The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Blow Molded Containers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Blow Molded Containers
The report offers actionable and valuable market insights of Blow Molded Containers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Blow Molded Containers Market across various industries and regions.
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The broader trends impacting the packaging industry are also influencing the dynamics in the blow molded containers market. Global demand for blow molded containers is likely to reach nearly 33,000 kilo tons by 2018-end, equaling a market value of over US$ 185 billion. These insights are according to a latest market research study by Fact.MR.
A wide-range of discrete aspects, ranging from shift toward sustainability to rising demand for puncture-resistant packaging solutions, are likely to underpin the growth of blow molded containers market during the assessment period. Demand for blow molded containers continues to be influenced by their resistance to abrasion and high recyclability. Growing popularity of single-serve beverages and convenience foods is also likely to create sustained opportunities for blow molded containers market players during the assessment period. The report opines that market players offering customized and proprietary containers in a wide-range of shapes are likely to achieve long-term customer retention.
This newly published and insightful report sheds light on Market Insights of Blow Molded Containers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Blow Molded Containers Market.
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Blow Molded Containers Market Segmentation
Fact.MR has studied the blow molded containers market with detailed segmentation on the basis of material, product, sales channel, end-use industry, and key regions.
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Stringent Regulatory Policies Will Continue to Spur the Demand for Blow Molded Containers in the Regional Markets
Trends and regulatory policies for the packaging industry differ in every region impacting the overall blow molded containers market globally. Plastic packaging manufacturers have to abide by EU regulations that restrict single-use plastic products and move towards a sustainable packaging industry by the end of 2030.
The entire value chain has to be aligned effectively to succeed in the long term. The EU has been urging and investing in newer technologies for plastic recycling and developing bio-based plastics.
The Asia Pacific region accounts for the majority share in the global blow molded containers market. China and India together account for over 35% of the worldwide population. With a vast population and lower per capita plastic consumption as compared to the Western Countries, these countries will register higher growth rates in plastics processing markets.
Overall, Greater China has been a manufacturing hub in the region with focus increasing towards other Asian countries such as India. India is forecast to register the highest growth in the region, whereas Greater China will account for the major share. Japan, on the other hand, has accounted for a mere single-digit share in the market owing to the domestic beverage manufacturers having a stronghold in the market along with foreign manufacturers.
Kirin, Asahi, Suntory, Sapporo, Calpis, Itoen, Nestle Coca-Cola are some of the companies present in the country. Personal care and pharmaceutical industries are projected to grow in Japan, owing to its population demographics.
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