UK Blow Molded Plastics Market Size & Outlook, 2023-2030
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UK blow molded plastics market highlights
- The UK blow molded plastics market generated a revenue of USD 4,802.4 million in 2023 and is expected to reach USD 7,372.6 million by 2030.
- The UK 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 4,802.4 million |
| Market revenue in 2030 | USD 7,372.6 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, UK accounted for 6.0% 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 35.27% in 2023. Horizon Databook has segmented the UK 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.
Plastic industry is of utmost importance to the economy of the country. The UK plastic industry was worth USD 12,410.7 million in 2020 and remains in the top five plastic processors in Europe with around 5,192.8 kilotons of materials processed every year.
Plastic industry in the UK has over 3,000 primary processors, 7,500 companies, and 180,000 employees, equating to 7% of all employees in the UK manufacturing sector. Packaging is the largest application sector in the country, owning to the rising ecommerce business which is expected to be the primary factor driving the demand for blow molded products over the forecast period.
Automobile industry in the country has been witnessing stagnant growth in the past decade. However, the growing stringent regulations for vehicle fuel efficiency are expected to drive plastic components demand in the UK automobile industry.
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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 |
UK blow molded plastics market size, by technology, 2018-2030 (US$M)
UK Blow Molded Plastics Market Outlook Share, 2023 & 2030 (US$M)
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