The global demand for Blow Molding Tools Market is presumed to reach the market size of nearly USD 18.66 MN by 2028 from USD 13.71 MN in 2021 with a CAGR of 4.5% under the study period 2022 - 2028.
Blow molding tools refer to the tools used for the manufacturing of hollow shaped products such as plastic bottles and other objects. It involves melting the plastic, forcing it into a mold cavity, and applying sufficient pressure to form the tool's desired shape and size. It is a cost-effective alternative to injection molding as both the production and machinery are typically cheap. It promotes productivity and offers the benefit of automation.
Market Dynamics
The key factor driving the demand for the blow molding tools market is the growing demand for plastic containers. The rising demand for blow molded plastics in the medical sector is surging the demand for this market. The rise in the demand for molding machines from the packaging and transportation sectors, is also fostering the demand for this market. The leading market players are also focusing on the development of new technologies for launching high-performance blow molding machines. The growth of the automotive sector has significantly enhanced the demand for plastic fluid storage solutions, thus expanding the demand for this market. Growing concern over plastic waste and the increasing importance of plastic recycling further push the demand for this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of blow molding tools. The growth and trends of blow molding tools industry provide a holistic approach to this study.
Market Segmentation
This section of the blow molding tools market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Method
- Extrusion
- Injection
- Stretch
By Application
- Packaging
- Consumables & Electronics
- Automotive & Transportation
- Building & Construction
- Medical
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Blow Molding Tools market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Blow Molding Tools Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the blow molding tools market include Abhijeet Dies and Tools Pvt. Ltd., ADM Precision Tools, Creative Blow Mold Tooling, Gemini Group, HEISI INDUSTRIES, INC., Kanton Engineering, Kaysun Corporation, Polymold AG, RPM International Tool and Die, The Rodon Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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