According to Stratistics MRC, the Global HDPE Large Blow Molded Products Market is accounted for $2.46 billion in 2019 and is expected to reach $4.08 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Some of the key factors propelling the growth of the market are rapid rise in the demand for packaging of food and beverages and growth of the e-Commerce industry. However, volatility in prices of raw materials is the restraining factor for the growth of the market.
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By application, the intermediate bulk containers (IBCs) segment is expected to grow at a significant market share during the forecast period owing to their advantages such as reusability, leading to their wide applications across various end-users. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which can be attributed to the increasing production of specialty chemicals along with the increasing penetration of FMCG products in the region.
Some of the key players in HDPE Large Blow Molded Products Market include Univation Technologies LLC, Jindal Plast, SCHUTZ GmbH & Co KGaA, Greif Inc, Mauser Packaging Solutions, and Time Technoplast Ltd.
Applications Covered:
• Intermediate Bulk Containers (IBCs)
• Plastic Drums
• Storage Tanks
End Users Covered:
• Chemical & Petrochemicals
• Food & Beverages
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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