According to a recent report by Future Market Insights (FMI), the global rotomolded containers market is poised for significant growth. The market is expected to reach a valuation of over US$ 4.5 Bn in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% between 2022 and 2027, reaching a total value of US$ 5.7 Bn by the end of the forecast period.
Driving Factors:
The increasing demand for durable containers in the food and beverage industry is a primary driver of the rotomolded containers market. Rotomolded containers offer superior strength and resistance to harsh environmental conditions, making them an ideal choice for storing and transporting food and beverage products. Additionally, the trend of customization has created growth opportunities for the market, as rotational molding allows for the production of containers in various styles, sizes, and colors, enabling companies to showcase their brand identity and enhance consumer engagement.
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Key Takeaways:
- The global rotomolded containers market is set to expand 1.3x times its current value by the end of 2027.
- Rotomolded tanks and IBCs will continue to dominate the market, while rotomolded cases will exhibit rapid growth.
- The food and beverage industry’s demand for durable containers is a significant driver of the market.
- Customization options offered by rotational molding are creating growth opportunities for the market.
Business Growth Opportunities:
- Customization and Innovation: Businesses can capitalize on the demand for customized and innovative rotomolded containers, offering unique designs, colors, and features to cater to specific customer needs.
- Global Expansion: Explore and tap into emerging markets globally, leveraging the growing demand for durable and lightweight containers in various industries such as chemicals, food and beverage, and agriculture.
- Sustainable Practices: Embrace sustainable manufacturing practices and materials to align with the increasing focus on environmental consciousness. This can include the use of recycled materials and promoting eco-friendly initiatives.
- E-commerce Integration: With the rise of e-commerce, businesses can optimize their distribution channels and enhance online presence, targeting industries that increasingly rely on efficient and secure packaging solutions.
- Technological Advancements: Invest in research and development to incorporate technological advancements, such as IoT-enabled containers for tracking and monitoring, enhancing the value proposition for customers.
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Trends in the Rotomolded Containers Industry:
- Increased Demand for Lightweight Containers: Industries are shifting towards lightweight yet durable containers, driving the demand for rotomolded containers that offer a balance between strength and weight.
- Focus on Food Safety: In the food and beverage sector, there’s a growing emphasis on ensuring the safety and hygiene of products. Rotomolded containers with features like easy cleaning and resistance to contamination are gaining popularity.
- Rise of Recyclable Materials: With the global push towards sustainability, there’s a trend towards using recyclable materials in manufacturing rotomolded containers, aligning with environmental regulations and customer preferences.
- Customization for Specific Industries: Manufacturers are increasingly tailoring rotomolded containers to meet specific industry needs. This includes designing containers with features that cater to the unique requirements of sectors like pharmaceuticals, chemicals, and electronics.
- Integration of Smart Technologies: The incorporation of smart technologies, such as RFID tags and sensors, is on the rise. This trend facilitates better supply chain management, inventory tracking, and overall efficiency in various industries that rely on rotomolded containers for storage and transport.
Key Companies Profiled
- Remcon Plastics Incorporated
- Zero Manufacturing Inc.
- Dura-Cast Products, Inc.
- SKB Corporation Inc.
- Granger Plastics Company
- Myers Industries (Elkhart Plastics, Inc.)
- Snyder Industries
- Ameripack Inc.
- Francis Ward
- R & R Technologies LLC
- Rotational Molding, Inc.
- Stern Companies Inc.
- Advanced Packaging, Inc.
- Xiamen Mellow Rotomolding Co., Ltd.
- Gemstar Manufacturing
- Pelican Products, Inc.
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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
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.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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