| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Blow Molding Resin Market Analysis
The Blow Molding Resin Market is expected to register a CAGR of greater than 5% during the forecast period.
The COVID-19 pandemic impacted the market negtively, as lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. The construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021, which was expected to benefit the market during the forecast period.
- Over the medium term, the factors driving the market growth for blow molding resins are rising demand from the packaging industry and construction sector in the Asia-Pacific region.
- However, on the flip side, the COVID-19 impact and high maintenance cost associated with blow molding resins are expected to hinder the market growth.
- The production technique innovation and ongoing R&D activities provide an opportunity for the market to grow in the future.
- Asia-Pacific is expected to dominate the global market due to rapid urbanization and industrialization, leading to a huge demand for blow molding resins from countries such as China, Japan, and India.
Blow Molding Resin Market Trends
Growing Demand from Packaging Segment
- Blow molding resins, such as polyethylene, polyethylene terephthalate, etc., are widely used to manufacture bottles and containers for various applications, ranging from shampoo bottles to industrial drums.
- Due to their transparency, stiffness, excellent melt strength, processability, and environmental stress-crack resistivity, these resins are widely used to manufacture blow-molded products, which are further used in several packaging applications. In 2021, an estimated 583 billion plastic bottles were produced.
- According to PMMI (The Association for Packaging and Processing), the North American beverage packaging industry is expected to increase by 4.5% from 2018 to 2028, with the United States leading the beverage packaging sector.
- According to Plastic Soup Foundation, the amount of plastic produced worldwide every year has to be over 390 million tons in 2021. The production is expected to reach about 1480 million tons by 2050.
- In 2021, the United States produced 123.9 billion pounds of resins. High-density polyethylene (HDPE) was the most produced resin in 2021, with an output of 22 billion pounds. Linear low-density polyethylene (LLDPE) accounted for a nearly similar production volume, at 21.7 billion pounds.
- PP is perhaps the most used plastic resin globally. The plastic has good chemical and electrical resistance, hardness, high melting point, stress resistance, and high elasticity. Therefore, it is considered an essential resin type in the construction industry.
- The U.S. federal government plans to invest USD 2 trillion over 10 years for infrastructure development. A low-risk environment, a stable economy, and a robust financial sector characterize the country. These factors have provided many opportunities for investors in recent years, which are likely to trigger infrastructure spending in the country.
- Bottle production is rising rapidly in almost all nations due to the hectic lifestyles among consumers, which have fueled the demand for on-the-go beverages. According to industry estimates, bottles and containers comprise 53% of high-density polyethylene (HDPE) products.
- Therefore, the growing packaging industry is expected to fuel the demand for blow molding resin globally through the years to come.
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Asia-Pacific to Dominate the Market
Asia-Pacific is expected to dominate the global market owing to huge demand from countries such as China and India.
The revenue of the global construction industry is expected to grow steadily over the next few years and reach USD 4.4 trillion by 2030. China is investing USD 1.43 trillion in major construction projects in the next five years till 2025. According to National Development and Reform Commission (NDRC), the Shanghai plan includes an investment of USD 38.7 billion in the next three years. In contrast, Guangzhou signed 16 new infrastructure projects with an investment of USD 8.09 billion.
The packaging industry in China is expected to witness tremendous growth, and it may record a CAGR of nearly 6.8% to reach USD 0.3 trillion by 2025. This positive momentum in the packaging industry is expected to ignite market demand.
The India Packaging Market is the fifth largest sector. It is expected to reach USD 204.81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025, according to the Packaging Industry Association of India (PIAI).
Additionally, The construction sector in the country is among the fastest-growing in the world, largely driven by the investments embarked on by the country's infrastructure sector. Initiatives such as the 'Housing for All' and 'Smart City Mission' are expected to drive the construction sector in the country and thereby increase the demand for blow-molded products in the industry.
China has numerous airport construction projects in the development or planning stage. These include Beijing Capital International Airport, Chengdu Shuangliu International Airport, Guangzhou Baiyun International Airport, etc. Additionally, the government rolled out massive construction plans to move 250 million people to its new megacities over the next 10 years.
The electric vehicle industry in South Korea is expected to grow rapidly. In 2021, nearly 71,000 units of electric vehicles were sold in the country. South Korean sales of electric vehicles surged by 96% to 71,006 units in the first nine months of 2021, according to data collected by the Korea Automotive Technology Institute (KAII). The sales figure is expected to increase with the growing demand from the importing economies in Europe, Asia-Pacific, and the Americas.
Thus, the abovementioned factors are expected to impact the market in the coming years significantly.
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Blow Molding Resin Industry Overview
The Blow Molding Resin Market is fragmented in nature, with the presence of a significant number of players in the global market. Some of the major companies dominating the market include (not in a particular order) Exxon Mobil Corporation, Eastman Chemical Company, SABIC, Solvay, and Chevron Phillips Chemical Company LLC, among others.
Blow Molding Resin Market Leaders
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Exxon Mobil Corporation
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Eastman Chemical Company
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SABIC
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Solvay
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Chevron Phillips Chemical Company LLC
- *Disclaimer: Major Players sorted in no particular order
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Blow Molding Resin Market News
- August 2022: SABIC expanded its product portfolio in engineering plastics by launching new chemically resistant LNP CRX polycarbonate (PC) copolymer resins with four new grades.
- ]July 2022: BASF SE opened up new manufacturing facilities for engineering plastics in the Zhanjiang Verbund site in the province of Guangdong in South China, with an annual capacity of 60,000 metric tons.
Blow Molding Resin Industry Segmentation
Blow molding is a method of producing hollow plastic parts by forming and joining them together. It is also used to produce glass bottles and other hollow shapes. There are three main types of blow molding: extrusion blow molding, injection blow molding, and injection stretch blow molding.
The Blow Molding Resin Market is segmented by type, end-user industry, and geography. By type, the market is segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. By end-user industry, the market is segmented into packaging, transportation, construction, electronics, and other end-user industries. The report also covers the market size and forecasts for the blow molding resin market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo metric tons).
| By Type | Polyethylene | ||
| Polypropylene | |||
| Polyvinyl Chloride | |||
| Polyethylene Terephthalate | |||
| Other Types | |||
| By End-user Industry | Packaging | ||
| Transportation | |||
| Construction | |||
| Electronics | |||
| Other End-user Industries | |||
| By Geography | Asia Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle-East and Africa | |||
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Blow Molding Resin Market Research FAQs
What is the current Blow Molding Resin Market size?
The Blow Molding Resin Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in Blow Molding Resin Market?
Exxon Mobil Corporation, Eastman Chemical Company, SABIC, Solvay and Chevron Phillips Chemical Company LLC are the major companies operating in the Blow Molding Resin Market.
Which is the fastest growing region in Blow Molding Resin Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Blow Molding Resin Market?
In 2025, the Asia Pacific accounts for the largest market share in Blow Molding Resin Market.
What years does this Blow Molding Resin Market cover?
The report covers the Blow Molding Resin Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Blow Molding Resin Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Blow Molding Resin Industry Report
Statistics for the 2025 Blow Molding Resin market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Blow Molding Resin analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
