Projected Growth Trajectory: Rotomolded Containers Market Set to Reach US$ 5.7 Billion by 2027 with a 4.9% CAGR from 2022

The rotomolded containers market is poised for significant growth, with an estimated value surpassing US$ 4.5 billion in 2022, projected to escalate to approximately US$ 5.7 billion by 2027, driven by a sturdy Compound Annual Growth Rate (CAGR) of 4.9% during this period.

In 2021, the rotomolded containers market exhibited remarkable expansion, witnessing a 4.9% year-over-year rise in global revenues. Forecasts from Future Market Insights (FMI) indicate a prospective growth rate that could lead the market to expand 1.3 times its current value by the culmination of 2027.

Rotomolded tanks, closely followed by Intermediate Bulk Containers (IBCs), are poised to command a significant market share, contributing to approximately 68% of the total market value by 2027. Simultaneously, the escalating demand for protective packaging solutions is set to drive a 4.5% Compound Annual Growth Rate in the consumption of rotomolded cases over the assessment period.

With increasing manufacturing activities in North America and Western Europe, these regions are expected to capture half of the global rotomolded containers market, while Western Europe and North America together are predicted to create the most substantial growth opportunity, estimated at around US$ 678 million during the forecasted period.

Notably, the global rotomolded containers market constitutes about 4% of the larger rigid plastic containers market, which holds a total value of approximately US$ 118 billion.

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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 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.

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 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.

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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

Contact:
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.