The global rotational moulding machines market is estimated at US$ 918.7 million in 2023. The market is projected to reach US$ 1,321 million by 2033, exhibiting a CAGR of 3.7% from 2023 to 2033. Rotational moulding machines make up around 1% to 2% of the global packaging machinery market, which was valued at US$ 60.91 billion in 2022.
The plastics moulding technique known as rotational moulding, or roto-molding, is excellent for producing seamless, and double-walled objects. Although it is a casting technique, it does not use pressure as numerous other plastics processing does. Given the lack of pressure, the technique requires relatively cheap moulds. Since relatively small production runs can be produced extremely affordably, demand from several end-use sectors is on the rise.
The market is expanding as a result of rising demand across key sectors for affordable machinery that offers maximum output. Also, the market gains from a rise in demand for consumer items with intricate designs. Demand for rotational moulding is also increasing for casting or manufacturing goods.
The industrial and manufacturing sectors are driving the increased demand for rotational moulding machines. Leading factors anticipated to drive revenue growth include rapid industrialization and a growing preference for industrial tanks and containers in various sectors. The increased demand for plastic items among customers is driving up the rotational moulding machine price.
Unheated moulds are widely sought-after in all significant sectors owing to their useful applications in centrifugal casting and spin casting. Hence, the overall volume of sales within the market is anticipated to grow at a rapid rate during the forecast period. As a consequence of improvements in the manufacturing of plastic, growth in the global rotational moulding machines market is projected.
Rotational moulding is considered a sustainable manufacturing process. The reason is that it produces less waste than other techniques for making plastic and employs recyclable ingredients. As consumers become more environmentally conscious, this is driving the demand for roto moulding machines.
There is a growing trend of customization and product innovation in various industries. The demand for rotational moulding equipment is being driven by the need to create distinctive and personalized plastic items. Moreover, the adoption of automation and robotics in rotational moulding machines is increasing. This results in increased product quality decreased labour costs and greater process efficiency.
As consumer demand for convenient goods and services rises, governments throughout the world are making more attempts to introduce plastic products. Growing collaborations between key market players for the production of appealing and visually beautiful home décor items. Home décor is becoming very prevalent among the Millennial and Gen Z population. Also, the growing necessity to address operational difficulties is anticipated to further open up new doors for substantial businesses and the expansion of the industry.
The roto moulding machine market is increasingly adopting digitalization, automation, and Industry 4.0 principles. This includes the use of data analytics, predictive maintenance, and remote monitoring. These technologies are transforming the manufacturing process and driving the trend toward smart and connected rotational moulding machines.
How Automated Feed Lines Along with Increased Output is Likely to Benefit Rotational Moulding Machine Manufacturers?
The rotational moulding market is experiencing significant advancements in production processes to enhance manufacturing output. Production capacity expansion and the addition of automated feed lines are being adopted to streamline and increase production. Compared to other moulding processes, rotational moulding machines are known for their cost-effectiveness. This makes them a preferred choice for rotational moulding machine manufacturers. To further improve efficiency, leading manufacturers are focusing on incorporating automated feed lines into their production systems. This automation simplifies the moulding process and reduces time consumption. Therefore, it results in increased demand for automated systems in the rotational moulding industry.
Another notable development in the industry is the integration of end-to-end information exchange systems in product lines. Simplifying the production process has led to increased production efficiency. Crosslinking automation, IT, and IoT (Internet of Things) in production lines have also facilitated better inventory management for different machine components. Hence, this results in streamlined operations and inventory control.
What Impacts Does the Customization Trend Have on the Global Rotational Moulding Machines Market Growth?
Manufacturers prefer customizable components in rotational moulding machines based on production requirements. It depends on factors like production volume, energy consumption, the material used, and the processing cycle. The thickness of the moulds used is determined by the product thickness. To boost consumption, manufacturers are now providing production-oriented machinery.
Huge containers, industrial goods, and hollow tanks can all be produced with rotational casting machines. Manufacturers can increase production speed and optimize energy use by varying the stations and arms employed.
The growing trend of customization in the modern marketplace is driving demand for rotational moulding machines all around the world. This allows end-user industries to meet the advanced needs of their consumer base. Thus, the demand for rotational moulding machines is expected to increase during the forecast period.
Exploring the Regional Patterns
Rotational Moulding Machines Reshaped the Manufacturing Landscape in the United States: the Market Thrives in North America
In terms of regional distribution, the North America rotational moulding machines market accounted for more than 1/4th of the global rotational moulding machines industry in 2022. This indicates that the market has a strong presence in this region which is likely to persist during the forecast period.
The United States rotational moulding machines market dominates the market in North America. The country accounted for 89% of total sales in 2022. This is driven by the presence of numerous chemical industries and key market players expanding their operational capacities for retooled containers.
According to The European Chemical Industry Council, the United States is the third leading chemical producer globally with total sales of US$ 488 billion in 2020. The chemical industry is a key end-user of retooled packaging products. The increasing production and international trade of chemicals are driving the demand for rotational moulding machines.
The growing demand for food services and the expanding retail food industry have given the food segment a significant part of the market under study. The demand for flexible food packaging is anticipated to increase since customers in the country becoming more conscious of keeping a healthy diet. This is changing the frequency with which fresh, wholesome food is supplied to them.
Rotational Moulding Machines Gain Traction in the United Kingdom: Europe Poised for Remarkable Growth
Given the existence of renowned producers of moulded items, the Europe rotational moulding machines market is expected to proliferate moderately. The growing use of innovative processes in the production of plastic items is likely to favourably impact market growth.
The advantages of weight reduction and minimal material waste are increasingly being recognized by end-users. Governments, on the contrary, have established rules for the production of plastic items. This led to an increase in the adoption of these types of machinery.
The United Kingdom rotational moulding machines market exhibits a dynamic landscape. Market growth is influenced by factors including preferable economic conditions, industrial expansion, and evolving consumer demands. The demand for rotational moulding machines is driven by various sectors, including automotive, aerospace, and packaging, where innovative and sustainable plastic products are in high demand.
The United Kingdom-based packaging manufacturer DS Smith announced in April 2021 about investment. It is going to invest US$ 20.68 million in the refurbishment and development of its German facility in Thuringia. The firm is enhancing its client offering in the e-commerce and fast-moving consumer goods industries with this investment.
Rotational Moulding Machines Industry Soars in Asia Pacific: China and India Lead the Way
A considerable revenue CAGR is anticipated for the Asia Pacific rotational moulding machines market over the projected period. This growth can be attributed to the rising population, rapid urbanization, and industrial expansion. Given shifting customer tastes and a penchant for practical items, packaging, and plastic products are in more demand.
China is ranked as the world’s leading manufacturing powerhouse. The country is responsible for 28% of global manufacturing output, according to the World Economic Forum. The industrial and manufacturing sectors in China are experiencing significant growth. This is driving demand for affordable protective packaging solutions and production machinery. As a result, the sales of rotational moulding machines in China are expected to increase by US$ 14.2 million during the forecasted period.
China is attracting renowned global manufacturers to expand their manufacturing bases owing to cheaper production costs and favourable trade laws. Increasing the local content of key materials to 40% by 2020 and 70% by 2025 is the goal of China’s 10-year Made-in-China 2025 industrial development plan. The need for packing equipment in these nations is likely to certainly boost as the industrial sector expands. This is expected to make China rotational moulding machines market the leading market in East Asia.
Businesses in the roto moulding market are providing customers with pioneering solutions to set themselves apart in the extremely fragmented competitive landscape. Syntegon and Shanghai Pharmaceuticals entered into a partnership in December 2021. To construct a continuous manufacturing technology laboratory onsite. As part of their agreement, the two businesses are going to work closely together in an extensive ‘co-laboratory’ setting. They aim to establish a national standard for continuous manufacturing, increase production effectiveness, and foster the growth of new ideas.
The National Investment Promotion Facilitation Agency estimates that the retail volume value of the India e-commerce market was about US$ 55 billion in 2021. Also, the Government of India approved a marketplace business model and 100% Foreign Direct Investment (FDI) through the automatic method.
The India rotational moulding machines market is likely to expand to maintain the supply-to-demand. The reason behind this is the rising support from regulatory bodies and a shift in consumer preferences towards online shopping platforms. With the help of tax breaks and financial assistance, the Indian government has started a new ‘Made in India’ campaign to aid in the development of new businesses.
