Rockville, April 08, 2024 (GLOBE NEWSWIRE) -- As per Fact.MR industry analysis, the global HDPE blow molding and injection molding container market is expected to reach a size of US$ 11.51 billion in 2024 and increase to US$ 19.85 billion by the end of 2034.
The market for high-DENSITY POLYETHYlene (HDPE) blow molding and injection molding containers has grown steadily in recent years due to HDPE's varied uses and advantageous material properties. Both blow molding and injection molding technologies are commonly used in container manufacturing due to their ability to generate elaborate designs while assuring durability and cost-effectiveness. HDPE containers are widely used in many industries, including food and beverage, pharmaceuticals, chemicals, and personal care goods.
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The blow molding process is appropriate for making large and lightweight containers such as bottles and drums, whereas injection molding is best for smaller, more intricate shapes like caps and closures. Growing demand for sustainable and recyclable packaging solutions has bolstered the HDPE container industry, which is known for its recyclability and eco-friendliness. Furthermore, HDPE's inherent qualities, such as chemical resistance, impact strength, and barrier capabilities, contribute to the extensive use of HDPE containers across a variety of industries.
Key Takeaways from Market Study
- Global HDPE blow molding and injection molding container sales are projected to reach US$ 11.51 billion in 2024.
- The market is projected to increase at a CAGR of 5.6% from 2024 to 2034.
- North America is anticipated to reach a market value of US$ 4.72 billion by 2034-end.
- The chemicals & petrochemicals sector is expected to hold around one-fourth market share by 2034.
- China accounts for 72.5% market share in East Asia for HDPE blow molding and injection molding containers.
“High use of HDPE blow molding and injection molding containers in chemical & petrochemicals sectors due to their durability and cost-effectiveness,” says a Fact.MR analyst.
HDPE Containers Providing Compelling Economic Advantage Over Alternatives
Compared to other types of packing materials, HDPE containers provide a significant economic advantage. Manufacturing procedures used in blow molding and injection molding enable effective manufacturing of HDPE containers, resulting in lower production costs per unit. Because of their low cost, HDPE containers are an appealing option for companies in all kinds of sectors, especially those looking to improve their packaging solutions without sacrificing quality or durability.
Furthermore, the low cost of HDPE containers allows businesses to better allocate resources, resulting in increased overall operational efficiency and profitability. As organizations focus on cost reduction and operational optimization, the cheap cost of HDPE containers continues to drive their adoption and growth of the HDPE blow molding and injection molding container market.
Key Companies Profiled
- Greif, Inc.
- Arabian Gulf Manufacturers Ltd.
- Time Technoplast Ltd.
- Saudi Can Manufacturing Company Ltd
- Duplas Al Sharq LLC
- Greiner Packaging International GmbH,
- Pampa Industries (International) Corp.
- H&O Plastics Ltd.,
- Singa Plastic Limited
- Inpress Plastics Ltd.
- Mauser Group B.V.
- National Plastic Factory LLC.
- Nexus Plastic Ltd.
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Why is the United States an Important Market for HDPE Container Producers?
“Prioritize Efficient and Dependable Packaging Solutions”
The robust and varied economy of the United States prioritizes sectors like consumer goods, pharmaceuticals, chemicals, and industrial products, all requiring reliable packaging solutions. Benefitting from a well-developed infrastructure for manufacturing, distribution, and transportation, HDPE container enterprises efficiently access their intended audiences. Moreover, the nation's economic landscape encourages innovation and sustainability, fueling the demand for eco-friendly packaging materials like HDPE.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the HDPE blow molding and injection molding container market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on technology (blow molding, injection molding), end-use industry (food, beverages, pharmaceuticals, personal care & cosmetics, homecare, chemicals & petrochemicals), and container type (bottles & packer bottles, jerry cans, pails, drums, IBCs, crates, pallets, caps & closures, trays, bowls & cutlery), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
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