Plastic Pails Market

Plastic Pails Market – Overview

Plastic pails are rigid containers made of HDPE and come with an open head. They are ideal for holding large quantities of products manufactured for the industrial, paint and coatings, animal feed, petroleum, food, solvent industries, or janitorial and sanitation industries. The increasing demand from the aforementioned industries are considered key factors augmenting the sales growth of the global plastic pails market during the forecast period set between 2021 and 2031.

The plastic pails market categorized on the basis of product type, material type, capacity, end use, and region. Based on product type, the market is bifurcated into close top/head, and open top/head. With respect to material type, the market is grouped into PVC, PET, PP, PE, AND others. In terms of capacity, the market is segmented into above 20 liters, 10 to 20 liters, 5 to 10 liters, 3 to 5 liters, up to 3 liters. In terms of end use, the market is segmented into food & beverage ingredients, agrochemicals & fertilizers, petroleum & lubricants, inks, dyes, & pigments, paints & coatings.

The research report on plastic pails market offers a descriptive overview of the market and drivers, restraints, challenges, and future growth opportunities. It also highlights on the recent developments and innovations that helped the market grow in terms of revenue generation. List of the vendors operating in this market and their efforts in the form of innovations and new product launches is also discussed in details. The impact of the novel COVID19 pandemic is also discussed in the report. For more information on this market, log on to the company website.

Plastic Pails Market – Competitive Landscape

The nature of competition for this market is consolidated with the presence of a few vendors. Leading players of the plastic pails market are engaging in joint ventures and merger strategies to gain an upper hand in the overall market competition. Others are investing in introduction of innovative products to attract more revenues to the market. The key objective is to ensure a significant position in the market competition and earn handsome revenues for the overall market.

Some of the key players of the global plastic pails market include:

• Balmer Lawrie & Co. Ltd.
• M & M Industries Inc.
• Rieke Corporation
• Berry Global Inc.
• Great Western Containers Inc.
• FDL Packaging Group
• NCI Packaging
• Mauser Group N.V.
• Grief Inc.
• Time Technoplast Ltd.
• Others

Plastic Pails Market - Growth Drivers

The rising demand for chemicals, food and beverage ingredients, and oil lubricants is expected to drive the global plastic pails market. Globally, industrial chemical producers are now focusing towards lightweight, cost-effective packaging solutions in relation to bulk liquid packaging needs. Plastic pails meet these standards and, as a result, are widely used in the industrial chemical sector. Furthermore, the growing demand for dyes, paints, coatings, adhesives, and so on across different regions is expected to create revenue generation opportunities for the plastic pails market.

Plastic Pails Market – Geographical Insights

Geographically, this market is widespread into the regions of Latin America, Europe, North America, and the Middle East and Africa. These regions are further categorized as per the nations bringing business. Asia Pacific emerged as the largest revenue generator for the Plastic Pails market attributable to the rising economies of countries such as India, China, and South Korea. This, coupled with the rising demand for cheap packaging solutions from these nations are further projected to help this region continue dominance in the forecast period.