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Blow Molded Plastics Market Size Worth $98.7 Billion By 2028 | CAGR: 3.3%: Contrive Datum Insights, Inc.

The global blow molded plastics market size is anticipated to reach USD 98.7 billion by 2028, according to a new report by Contrive Datum Insights, Inc., growing at a CAGR of 3.3% from 2021 to 2028. The global industry is expected to witness significant growth over the forecast period owing to increasing product demand from various application industries. In the past few years, there has been a significant growth in technologies and equipment for manufacturing these plastics, which has enabled manufacturers to cater to specific requirements of several application industries, such as automotive, building & construction, packaging, and others.

Key suggestions from the report:

Read 158 page research report with ToC on “Blow Molded Plastics Market Size, Share & Trends Analysis Report By Product (PP, ABS, PE, PVC), By Technology (Extrusion, Injection), By Application (Packaging, Automotive & Transport), And Segment Forecasts, 2021 – 2028” at: https://bit.ly/3y9tpNr

Polyethylene Terephthalate (PET) has several applications in the packaging industry including in manufacturing bottles intended for the packaging of food & beverage products. This is expected to drive its demand over the forecast period. During the Covid-19 pandemic, the demand for Polypropylene (PP) and PET is expected to grow on account of the increased usage of face masks, protective gowns, and packaging bottles for hand sanitizers.

Extrusion blow molded plastics was the largest and the fastest-growing technology segment in 2020. This technology is a revolutionary form of the blow molding process. One of the main advantages of this process is that it enables the manufacturers to increase output along with the efficiency of providing customized products. Moreover, lower mold cost as compared to other processes makes it a cost-effective technology.

Contrive Datum Insights has segmented the global blow molded plastics market on the basis of product, technology, application, and region:

List of Key Players of Blow Molded Plastics Market

Get More Info:- https://bit.ly/3y9tpNr

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