M a r k e t N e w s

Blow Molded Plastic Packaging Market Is Expected To Grow At A CAGR Of 4–5 Percent By 2023

Posted on : Tuesday , 1st October 2019

According to Beroe Inc, a procurement intelligence firm, innovation and technical advancements in the production process for blow molded plastic bottles will facilitate a consequent increase in the production of such bottles.

At a global level, blow molded plastic packaging is most prominently used in the beverages industry, accounting for approximately 49 percent of the consumption, followed by cosmetics and personal care (16 percent) and food (13 percent). 

The most commonly used blow-molded plastic resins are PET (58 percent) and PE (32 percent).
 
The APAC market for global blow molded plastic packaging has the highest growth predictions, forecasted to grow at a CAGR of 7–8 percent during the five-year period until 2023, followed by the Middle East/Africa markets, predicted to grow at a rate of 5-6 percent. 
The North American and Western European markets are matured and expected to grow at 2–3 percent, driven by personal care and beverage segments.
 
Liquiform is the innovative technology, which is emerging rapidly as the alternative of the traditional blow-molding process. It increases the overall efficiency of the packaging process and reduces lead time.
 
Lightweight plastic containers weigh 8–12 grams less, as they contain 25 percent less plastic than the regular plastic bottles, helping to save costs on raw materials, reduce logistics costs and carbon footprint per bottle.
The anti-counterfeit packaging market size is set to reach $198 billion by 2023, growing at a CAGR of 13–14 percent.
 
Innovations in track and trace technologies would be a key area of focus and growth in the packaging industry for the next 3-4years, with RFIDs (Radio-frequency identification) replacing barcodes as the preferred track and trace method.
 
Major companies manufacturing blow-molded bottles are trying to set up their own manufacturing plants in emerging regions, due to low costs for bottles, high growth of end-user industries, and low transportation costs.
 
Bioplastics are expected to be the focus of development for the blow molded packaging market for the next 10 years, with the market expected to grow at a CAGR of around 37–38 percent.
In comparison to petroleum-based plastics, bioplastics consume less energy, reduce waste and facilitate recycling, catering to growing environmental concerns among consumers and governments.

Source : newzmart
Featured Companies
  • Scan Holdings- Easy Open Ends, Penny Lever Lid, Spray dried coffee, Freeze dried coffee powder, Agglomerated Coffee, Beer Cans, Beer Neck Foils
  • /
  • Unipak Nile - Manufacturer of Corrugated Boxes & Displays - Egypt

Complete List  

Advertisers in previous issue:

  • Vuega Packaging Industries is a leading supplier of industrial & consumer packaging solutions in UAE.
  • It is publication which is serving the food & package industries in Asia.
  •  At Maple Leaf Plastic, we specialize in offering great savings to our customers by creating customized solutions to suit their individual needs.
  • Injection molding machines
  • Used plastic machinery
  • LOHIA CORP LIMITED formerly known as Lohia Starlinger Limited started in the year 1981 to address the flexible packaging needs of various sectors of industry in India
  •  Ipex is dedicated to managing the brands of world leading printing & related machinery manufacturers ensuring that we supply machinery from manufacturers of technologically advanced equipment, tailor-made for the Printing, Packaging and   Converting
  • Manufacturing and sales of flexible plastic packaging, multilayer packaging, B.O.P.P Metalized film for food grade packages etc.
  • Radhekrishna, a leading mechanical engineering enterprise in India,
  • Unipak Nile Ltd. manufactures corrugated containers, carton packaging, high-graphics shelf-ready packaging, and promotional point-of-purchase displays and counter stands.
  • Astro films, a quality conscious film manufacturer offer the best quality product in packaging film spectrum.
  • The   Stratex    company   was  founded  in  2002  in  response  to  the  urgent  needs of  Western humanitarian aid organizations in  Central  Asia.
  • Nile Trade Fairs focuses in International trade fairs & conferences to be ideal platforms for foreign and local companies doing business in the Middle East
  • Shree Ambica Industries is one of the most dynamic, technology driven company, which offers tailor made packaging solutions
  •  PANASIA TECH is a Hong Kong based company with various Original Equipment Manufacturing partners in Mainland China and India.
  • IGT Testing Systems specializes on Development, manufacturing and marketing of printability testing equipment and tack testing instruments for the worldwide paper industry, printing industry, graphical arts, plastic-, paint, ink and   coating industr
  • HP Indigo digital press, a division of HP, Hewlett Packard, is the worlds leading provider of high end, high quality, color digital printing solutions.
  • Preparing the PE raw materials in the shape of powder.
  • Manufacturer exporter of Paper Converted Stationery Products for the School & Office Segment.
  • Products includes adhesive tapes, masking tapes etc
  •  Static Control Components is the world
  • Machines
  • NMC is an internationally leading company active in the development, production and marketing of synthetic foams.
  •  Paperex  12th International Exhibition & Conference on Pulp & Paper Industry
  • Rawasy Al Khaleej Plastic Ind. is an integrated packaging company manufacturing rigid & flexible packaging products.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade