Industrial Pails Market Will Reach US Dollor 9,585 Mn Globally, in 2027

(Market Prediction via Comtex)

The global Industrial Pails Market is estimated to grow at a healthy CAGR of over 5.2% during the forecast period 2020 to 2027 and reach a valuation of over US$ 9,585 Mn. The market report provides an analysis of the global Industrial Pails Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

The pail is a technical term used in the transportation or shipping industry. These are basically a type of cylindrical container ranging from 1 to 13 US gal. These containers can have slanted or straight side and usually have bail or handle. These are made up of various materials including steel, tinplate, aluminum, fiber, paperboard, and plastics. These are used for a variety of fluids and flow-able materials.

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An industrial pail refers to the containers in a cylindrical structure with straight or slanted sides and usually with bail or handle to convenience in handling. These are made up of various types of materials including polyethylene, polypropylene, steel, aluminum, and tin among others. Basically it's a technical term for buckets used in industrial purposes. The global industrial pails market is segmented into material type, capacity, and end-user. The capacity range starts from 1 gal to 13 gal. By the end-user, the global industrial pails market is bifurcated into agriculture, chemical, pharmaceuticals, food & beverage, petrochemical, building & construction, plastic & rubber, automotive, and mining & metals.

By material type, industrial pail manufactured with high-density polyethylene material is leading the global industrial pail market with major share. The properties associated with high-density polyethylene such as excellent toughness and cut & wear as well as very good chemical resistance are supporting the market value. Furthermore, Stackable high-density polyethylene pails are available in the market with effortless handling and recessed lip. Manufacturers are also providing pails to conform to USDA specifications and FDA compliance. The easy storage and shipping due to the tapered body which allows one pail to nest inside another are also propelling the market growth.

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In 2019, Asia Pacific held the major share of the global Industrial pails market and expected to lead over the estimated period. The market is also projected to register the fastest growth over the forecast period. Increasing exports from emerging economies like China and India is majorly supporting the market value. Rapidly increasing industrialization and urbanization coupled with rising consumer spending and changing lifestyles are additionally contributing to the regional market value. However, the availability of substitutes such as cans and bottles are projected to hamper the growth to an extent in the regional market during the estimated period.

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Some of the leading competitors are Balmer Lawrie & Co. Ltd, Delta Containers Direct Limited, FDL Packaging Group, Fibrestar Drums Ltd, Grief Inc., Industrial Container Services, Mauser Group B.V., Orora Packaging Australia Pty Ltd, SCHUTZ GmbH & Co., and Sonoco. The major industrial pails companies have announced mergers and acquisitions to expand their position in the industrial pails industry. Major players are also moving into new regions or advanced technologies for gaining competitive advantage.

Market Segmentation

Market By Material Type

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

Market By Capacity

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

Market By End User

  • Agriculture
  • Chemical
  • Pharmaceuticals
  • Food & Beverage
  • Petrochemical
  • Building & Construction
  • Plastic & Rubber
  • Automotive
  • Mining & Metals

Market By Geography

(Regional Output, Demand & Forecast by Countries)

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Spain and Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, South Africa and Rest of MEA).

Some of the key observations regarding industrial pails industry include:

  • TriMas Corp. has signed an agreement to buy Plastic Srl, an Italian molder of plastic caps and closures. The deal was scheduled to close in 2019. After the acquisition Plastic Srl was intended to become a wholly-owned division of TriMas’ Rieke Packaging Systems business. Whereas, Rieke makes specialty dispensing systems including plastic and steel closures, caps, and pail enclosures among others.
  • In 2019, Reliance Products LTD and Bucket Innovations, LLC have announced a new North American distribution partnership agreement, which allows Reliance Products the licensing rights to manufacture and market Bucket Innovations’ industrial-grade high-density polyethylene (HDPE) pails with a patented, integrated handle throughout North America. The new Reliance 5-Gallon Pail was scheduled to be available from the beginning of July 2019 through both Reliance’s industrial and outdoor recreation decisions. Furthermore, Bucket Innovations, LLC has developed a patented bucket design by integrating a molded handle into the bottom of industrial-grade pails. The new 5 gallon pail improves efficiency and ergonomics for the user and also adds a beneficial safety layer over traditional five-gallon pails.
  • BMB SpA, an Italian injection molding machinery maker is exhibiting its eKW55Pi/7000 hybrid injection molding machine at NPE2018. The machine is producing a 5-gallon industrial pail made from high-density polyethylene in a cycle time of 14 seconds. The 550-tonne hybrid press is designed to run much faster than conventional molds that are built for plastic industrial pails, which leads to a 25% improvement of output in parts per hour.

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

CHAPTER 4. INDUSTRIAL PAILS MARKET BY MATERIAL TYPE

CHAPTER 5. INDUSTRIAL PAILS MARKET BY CAPACITY

CHAPTER 6. INDUSTRIAL PAILS MARKET BY END USER

CHAPTER 7. NORTH AMERICA INDUSTRIAL PAILS MARKET BY COUNTRY

CHAPTER 8. EUROPE INDUSTRIAL PAILS MARKET BY COUNTRY

CHAPTER 9. ASIA-PACIFIC INDUSTRIAL PAILS MARKET BY COUNTRY

CHAPTER 10. LATIN AMERICA INDUSTRIAL PAILS MARKET BY COUNTRY

CHAPTER 11. MIDDLE EAST & AFRICA INDUSTRIAL PAILS MARKET BY COUNTRY

CHAPTER 12. COMPANY PROFILE

CHAPTER 13. RESEARCH APPROACH

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