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Blow Molded Containers Market Outlook Highlights Major Opportunities Likely to Steer Demand during Forecast Period
, March 27, 2019 ) The
blow molded containers market
is marked by high levels of fragmentation, with Asia Pacific particularly home to a large number of Tier II companies. These blow molded container companies are specifically focusing on increasing their market share through cost-effective offerings. The product and business strategy of Tier II companies is also aligned on launching cheaper alternatives to the market. The Tier II companies are also focusing on capacity expansion to cater to the growing demand for blow molded containers.
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Blow Molded Container Manufacturers Focusing on Production Optimization to Reinvigorate Potential
Manufacturers continue to emphasize on optimized production of high-quality blow molded containers. The pervasive trend of fine-tuning production is triggering the development of new technologies into the current framework. Moreover, further requirements for energy savings and mitigating excess material consumption is also gaining centerstage among manufacturers in the blow molded containers market, thereby encouraging integration of efficient technologies into the manufacturing assemblies. For instance, the pervasive trend of integrating pneumatic systems into blow molding machines for real-time monitoring of the manufacturing process is one of such technological breakthroughs. With such technologies mainstreaming in the blow molded containers market, it is highly likely that manufacturers might revise their manufacturing framework and associated strategies for attaining long-term sustainable benefits.
Foam Blow Molding Technology Gaining Traction Owing to its Feasibility in Cost-minimization
The evolving ‘foam blow molding technology’ is gaining adoption among end-users on account of the broader focus on sustainability and environmental conservation. This technology offers high potential with regard to cost-effectiveness, as it enables production of light-weight containers with reduced plastic usage. In addition to that, this technology also fuels an additional cost-saving potential for the market players of blow molded containers in terms of transportation. As the freight cost involved in shipping of light-weight containers will be considerably less, manufacturers of blow molded containers are looking forward to rely on this technology to maximize their profits. For instance, leading players in the packaging industry such as Packaging Technologies Inc. and ALPLA Group are proactively investing on the incorporation of foam blow molding technology.
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Specialized and Customized Offerings as per Unmet Requirements of Customers – A Key to Achieve High Customer Retention
Market players of blow molded containers are executing multiple strategies to thrive in the highly competitive and fragmented marketplace. Furthermore, the market players are also aware of the fact that end-users are under no obligation to opt for a solution with a common set of specifications, instead they are on the lookout for the ones catering to their own personal interests. Sensing this trend, manufacturers of blow molded containers are focusing on enhancing their in-house capabilities to offer custom mold manufacturing as per the end-user specifications, which will add substantial values to their brands.
The research study on blow molded containers market features prominent players on the basis of multiple facets, ranging from revenue shares to geographical presence. Some of the key players included in the research study on blow molded containers market are Amcor Limited, RETAL Industries Ltd., Greif, Inc., Mauser Group B.V., O. Berk Company LLC, Alpha Packaging, Blow Molded Specialties Inc. In order to consolidate their market position, key players are focusing on multiple differential strategies, ranging from investing in R&D efforts to forming strategic collaborations, for attaining competitive advantage in the blow molded containers market.
Amcor Limited, a leading player in the blow molded containers market, launched LiquiForm® technology with the commercialization of the first consumer package, which can potentially curtail carbon footprint associated with filling & packaging.
RETAL Industries Ltd., a key player in the blow molded containers market, invested €4m to extend its Lithuania APET film and caps plant to solidify its production capacities.
Alpha Packaging, a prominent player in the blow molded containers market, specializes in extrusion blow molding, injection blow molding, and injection stretch blow molding. Moreover, it also offers various standard colors for both PET as well as HDPE packaging.
APEX Plastics, a prominent player in the blow molded containers market, bought a new extrusion blow molding machine for installation at its production facility located in Missouri, US.
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