Global Industrial Pails Market – Industry Trends and Forecast to 2029

Global Industrial Pails Market, By Material Type (High Density Polyethylene, Low Density Polyethylene, Polypropylene, Steel, Aluminum, Tin, Other Materials), Capacity (1 Gal, 3 Gal, 4 Gal, 6 Gal, 9 Gal, 10 Gal, 12 Gal), End Use (Agriculture, Chemical, Pharmaceutical, Food and Beverage, Petrochemical, Building and Construction, Plastic and Rubber, Automotive, Mining and Metals) - Industry Trends and Forecast to 2029

Market Analysis and Insights

A dynamic shift in terms of packaging, transportation and storage of products is being witnessed across the packaging industries. Expansion of chemical and pharmaceutical sectors is rising the need of an industrial pails. SCHÜTZ GmbH and Co. KGaA, Greif, and BWAY Corporation are the some major players operating in this market.

• Global industrial pails market was valued at USD 7.12 billion in 2021 and is expected to reach USD 10.86 billion by 2029, registering a CAGR of 5.20% during the forecast period of 2022-2029. High Density Polyethylene is expected to witness high growth owing to the qualities, such as exceptional toughness during the forecast period. The industrial pails market report also covers pricing analysis, patent analysis, and technological advancements in depth.    

Market Definition

An industrial pail refers to a cylindrical container that is made of materials, such as metal or plastic that is widely deployed for storage or material handling in every industrial sector. These containers feature slanted or straight sides along with a handle/bail and a cover. They are available in a wide range of sizes in accordance with the amount of material handled. Industrial pails are selected by end consumers on material compatibility.

Industrial Pails Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Growth in Pharmaceutical and Chemical Industries

The rise in demand for lightweight, cost-effective packaging solutions in pharmaceutical and chemical industries across the globe acts as one of the major factor driving the growth of industrial pail market.

• High Demand for the Chemical Industry

The increase in demand for industrial pail from the chemical industry for paints and coatings accelerate the market growth. Paints are subset of coatings used as decorative, protective, or both.

• Need for Low Cost Packaging

The surge in adoption of industrial pail due to the rise in the need for low cost packaging solutions across several industries further influence the market.

Additionally, urbanization and industrialization, advancements in packaging technology, surge in investments and increase in the demand for innovative and convenient packaging positively affect the industrial pail market.

• Bulk Liquid Packaging Needs

The increase in need for lightweight, cost-effective, yet robust packaging solutions for their bulk liquid packaging needs extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

• High Investment Costs to limit the scope of growth in the long run

The high cost associated with the investments and maintenance of the industrial pail market will create hindrances for the growth of the fish box market. Also, stringent regulations will narrow down the scope of growth for the industrial pail market.

• Raw materials prices will pose a threat to the unprecedentedly growing market demand

The fluctuations and high cost of the raw materials, such as glass and metal are projected to challenge the industrial pail market during 2022-2029.

This industrial pail market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial pail market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Industrial Pails Market

The outbreak of coronavirus has critically impacted the industrial pail market. A decline in demand was witnessed to the extreme level owing to the lockdown creating hurdles for the key players operating in the field. As a result, the materials and packaging industry had to bear financial losses, therefore negatively impacting the industrial pail market.

On the brighter side, major players are recuperating their positions through capacity utilizations, production expansion and online selling in in the post-pandemic scenario. The manufacturers are focusing on developing better products, keeping in mind the new market trends to fulfil consumer requirements in the post-pandemic phase. New technological advancements will further help to excel the availability of industrial pail in the developing and emerging markets post pandemic.

Recent Development

• Novvia Group acquired the container distribution division of Andicor Specialty Chemicals in February’2022 within Canada. The acquisition was done in order to better serve its existing and future customers and expand Canadian market.

Global Industrial Pails Market Scope

The industrial pail market is segmented on the basis of material type, capacity and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

• High Density Polyethylene
• Low Density Polyethylene
• Polypropylene
• Steel
• Aluminum
• Tin
• Other Materials

On the basis of material type, the industrial pail market is segmented into high density polyethylene, low density polyethylene, polypropylene, steel, aluminum, tin and other materials.

Capacity

• 1 Gal
• 3 Gal
• 4 Gal
• 6 Gal
• 9 Gal
• 10 Gal
• 12 Gal

On the basis of capacity, the industrial pail market is segmented into 1 gal, 3 gal, 4 gal, 6 gal, 9 gal, 10 gal and 12 gal.

End Use

• Agriculture
• Chemical
• Pharmaceutical
• Food and Beverage
• Petrochemical
• Building and Construction
• Plastic and Rubber
• Automotive
• Mining and Metals

On the basis of end use, the industrial pail market is segmented into agriculture, chemical, pharmaceutical, food and beverage, petrochemical, building and construction, plastic and rubber, automotive, and mining and metals.

Industrial Pails Market Regional Analysis/Insights

The industrial pail market is analysed and market size insights and trends are provided by country, material type, capacity and end use as referenced above.

The countries covered in the industrial pail market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the industrial pail market because of the large number of industrial pail manufacturing companies within the region.

Asia-Pacific is expected to witness high growth during the forecast period of 2022 to 2029 owing to the expanding manufacturing sector in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Industrial Pails Market Share Analysis

The industrial pail market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial pail market.

Some of the major players operating in the industrial pail market are SCHÜTZ GmbH & Co. KGaA (Germany), Greif (US), BWAY Corporation (US), Industrial Container Services (US), Orora Packaging Australia Pty Ltd (Australia), Time Technoplast Ltd (India), Kaufman Container. (US), FDL Packaging Group (UK), NCI Packaging. (Austalia), Leaktite Corporation (US), E. Hofmann Plastics Inc., (Canada). among others.