Rising Acceptance of Rotomolded Products Such as Containers and Pallets in Packaging Applications is expected to drive the Growth of The Global Rotomolding Products Market

Rotomolding is a production process to form hollow parts of limitless size. This is a cost-effective method to produce large plastic parts. Resins are added into a mold that’s heated and rotated slowly, both vertically and horizontally. The simultaneous heating and rotation distribute and fuses the resin on the inner surfaces of the mold. The result is a product that contains seamless parts with a uniform wall thickness with more material in corners to absorb shocks and stresses where they occur most.

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Data Bridge Market Research analyses that the Global Rotomolding Products Market is expected to grow at a CAGR of 6.0% in the forecast period of 2023 to 2030 and is expected to reach USD 2,559,024.55 thousand by 2030. The positive outlook towards the construction sector is creating a new opportunity for the global rotomolding products market to grow in the upcoming years.

Key Findings of the Study

Rising acceptance of rotomolded products such as containers and pallets in packaging applications

Material packaging is among the five interconnected logistical roles that contribute significantly to logistics. The transportation, storage, control, and protection of materials, products, and packaged items during the manufacturing, distribution, and disposal processes are all part of material handling. Packaging serves a crucial purpose in enclosing materials and goods for distribution and transportation. They are important to improve customer service, minimize costs, and lower the chance of accidents and damage. The products manufactured through rotomolding technology offer affordable, safe, and durable solutions for material handling and packaging applications in various industries. They too have a high load bearing capacity because of their seamless, one-part design. Rotationally molded components are also a better alternative to conventional steel parts. Rotational molding is the ideal process for producing parts and components that may be utilized for collecting, storing, or moving nearly any substance due to its lower weight, improved corrosion resistance, and joint-free manufacture.

 Report Scope and Market Segmentation

Segment Analysis:

• The global rotomolding products market is segmented into three notable segments based on the product, machining, and application
• On the basis of product, the market is segmented into polycarbonate, polyethylene, polyurethane, PVC, nylon, polypropylene, and others. In 2023, the polyethylene segment is expected to dominate the market with a market share of 90.31%.

In 2023, the polyethylene segment is expected to dominate the market due to the growth in the popularity of athletics and water sports.

• On the basis of machining, the market is segmented into the clamshell machine, shuttle machine, vertical or rotational machine, carousel machine, and swing arm machine, and others. In 2023, the carousel machine segment is expected to dominate the market with a market share of 30.89%.

In 2023, the carousel machine segment is expected to dominate the market due to the growing demand for plastic products.

• On the basis of application, the market is segmented into packaging, agriculture, industrial, building & construction, consumer goods, automotive, furniture, marine, and others. In 2023, the packaging segment is expected to dominate the market with a market share of 32.85%

Major Players

Data Bridge Market Research recognizes the following companies as the major global rotomolding products market players in Global rotomolding products market are Rotoplast S.A.S.(Colombia), K. K. Nag Pvt. Ltd (India), FIBERTECH PLASTICS(U.S.), Top Rotomolding Technology Co., Ltd.(China), Yantai Fangda Rotational Molding Co., Ltd(China), Rotovia(Iceland), Carris Pipes & Tubes Private Limited(India), Starplast S.r.l.(Italy), PartnerPlast(Norway), ROTOMADE(Luxembourg), Comos Corporation Co., Ltd(Thailand), Rototek Limited(U.K.), Tank Holding Corp.(U.S.), Sherman Roto Tank(Texas), Dutchland Plastics(Wisconsin), Ocean Plastic Intertrade Co., Ltd.(Thailand), Ningbo Fly Plastic Co., Ltd.(China), Changzhou Treering Plastics Co., ltd(China), and Myers Industries(Ohio) among others.

Market Development

• In June 2022, it was published in an article that Rotovia has bought Berry’s rotational molding operations. It will be a driver for Rotovia’s growth as a manufacturer of rotomolded products.
• In June 2021, ROTOMADE acquired SAT VV 6000 equipment in order to be in line with their customer’s expectations. It is the newest addition to their already existing (SAT C 3000, SAT M 4000, SAT VV 5000, SAT S 2300) production units. It will be helpful for the company as it has a better production capacity, allowing it to manufacture larger products (up to 20,000 liters).
• In November 2017, PartnerPlast acquired the electronic technology company Powex AS (Molde). PowerPlast already owned 40% shares of Powex AS, but now it has completely taken ownership by buying 100% shares. This acquisition will strengthen the development capacity of both companies. It will lead to the growth of the rotomolding market as PartnerPlast will be able to improve its seismic and offshore products.
• In August 2021, Myers Industries, Inc. announced the acquisition of Trilogy Plastics' assets, which it financed with its revolving credit line. Trilogy Plastics is a top-tier bespoke rotational molder that specializes in high-quality, high-tolerance parts and assemblies. Horizon 1 of the long-term plan focusing on value-added bolt-on acquisitions is being accelerated with this transaction.
• In June 2020, Dutchland Plastics announced the official release of its product transfer process for companies looking to improve quality and dependable delivery. Dutchland’s QuickConnect program easily and seamlessly allows businesses to expand operations or move production to Dutchland with maximum speed and efficiency, and minimal supply chain interruption. This will help the company to expand their product portfolio and grow in the market.

Regional Analysis

Geographically, the countries covered in the global rotomolding products market report are U.S., Canada, Mexico, Germany, Russia, France, Italy, U.K., Spain, Netherlands, Switzerland, Portugal, Belgium, and Rest of Europe, China, India, India, Japan, South Korea, Indonesia, Thailand, Singapore, Australia, Philippines, Malaysia, and Rest of Asia-Pacific, Saudi Arabia, Egypt, United Arab Emirates, South Africa, Israel, and Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in the global rotomolding products market during the forecast period of 2023 - 2030

In 2023, Asia-Pacific dominated the global rotomolding products market due to growth in the popularity of athletics and water sports in the region.

Asia-Pacific is estimated to be the fastest-growing region in the global rotomolding products market in the forecast period of 2023 - 2030

China is expected to grow during the forecast period due to the presence of emerging economies in this region. In addition, the positive outlook towards the construction sector is expected to propel the market's growth rate in this region.

COVID-19 Impact Analysis

Covid-19's influence on the rotomolding products market is broad and multifaceted. Many rotomolding products firms took undertaking changes to suit its consequences. They focused on technological innovations in developing new products. The rotomolding products sector is extremely fortunate to be able to operate digitally, allowing the firms to continue to operate with minimal health and safety risks for employees.

However, this does not imply that the rotomolding products industry adjustments have been simple to implement. Not every segment of rotomolding products was built to allow team members to work remotely. In truth, the majority of the firms operate physically with dedicated equipment, software, hardware, and laboratories.

The rotomolding products market has implemented a number of technological and digital innovations in order to maintain excellent virtual performance.

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