Plastic Pails (Plastic Bucket) Market 2022 Size, Growth Analysis Report, Forecast to 2028

The global plastic pails (plastic bucket) market is estimated to grow at a CAGR of 4.0% during the forecast period.

To tackle bulk packaging issues, manufacturers across industries are rapidly resorting to less expensive, however, more efficient packaging solutions. The rising shift from metal to plastic packaging options is contributing to the market growth. As a result, creative packaging options such as plastic pails, which are less in weight and cost-effective, play a critical role in overcoming these obstacles. Plastic pails are cylinder-shaped containers with a capacity ranging from 3 to 50 litres that are generally used to store liquid and powder items. The global plastic pails market is likely to be driven by rising demand for food and beverage ingredients, oil lubricants, and chemical products. For bulk liquid packaging requirements, industrial chemical manufacturers around the world choose to employ cost-effective, lightweight, yet long-lasting packaging solutions. Plastic pails meet these specifications and are consequently widely used in the industrial chemical industry. Furthermore, the increased demand for dyes, coatings, paints, adhesives and other materials across various geographies is fueling the demand for plastic pails.

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The fluctuation of raw material (polymer) costs for the manufacture of plastic pails is restraining the market growth. Schoeller Allibert Group B.V., a leading European maker of returnable plastic packaging for material handling, opened a new state-of-the-art production facility in Beringen, Belgium, in October 2018. The Mauser Group announced the acquisition of American Container Net, Inc. (ACN) and its wholly-owned subsidiary, Strawser Steel Drum of Ohio, Ltd. in 2010.

(SSD)Plastic pails were a big seller in the Asia Pacific, accounting for more than half of all industrial bulk chemical output. Furthermore, with Asia Pacific countries such as China and India offering potential growth possibilities in terms of industrial chemical packaging, which in turn, is driving the demand for plastic pails.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- The Berry Global Group Inc., Greif, Inc., and Mauser Packaging Solutions, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Plastic Pails (Plastic Bucket) Market Report by Segment

By Type
• HDPE
• PP

By Application
• Food and Beverage
• Construction
• Chemical Industries
• Household
• Others

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This release was published on openPR.