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Global Blow Molded Containers Market Highlighting Regional Revenue Share Dominance during 2018-2028
Global demand for blow molded containers is likely to reach nearly 33,000 kilo tons by 2018-end, equaling a market value of over US$ 185 billion.
Blow molded containers are synthesized through the process of ‘blow molding’, wherein a plastic tube is heated and is supplied with air till it essentially forms a balloon of hot plastic, named as ‘parison’. A mold is clamped around this balloon-like structure, whereas air continues to mold the parison into a particular shape.
The research study on blow molded containers market offers a holistic evaluation of the industry dynamics with regard to both current scenario as well as futuristic projections. The data points featured in the blow molded containers report have been gleaned by leveraging on proven research approaches and assumptions. The blow molded containers market report serves as an exhaustive repository consisting of all the focal points necessary to gauge the industry growth of blow molded containers market.
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Blow Molded Containers with Efficient Barrier Properties - An Imperative for Convenience Food Sector
The packaging type plays a pivotal role in safeguarding the quality attributes. In order to keep up with the evolving needs, manufacturers are increasingly investing in the barrier properties of plastic blow molded containers to enhance their appeal for food and beverage applications. By integrating a variety of barrier solutions, ranging from EVOH to light inhibitors, manufacturers of plastic blow molded containers are exploiting prime opportunities created by the convenience food and beverages sector. Moreover, rising affinity toward use of containers with enhanced gas barrier properties is one of the prime opportunities for the market players to cash on.
Foam Blow Molding Technology Gaining Traction Owing to its Feasibility in Cost-minimization
The evolving ‘foam blow molding technology’ is gaining adoption among end-users on account of the broader focus on sustainability and environmental conservation. This technology offers high potential with regard to cost-effectiveness, as it enables production of light-weight containers with reduced plastic usage. In addition to that, this technology also fuels an additional cost-saving potential for the market players of blow molded containers in terms of transportation. As the freight cost involved in shipping of light-weight containers will be considerably less, manufacturers of blow molded containers are looking forward to rely on this technology to maximize their profits. For instance, leading players in the packaging industry such as Packaging Technologies Inc. and ALPLA Group are proactively investing on the incorporation of foam blow molding technology.
Specialized and Customized Offerings as per Unmet Requirements of Customers – A Key to Achieve High Customer Retention
Market players of blow molded containers are executing multiple strategies to thrive in the highly competitive and fragmented marketplace. Furthermore, the market players are also aware of the fact that end-users are under no obligation to opt for a solution with a common set of specifications, instead they are on the lookout for the ones catering to their own personal interests. Sensing this trend, manufacturers of blow molded containers are focusing on enhancing their in-house capabilities to offer custom mold manufacturing as per the end-user specifications, which will add substantial values to their brands.
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Blow Molded Containers Market Characterized by Proliferation of Tier II Players in Asia Pacific
The blow molded containers market is marked by high levels of fragmentation, with Asia Pacific particularly home to a large number of Tier II companies. These blow molded container companies are specifically focusing on increasing their market share through cost-effective offerings. The product and business strategy of Tier II companies is also aligned on launching cheaper alternatives to the market. The Tier II companies are also focusing on capacity expansion to cater to the growing demand for blow molded containers.
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