The market for rotomolded containers is anticipated to exceed US$ 4.5 billion in 2022 and grow to US$ 5.7 billion by 2027 at a CAGR of 4.9%.
Sales of rotomolded containers in the region are anticipated to account for 50% of the global market, thanks to rising manufacturing activity in North America and Western Europe. Furthermore, it is predicted that Western Europe and North America would together generate the biggest growth opportunity, worth US$ 678 Mn, throughout the anticipated timeframe.
The market for rigid plastic containers, estimated to be valued at US$ 118 billion in 2021, is made up of 4% of the world’s rotomolded containers.
With global revenues increasing 4.9% year over year in 2021, the market for rotomolded containers experienced explosive expansion. According to a recent FMI prediction, the market for rotomolded containers is expected to grow by 1.3 times its present market value by the end of 2027.
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By the end of 2027, rotomolded tanks and IBCs are expected to occupy the majority of the rotomolded container market, accounting for 68% of the market value share.
Key players and manufacturers are taking immense efforts in making heavy investments in R&D for innovating as well as advancing the processes by which the machinery is deployed. These efforts will in turn contribute towards expansion of the industry as well as its capabilities in the forthcoming years. Manufacturers are taking immense efforts in producing containers that can be customized depending on the needs of the customers.
Analysts that have been part of this report development made sure that they have delivered valuable information as to how rotomolded containers market will expand through 2027. Additionally, our analysts have catered to the growing concerns of industry participants and market observers.
According to you, what are the factors driving the growth of rotomolded containers market?
Well, based on analysis, ongoing technological advancements and innovations are contributing significantly towards growth of rotomolded containers market. Increasing demand from food & beverage industry will be witnessed in the forthcoming years due to rising usage of durable and sturdy containers.
What are the major factors according to you that is hampering the growth of rotomolded containers market?
Well, based on analysis, extreme competition from the innovative and advanced technologies such as 3D printing have been significantly hampering the growth of rotomolded containers market.
What do you have to say about the regions in rotomolded containers market?
Well, APEJ region is likely to lead the rotomolded containers market in the forthcoming years. Industries such as chemical & fertilizers, food & beverage and consumer electronics are contributing towards the growth of rotomolded containers market in the APEJ region.
Which sector do you think will continue creating lucrative opportunities for rotomolded containers market?
Based on analysis, chemicals packaging industry is expected to create lucrative growth opportunities for rotomolded containers market in the forthcoming years. This is due to increasing need for features of rotomolded containers such as sturdiness and resistance to any surplus transportation hazards.
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What are the manufacturers doing for the expansion of rotomolded containers market?
Manufacturers are taking immense efforts in making heavy investments in R&D to develop solutions for manufacturing products, in a way that it caters to the increasing needs of the consumers. Key players are entering into partnerships with manufacturers for strengthening their position in the global market by developing advanced and innovative techniques with regards to production.
Can you mention some important players in rotomolded containers market?
Yes. Some of the important players profiled by analysts are inclusive of Pelican Products, Inc., Stern Companies, Francis Ward, SKB Corporation, RPC Group, Xiamen Mellow Rotomolding Co., Ltd. and Remcon Plastics Incorporated.
Rotomolded Containers Market by Category
By Material Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)
- Others
By Product Type:
- Rotomolded Cases
- Rotomolded Tanks
- Rotomolded IBCs
- Rotomolded Trays
- Other Rotomolded Containers
By End Use Industry:
- Consumer Electronics
- Material Handling
- Chemicals & Fertilizers
- Food & Beverages Processing
- Petroleum & Lubricants
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)
- Japan
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Related Links –
https://cigarbook.mn.co/posts/33155933
https://likefm.org/blog/cryoboxes-market-size-share-global-industry-report-for-2031
https://limex.me/profile/193487573/6744655/?feedContext=limex
https://mk999fmi.ampedpages.com/CRYOBOXES-Market-Size-Share-Growth-Report-for-2031-44849629
https://tealfeed.com/cryoboxes-market-size-share-cagr-forecast-bu9sg
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