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Asia Pacific Market Set to Dominate the Global Industrial Pails Market in Terms of Revenue

10-29-2018 09:58 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Asia Pacific Market Set to Dominate the Global Industrial Pails

Pails are a type of cylindrical containers that are usually made up of plastic or metal and are used in the storage of liquid or semi-liquid industrial products. There are various factors that are contributing to the expansion of global industrial pails market. A major factor is the rapid growth of the chemical and pharmaceutical industries. Manufacturers in such industries want packaging solutions that are light in weight, are cost effective and also durable and strong for their bulk liquid packaging requirements. Due to this reason, industrial pails find significant applications in the chemical and pharmaceutical industries. In addition, there is a growing demand for paints, adhesives and coatings all across the world and this is another factor driving the market growth. However, the fluctuating prices of raw materials for the manufacturing of industrial pails are restraining the growth of the global industrial pails market. Besides, there are growing applications of industrial pails in the food and beverage, construction and mining industries, which are providing new opportunities for the global industrial pails market.

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The global industrial pails market is slated to reach a valuation of nearly US$ 9,300 Mn in the year 2026 and exhibit a moderate CAGR during the period of forecast.

Forecast Highlights on Global Industrial Pails Market

As per the forecast of Future Market Insights, the low density polyethylene material type segment is slated to touch a value of nearly US$ 650 Mn in the year 2026. This represents a moderate CAGR growth during the assessment period of 2017-2026. The low density polyethylene material type segment was estimated to account for nearly one-tenth of the revenue share of the material type category by the year 2017 and is expected to lose in market share by the year 2026 end.

As per the assessment of Future Market Insights, the 3 Gal capacity segment will reach a valuation of nearly US$ 1,050 Mn in the year 2026. This represents a moderate CAGR growth during the period of assessment. The 3 Gal capacity segment was estimated to account for more than one-tenth of the revenue share of the capacity category in the year 2017 and is expected to lose market share by the end of the year 2026.

As per the estimates of Future Market Insights, the agriculture segment is slated to reach a valuation of nearly US$ 310 Mn by 2026. The agriculture segment is expected to lose market share by the end of the year 2026. The largest share is contributed by the North America region in the agriculture segment.

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Future Market Insights forecasts the US industrial pails market to grow from nearly US$ 1,200 Mn by 2017 to US$ 1,700 Mn by 2026. This represents a compound annual growth rate (CAGR) of 3.9% from 2017 to 2026.

Competition Landscape

The report has also profiled leading players in the global market for industrial pails, which will remain active through 2026. These include companies such as FDL Packaging Group, Grief Inc., Balmer Lawrie & Co. Ltd, SCHÜTZ GmbH & Co., Sonoco, Orora Packaging Australia Pty Ltd, Mauser Group B.V., Fibrestar Drums Ltd, Delta Containers Direct Limited and Industrial Container Services.

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More from Packaging Market Intelligence:

Pharmaceutical Vials Market Pharmaceutical Vials Market Segmentation Product Type - Self Standing, Round Bottom; Material Type – Glass, Plastics; Capacity Size – 0-1ml, 1-10ml, 10-50ml, 50-100ml:

Specialty Films Market Specialty Films Market Segmentation Product Type - Stretch Film, Shrink Film, Barrier Film, Conductive Film, Safety & Security Film, Anti-Fog Film, Other Films; Material Type - Polyethylene (PE), Polyethylene terephthalate (PET), Polyamide (PA), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyurethane (PU), Aluminum, Others (Evoh, Polycarbonate etc); End Use - Food & Beverage, Cosmetic & Personal Care, Chemical, Agriculture, Building & Construction, Pharmaceutical, Electrical & Electronic:

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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