Growing demand from the beverage and personal care segment drives the blow molding plastic packaging market growth

Blow Molding Plastic Packaging Procurement Intelligence

Blow molding plastic packaging procurement has received an impetus to foster efficient and eco-friendly production by reducing material wastage and enhancing productivity. The global market size was valued at USD 80.04 billion in 2023. Besides, the Asia Pacific region accounts for the largest share of the industry. The increasing demand for packaging processes in the business is boosting growth. For instance, in 2022, Amcor used big data analytics to identify a way to reduce the amount of plastic used in its bottles by 10%.

Companies are using Artificial Intelligence (AI), IoT, and big data to automate repetitive tasks and enable collection and data analysis which can be shared in real-time to improve efficiency, productivity and error reduction. For instance, in 2022, Bekum Maschinenfabrik GmbH announced that it was using AI to automate the loading and unloading of molds.

Companies are continuously focusing on partnering or developing their technology. For instance,

• In 2022, PepsiCo announced that it would be using lighter-weight bottles for its Aquafina water brand. These bottles are reportedly made from 10% recycled content and are 15% lighter than the previous bottles. These are achieved through constant innovation in molding machines.

• In 2022, Agr International introduced a new sensor that can measure the wall thickness of bottles in real-time. This can help ensure that bottles meet the required specifications and reduce the defects during the blow mold process.

• In May 2022, the U.S.-based plastic manufacturer and packaging company launched a new 32-cavity M3 micro molding machine which facilitates eight injection plunges that can be used for family mold applications. This helps them produce a variety of items by utilizing the same machine in one cycle. The company also has the capability to produce miniature products, which require complex designing and manufacturing.

• Industry players are using features such as high-cavitation molds, high-tonnage molding machines, and press-side automation to provide specialty packaging, including injection-molded lids and closures, stock extrusion blow-molded containers, and a wide variety of engineered custom products and assemblies to expel in the market. In 2021, the U.S.-based company Comar opened its largest facility to facilitate these features.

• In 2021, the U.S.-based company Sealed Air announced that it would use 3D printing technology to create new blow-molded packaging for its food line products. Packaging designed using this technology is more sustainable and eco-friendly than traditional packaging.

The growth is expected to be fueled by the increasing packaging demand across major industries. The utilization of blow-molding plastic packaging in the beverage industry is a key factor driving this trend. The rising demand is attributed to safety and precautionary measures to support health and hygienic factors. It reduces wastage by over 20% and increases shelf life to protect nutritional values.

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Blow Molding Plastic Packaging Sourcing Intelligence Highlights

• The global blow molding plastic packaging market is fragmented, with numerous small and large players operating in different regions. The competition between players is intense as they strive to gain a wider customer base and improve customer experiences.

• The suppliers have high bargaining power since raw materials constitute about 60% of the product. There is a significant impact on the prices of materials if the supplier raises the price.

• Raw materials, design, engineering, and manufacturing form the most significant cost components in the market total process. The overall cost also depends on the type of machine used for production, such as an Extrusion Blow, Injection Blow, and Injection Stretch Blow.

• Most of the service providers offer complete services from design development, quality check, and shipping of the product.

Blow Molding Plastic Packaging Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

• Market Intelligence, along with emerging technology and the regulatory landscape

• Market estimates and forecasts from 2024 to 2030

• Growth opportunities, trends, and driver analysis

• Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments

• Porter’s 5 forces

• Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis

• Engagement and operating models, KPI, and SLA elements

• LCC/BCC analysis and negotiation strategies

• Peer benchmarking and product analysis

• Market report in PDF, Excel, PPT, and online dashboard versions

Cost Intelligence Highlights

As part of the blow molding plastic packaging procurement intelligence report, Grand View Research has identified the following key cost components:

• Raw Materials

• Design and Engineering

• Manufacturing

• Inspection and Testing

• Labor

• Development

• Quality Assurance

• Direct and Indirect Overheads

• Type

  • Extrusion Blow

  • Injection Blow

  • Injection Stretch Blow

Raw materials, Design and Engineering, and Manufacturing form the largest cost components of the blow molding plastic packaging.

Blow Molding Plastic Packaging - Key Suppliers

• Niagara Bottling LLC

• Petainer UK Holdings Ltd.

• Nampak Plastics Europe Limited

• Plastipak Packaging Inc.

• Esterform Ltd.

• Plastic Technologies Inc.

• Toyo Seikan Kaisha Ltd.

• Graham Packaging Company Inc.

• Logoplaste Group

• Greiner Packaging International

• Sailor Plastics

• Artenius Pet Packaging Europe (Appe)

• Amcor Rigid Plastics

• Constar Plastics B.V.

• Berry Global Inc.