Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 76.1 Billion | USD 99.2 Billion | 3.5% | 2020 |
FrequentlyAsked Questions
With massive product penetration across construction, packaging, and automotive sectors, expansion of blow molded plastics industry is likely to gain momentum over assessment period. Humungous use of blow molded plastics in healthcare sector will enlarge scope of market growth over forecasting timeframe. It also finds huge applications in consumables, electronic products, and packaging.
According to Zion market research report, the global Blow Molded Plastics Market accrued earnings worth approximately 76.1 (USD Billion) in 2020 and is predicted to gain revenue of about 99.2(USD Billion) by 2028, is set to record a CAGR of nearly 3.5% over the period from 2021 to 2028.
Asia Pacific region will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to presence of large number of regional manufacturers in sub-continent. Rise in acceptance of new blow molded plastic technologies in countries such as Japan, India, and China will proliferate regional market size. China is likely to be major regional revenue pocket over coming decade.
The key market participants include International Automotive Components (IAC) Group, Creative Blow Mold Tooling, Rutland Plastics Ltd., The Plastic Forming Company, Inc., Comar, LLC, Inpress Plastics Ltd., Garrtech, Inc., Magna International, Inc., Agri-Industrial Plastics Co, and Gemini Group, Inc.
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