Blow Molding Plastic Packaging Procurement Intelligence expected to grow at a CAGR of 4.7% from 2023 to 2030
Blow Molding Plastic Packaging Procurement Intelligence The blow molding plastic packaging category is expected to grow at a CAGR of 4.7% from 2023 to 2030. The Asia Pacific region accounts for the largest share of the category. The increasing demand for packaging processes in the business is boosting growth. Companies are focusing on adopting various technologies for efficient and eco-friendly production by reducing the wastage of materials and enhancing productivity. For instance, in 2022, Amcor used big data analytics to identify a way to reduce the amount of plastic used in its bottles by 10%. Within this category, companies are using Artificial Intelligence (AI), IoT, and big data as it helps to automate repetitive tasks and enables them to collect and analyze data that can be analyzed and shared in real-time to improve efficiency and productivity by reducing errors. For instance, in 2022, Bekum Maschinenfabrik GmbH announced that it was using AI to automate the loadi...