Market Research Report
Global Rotomolded Containers Market - 2021-2028
|Global Rotomolded Containers Market - 2021-2028|
Published: July 30, 2021
Content info: 180 Pages
Delivery time: 2 business days
Global Rotomolded Containers Market Overview
The global rotomolded containers market size was worth US$ XX billion in 2020 and is projected to record significant growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
Rotomolded is another term for the rotational molding manufacturing technique. It's a method used to make a range of plastic things and items for a long time. Plastic toys, dolls, planters, chairs, slides, canoes, storage tanks, bins, and the list goes on and on are just a few examples. Furthermore, as compared to their blow-molded equivalents, rotationally molded containers are significantly superior. In terms of advancement, rotational molding has progressed significantly during the last few decades. The low cost of rotational molding is a major factor in its expanding popularity. When compared to blow-molded containers, rotomolded containers are less expensive to produce. In addition, due to the high demand for sturdy and safe containers, rotational molding is employed as the preferred method. It uses heat instead of pressure, unlike the blow molding process.
Rotomolded Containers Dynamics
The increasing demand for rotomolded containers for hazardous chemicals packaging has created immense opportunities for the product to proliferate in the forecast period. Increasing demand for the packaging product among different end-users due to their excellent properties such as wall thickness, high durability, and high strength has boosted the market share for the product in the recent period.
The increasing demand for rotomolded containers for hazardous chemicals packaging has created immense opportunities for the product to proliferate in the forecast period
Hazardous chemicals are present nearby in various social orders and can pose a threat if not properly managed. Packaging innovation is driving the global hazardous chemicals packaging market, ensuring that chemical commodities are transported safely. Chemical packaging manufacturers aim to create various solutions for hazardous chemicals, such as drums and IBCs, canisters, etc. Hazardous chemical packing prevents injury and extends the useful life of objects stored during transportation. Furthermore, hazardous chemical packaging provides additional security for the commodities.
Spillage, blast, and consumption risks are considerably reduced. As a result, the chemicals packaging business has a high need for rotomolded containers due to their considerable qualities and resistance to any unwanted transportation dangers. Rotomolded containers' durability is projected to benefit the worldwide market in the long run.
Increasing demand of the packaging product among different end-users due to their excellent properties such as wall thickness, high durability, and high strength has boosted the market share for the product in the recent period
Rotomolded containers offer various excellent properties such as wall thickness, high strength, high durability, the prevalence of containers that will easily accommodate surface finishes, low tooling cost, along with double-wall construction containers. These features made the container ideal packaging materials for various end-users. Furthermore, personalization is projected to become a crucial component in the market's expansion. For various reasons, rotational molding is expected to rise in popularity as the best container manufacturing technology. In contrast to injection molding, rotational molding does not require the material to be injected or forced into a specific shape. This opens up the possibility of producing containers in a variety of shapes and sizes. Rotational molding also allows for a wide range of sizes and surface detail and different colors at various phases of the process.
High Performance as against Blow Molded Containers leading to create immense opportunities for rotomolded containers
As compared to their blow-molded equivalents, rotationally molded containers are significantly superior. In terms of advancement, rotational molding has progressed significantly during the last few decades. The low cost of rotational molding is a major factor in its expanding popularity. When compared to blow-molded containers, rotomolded containers are less expensive to produce. Furthermore, The expense of using the blow molding process to make containers is considerable due to the need for various chemicals. As a result, several businesses have switched from blow molding to rotational molding as their preferred production method, leading to creating immense opportunities for the product to proliferate in the forecast period.
COVID-19 Impact Analysis
COVID-19 had a negative effect on the market in 2020. The pandemic has affected various industries before the 2019-2020 period. The prime reason being a demand reduction shut down of manufacturing units and supply chain disruption. A similar trend has been seen in the rotomolded containers market leading to severely hampering the product's market. The market is expected to accelerate in the coming years, leading to improve the market share of the product in the forecast period.
Rotomolded Containers Market Segment Analysis
The global rotomolded containers market is segmented on material, product, end-user, and region.
The food and beverage industry is expected to drive demand for rotomolded containers due to the increasing requirement for sturdy and durable containers.
In terms of end-users, the global rotomolded containers market is segmented into consumer electronics, material handling, chemicals & fertilizers, food & beverages processing, petroleum & lubricants, and others. The food and beverage industry is projected to drive demand for rotomolded containers, driven by sturdy and durable containers. In the food business, rotomolded containers are commonly used to store various products such as creams, eggs, sauces, gravies, and syrups. Rotomolded containers' capacity to withstand hostile environments has accelerated their use in the food and beverage industries leading to uplift the market share for the product in the recent period.
Rotomolded Containers Market Geographical Analysis
The Asia-Pacific holds the highest market share for the product due to the presence of several verticals of industries such as consumer electronics, food & beverage, and chemical & fertilizers in the region
Asia- Pacific holds the highest market share for the rotomolded containers owing to increasing demand for the product from different end-users. Countries like China hold a major chunk of key players offering the service and products for the market. Furthermore, the Asia Pacific, excluding Japan, has one of the most promising economic prospects of any region. Given the achievements achieved by several vertical industries such as consumer electronics, food & beverage, and chemical & fertilizer in the region, producers should focus on the profitable Asia Pacific, excluding Japan's rotomolded containers market.
Rotomolded Containers Market Competitive Landscape
The rotomolded containers market is highly fragmented with the presence of local as well as global companies. Some of the key players contributing to the market's growth include REMCON Plastics Inc., RPC Promens, ZERO Manufacturing, Berry Global Group, Inc, Advanced Packaging Inc., Gemstar Manufacturing, Pelican Products, Dura-Cast, SKB Corporation, Elkhart Plastics, Inc., AMERIPACK, Francis Ward, Snyder Industries, RRTech, Rotational Molding Inc., and among others.
The major players adopt several growth strategies such as product launches, acquisitions and collaborations, contributing to the rotomolded containers market's growth globally. The key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.
Berry Global Group, Inc
Overview: Berry Global Group, Inc, based in Evansville, Indiana. The company is a leading global supplier of innovative rigid, flexible, and non-woven goods daily in consumer and industrial end markets. Berry, a Fortune 500 corporation, employs over 48,000 people and earned about $13 billion in revenue on a combined pro forma basis in the fiscal year 2018 from operations spanning 290 locations across six continents.
The global rotomolded containers market report would provide approximately 61 market data tables, 59 figures, and 260 pages.
Target Audience 2022
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