Raw Material Price Volatility: Myers Industries is highly dependent on the cost and availability of plastic resins and rubber, which are subject to significant price fluctuations due to global energy prices, supply/demand imbalances, and geopolitical factors. Unexpected increases in these costs, or disruptions in their supply, can negatively impact profit margins if they cannot be passed on to customers.

Economic Downturns and Demand Fluctuation: The demand for Myers Industries' products, particularly in material handling and industrial segments, is sensitive to overall economic conditions. A slowdown in industrial activity, construction, or consumer spending can reduce order volumes, impact sales, and lead to decreased profitability across their product lines.

Intense Competition and Market Share Erosion: The markets for Myers Industries' products are competitive, with numerous domestic and international players. Pressure from competitors on pricing, product innovation, and market penetration could erode MYE's market share, reduce margins, and make it difficult to maintain or grow sales volumes.