Global Industrial Pails Market Size study, by Material Type (High Density Polyethylene, Low Density Polyethylene, Polypropylene, Steel, Aluminium, Tin, Other Materials) by Capacity (1 Gal, 3 Gal, 4 Gal, 6 Gal, 9 Gal, 10 Gal, 12 Gal) by End Use Industries (Agriculture Chemical, Pharmaceuticals, Food & Beverage, Petrochemical, Building & Construction, Plastic & Rubber, Automotive, Mining & Metals) and Regional Forecasts 2022-2028Global Industrial Pails Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. An Industrial pail is a round, open container with a handle made from Plastic or Metal such as Steel, Aluminum, and tin. It is used in various industrial packaging applications for the purpose of transportation or shipping. Growing Food and Beverages industry and rising product innovations by leading market players are key drivers for the growth of Industrial Pails market. For instance, according to global database management company Statista- As of 2022, revenue in the Food segment is estimated to reach to USD 274 billion and as per projections the revenue is expected to show an annual growth rate of 23.26% from 2022 to 2025, resulting in a projected market volume of USD 513 billion by the year 2025. In recent events, in April 2021 Mauser Packaging Solutions has completed acquisition of Italy based Global Tank Srl through its Joint Venture NCG-Maider in Italy. Moreover, through this acquisition, Mauser Packaging Solutions would further extend the offering of industrial packaging products and services in the Italian market. Furthermore, in October 2021 Muller Technology has launched industry's first hybrid pail with 75 per cent less plastic. Moreover, the 1.2-L Skel-Pac system - targeted for food and industrial packaging. Also, with the increasing demand from industrial packaging applications and growing Chemical and Adhesive industry, the adoption & demand for Industrial Pails is likely to increase the market growth during the forecast period. However, rising environmental consciousness over plastic use and fluctuating prices of raw materials impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Industrial Pails market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to growing chemical and adhesive industry in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as rising logistics and transportation sector and growing food and beverages industry in the region would create lucrative growth prospects for the Industrial Pails market across Asia-Pacific region.
Major market player included in this report are:
SCHuTZ GmbH & Co., Public Ltd.
Grief Inc., Public Ltd.
Mauser Group B.V., Pvt Ltd.
Orora Packaging Australia Pty Ltd,
Balmer Lawrie & Co. Ltd,
Industrial Container Services, Pvt Ltd.
Delta Containers Direct Limited,
FDL Packaging Group,
Fibrestar Drums Ltd
Sonoco Public Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
High Density Polyethylene
Low Density Polyethylene
Polypropylene
Steel
Aluminium
Tin
Other Materials
By Capacity:
1 Gal
3 Gal
4 Gal
6 Gal
9 Gal
10 Gal
12 Gal
By End Use Industries:
Agriculture
Chemical
Pharmaceuticals
Food & Beverage
Petrochemical
Building & Construction
Plastic & Rubber
Automotive
Mining & Metals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Industrial Pails Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
SCHuTZ GmbH & Co., Public Ltd.
Grief Inc., Public Ltd.
Mauser Group B.V., Pvt Ltd.
Orora Packaging Australia Pty Ltd,
Balmer Lawrie & Co. Ltd,
Industrial Container Services, Pvt Ltd.
Delta Containers Direct Limited,
FDL Packaging Group,
Fibrestar Drums Ltd
Sonoco Public Ltd.
