Ans: Increasing demand for packaged food with lightweight packaging and machines delivering high accuracy and efficiency are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2023 – 2033.
Ans: Increasing concerns about the plastic waste and volatility in the prices of raw material is diminishing the market growth of blow molded plastics.
Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are APEX Plastics, Agri-Industrial Plastics, North American Plastics ltd., Magna International, Inc., Comar LLC, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product, molding method, application and by region.
Ans: The polyethylene segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.