Germany Blow Molded Plastics Market Size & Outlook
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Germany blow molded plastics market highlights
- The Germany blow molded plastics market generated a revenue of USD 7,269.1 million in 2023 and is expected to reach USD 10,896.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 6% 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 7,269.1 million |
| Market revenue in 2030 | USD 10,896.0 million |
| Growth rate | 6% (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, Germany accounted for 9.1% 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 Europe, Germany blow molded plastics market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 7,372.6 million by 2030.
Injection blow molding was the largest segment with a revenue share of 36.28% in 2023. Horizon Databook has segmented the Germany 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.
Germany was the leading plastic manufacturer in Europe in 2016. The country is self-sufficient in plastic production with an adequate number of plants and production capacity required to fulfill the local demand. Moreover, the country is supplying PET, PVC, and other types of plastics to neighboring countries due to high quality and large production base.
In addition, it is recycling a significant amount of waste plastic into various products such as fiber, sheet, film, and more. Germany is one of the leading countries in terms of recycling rates. In 2018, around 93.5% of the PET bottles in the country were recycled. The launch of a one-way bottle deposit system in 2003 is responsible for the high recycling rate in the country.
The producers, on the other hand, can get back the bottles or send it to recycle companies to produce new bottles, which can further be refilled for various purposes. One-way bottle deposit systems exist in the country for other types of plastics where an individual can get a significant amount for used plastic products such as car fuel tanks, poly bags, pipes, and others.
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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 |
Germany blow molded plastics market size, by technology, 2018-2030 (US$M)
Germany Blow Molded Plastics Market Outlook Share, 2023 & 2030 (US$M)
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