Press Release
Business

Rotomolded Containers Market To Increase at Steady Growth Rate

Global Packaging Industry Outlook

In the years to come, sustainable packaging may no longer be viewed as an oxymoron. Packaging companies are embracing “green” techniques in manufacturing processes, accepting sustainability as a part of solution, rather than a problem. Apart from government initiatives and stringy industrial regulations, customers are also putting pressure on packaging companies to reduce content of non-biodegradable materials in their packaging products – a measure commonly known as down gauging. Urbanization can play a pivotal role in instrumenting the growth in adoption of sustainable packaging practices. Rising concentration of customer base in urban cities is propelling the awareness towards green packaging. Leading brands in the packaging sector are making more environmental choices, and are understanding that consumers’ inclination towards sustainability can render cost-savings to manufacturers and deliver tangible profits.

As the global plastic production increases at a rapid pace, packaging companies realize the need for new, smarter materials that will not swamp our oceans and stuff-up our landfills. Materials with wider range of properties are being tested for their flexibility across multiple packaging applications. Short, one-use life cycle of plastic as packaging material, is also observed to drive the demand for sustainable alternatives. Packaging for food & beverage products is witnessing an uptick in adoption of edible films & wraps made from organic starch. Some players in the sector have pioneered the use of agar as packaging alternative to bubble wrap or foam materials. Biopolymers are also making foray into packaging as alternatives to unrecyclable plastic materials.

When supply is constrained in the face of high demand, key feedstock suppliers in the packaging sector, who are often large global producers, may pass on increased commodity costs to packaging manufacturers. Packaging companies, observed as “converters” in the materials industry, are currently in a potentially vulnerable position in the value chain since they engage in converting these raw materials into value-added packaging products. It is important for packaging businesses to regulate the stability of their input raw material costs. Due to undulating feedstock costs & fluctuating raw material prices, many packagers transfer the raw material price inflation to customers, as much as possible. In terms of procurement, several players in the packaging sector tend to balance the security of raw material supply contracts with their needs assessment.

List of factors tracked in the Packaging Consumable Market Report

Plastic Film Production & Consumption

Paper & Paperboard Production & Consumption

Number of Packaging Converters

Packaging Manufacturers

End User Industry Growth

Food & Beverage Industry

Pharmaceutical Industry

Medical Device Industry

Consumer Goods

Electrical and Electronics

Chemical Industry

Manufacturing Value Add

Product Offering of Packaging Consumable

Research Methodology

XploreMR utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

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XploreMR collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, XploreMR validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, analyst presentations, and paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Market Taxonomy

The global rotomolded containers market has been segmented into:

Material Type

Product Type

End Use

Region

Polyethylene (PE)

Polypropylene (PP)

Polyvinyl Chloride (PVC)

Polyamide (PA)

Others

Cases

Tanks

IBCs

Trays

Others

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Consumer Electronics

Material Handling

Chemicals & Fertilizers

Food & Beverages Processing

Petroleum & Lubricants

Others

North America

Latin America

Western Europe

Eastern Europe

APEJ

MEA

Japan

Standard Report Structure

Executive Summary

Market Definition

Macro-economic analysis

Parent Market Analysis

Market Overview

Forecast Factors

Segmental Analysis and Forecast

Regional Analysis

Report Methodology

The analyst authoring the global rotomolded containers market have done extreme research in the field. In order to arrive at the market numbers, different hypothesis were adopted. For one of the hypothesis formulation, the market share of all the competitors was taken into consideration.  Market share was deduced through primary interviews with industry experts in the companies and then was benchmarked to arrive at the global value. Another hypothesis taken into consideration was the consumption of rotomolded containers by the end use industries and the same was used to arrive at the global market value.

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