Press release
Rotomolded Containers Market Value Growth, Analysis and Segments 2017 – 2027
Rotomolded Containers Market: Market Dynamics
Rigid packaging is preferred over flexible packaging to contain liquid products or for cushioning internal material from external shocks. Rotomolded containers are one of the widely used forms of rigid plastic. Rigid plastic packaging market is estimated to be over US$ 200 Bn and is expected to grow at a CAGR of 3.4% over the forecast period. Rotomolded containers are cost-effective and easy to maintain since it is 100% resistant to water and salt corrosion making it a favorable choice for end users and generating the demand in rotomolded containers market. Rotomolded containers are seamless and stress-free products with superior finish making it superior over others products of the same category. The light weight of rotomolded containers is another factor supporting the demand in the rotomolded market. Rotomolded containers are commonly manufactured by single base material making them recyclable and sustainable. However, most of the countries looking for an alternative to plastic is creating an unfriendly environment for rotomolded containers market. Moreover, technological advancements in the packaging industry are poised towards reducing the plastic waste and carbon footprint for packaging manufacturers which might reduce the preference for rotomolded containers market. On the backdrop of the wide area of application rotomolded containers market may have new opportunities in the future.
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Rotomolded Containers Market: Market Segmentation
Rotomolded containers market is segmented by material type, by product type and end-use industries.
Based on the material type, the rotomolded containers market is segmented into:
Polyethylene terephthalate (PET)
Polyvinyl chloride (PVC)
Nylon
Polypropylene (PP)
Polyethylene (PE)
High-density polyethylene (HDPE)
Low-density polyethylene (LDPE)
Linear Low-density polyethylene (LLDPE)
Based on the product type, the rotomolded containers market is segmented into:
Cases
Standard cases
Rackmount cases
Containers
Boxes
IBC
Tanks
Others
Based on end use industry, the rotomolded containers market is segmented into:
Food industry
Sea Food
Frozen food
Meat
Ice-cream
Chilled beverages
Alcoholic
Non-Alcoholic
Dairy products
Military use
Chemical industry
Pharmaceutical industry
Others (industrial packaging, etc.)
Rotomolded Containers Market- Regional Outlook:
Regionally global rotomolded containers market is segmented into
North America
Latin America
Eastern Europe
Western Europe
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan
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APEJ is expected to account for largest value share for the rotomolded containers market attributed to the presences many small and medium players and the entrance of industrial leaders in the regional market. North America is expected to follow APEJ in rotomolded containers market, growth in the region is led by the consumption pattern being in line with the market. Latin America is expected to be the attractive region for the rotomolded market due to the high economic growth rate in the region. Western Europe is expected to exhibit moderate growth while demand in MEA and Eastern Europe for rotomolded containers market is expected to be sluggish. Japan is expected to contribute significant value share in rotomolded containers market due to large consumption of seafood in the region.
Rotomolded Containers Market - Key Players:
Some major players of the rotomolded market are Elkhart Plastics, Inc., MODRoto, Inc., SKB Corporation, Rotomoldeos de Galicia S.L., Snyder Industries, Inc., Dutchland Plastics LLC, Rotomolding Technology Co., Ltd, Finncont Oy, Shanghai Power Oriental Industrial Co.,Ltd. and Fibertech Inc.
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