Japan Blow Molded Plastics Market Size & Outlook, 2023-2030
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Japan blow molded plastics market highlights
- The Japan blow molded plastics market generated a revenue of USD 5,436.7 million in 2023 and is expected to reach USD 8,324.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.3% 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 5,436.7 million |
| Market revenue in 2030 | USD 8,324.3 million |
| Growth rate | 6.3% (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, Japan accounted for 6.8% 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 Asia Pacific, China blow molded plastics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 18,944.2 million by 2030.
Injection blow molding was the largest segment with a revenue share of 34.95% in 2023. Horizon Databook has segmented the Japan 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.
Japan is the third-largest economy globally by nominal GDP and fourth largest by purchasing power parity. It is the second-largest developed economy in Asia Pacific, with high GDP per capita, 100% urbanization rate, high disposable income, and strong manufacturing sector. The country has a huge demand for plastics owing to established production, trade, and industrial ecosphere.
Despite four years of economic stimulus in the past, Japan's economy has grown at a nominal rate, which shows a good sign for the plastic manufacturers. A weak currency makes the exports competitive, which further aids the growth of automotive and robotics industries.
Japan is a major producer and exporter of electronics, semiconductors, optical instruments, and hybrid vehicles. Blow molded plastics are used in almost all major industries in Japan and their demand is expected to grow over the forecast period.
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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 |
Japan blow molded plastics market size, by technology, 2018-2030 (US$M)
Japan Blow Molded Plastics Market Outlook Share, 2023 & 2030 (US$M)
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