The global Plastic Pails Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.7% during the review period (2022 to 2027)
Plastic Pails Market Overview
Plastic pails is a cylindrical shipping container that is designed with different type of capacity of such as 3 to 50 litres (1 to 13 US gal). Plastic pasils have a straight or slanted sides and is usually has a metal or plastic handle. The non-technical name used for plastic pails is bucket. Plastic pails have applications in various industries such as paints & coatings, inks & dyes, petroleum & lubricants, cleanig solvents, food & beverages, and others. Manufacturers across the globe are shifting to cheaper pakcaging solutions for overcoming bulk packaging solutions. Plastic pails are cheaper, lighter & cost effective making it ideal product to used for packaging solutions. This growing shift towards cheaper packaging is supporting the market growth of plastic pails.The market for plastic pails is driven by the growing demand from the food & beverages, and oil & chemical industries. More demand for efficient plastic solution at cheaper prices, having lightweight and great strength & durability, is projected to support the market growth of plastic pails. Morepover, growing market demand for dyes & pigments, food & beverages, and chemical for various applications is expected to drive the market for plastic ails.The increasing demand from food & beverage ingredients, oil lubricants and chemical sectors is expected to be the key driving factor for the global plastic pails market. Globally, industrial chemical manufacturers are inclined towards the use of cost-effective and lightweight yet long-lasting packaging solutions for bulk liquid packaging requirements.
Industry News
In September 2016, BWAY corporation, manufacturer of rigid metal & plastic container acquired KLW plastics. This acquisition will help the company expand its product offering along with developing innovative products to further propel company growth.
What are the major Applications, Types and Regions for Plastic Pails Market?
Plastic Pails Market is segmented based on the type, applications, companies and regions.
By Type, Plastic Pails Market has been segmented into
By Application on Plastic Pails Market is,
- Telecommunications
- Healthcare
- Industrial
- Security
- Transportation & Automotive
- Other
Plastic Pails Market Regional Analysis
The Asia-Pacific dominated the market due to growing application in construction, food & beverages along with incresing demand for cheap packaging solutions from the consumer is expected to propel the demand for plastic pails market in the region. Growing economies such as China, India, and South Korea is expected to increasing the demand for food, which in turn will support the market growth of plastic pails.
The report offers in-depth assessment of the growth and other aspects of the Plastic Pails Market in important regions, including the
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
Plastic Pails Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Plastic Pails Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
What is our Plastic Pails Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 3.7% during the review period (2022 to 2027).
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By Type
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By Application
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- Telecommunications
- Healthcare
- Industrial
- Security
- Transportation & Automotive
- Others
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By Companies
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BWAY, RPC, Jokey, Greif, BERRY PLASTIC, Pro-design, M&M Industries, Encore Plastics, Industrial Container Services, Hitech, Ruijie Plastics, Priority Plastics, Pro-western, Paragon Manufacturing, Hofmann Plastics, CL Smith, Xingguang Industrial, Leaktite, and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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130
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Plastic Pails Report
- Evaluate Plastic Pails market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Plastic Pails market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Plastic Pails Market is studied from 2017 - 2027.
What is the growth rate of Plastic Pails Market?
The Plastic Pails Market is growing at a CAGR of 3.7% over the next 5 years.
What regions does this Plastic Pails Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
