New York (United States):- The global blow molded plastic market size was US$ 77.8 billion in 2021. The global blow molded plastic market is forecast to grow to US$ 107.4 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2022 to 2030.

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Blow molding is a manufacturing process of transforming plastic tubes into the desired shape. Blow-molded plastic is considered efficient because of its lightweight properties. In addition, it is cost-friendly and convenient to store and ship.

The benefits of blow-molded plastic, such as lightweight and convenience of shipping, will fuel the growth of the global blow molded plastic market. In addition, the vital applications of blow-molded plastic in the packaging, automobile, consumables and electronics, construction, and healthcare industry will drive the market forward.

Rising disposable income and growing demand for packed beverages and liquid products will escalate the growth of global blow-molded plastics.

Increasing demand for flexible packaging will prompt the growth of the global blow molded plastic market. Furthermore, the applications of blow-molded plastic in housewares, furniture, appliances, luggage, and other applications will accelerate the growth of the market.

Growing environmental concerns related to the use of plastics will boost the growth of the global blow molded plastic market.

The wake of the COVID-19 pandemic upsurged the demand for various pharmaceutical products, disinfectants, and sanitizers. As a result, it has been beneficial for the global blow molded plastic market. In addition, the lightweight properties of the blow-molded plastic made it suitable for product storing and shipping. As a result, the global blow molded plastic market witnessed significant growth opportunities due to the wake of the pandemic. However, the market for blow-molded plastic observed various challenges due to cross-border restrictions imposed by governments.

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The Asia-Pacific blow-molded plastic market is forecast to grow at the fastest growth rate. It is owing to the favorable economic situation. Furthermore, the region is home to prominent end-use industries of blow-molded plastic, such as automotive, healthcare, electronics, etc. As a result, it will drive the Asia-Pacific blow-molded plastic market forward.

The blow-molded plastic market in North America is forecast to witness significant growth due to the rapidly growing food and beverage industry. In addition, the growing automotive and packaging industry in the region will drive the blow-molded plastic market forward.

The global blow molded plastic market segmentation focuses on Product, Technology, Application, and Region.

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What are the key findings of the report?

•This report provides comprehensive information on factors expected to influence the market growth and market share in the future. •The report offers the current state of the market and future prospects for various geographical regions. •This report provides both qualitative and quantitative information about the competitive landscape of the market.

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