Global Blow Moulds Market Report and Forecast 2024-2032

Global Blow Moulds Market Outlook

The global blow moulds market is expected to grow in the forecast period of 2024-2032 at a CAGR of 4.20%.

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The Asia Pacific to Provide Significant Growth Opportunities to the Blow Moulds Industry

Geographically, the Asia Pacific is a significant region in the global blow moulds industry. The growing demand for blow moulding in various sectors such as automotive, personal care, and construction, among others is driving the market growth. Increasing utilisation of plastic or blow mould to prepare different components in the automotive sector is aiding the market growth. Within the Asia Pacific, China has been witnessing a rapid expansion of various end use industries, which is leading to an increased utilisation of blow moulds for various applications. Additionally, due to the outbreak of the COVID-19, the demand for several pharmaceuticals has increased, leading to a growth of the medical sector, thereby enhancing the demand for blow moulding in the region.

Meanwhile, the HDPE segment accounts for a significant market share based on type. The extrusion blow moulding markets for high-density polyethylene (HDPE) have been growing at a healthy pace. They are widely utilised to prepare large holding tanks and drums, and automotive fuel tanks, among others.

Blow Moulds: Market Segmentation

Blow moulding is a process of forming hollow objects or vacuous plastic parts in the correct form by blowing a thermoplastic molten tube, called a parison, in the shape of a mould cavity. It is used to form glass bottles or any other hollow shapes. It is utilised to manufacture large volume, one-piece hollow objects. Blow moulding constitutes three main thermoplastic processes, namely, extrusion blow moulding, stretch blow moulding, and injection blow moulding.

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By type, the market is divided into:

• HDPE
• PET
• PVC
• Polypropylene
• Others

The market can be broadly categorised on the basis of its applications into:

• Food and Beverage
• Personal Care Products 
• Medical Industry
• Automobile Industry
• Household and Cleaning Products
• Industrial and Agricultural Chemicals
• Others

The EMR report looks into the regional markets of blow moulds like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Advancements in Technology to Augment the Blow Moulds Industry Growth

The rise in consumption of packed food items due to the hectic schedule of the working class, coupled with the rising disposable incomes, is one of the major factors leading to the growth of the blow moulds industry. In addition, an increase in demand for personal care products is aiding the market growth due to the growing demand for plastic containers and different packaging products including bottles. Furthermore, blow moulding is widely used in the automobile sector to produce parts like bumpers, air ducts, and seat backs, among others. Rap id advancements in technology and growing innovations like the development of fully electric blow moulding machinery are expected to drive the growth of the blow moulds industry in the forecast period. There is an increasing demand for machineries that can deliver higher accuracy, greater cost-efficiency, and maximum flexibility to offset the significantly rising cost of production in different sectors, which is expected to aid the market

Key Industry Players in the Global Blow Moulds Market

The report presents a detailed analysis of the following key players in the global blow moulds market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Kiefer Mold Technologies
• Heise Industries Inc
• GDXL
• Creative Blow Mold Tooling
• Cado Company
• Valencia Plastics Inc.
• PET Technologies
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report