US-Blow Moulding Market - Forecast(2023 - 2028)

Report Code: CMR 1447 Report Format: PDF + Excel

US-Blow Moulding Market Overview

The US-blow moulding market was valued at US$15,600 million in 2021 and is forecast to reach US$19,894 million by the end of 2027 after growing at a CAGR of 4.8% during 2022-2027. Blow moulding involves injection moulding and extrusion blow moulding that find its massive use in a wide range of end-use industries. Blow moulding finds its high uses in the food and beverage industry as it assists in the high quality and precise manufacturing of plastic bottles, plastic drums, containers, and other plastic packaging parts in the desired shape. The food and beverage industry is expanding in the US with increasing spending, and this will contribute to the market’s growth in the forecast. For instance, as per data by the United States Department of Agriculture, the food-at-home spending segment that includes food purchased from convenience stores, supercentres, supermarkets, and other retailers surged from US$ 808.0 billion in 2019 to US$ 876.8 billion in 2020. Furthermore, blow moulding is extensively used in the county’s household care sector to produce plastic bottles for packing detergents, floor and kitchen cleaners, and various household chemicals. The household care sector in the US is booming and this will contribute to the market’s growth. For instance, as per the March 2021 survey by American Cleaning Institute (ACI), the usage of household cleaning products like bleach and bathroom cleaner by US consumers accounted for 23% and 30% in September 2020 compared to 19% and 23% respectively in March 2020. High-density polyethylene is projected to witness the highest demand in the forecast period. The market involves raw materials such as polypropylene and polyethylene terephthalate and their price fluctuation might hamper the market’s growth.

COVID-19 Impact

The US-blow moulding market was influenced due to the COVID-19 pandemic. The market witnessed substantial demand for blow moulding from end-use industries such as food & beverage, pharmaceutical, and household care. A shift in the consumer’s eating habits was noticed during the pandemic. The demand for food items such as snacks and ready-to-eat meals surged in the US as people were looking to cope with the social turmoil unleashed by the COVID-19. Furthermore, the market represented decent growth due to increasing production and sales of pharma drugs in the US. Going forward, the market is projected to witness robust growth owing to the expansion of end-use industries such as food & beverage, and pharmaceutical.

Report Coverage

The report: US-Blow Moulding Market Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the US-Blow Moulding Industry.

By Material Types: Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polypropylene, Low-Density Polyethylene (LDPE), Others.
By Application: Spreads, Edible Oils, Dressings and Sauces, Seasonings, Snack Foods, Packaged Water, Pet Food, Pet Care (Excluding Pet Food), Crop Protection, Automotive, Others.
By End Use Industry: Food & Beverages, Household Care, Pharmaceutical, Health & Beauty, Industrial, Automotive, Crop Protection, Petcare (Excluding Pet Food), Pet Food, Others

Key Takeaways:

  • High-density polyethylene is leading the US-blow moulding market. This type of material offers a good moisture barrier and allows the production of opaque packaging products, making it a suitable choice in the market. 
  • The food & beverage industry will drive the market’s growth in the forecast period. For instance, according to data by the United States of Agriculture, countries like the US have higher food spending compared to other countries globally. 
  • The household care sector will drive the market’s growth in the forecast period. For instance, as per the January 2019 data by American Chemical Society, demand for detergents is increasing in the US market with brands like Tide capturing the highest market share in the US laundry market.

 Figure: US-Blow Moulding Market Revenue Share, By End Use Industry, 2020 (%) 

US-Blow Moulding Market Revenue Share

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US-Blow Moulding Market - By Material Types 

High-density polyethylene held the largest market share in the US-blow moulding market in 2021 with a market share of up to 45%. HDPE is a chemically inert material that offers easy and cost-effective processing. This type of material also provides a superior moisture barrier and allows the production of excellent hollow packaging products. Owing to such diverse properties, market players are developing more high-density polyethylene-based products. For instance, in October 2020, US-based Berry Global that deals with blow moulding, introduced its new high-density polyethylene flip-top tube closure. Such increasing uses of high-density polyethylene will increase its uses in the forecast period. 

US-Blow Moulding Market - By Application 

The snack foods application segment held the largest market share in the US-blow moulding market in 2021 with a market share of 22%. Blow moulding finds its massive utilization in the manufacturing of plastic containers and bags for the packaging of a wide variety of snack foods such as cereal bars, potato chips, crackers, etc. The snack foods demand is increasing in the US as people are indulging more in snacking. As per the April 2021 report by Packaging Corporation of America, the appetite of consumers in the US has changed as people are more engaging in snacking appetite more post the pandemic. Similarly, as per the 2020 annual report by the US-based food manufacturing company Kellogg’s, the company’s net sales growth is driven owing to increased demand for food products that include snack foods. Such massive demand for snack foods is expected to augment the higher requirement of blow moulding for manufacturing plastic bottles and containers to pack the snack foods and in turn, this will contribute to the market’s growth in the forecast period. 

US-Blow Moulding Market - By End Use Industry 

The food & beverage industry held the largest market share in the US-blow moulding market in 2021 with a market share of 40%. The high demand for blow moulding is attributed to the rising food & beverage industry in the country. Blow moulding such as injection moulding and extrusion blow moulding are extensively used for the manufacturing of several plastic containers and bottles for packing various food items. The food & beverage industry in the country is booming with increasing production and consumption. For instance, as per the data by the US Economic Research Service (ERS), expenditure in the food at home segment increased in 2020, reaching US$ 1800 billion dollars. Similarly, as per the data by Agriculture and Agri-Food Canada, the combined sales of alcoholic beverages in Canada and the United States in 2019 stood at USD 309.1 billion, out of which retail sales in the US were valued at USD 260.2 billion. Such massive growth in the food & beverage industry in the US is expected to increase the higher uses of blow moulding for the manufacturing of several plastic containers and this will drive the market’s growth in the forecast period. 

US-Blow Moulding Market Drivers 

Booming household sector will drive the market’s growth 

The US accounts for one of the largest markets for household care products. The increasing concern for hygiene among consumers in the country is increasing the demand for household care products. Blow moulding finds its massive uses in the manufacturing of several plastic bottles and containers for packing and storing of household products and the increasing household sector in the country will drive the market’s growth in the forecast period. For instance, as per the April 2020 data by McKinsey, the demand for cleaning supplies doubled in March 2020 owing to the shift in consumer behaviour during the pandemic. Similarly, as per the October 2021 survey by the American Cleaning Institute (ACI), 70% of people in the US stated cleaning and disinfecting their home is the best way for ensuring safety environment for their family members. This increasing demand for household care products and increasing awareness about cleanliness among US consumers is anticipated to increase the higher requirement of blow moulding and this is expected to contribute to the blow moulding market’s growth during the forecast period. 

Expanding food & beverage industry will drive the market’s growth 

Blow moulding is an integral process in the food & beverage industry where manufacturing processes such as injection moulding and extrusion blow moulding is used for the manufacturing of diverse plastic containers and jars for packing a wide range of food items. The food & beverage industry is expanding in the country and this will propel the market’s growth. For instance, according to the report by the US Economic Research Service, the food at home segment held the maximum shares of total food expenditures in 2020 in the US. Similarly, as per the December 2021 report by census.gov, exports of alcoholic beverages (excluding wine) stood at US$ 168 million in October 2021 which was US$ 146 million in September 2021. Such increasing growth in the food & beverage sector is expected to stimulate the higher use of blow moulding for the manufacturing of various plastic containers and this will contribute to the blow moulding market’s growth during the forecast period. 

US-Blow Moulding Market Challenges 

Fluctuation in the prices of raw materials might hamper the market’s growth 

The blow moulding process involves raw materials such as polypropylene and polyethylene terephthalate which are petroleum-derived. The prices of these materials are fluctuating owing to the fluctuation in the price of petroleum and this might hamper the market’s growth during the forecast period. As per the report by ourworldindata.org, the price of crude oil in 2017 was USD 54.19 per barrel which jumped to USD 64.21 per barrel in 2019. The oil price again plunged to USD 41.84 per barrel in 2020. Such fluctuating oil prices created volatility in the price of petroleum which in turn is fluctuating the prices of the raw materials. This fluctuation in the raw material prices might affect the growth of the US-Blow moulding market in the forecast period. 

US-Blow Moulding Market Industry Outlook 

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the US-blow moulding market. Major players in the US-blow moulding market are: 

  1. Apex Plastics
  2. Berry Global
  3. The Plastic Forming Company
  4. Agri-Industrial Plastics
  5. Creative Blow Mold Tooling
  6. Comar LLC
  7. Custom-Pak Inc.
  8. Others 

Recent Development 

  • In December 2021, Comar LLC announced the acquisition of Omega Packaging which deals with blow molded products for skincare, pharmaceutical, and sports nutrition markets.

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1. US-Blow Moulding Market- Market Overview
    1.1 Definitions and Scope
2. US-Blow Moulding Market- Executive Summary
    2.1 Key Trends by Material Types
    2.2 Key Trends by Application
    2.3 Key Trends by End Use Industry
    2.4 Key Trends by Geography
3. US-Blow Moulding Market- Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. US-Blow Moulding Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. US-Blow Moulding Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major companies
6. US-Blow Moulding Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. US-Blow Moulding Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. US-Blow Moulding Market– By Material Types (Market Size -US$ Million, Billion)
    8.1 Polyethylene Terephthalate (PET)
    8.2 High-Density Polyethylene (HDPE)
    8.3 Polypropylene
    8.4 Low-Density Polyethylene (LDPE)
    8.5 Others
9. US-Blow Moulding Market– By Application (Market Size -US$ Million, Billion)
    9.1 Spreads
    9.2 Edible Oils
    9.3 Dressings and Sauces
    9.4 Seasonings
    9.5 Snack Foods
    9.6 Packaged Water
    9.7 Pet Food
    9.8 Pet Care (Excluding Pet Food)
    9.9 Crop Protection
    9.10 Automotive
    9.11 Others
10. US-Blow Moulding Market– By End Use Industry (Market Size -US$ Million, Billion)
    10.1 Food & Beverages
    10.2 Household Care
    10.3 Pharmaceutical
    10.4 Health & Beauty
    10.5 Industrial
    10.6 Automotive
    10.7 Crop Protection
    10.8 Petcare (Excluding Pet Food)
    10.9 Pet Food
    10.10 Others
11. US-Blow Moulding Market-Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. US-Blow Moulding Market-Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking Matrix- Major Companies
    12.2 Market Share at Country Level- Major companies
    12.3 Market Share by Key Application - Major companies
    12.4 Market Share by Key Product Type/Product category- Major companies
13. US-Blow Moulding Market- Key Company List by Country Premium Premium 
14. US-Blow Moulding Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"