North America Blow Molded Plastics Market Size & Outlook
The blow molded plastics market in North America is expected to reach a projected revenue of US$ 31,580.1 million by 2030. A compound annual growth rate of 6.1% is expected of North America blow molded plastics market from 2024 to 2030.
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, North America region accounted for 26.1% of the global blow molded plastics market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 48,192.8 million by 2030.
Blow molded plastics market in North America is expected to witness slow growth as the cross-border trade among the economies got affected on account of the COVID-19 pandemic. The market is primarily driven by the rising demand for polypropylene and ABS in packaging application segment for manufacturing bottles, face masks, and face shields, among others.
The demand for blow molded plastics in various application segments, including packaging, consumables & electronics, automotive & transportation, building & construction, and medical, is expected to grow post the COVID-19 pandemic.
The North America region is one of the largest consumers of plastics owing to the high product demand from automotive, consumer products & electronics, packaging, and construction sectors. Plastics have many applications in various industries due to their benefits such as mold ability of desired shape. Many automobile manufacturers prefer plastic vehicle parts, which help achieve low-cost production and increase the bottom-line profit margin of the companies.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Blow Molded Plastics Market Outlook will help companies and investors design strategic landscapes.
Injection Blow Molding was the largest segment with a revenue share of 38.01% in 2023.
Horizon Databook has segmented the North America 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.
Blow molded plastics market in North America is expected to witness slow growth as the cross-border trade among the economies got affected on account of the COVID-19 pandemic. The market is primarily driven by the rising demand for polypropylene and ABS in packaging application segment for manufacturing bottles, face masks, and face shields, among others.
The demand for blow molded plastics in various application segments, including packaging, consumables & electronics, automotive & transportation, building & construction, and medical, is expected to grow post the COVID-19 pandemic.
The North America region is one of the largest consumers of plastics owing to the high product demand from automotive, consumer products & electronics, packaging, and construction sectors. Plastics have many applications in various industries due to their benefits such as mold ability of desired shape. Many automobile manufacturers prefer plastic vehicle parts, which help achieve low-cost production and increase the bottom-line profit margin of the companies.
North America Blow Molded Plastics Market Technology Outlook (Revenue, USD Million , 2018-2030)
Extrusion blow molding
Injection blow molding
Strech blow molding
Compound Blow Molding
North America Blow Molded Plastics Market Product Outlook (Revenue, USD Million , 2018-2030)
Polypropylene (PP)
Acrylonitrile Butadiene Styrene (ABS)
Polyethylene (PE)
Polystyrene (PS)
Polyinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Polyamide (PA)
Other Products
North America Blow Molded Plastics Market Application Outlook (Revenue, USD Million , 2018-2030)
Packaging
Consumables & Electronics
Automotive & Transport
Building & Construction
Medical
Other Applications
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Blow Molded Plastics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Blow Molded Plastics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Blow Molded Plastics Market, 2018-2030 (US$M)