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Blow Molded Plastics Market to reach USD 105.75 Billion by 2026; acquisition of Quality Plastics, LLC by IntraPac International Corporation to Bolster Healthy Growth, says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, Dec. 12, 2019 (GLOBE NEWSWIRE) — The global Blow Molded Plastics Market is predicted to reach USD 105.75 Billion by 2026, exhibiting a CAGR of 4.7% during the forecast period. Some of the major applications of blow molded plastics are transportation, packaging, building & construction, electrical & electronics, consumer products, and others. Blow molded plastics are majorly used in the packaging industry as it possesses numerous properties, such as heat resistance and lightweight. It is the perfect material for packaging. The packaging segment accounted for 48.98% in 2018 and is expected to grow significantly. The blow molded plastics also have considerable demand in the building and construction industry due to applications such as pipes and fittings, wires, and others. The increasing applications of blow molded plastics will boost the blow molded plastics trends in the forthcoming years.According to the report, published by Fortune Business Insights™ in a report, titled “Blow Molded Plastics Market Size, Share & Industry Analysis, By Resin (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Acrylonitrile butadiene styrene (ABS) and Others), By Molding Method ( Extrusion Blow Molding, Injection Blow Molding, Stretch Blow Molding, Rotational Blow Molding and Others), By Application (Transportation, Packaging, Building & Construction, Electrical & Electronics, Consumer Products and Others), and Regional Forecast, 2019-2026” the market was valued at USD 73.66 Billion in 2018. The report offers valuable insights into all the prevalent trends of global Blow Molded Plastics Market size. It shares an all-encompassing synopsis of all the segments and provides analytical statistics on the different regions of the market. It is created after extensive research followed by complete analysis to support companies, stakeholders, financers and potential investors. It is designed to provide a vibrant illustration of the market size. In addition, it also includes the latest advancement and development, product launches, acquisitions, collaborations & partnerships, and others.
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List of Key Companies in the Blow Molded Plastics Market Include;Apex PlasticsInpress Plastics Ltd.International Automotive Components GroupGarrtech, Inc.Berry Global, Inc.Pet All Manufacturing, Inc.Magna International, Inc.Berry Global, Inc.Comar, LLCRutland Plastics Ltd.The Plastic Forming Company, Inc.Agri-Industrial PlasticsCreative Blow Mold ToolingNorth American Plastics, Ltd.INEOS GroupOther
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Acquisition of MHT Holding AG by Krones will Facilitate Speedy GrowthThe growing government support for recycling and reusing plastic to eradicate pollution and landfills will enable the growth of the market. This factor will create lucrative opportunities for plastic manufacturers and recyclers in the coming future. Furthermore, in November 2018 Krones, a filling and packaging equipment manufacturer, which also includes blow molded machines acquired MHT Holding AG, a mold and hot runner supplier for PET performs, based in Germany. This acquisition was made to expand the company’s PET value chain to meet the increasing demand from customers. The acquisition between the companies is expected to aid the healthy growth of the market in the foreseeable future.
Moreover, the acquisition of Quality Plastics, LLC by IntraPac International Corporation, is expected to uplift the Blow Molded Plastics Market share during the forecast period. For instance, IntraPac International Corporation, a manufacturer of rigid packaging solutions, acquired Quality Plastics, LLC, a manufacturer of custom extrusion to containers, based in Arizona. With this acquisition, IntraPac will further expand its manufacturing footprint on the West Coast and expand its product offering into high-density polyethylene bottles segment.Increasing Demand for Ready-To-Eat Packaged Food to Support Growth in EuropeNorth America generated a revenue of USD 13.57 Billion and is expected to grow profoundly during the forecast period owing to the presence of key players in the region. Blow Molded Plastics Market in Europe is projected to witness high growth in the forthcoming years. The increasing demand for ready-to-eat packaged food and beverages will contribute positively to the growth of the market. Besides, the growing utilization of blow molded plastics for drinking water and juices bottles is another factor driving the market in Europe. Latin America and the Middle East & Africa is expected to exhibit a slower growth rate market value compared to other regions due to the fewer production capacities for blow molded plastics in the area, coupled with low population.
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Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Industry TrendsOverview of Global Blow Molded Plastics ProductionGlobal Blow Molded Plastics Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypePolyethylene Terephthalate (PET)Polyethylene (PE)Polypropylene (PP)Polyvinyl Chloride (PVC)Polystyrene (PS)Acrylonitrile butadiene styrene (ABS)OthersMarket Analysis, Insights and Forecast – By Molding MethodExtrusion Blow MoldingInjection Blow MoldingStretch Blow MoldingRotational Blow MoldingOthersMarket Analysis, Insights and Forecast – By ApplicationTransportationPackagingBuilding & ConstructionElectrical & ElectronicsConsumer productsOthers)Market Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia pacificLatin AmericaMiddle East & AfricaTOC Continued…!
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Polyethylene (PE) Market Size, Share & Industry Analysis, By Type (HDPE, LDPE, LLDPE), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Agriculture, Others), and Regional Forecast, 2019-2026Rubber Market Size, Share & Industry Analysis, By Type (Natural, and Synthetic), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, and Others), and Regional Forecast, 2019-2026Polymer Foam Market Size, Share & Industry Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2019-2026About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.  At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:
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