Industrial Pails Market is anticipated to reach US$ 10.76 Bn by 2029 from US$ 7.45 Bn in 2021 at a CAGR of 4.7% during a forecast period.Industrial Pails Market Overview
A pail is a cylindrical container made of metal or plastic that is used for storage or material handling in practically every industrial sector across the world. Industrial pails can feature slanted or straight sides, as well as a handle/bail and a cover. Industrial pails are available in a variety of sizes based on the amount of material handled. End consumers select industrial pails based on material compatibility, such as steel, plastic, or other metal, among others, depending on the area of the industrial sector. Several industrial pail manufacturers are concentrating on cost-effective alternatives to give improved packaging solutions that address issues like breakage and leakage.To know about the Research Methodology :- Request Free Sample Report
Industrial Pails Market Dynamics
The growing pharmaceutical and chemical industries are a primary driving force behind the massive development of the industrial pail market. The growing demand for lightweight, cost-effective packaging solutions in these industries is likely to drive up demand for industrial pails. The increasing use of industrial pails for bulk liquid handling is projected to provide new possibilities for industrial pail producers. Another factor influencing demand for industrial pails shortly is the rising need for coatings, paints, and adhesives as a result of rising worldwide demand. Other sectors that have used industrial pails include food and beverage, mining, and construction. The cost aspect has been identified as the biggest constraining factor for the growth of the industrial pail market. The fluctuating cost of raw materials used in the manufacture of industrial pails is likely to hamper the whole manufacturing process. As a result, the high cost of industrial pails is projected to reduce their penetration rate in industrial applications. As a result, market participants are focused on obtaining a constant supply of raw materials at cost-effective pricing agreements to achieve profitability in trading industrial pails.Growing Chemical Industries in the leading countries to create market opportunities
The growth of the chemical industries is expected to be a significant driving force in the industrial pails market. Chemical firms are looking for cost-effective, lightweight, yet robust packaging solutions for their bulk liquid packaging needs. This increases the need for industrial pails in the chemical industries.Industrial Pails Market Segmentation Analysis
By Material Type, the high-density polyethylene material type segment is estimated to be valued at US$ 950 Mn by 2029. The high-density polyethylene material type segment is predicted to account for more than one-tenth of the material type segments revenue share by the end of 2021 and to gain market share by the end of 2029. The qualities of high-density polyethylene, such as exceptional toughness and cut and wear resistance, as well as extremely good chemical resistance, sustain the market value. Furthermore, stackable high-density polyethylene pails with an easy-to-handle recessed lip are available on the market. Manufacturers also provide pails that meet USDA criteria and are FDA compliant. The ease of storage and transportation provided by the tapered body, which allows one pail to nest inside another, is also driving the market growth. By Capacity, the 1 Gal capacity segment is expected to be worth roughly US$ 1,900 Mn by 2029. This equates to a 4.3 % CAGR during the forecast period. By 2021, the 1 Gal capacity segment was predicted to account for more than one-fifth of the capacity segments sales share.Industrial Pails Market Regional Analysis
In 2021, Asia Pacific accounted for4.7% of the worldwide Industrial pails market and is likely to maintain its dominance during the forecast period. Rising exports from rising nations such as China and India are boosting market value significantly. Rapidly expanding industrialization and urbanization, as well as increased consumer expenditure and changing lifestyles, are all adding to the value of the regional market. However, the availability of alternatives such as cans and bottles is expected to limit regional market growth throughout the forecast period.Leading market key players are working to demonstrate the opportunity to Market.
Major players are implementing long-term tactics to acquire a competitive advantage, such as new product releases, product upgrades, and mergers and acquisitions, as well as collaboration partnerships. For example, Reliance Products LTD and Bucket Innovations, LLC, has announced a new North American distribution partnership agreement under which Reliance Products can manufacture and distribute Bucket Innovations' industrial-grade high-density polyethylene (HDPE) pails with a proprietary, integrated handle across North America. The new Reliance 5-Gallon Pail was set to be available in early July 2021 via both Reliance's industrial and outdoor recreation decisions. Bucket Innovations, LLC has also produced a patented bucket design by incorporating a molded handle into the bottom of industrial-grade pails. The new 5-gallon pail increases user efficiency and ergonomics while also adding a valuable safety layer above standard five-gallon pails. BMB SpA, an Italian injection molding machinery manufacturer, will display their eKW55Pi/7000 hybrid injection molding machine. In 14 seconds, the machine produces a 5-gallon industrial pail composed of high-density polyethylene. The 550-tonne hybrid press is designed to operate far quicker than conventional molds created for plastic industrial pails, resulting in a 25% increase in parts per hour output. The objective of the report is to present a comprehensive analysis of the Global Industrial Pails Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Industrial Pails Market dynamics, structure by analyzing the market segments and project the Global Industrial Pails Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Industrial Pails Market make the report investor’s guide.Industrial Pails Market Scope: Inquire before buying
Industrial Pails Market Base Year 2021 Forecast Period 2022-2029 Historical Data CAGR Market Size in 2021 Market Size in 2029 2017 to 2021 4.7% US$ 7.45 Bn US$ 10.76 Bn Segments Covered by Capacity • 1 Gal • 3 Gal • 4 Gal • 6 Gal by Type • High Density Polyethylene • Low Density Polyethylene • Polypropylene • Steel • Aluminum • Tin Regions Covered North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America Industrial Pails Market Key Players
• Mauser Group B.V • Delta Containers Direct Limited • Fibrestar Drums Ltd • Industrial Container Service • Orora Packaging Australia Pty Ltd • SCHÜTZ GmbH & Co • Grief Inc • Balmer Lawrie & Co. Ltd • FDL Packaging Group • Sonoco • TriMas Corp • Reliance Products LTD and Bucket Innovations • BMB SpA • Leaktite Corporation • E. Hofmann Plastics Inc Frequently Asked Questions: 1. Which region has the largest share in Global Industrial Pails Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Industrial Pails Market? Ans: The Global Industrial Pails Market is growing at a CAGR of 4.7% during forecasting period 2022-2029. 3. What is scope of the Global Industrial Pails market report? Ans: Global Industrial Pails Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Industrial Pails market? Ans: The important key players in the Global Industrial Pails Market are – Mauser Group B.V, Delta Containers Direct Limited, Fibrestar Drums Ltd, Industrial Container Service, Orora Packaging Australia Pty Ltd, SCHÜTZ GmbH & Co, Grief Inc, Balmer Lawrie & Co. Ltd, FDL Packaging Group, Sonoco, TriMas Corp, Reliance Products LTD and Bucket Innovations, BMB SpA, Leaktite Corporation, and E. Hofmann Plastics Inc 5. What is the study period of this market? Ans: The Global Industrial Pails Market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Industrial Pails Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Industrial Pails Market 3.4. Geographical Snapshot of the Industrial Pails Market, By Manufacturer share 4. Global Industrial Pails Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Industrial Pails Market 5. Supply Side and Demand Side Indicators 6. Global Industrial Pails Market Analysis and Forecast, 2021-2029 6.1. Global Industrial Pails Market Size & Y-o-Y Growth Analysis. 7. Global Industrial Pails Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 7.1.1. High Density Polyethylene 7.1.2. Low Density Polyethylene 7.1.3. Polypropylene 7.1.4. Steel 7.1.5. Aluminum 7.1.6. Tin 7.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 7.2.1. 1 Gal 7.2.2. 3 Gal 7.2.3. 4 Gal 7.2.4. 6 Gal 8. Global Industrial Pails Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Industrial Pails Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 9.1.1. High Density Polyethylene 9.1.2. Low Density Polyethylene 9.1.3. Polypropylene 9.1.4. Steel 9.1.5. Aluminum 9.1.6. Tin 9.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 9.2.1. 1 Gal 9.2.2. 3 Gal 9.2.3. 4 Gal 9.2.4. 6 Gal 10. North America Industrial Pails Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Industrial Pails Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 12. Canada Industrial Pails Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 13. Mexico Industrial Pails Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 14. Europe Industrial Pails Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 15. Europe Industrial Pails Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Industrial Pails Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 17. France Industrial Pails Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 18. Germany Industrial Pails Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 19. Italy Industrial Pails Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 20. Spain Industrial Pails Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 21. Sweden Industrial Pails Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 22. CIS Countries Industrial Pails Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 23. Rest of Europe Industrial Pails Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 24. Asia Pacific Industrial Pails Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 25. Asia Pacific Industrial Pails Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Industrial Pails Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 27. India Industrial Pails Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 28. Japan Industrial Pails Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 29. South Korea Industrial Pails Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 30. Australia Industrial Pails Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 31. ASEAN Industrial Pails Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 32. Rest of Asia Pacific Industrial Pails Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 33. Middle East Africa Industrial Pails Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 34. Middle East Africa Industrial Pails Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Industrial Pails Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 36. GCC Countries Industrial Pails Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 37. Egypt Industrial Pails Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 38. Nigeria Industrial Pails Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 39. Rest of ME&A Industrial Pails Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 40. South America Industrial Pails Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 41. South America Industrial Pails Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Industrial Pails Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 43. Argentina Industrial Pails Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 44. Rest of South America Industrial Pails Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Material Type, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Capacity, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Industrial Pails Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Grief Inc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Mauser Group B.V 45.5. Delta Containers Direct Limited 45.6. Fibrestar Drums Ltd 45.7. Industrial Container Service 45.8. Orora Packaging Australia Pty Ltd 45.9. SCHÜTZ GmbH & Co 45.10. Grief Inc 45.11. Balmer Lawrie & Co. Ltd 45.12. FDL Packaging Group 45.13. Sonoco 45.14. TriMas Corp 45.15. Reliance Products LTD and Bucket Innovations 45.16. BMB SpA 45.17. Leaktite Corporation 45.18. E. Hofmann Plastics Inc 46. Primary Key Insights