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Blow Molding Resin Market Trends

Report ID: GMI9150
Published Date: Apr 2024
Report Format: PDF

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Blow Molding Resin Market Trends

A prominent trend in the blow molding resin industry is the growing emphasis on sustainability and environmental consciousness. Manufacturers are increasingly adopting recycled and bio-based resins to address concerns about plastic waste and carbon footprint. This trend aligns with consumer preferences for eco-friendly packaging solutions across various industries. Additionally, innovations in barrier technologies are enhancing the performance of blow-molded products, enabling extended shelf life and improved product protection. Furthermore, there is a rising focus on circular economy principles, driving initiatives for closed-loop recycling and the development of biodegradable resins, shaping the future trajectory of the market towards more sustainable practices.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for blow molding resin recorded USD 11.1 billion in 2023 and will depict over 6.6% CAGR from 2024 to 2032, led by the increasing demand for lightweight and sustainable packaging solutions across food & beverage, pharmaceutical, and automotive sectors.

The polyethylene resin segment in the blow molding resin industry is estimated to be worth over USD 6.2 billion by 2032, due to the surging demand for recycled PE resins and increasing environmental concerns and regulatory mandates.

Asia Pacific industry is anticipated to grow at 6.2% CAGR from 2024 to 2032 and is projected to be worth USD 6.3 billion by 2032, owing to the expanding manufacturing industries and the rising consumer demand for packaged goods.

Chevron Corporation, Dow, Eastman Chemical Company, Exxon Mobil, INEOS, Lanxess, Lyondellbasell Industries, SABIC, Solvay, and Toray Industries are some of the leading blow molding resin companies worldwide.