Europe Blow Molded Plastics Market Size & Outlook
Europe blow molded plastics market, 2018-2030 (US$M)
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Europe blow molded plastics market highlights
- The Europe blow molded plastics market generated a revenue of USD 17,729.8 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 17,729.8 million |
| Market revenue in 2030 | USD 26,501.1 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Injection blow molding |
| Fastest growing segment | Injection blow molding |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 22.2% of the global blow molded plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 48,192.8 million by 2030.
Injection blow molding was the largest segment with a revenue share of 35.93% in 2023. Horizon Databook has segmented the Europe 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.
Blow molded plastics market in Europe is expected to witness slow growth owing to various factors such as stalled industrial output caused by the COVID-19 pandemic, rising unemployment, and debt crisis. However, a positive scenario across Eastern Europe, in terms of consumerism and manufacturing, is expected to drive the market.
Furthermore, the European market for blow molded plastics is characterized by the presence of various stringent environmental regulations by regulatory bodies such as the European Chemicals Agency (ECHA) and European Commission among other federal-level agencies.
These regulatory policies, however challenging and intended for sustainable growth, are expected to aid in industrial development as they tend to push manufacturers to optimize processes and develop sustainable technologies & products. Europe is the second-largest market for blow molded plastics globally owing to their high demand in construction, automotive, consumer products & electronics, and medical sectors.
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Blow Molded Plastics Market Scope
Blow Molded Plastics Market Companies
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Europe blow molded plastics market size, by country, 2018-2030 (US$M)
Europe Blow Molded Plastics Market Outlook Share, 2023 & 2030 (US$M)
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