Press release
Global Rotomolded Containers Market to Reach USD 4.5 Billion by 2024, Expanding at 3.4% CAGR Through 2034 | FMI
The global rotomolded containers market is on a steady growth trajectory, with sales expected to reach USD 4.5 billion by 2024, according to market forecasts. Driven by increasing demand across various industries, the market is anticipated to expand at a CAGR of 3.4% during the forecast period, culminating in a revenue of USD 6.3 billion by 2034.
In 2023, the market valuation for fresh food packaging within this sector was USD 4.3 billion and is expected to grow by 3.4% year-on-year in 2024.
Polyethylene-based rotomolded containers are projected to dominate the market, accounting for more than 60% of global sales in 2024. The material's structural versatility is a key driver behind its widespread adoption. Polyethylene can be easily transformed into various shapes and sizes without compromising its strength or integrity, making it a preferred choice for manufacturers.
Discover Growth Opportunities in the Market - Get Your Sample Report Now
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Key benefits of polyethylene include its durability, cost-effectiveness, and recyclability-factors that have become increasingly important as manufacturers seek sustainable solutions in response to stringent regulatory frameworks. These features make polyethylene rotomolded containers essential for businesses striving to meet sustainability goals.
Rotomolded tanks are expected to lead the market in terms of value, representing approximately 40% of total market share. Their high durability, versatile material properties, and cost-efficiency make them a preferred choice across industries such as agriculture, chemicals, oil and gas, and food and beverage. These tanks offer customizable options, including various sizes, shapes, and internal compartments, to cater to specific industry needs.
Rotomolded Intermediate Bulk Containers (IBCs) are projected to follow tanks in terms of market share but are expected to witness the fastest growth. The increased demand for larger containers to store bulk products, driven by industrial expansion and population growth, has led to heightened production of rotomolded IBCs. Their large capacity and suitability for bulk transportation make them indispensable across several industries, further boosting their adoption.
Key Takeaways From the Rotomolded Containers Market
• The fresh food packaging market in 2023 was valued at USD 4.3 billion.
• The global rotomolded containers market experienced a CAGR of 2.0% from 2019 to 2023.
• The China market for rotomolded containers is expected to generate an incremental opportunity of USD 250.2 million in the East Asia market by the end of 2034.
• The USA rotomolded containers market is projected to create an incremental opportunity of USD 636.7 million by the end of the forecast period, growing at a CAGR of 2.4%.
• In India, the rotomolded containers market is expected to witness a growth opportunity of USD 151.6 million during the forecast period.
• A targeted segment in the market is anticipated to grow at a CAGR of 4.6% during the forecast period.
Competitive Landscape
Key players of the rotomolded containers market are manufacturing and launching novel products in the market. They are collaborating with multiple end user firms to expand their geographical reach.
Key Players in Rotomolded Containers Manufacturers
• REMCON Plastics Inc.
• Berry Global Inc
• Zero Manufacturing
• Dura-Cast Products, Inc.
• Granger Plastics
• Elkhart Plastics, Inc.
• Ameripack
• Francis Ward
• Snyder Industries
• R & R Technologies LLC
• Rotational Molding, Inc.
• Stern Companies
• Advanced Packaging, Inc
• Xiamen Mellow Rotomolding Co., Ltd.
• Gemstar Manufacturing
• Pelican Products, Inc.
Key Developments in Rotomolded Containers Industry
• In March 2024, Berry Global Inc. a prominent packaging manufacturer and Mitsubishi Gas Chemical Company, Inc a leader in chemical manufacturing collaborated to develop recyclable barrier solutions to plastic containers.
• In November 2023, Pelican launches new types of Adventure Case Series.
Dive Deeper into the Data-View the Full Report Here!
https://www.futuremarketinsights.com/reports/rotomolded-containers-market
Rotomolded Containers Market Segmentation
By Material Type:
In terms of material type, the industry is divided into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyamide (PA) and others.
By Product Type:
In terms of product type, the industry is divided into cases, tanks, IBCs, trays and others.
By End Use Industry:
In terms of end use industry, the industry is divided into consumer electronics, material handling, chemicals and fertilizers, food and beverages processing, petroleum and lubricants and others.
By Region:
In terms of region, the industry is divided into North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific and MEA.
Have a Look at Related Reports on the Packaging Domain:
Inspection and Inventory Labels Market - https://www.fmiblog.com/2024/10/25/inspection-and-inventory-labels-market-is-growing-at-a-strong-cagr-of-4-2-by-2032-fmi/
Liquid Masking Film Market - https://www.fmiblog.com/2024/10/29/liquid-masking-film-market-in-depth-analysis-growth-strategies-and-comprehensive-forecast-by-2032-fmi/
Glass Cosmetic Bottle Market - https://www.fmiblog.com/2024/11/11/glass-cosmetic-bottle-market-is-expected-to-reach-a-high-valuation-of-usd-4-6-billion-by-2034-fmi/
Plastic Shrink Wrap Market - https://www.fmiblog.com/2024/11/13/plastic-shrink-wrap-market-is-expected-to-reach-a-high-valuation-of-usd-4-67-billion-by-2033-fmi/
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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.
In 2023, the market valuation for fresh food packaging within this sector was USD 4.3 billion and is expected to grow by 3.4% year-on-year in 2024.
Polyethylene-based rotomolded containers are projected to dominate the market, accounting for more than 60% of global sales in 2024. The material's structural versatility is a key driver behind its widespread adoption. Polyethylene can be easily transformed into various shapes and sizes without compromising its strength or integrity, making it a preferred choice for manufacturers.
Discover Growth Opportunities in the Market - Get Your Sample Report Now
https://www.futuremarketinsights.com/reports/sample/rep-gb-4458
Key benefits of polyethylene include its durability, cost-effectiveness, and recyclability-factors that have become increasingly important as manufacturers seek sustainable solutions in response to stringent regulatory frameworks. These features make polyethylene rotomolded containers essential for businesses striving to meet sustainability goals.
Rotomolded tanks are expected to lead the market in terms of value, representing approximately 40% of total market share. Their high durability, versatile material properties, and cost-efficiency make them a preferred choice across industries such as agriculture, chemicals, oil and gas, and food and beverage. These tanks offer customizable options, including various sizes, shapes, and internal compartments, to cater to specific industry needs.
Rotomolded Intermediate Bulk Containers (IBCs) are projected to follow tanks in terms of market share but are expected to witness the fastest growth. The increased demand for larger containers to store bulk products, driven by industrial expansion and population growth, has led to heightened production of rotomolded IBCs. Their large capacity and suitability for bulk transportation make them indispensable across several industries, further boosting their adoption.
Key Takeaways From the Rotomolded Containers Market
• The fresh food packaging market in 2023 was valued at USD 4.3 billion.
• The global rotomolded containers market experienced a CAGR of 2.0% from 2019 to 2023.
• The China market for rotomolded containers is expected to generate an incremental opportunity of USD 250.2 million in the East Asia market by the end of 2034.
• The USA rotomolded containers market is projected to create an incremental opportunity of USD 636.7 million by the end of the forecast period, growing at a CAGR of 2.4%.
• In India, the rotomolded containers market is expected to witness a growth opportunity of USD 151.6 million during the forecast period.
• A targeted segment in the market is anticipated to grow at a CAGR of 4.6% during the forecast period.
Competitive Landscape
Key players of the rotomolded containers market are manufacturing and launching novel products in the market. They are collaborating with multiple end user firms to expand their geographical reach.
Key Players in Rotomolded Containers Manufacturers
• REMCON Plastics Inc.
• Berry Global Inc
• Zero Manufacturing
• Dura-Cast Products, Inc.
• Granger Plastics
• Elkhart Plastics, Inc.
• Ameripack
• Francis Ward
• Snyder Industries
• R & R Technologies LLC
• Rotational Molding, Inc.
• Stern Companies
• Advanced Packaging, Inc
• Xiamen Mellow Rotomolding Co., Ltd.
• Gemstar Manufacturing
• Pelican Products, Inc.
Key Developments in Rotomolded Containers Industry
• In March 2024, Berry Global Inc. a prominent packaging manufacturer and Mitsubishi Gas Chemical Company, Inc a leader in chemical manufacturing collaborated to develop recyclable barrier solutions to plastic containers.
• In November 2023, Pelican launches new types of Adventure Case Series.
Dive Deeper into the Data-View the Full Report Here!
https://www.futuremarketinsights.com/reports/rotomolded-containers-market
Rotomolded Containers Market Segmentation
By Material Type:
In terms of material type, the industry is divided into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyamide (PA) and others.
By Product Type:
In terms of product type, the industry is divided into cases, tanks, IBCs, trays and others.
By End Use Industry:
In terms of end use industry, the industry is divided into consumer electronics, material handling, chemicals and fertilizers, food and beverages processing, petroleum and lubricants and others.
By Region:
In terms of region, the industry is divided into North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific and MEA.
Have a Look at Related Reports on the Packaging Domain:
Inspection and Inventory Labels Market - https://www.fmiblog.com/2024/10/25/inspection-and-inventory-labels-market-is-growing-at-a-strong-cagr-of-4-2-by-2032-fmi/
Liquid Masking Film Market - https://www.fmiblog.com/2024/10/29/liquid-masking-film-market-in-depth-analysis-growth-strategies-and-comprehensive-forecast-by-2032-fmi/
Glass Cosmetic Bottle Market - https://www.fmiblog.com/2024/11/11/glass-cosmetic-bottle-market-is-expected-to-reach-a-high-valuation-of-usd-4-6-billion-by-2034-fmi/
Plastic Shrink Wrap Market - https://www.fmiblog.com/2024/11/13/plastic-shrink-wrap-market-is-expected-to-reach-a-high-valuation-of-usd-4-67-billion-by-2033-fmi/
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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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