North America Blow Molded Plastics Market Size, Share & Trends Report

North America Blow Molded Plastics Market Size, Share & Trends Analysis Report By Product (PVC, PET), By Technology (Extrusion, Injection), By Application (Packaging, Automotive), And Segment Forecasts, 2018 - 2025

  • Published Date: Jul, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-534-2
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 120

Industry Insights

North America blow molded plastics market size was valued at USD 3.52 billion in 2016, growing at a CAGR of 4.3% over the forecast period. Blow molding is a manufacturing process used to create hollow plastic parts such as containers, bottles, plastic drums, and storage tanks in desired shape. It is increasingly preferred by plastic manufacturers as it allows them to manufacture plastic in higher volumes in a short span of time.

Growing key application markets including construction, automotive, and packaging is expected to drive the North America blow molded plastics market over the forecast period. U.S. was the largest market in this region backed with high demands from several end-use industries such as automobile, electronics manufacturing, and medical equipment manufacturing sector.

U.S. blow molded plastics market volume

Market has experienced a strong growth in the past few years due to several technological advancements such as development of all-electric blow mold machinery, which has been a major innovation and is the popular trend in the industry. New machineries offer increased accuracy, speed, repeatability, cleanliness, quietness, and most importantly, energy efficiency. Hence, these have enabled plastic manufacturers to cater to the different user requirements from several application industries, mainly packaging sector.

Companies such as Magna International Inc., Berry Plastics Group, IAC Groups, and Comar LLC. are some of the companies in the market. Some of the companies including The Plastic Forming Company, Inc., Agri-Industrial Plastics Company, Garrtech Inc. cater to specific end-users such as medical devices, food packaging, and automotive components sectors.

Technology Insights

Based on technology, the market has been segmented into injection blow molding, extrusion blow molding, stretch blow molding, and compound blow molding. Injection blow molding process is used in the manufacturing of hollow plastic items in large quantities while extrusion blow molding is used for processing several types of polymers such as polyvinyl chloride (PVC), polyethylene (PE), and polypropylene (PP).

Extrusion blow molding has the maximum application in the manufacturing of automobile parts. It is a suitable process for manufacturing auto parts that do not require extreme precision or specific exterior finishes and are required to have only one thickness measurement. Extrusion blow molding technology is considered to be a cheaper and superior option as compared to injection molding and injection blow molding.Hence, it is expected to be the largest technology segment in the next few years.

Stretch blow molded plastics are produced mainly on customized orders. Major technological advantage of this process is that the container is stretched in the hoop and axel direction. This helps enhance the barrier properties, clarity, tensile strength, top load, and tolerable drop impact, termed as biaxial stretching.

Product Insights

PET accounted for 17.3% of the overall demand in terms of volume in 2016 and is expected to grow significantly in the coming years. PET application in packaging is expected to gain traction over the forecast period.

PET is widely used in plastic bottling of soft drinks and for specialty bottling such as for beer containment. Due to some of its properties, PET makes a proper material for flexible food packaging and thermal insulation. PET is often used as a substrate in thin film solar cells. Blow molded PET products are expected to witness the highest growth, especially in the U.S. region.

PVC is a flexible and flame-retardant with higher thermal stability and with negligible lead content. These can be blow molded for manufacturing wide range of products depending on the type and quantity of plasticizers required. Pipes, cables, and even tanks are some of the major components made of PVC that have wide applications in the automotive industry. PVC is estimated to account for 13.9% of the total market volume by 2025.

Application Insights

Packaging emerged as the leading application in Canada with 48.50% of the overall volume in 2016. Rapidly expanding packaging industry, driven by high consumerism in emerging economies, shall drive demand for plastic compounds such as PE and PET.

Canada blow molded plastics market

Polypropylene have been one of the major plastic products used in consumables and electronic product applications. Increasing integration of electronics into automobiles and rising demand for lightweight, wearable, and portable electronics has fueled the plastics demand for plastics in this segment.

Different plastic types are used in automotive application with their scope extending from interior components to engine parts. Among these plastics, PP compounds are being used as replacement for metals and other engineering plastics in automotive industry due to their superior mechanical properties and mold ability. Several grades of PP compounds have been developed over the past to meet diverse performance requirements.

North America Blow Molded Plastics Market Share Insights

The market has a presence of large number of small- and medium-scale manufacturers. Many of the major market participants focus on R&D and M&A activities to increase their market share. Eastman Chemicals Company is emphasizing on novel product development. The company has invested a significant amount in improving the recyclability of its polymers. The company has teamed with other companies such as DSI Plastics for developing reuse and regrinding streams for its products, which include Eastman Tritan copolyester and other copolyester materials.

Report Scope 

Attributes

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 and 2015

Forecast period

2017 - 2025

Market representation

Volume in kilotons, Revenue in USD Million and CAGR from 2017 to 2025

Country scope

U.S., Canada, and Mexico

Report coverage

Volume forecast, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts volume growth at regional and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the North America blow molded plastics market report on the basis of technology, product, application, and region.

  • Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Extrusion

    • Injection

    • Stretch

    • Compound

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Polypropylene (PP)

    • Acrylonitrile Butadiene Styrene (ABS)

    • Polyethylene (PE)

    • Polystyrene (PS)

    • Polyvinyl Chloride (PVC)

    • Polyethylene Terephthalate (PET)

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Packaging

    • Consumables & Electronics

    • Automotive & Transport (Automotive blow molded air ducts and Automotive blow molded turbo ducts)

    • Building & Construction

    • Medical

    • Others

  • Region Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

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