The rotomolded containers market has experienced remarkable growth, with an estimated value of over US$ 4.5 billion in 2022. Projections from Future Market Insights (FMI) indicate that this market is poised to further expand to approximately US$ 5.7 billion by 2027, at a steady CAGR of 4.9% between 2022 and 2027.
In 2021, the rotomolded containers market witnessed a significant surge, with a 4.9% year-over-year increase in global revenues. FMI’s forecast suggests that the market is on track to grow 1.3 times its current value by the end of 2027.
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Rotomolded tanks and Intermediate Bulk Containers (IBCs) are expected to dominate the market, collectively accounting for 68% of the market value share by 2027. Additionally, the rising demand for protective packaging is set to drive a 4.5% CAGR in the consumption of rotomolded cases during the assessment period.
North America and Western Europe are key regions driving the growth of rotomolded containers, capturing 50% of the global market share. These regions are expected to create significant growth opportunities, collectively amounting to around US$ 678 million during the forecasted period.
Although the global rotomolded containers market constitutes around 4% of the rigid plastic containers market, which was valued at approximately US$ 118 billion in 2021, its steady growth signifies its importance within the larger packaging industry landscape.
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 the 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 the 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 the 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 consumers. Key players are entering into partnerships with manufacturers for strengthening their position in the global market by developing advanced and innovative techniques with regard to production.
Can you mention some important players in the 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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Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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