Rotomolded Containers Market Report

The rotomolded container market is expected to rise due to growth in the petroleum and lubricant industry. In the petroleum and lubricant industry, rotomolded containers are used primarily for the safe and efficient storage, handling, and transportation of oils, fuels, and other liquid substances. According to the data of the International Energy Agency, the global oil demand for the year 2030 is projected to reach the mark of 3.2 million barrels per day; additionally, as per the data of the U.S. Energy Information Administration, the global oil production for the year 2024 is expected to reach 1.3 million barrels per day. Also, the demand for rotomolded containers is expected to boost due to the rise in consumer electronics demand. According to the data of ZVEI, the global consumer electronics market was valued at US$ 5,558 billion in 2021; the corresponding growth was registered at 10 percent. The rotomolded containers are utilized in the consumer electronics industry for secure packaging, storage, and transportation of delicate electronic components. Thus, due to the rising demand for petroleum and lubricant, the consumer electronics industry is expected to boost the sale of rotomolded containers.

The rotomolding process requires a higher initial investment due to specific requirements such as fine powder or granules for raw materials, 8 rotations per minute for 3 hours, and cooling molds before product removal, leading to market growth obstacles. Maintaining rotomolded container manufacturing involves routine machinery servicing, calibration, and inspection to prevent failures and ensure high-quality output. Regularly updating software and firmware maximizes efficiency, while a preventive maintenance schedule addresses potential issue. Training staff and documenting procedures ensure adherence to best practices. Emergency preparedness with spare parts and technical support minimizes downtime and facilitates quick issue resolution. To maintain rotomolded container molds, practices include routine cleaning to remove contaminants, regular inspection for wear and tear, maintenance, repair, proper storage, and detailed documentation. Training and procedures help ensure staff follow best practices for mold care, promoting consistent product quality and prolonged lifespan. Hence, due to excessive time and high maintenance costs, the rotomolded container market faces an extreme challenge.

In November 2023, Pelican Products, Inc., a global leader in rugged, mission-critical protective cases, coolers, outdoor accessories, and temperature-controlled packaging, announced yesterday the release of the Adventure case series. These durable cases were portable and versatile to store gear for a variety of activities. Adventure cases were an ideal solution to keep your clothing, tools, and valuables dry and dust-free. Gear was secured with built-in lock hasps and steel latches. An interior tray and optional MOLLE panel kept items organized. The Adventure cases were engineered for durability with rotomolded construction. In July 2019, Berry had announced the completion of its acquisition of RPC Group for a purchase price of about $6.5 billion. In a news release, the Evansville plastics maker had said the deal included about $4.3 billion in cash paid for the equity interest in RPC and $2.2 billion of net debt and estimated transaction related costs. Officials had said the combination of Berry and RPC "created a leading global supplier of valued-added protective solutions and one of the world's largest plastic packaging companies." The release had stated that Berry's combined global footprint consisted of more than 290 locations worldwide, including locations in North and South America, Europe, Asia, Africa, and Australia.

The demand for rotomolded container markets is expected to boom in the Asia-Pacific market due to the rising production of chemicals. According to the data of The Henry Fund, the Asia Pacific holds a total of 49.9% of global specialty chemical demand. Furthermore, as per the data of the European Chemical Industry Council, the sales for the chemicals industry in China for 2022 were valued at US$2.4 trillion. Also, as per the Information Technology & Innovation Foundation, China holds a total share of 40 percent of global market sales in the year 2023. Additionally, global companies are heavily investing in China, as in 2022 China recorded 46 percent of global chemical industry capital investment. Europe can also be considered a lucrative market due to the rising manufacturing of material handling equipment. According to the data of the Industrial Extension Bureau Europe in the year 2022, Europe is considered the largest segment for material handling. As per the data, Europe holds a total of 35.15 percent of the global market for material handling, which is expected to expand further. Also, North America can also be considered as a lucrative market as the growth of e-commerce. These containers withstand transportation and storage challenges, optimize warehouse space, and reduce product damage, crucial for e-commerce customer satisfaction and cost savings. As per the data of Council of Supply Chain Management Professionals United States logistics costs, is $2.3 trillion, which contribute to 8.7% of the national gross domestic product.