Press release
Plastic Pails Market Booming Segments; Investors Seeking Growth 2021 -2030
Plastic Pails Market
Manufacturers across industries are gradually shifting to cheaper yet efficient packaging solution to overcome bulk packaging challenges. The shift from the manufacturing of metal to plastic packaging solutions has entirely changed the market landscape over the last two decades. Thus, novel packaging solutions such as plastic pails, which are lighter in weight as well as comparatively cost-effective, play a defining role in overcoming these challenges. Plastic pails are cylinder-shaped containers, usually with a capacity of about 3 liters to 50 liters, primarily used for the storage of liquid/powder products.
Plastic Pails Market: Dynamics
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. Plastic pails meet these requirements and thus, find foremost application in the industrial chemical sector. Additionally, the growing demand for dyes, coating, paints, adhesives, etc. across varied geographies is playing a pivotal role in propelling the demand for plastic pails.
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Fluctuation of raw material (polymer) prices for the manufacturing of plastic pails is anticipated to be a prime restraining factor for the global plastic pails market growth.
Plastic Pails Market: Company Developments and Industry-Level Trends
Key market participants across the globe that operate in the bulk industrial packaging market are focusing on acquisitions and collaborations with local/regional unorganized players that provide bulk packaging products.
In October 2018, Schoeller Allibert Group B.V., a Europe-based prominent manufacturer of returnable plastic packaging for material handling, inaugurated a new a state-of-the-art production plant in Beringen, Belgium
In 2010, The Mauser Group announced the takeover of the business of American Container Net, Inc. (ACN) along with its wholly-owned subsidiary, Strawser Steel Drum of Ohio, Ltd. (SSD)
Plastic Pails Market: Segmentation
The global plastic pails market can be segmented on the basis of top/head type, size/capacity, closure, and the end use.
The global plastic pails market can be segmented on the basis of top/head type into:
Open top/head plastic pails
Closed top/head plastic pails
The global plastic pails market can be segmented on the basis of size/capacity into:
Up to 3 Liters
Between 3 and 5 Liters
Between 5 and 10 Liters
Between 10 and 20 Liters
Between 20 and 50 Liters
50 Liters and above
The global plastic pails market can be segmented on the basis of end use industry served into:
Paints & coatings
Industrial chemicals
Inks, dyes and pigments
Petroleum and lubricants
Cleaning solvents
Polymers, resins & adhesives
Food & beverage ingredients
Agriculture & allied industry (fertilizers / pesticides)
Other industrial end use
Plastic Pails Market: Regional Outlook
The global plastic pails market has been segmented into seven regions, namely Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ) and Japan.
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As of 2017, Asia Pacific was a prominent market for plastic pails, accounting for above 50% of the global production of industrial bulk chemicals. Moreover, with countries such as China & India in Asia Pacific exhibiting lucrative growth opportunities in terms of industrial chemical packaging, the demand for plastic pails is expected to witness substantial growth over the forecast period.
Plastic Pails Market: Market Participants
Some of the key players currently operating in the global plastic pails market are:
Greif, Inc.
Mauser Group B.V.
Schutz Container Systems, Inc.
Berry Plastics Corporation
Time Technoplast Ltd.
BASCO, Inc.
FDL Packaging Group
Kay Industries (Pty) Ltd.
The Cary Company
Mitchell Container Services, Inc
Chicago Steel Container Corp.
BWAY Corporation
Great Western Containers Inc.
North Coast Container Corp.
Industrial Container Services, Inc.
M&M Industries, Inc.
Chicago Steel Container Corporation
Myers Container, LLC
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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