Key Insights of Blow Molded Containers Market
Blow Molded Containers Market Characterized by Proliferation of Tier II Players in Asia Pacific
The blow molded containers market is marked by high levels of fragmentation, with Asia Pacific particularly home to a large number of Tier II companies. These blow molded container companies are specifically focusing on increasing their market share through cost-effective offerings. The product and business strategy of Tier II companies is also aligned on launching cheaper alternatives to the market. The Tier II companies are also focusing on capacity expansion to cater to the growing demand for blow molded containers.
Blow Molded Container Manufacturers Focusing on Production Optimization to Reinvigorate Potential
Manufacturers continue to emphasize on optimized production of high-quality blow molded containers. The pervasive trend of fine-tuning production is triggering the development of new technologies into the current framework. Moreover, further requirements for energy savings and mitigating excess material consumption is also gaining centerstage among manufacturers in the blow molded containers market, thereby encouraging integration of efficient technologies into the manufacturing assemblies. For instance, the pervasive trend of integrating pneumatic systems into blow molding machines for real-time monitoring of the manufacturing process is one of such technological breakthroughs. With such technologies mainstreaming in the blow molded containers market, it is highly likely that manufacturers might revise their manufacturing framework and associated strategies for attaining long-term sustainable benefits.
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Blow Molded Containers with Efficient Barrier Properties – An Imperative for Convenience Food Sector
The packaging type plays a pivotal role in safeguarding the quality attributes. In order to keep up with the evolving needs, manufacturers are increasingly investing in the barrier properties of plastic blow molded containers to enhance their appeal for food and beverage applications. By integrating a variety of barrier solutions, ranging from EVOH to light inhibitors, manufacturers of plastic blow molded containers are exploiting prime opportunities created by the convenience food and beverages sector. Moreover, rising affinity toward use of containers with enhanced gas barrier properties is one of the prime opportunities for the market players to cash on.
Foam Blow Molding Technology Gaining Traction Owing to its Feasibility in Cost-minimization
The evolving ‘foam blow molding technology’ is gaining adoption among end-users on account of the broader focus on sustainability and environmental conservation. This technology offers high potential with regard to cost-effectiveness, as it enables production of light-weight containers with reduced plastic usage. In addition to that, this technology also fuels an additional cost-saving potential for the market players of blow molded containers in terms of transportation. As the freight cost involved in shipping of light-weight containers will be considerably less, manufacturers of blow molded containers are looking forward to rely on this technology to maximize their profits. For instance, leading players in the packaging industry such as Packaging Technologies Inc. and ALPLA Group are proactively investing on the incorporation of foam blow molding technology.
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Specialized and Customized Offerings as per Unmet Requirements of Customers – A Key to Achieve High Customer Retention
Market players of blow molded containers are executing multiple strategies to thrive in the highly competitive and fragmented marketplace. Furthermore, the market players are also aware of the fact that end-users are under no obligation to opt for a solution with a common set of specifications, instead they are on the lookout for the ones catering to their own personal interests. Sensing this trend, manufacturers of blow molded containers are focusing on enhancing their in-house capabilities to offer custom mold manufacturing as per the end-user specifications, which will add substantial values to their brands.
The research study on blow molded containers market features prominent players on the basis of multiple facets, ranging from revenue shares to geographical presence. Some of the key players included in the research study on blow molded containers market are Amcor Limited, RETAL Industries Ltd., Greif, Inc., Mauser Group B.V., O. Berk Company LLC, Alpha Packaging, Blow Molded Specialties Inc. In order to consolidate their market position, key players are focusing on multiple differential strategies, ranging from investing in R&D efforts to forming strategic collaborations, for attaining competitive advantage in the blow molded containers market.
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Amcor Limited, a leading player in the blow molded containers market, launched LiquiForm® technology with the commercialization of the first consumer package, which can potentially curtail carbon footprint associated with filling & packaging.
RETAL Industries Ltd., a key player in the blow molded containers market, invested €4m to extend its Lithuania APET film and caps plant to solidify its production capacities.
Alpha Packaging, a prominent player in the blow molded containers market, specializes in extrusion blow molding, injection blow molding, and injection stretch blow molding. Moreover, it also offers various standard colors for both PET as well as HDPE packaging.
APEX Plastics, a prominent player in the blow molded containers market, bought a new extrusion blow molding machine for installation at its production facility located in Missouri, US.
Definition of Blow Molded Containers Market
Blow molded containers are synthesized through the process of ‘blow molding’, wherein a plastic tube is heated and is supplied with air till it essentially forms a balloon of hot plastic, named as ‘parison’. A mold is clamped around this balloon-like structure, whereas air continues to mold the parison into a particular shape.
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About the Report
The research study on blow molded containers market offers a holistic evaluation of the industry dynamics with regard to both current scenario as well as futuristic projections. The data points featured in the blow molded containers report have been gleaned by leveraging on proven research approaches and assumptions. The research report on blow molded containers market serves as an exhaustive repository consisting of all the focal points necessary to gauge the industry growth of blow molded containers market.
By material type, blow molded containers market can be classified as PET, HDPE, Polypropylene, Polystyrene, PVC, LDPE, Polycarbonates, and others. Sensing the diverse needs amid the customer marketplace, the manufacturers of blow molded containers provide different product types including bottles & cans, jugs and jars, vials, drums, pails, IBCs, and water tanks. Various end-use industries in the blow molded containers market include food and beverages, cosmetics & personal care, household, homecare, & toiletries, pharmaceuticals & medical, pharmaceuticals & medical, chemicals & industrial, and others. For sales and distribution of blow molded containers, different sales channel involved in the blow molded containers include b2b and b2c channels. The blow molded containers market has been gauged across key regions of North America, Latin America, Western Europe, Eastern Europe, MEA, APEJ, and Japan.
Additional Questions Answered
Some of the additional questions answered in the report on blow molded containers market include-
What are the various sustainability strategies adopted by key players in the blow molded containers market to strengthen their foothold?
Which region will dominate the blow molded containers market in terms of revenue and which segment will exhibit fastest growth?
What are the untapped opportunities pervasive in the blow molded containers market and the subsequent analysis?
Fact.MR recently added a new research report on blow molded containers market to its all-inclusive repository, wherein an iterative and an exhaustive research methodology has been focused in a bid to provide the most accurate estimates and forecast possible for blow molded containers market. The research methodology used in the report on blow molded containers market is a viable combination of bottom-up and top-down approaches for segmenting as well as estimating the vital aspects of the blow molded containers market. In addition to that, cross-verification is a recurring theme all over the research report on blows molded containers market, wherein the data points included in this report on blow molded containers market are validated repeatedly to avoid data discrepancies.
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Nandini Roy Choudhury is a thought leader and subject matter expert on a range of industries, notably retail & consumer goods. Her analytical skills and lucid qualitative analysis have made her an authoritative figure on this domain.