Brazil Blow Molded Plastics Market Size & Outlook
Brazil blow molded plastics market, 2018-2030 (US$M)
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Brazil blow molded plastics market highlights
- The Brazil blow molded plastics market generated a revenue of USD 3,034.7 million in 2023 and is expected to reach USD 4,561.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, injection blow molding was the largest revenue generating technology in 2023.
- Injection blow molding is the most lucrative technology segment registering the fastest growth during the forecast period.
Blow molded plastics market data book summary
| Market revenue in 2023 | USD 3,034.7 million |
| Market revenue in 2030 | USD 4,561.5 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Injection blow molding |
| Fastest growing segment | Injection blow molding |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extrusion blow molding, Injection blow molding, Strech blow molding, Compound Blow Molding |
| Key market players worldwide | Gemini Group Global Corp, Exxon Mobil Corp, LyondellBasell Industries NV Class A, INEOS, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, Dow Inc, Comar |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.8% of the global blow molded plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil blow molded plastics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 4,561.5 million by 2030.
Injection blow molding was the largest segment with a revenue share of 34.82% in 2023. Horizon Databook has segmented the Brazil blow molded plastics market based on extrusion blow molding, injection blow molding, strech blow molding, compound blow molding covering the revenue growth of each sub-segment from 2018 to 2030.
In 2000, Brazil became one of the largest producers of crude oil in the CSA region. This gave a boost to plastics market due to the availability of petrochemical products required for chemical production. In the past two decades, plastic production in the country increased exponentially, so the consumption.
Growing automotive, construction, manufacturing, aviation, mining, and consumer goods industries have led to the rise in the demand for blow molded plastic products in the country.
End users are sourcing most of the plastics locally; they import only a limited amount of products due to the unavailability of certain quality products in the country. Despite strong presence, Brazil still lacks in a wide variety of plastics and plastic products which create an opportunity for investors to benefit from the Brazilian market.
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Blow Molded Plastics Market Scope
Blow Molded Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil blow molded plastics market size, by technology, 2018-2030 (US$M)
Brazil Blow Molded Plastics Market Outlook Share, 2023 & 2030 (US$M)
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