What is Plastic Pails Market?
Plastic pails is used for holding large quantities of products manufactured. It is used to store and packaging of liquids to avoid spoilage and contamination. It is used in various industrial such as food, janitorial, petroleum, paint & coatings, sanitation industries, animal feed, solvents, among others. It is also popularly known as a plastic bucket. These pails are available in various shapes & sizes and usually with a capacity is range between 5 liters to 50 liters. It is mainly used for the storage of liquid or powder products.
The market study is being classified and major geographies with country level break-up.
Brockway Standard Holdings Corp. (United States), Berry Global, Inc. (United States), M&M Industries (India), Encore Plastics Corporation (United States), Industrial Container Services (Australia), Hitech Group (India), Ruijie Plastics (China), Priority Plastics (India), Paragon Manufacturing (United States) and E. Hofmann Plastics (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are CL Smith (United States) and Leaktite Corporation (United States).
In October 2018, the Schoeller Allibert Group B.V. Company has inaugurated a state-of-the-art production plant in Beringen. Hence, this expansion will affect the growth of the market in the future. Research Analyst at AMA predicts that United States and China Manufacturers will contribute to the maximum growth of Global Plastic Pails market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Plastic Pails market by Type, Application and Region.
On the basis of geography, the market of Plastic Pails has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand from Food & Beverage Ingredients, Oil Lubricants and Chemical Sectors
- Rising Demand for Dyes, Coating, Paints and Adhesives across the world
Market Trend
- Technology Advancement regarding Plastic Pails
Restraints
- Stringent Rules as well as Regulation
Opportunities
- Growing demand from emerging markets such as China and India. For instance, according to a survey, it is found that, in 2018, China is the most populous country with approximately 1.42 billion persons. India is the second-largest country by population with more than 1.35 billion populations. Due to the rising population will lead to the demand for food & beverage ingredients. Plastic pails are widely used in food & beverage ingredients.
Challenges
- The fluctuation of raw material prices
Key Target Audience
Manufacturers of Plastic Pails, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others