(MENAFN- Ameliorate Digital Consultancy) Exactitude Consultancy Market Research analyses that the Blow Molding Resins market will witness a CAGR of 7.3% for the forecast period of 2023-2029 and is likely to reach at USD 87.15 billion by 2029 from USD 46.22 billion in 2022.
The blow molding resins Market Research Report includes in-depth research and insights into the market size, revenues, important categories, growth drivers, limiting factors, and regional industrial presence. The goal of the market research study is to extensively explore the Chemical and Material industry and obtain an understanding of the business and its economic potential. As a consequence, the client gains wide information about the industry and business from the past, present, and future viewpoints, allowing them to spend money and deploy resources wisely. This report is 64 pages long and includes a detailed table of contents, a list of figures, tables, and charts, as well as significant analysis.
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Years considered for this report:
Historical Years: 2018-2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2029
Key Blow Molding Resin Market Driver
One of the key factors driving growth in the blow molding resin market is the growing demand for packaged beverages. The growing urbanization will positively influence the demand for packaged beverages during the forecast period. Changing consumer lifestyles are increasing the demand for on-the-go beverage products. The increasing demand for packaged beverages in emerging economies such as Brazil, China, India, South Africa, and Vietnam, owing to the rise in disposable incomes of consumers, is supporting the growth of the global blow molding resin market.
Key Blow Molding Resin Market Trend
The rising popularity of automation in molding techniques is another factor supporting the blow molding resin market share growth. Automation is required for performing repetitive tasks with high accuracy and precision. Technological advances and the use of innovative processes are driving the need for automation in the manufacturing units of vendors in the market. Automation provides many benefits in the field of molding techniques for plastics.
Key Blow Molding Resin Market Challenge
The growing global demand for pouch packaging solutions will be a major challenge for the blow molding resin market during the forecast period. Changing consumer lifestyles and the shift in consumer preference for flexible packaging solutions that offer ease of storage, handling, transportation, and use have increased the demand for pouch packaging solutions. Pouch packaging solutions are lightweight and have high printability and the ability to meet the need for single-serve uses.
Blow Molding Resins Market: Demand Analysis and Opportunity Outlook to 2023-2029
The Blow Molding Resins study defines the market size of various segments and countries by historical years and forecasts the value for the next 7 years. The report brings together qualitative and quantitative elements of the Blow Molding Resins industry, including: market share, market size (value and volume 2017-2022, and forecast to 2023-2029), in the highly competitive market for each country concerned Express appreciation. Furthermore, the study also caters and provides in-depth statistics on the key elements of Blow Molding Resins, which includes drivers and restraints that help in estimating the future growth prospects of the market.
The study pays attention to the loftiest revenue-generating and highest growing segments of the Blow Molding Resins market. This makes the research document accurately organized and systematic alongside encouraging a simpler understanding of each facet covered in this report. Major Key players profiled in the report include: Exxon Mobil Corporation, INEOS, LANXESS, Versalis S.p.A., AGC Chemicals Americas, EMS-CHEMIE HOLDING AG, Lyondellbasell Industries Holdings B.V, Sabic, China Petroleum Corporation, Solvay, Eastman Chemical Company, Formosa Plastics Group, Chevron Corporat and others.
Blow Molding Resin Market Recent Developments
In March 2021, ExxonMobil developed a new Paxon HDPE grade, SP5504, which offers a paradigm shift in the properties normally associated with the currently available unimodal HDPE resins. Offering a step-change in ESCR (Environmental Stress Cracking Resistance) performance without compromising stiffness, impact, top load performance, or processability, Paxon SP5504 is ideal for household and industrial chemical (HIC) bottles and containers for products, like bleach, wipes, and agricultural chemicals.
Blow Molding Resins Market Segmentation:
Blow Molding Resins Market by Type, 2023-2029, (USD Million) (Kilotons)
Polyethylene Polypropylene Polyvinyl Chloride Polyvinyl Terephthalate
Blow Molding Resins Market By Application, 2023-2029, (USD Million) (Kilotons)
Packaging Automotive & Transportation Construction & Infrastructure
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Geographically, the following regions were investigated:
North America (United States, Canada and Mexico) Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia) South America (Brazil, Argentina, Colombia, and Rest of South America) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Blow Molding Resins market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Blow Molding Resins market, the years measured, and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a product, value, SWOT analysis, their ability and other significant features.
Manufacture by region: This Blow Molding Resins report offers data on imports and exports, sales, production and key companies in all studied regional markets
What is the purpose of this report?
A thorough review of the Blow Molding Resins market, including regional markets. Comprehensive coverage of all segments of the Blow Molding Resins market to assess trends, developments and market size forecasts till 2023-2029. A thorough examination of deals involved in the Blow Molding Resins market including product portfolio, revenue, SWOT analysis and recent company advancements are examined in the company profile. The growth matrix analyzes the product categories and geographic regions in which market companies should focus their efforts to invest, consolidate, expand and/or diversify.
There are 13 Sections to show the Blow Molding Resins market:
Chapter 1: Blow Molding Resins Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue, and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8 : Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10 : Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Blow Molding Resins Market Forecast
Chapter 13: Blow Molding Resins Market Research Findings and Conclusion, Appendix, methodology, and data source
Key questions answered in the report include:
What is the growth potential of the Blow Molding Resins market? Which regional markets will emerge as leaders in the next few years? What are the key challenges facing the Blow Molding Resins market in the future? Who are the most prominent players in the global Blow Molding Resins market? What are the key trends positively impacting market growth?
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