Blow Molding Tools Market Research Scope And Data Sources Till 2030

Blow Molding Tools Market Growth & Trends

The global blow molding tools market size is expected to reach USD 17.33 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.5% from 2022 to 2030. Rising demand for blow molded plastics in the medical sector and the increasing importance of plastic recycling are anticipated to augment the market growth over the forecast period.

U.S. blow molding tools market size, by method, 2020 - 2030 (USD Billion)

Blow Molding Tools Market Segmentation

Grand View Research has segmented the global blow molding tools market on the basis of method, application, and region:

Based on the Method Insights, the market is segmented into Extrusion, Injection, and Stretch.

  • The injection segment held the second-largest revenue share in 2021. This method is suitable for the mass production of products with complicated shapes. It is used in applications such as automotive components, dashboard switches, and knobs, engine bay connectors, mechanical parts such as gears, surgical instruments, syringes, appliance components, and storage containers.
  • The extrusion segment accounted for the largest revenue share of over 50.0% in 2021. The extrusion method is used to produce medium to large complex geometric hollow parts. It caters to highly technical requirements such as HVAC ducts, DEF tanks, and lawn mower seats. The growing demand for containers and closures specifically from the packaging and automotive sectors is projected to propel the demand for the extrusion method over the forecast period.
  • Stretch blow molding is a widely used technique, especially to produce PET bottles. These tools are widely adopted for the production of HDPE, LDPE, PET, and PETG products. The tools use a lower pressure level, which results in lower machinery costs. Moreover, it has a faster turnaround when compared to injection molding.

Based on the Application Insights, the market is segmented into Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others.

  • The packaging application segment accounted for the largest revenue share of over 35.0% in 2021 and this trend is expected to continue over the forecast period. The rising demand for packaged food and drinking water is projected to fuel the need for containers, which in turn, is expected to augment the growth of blow molding tools over the coming years.
  • In addition, growing demand from the medical equipment industry is projected to expand the market further. For instance, in August 2021, Comar, a packaging and dispensing product supplier, inaugurated its 230,000 square feet facility in California, U.S. The facility will produce medical devices using injection and blow molding technologies.

Blow Molding Tools Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Market Share Insights

  • August 2020: The Eastern Company acquired Hallink RSB, Inc., for strengthening its blow mold tooling business and increasing its geographical reach.
  • August 2019: The Eastern Company acquired Big 3 Precision Mold Services, Inc., a leading company engaged in manufacturing blow mold tools.

Key Companies Profile & Market Share Insights

The global market is competitive with the presence of numerous players worldwide. Key market players are constantly striving to stay competitive by manufacturing customized blow molds to cater to the needs of their customers. Moreover, they are involved in several strategic approaches such as acquisitions and capacity expansions to stay ahead of their competitors.

Some of the prominent players operating in the global 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

Order a free sample PDF of the Blow Molding Tools Market Intelligence Study, published by Grand View Research.

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