Industrial Pails Market to be worth US$ 12.1 billion by 2032 | CAGR of 4.6%

The desire for efficient and affordable packaging solutions across numerous industries, including food and beverage, chemicals, pharmaceuticals, and others, is fueling the rapid growth of the industrial pails market, a subsegment of the packaging industry. Large volumes of liquids, powders, and pastes are frequently transported, stored, and dispensed using industrial pails.

The industrial pails market is anticipated to reach US$ 7.8 Bn in 2022 and grow at a CAGR of 4.6% from 2022 to 2032. By the end of 2032, the market is anticipated to reach US$ 12.1 billion. Industrial pail sales are expected to increase, and by the end of 2022, the top 3 nations will likely control between 30 and 35 percent of the global market.

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The growth of the food and beverage industry, especially the demand for packaged and processed food, is a significant driver of the industrial pails market. The use of industrial pails in the food and beverage industry helps to preserve the quality, freshness, and safety of the food and beverage products, which is essential for consumer health and satisfaction.

The rise in the demand for biodegradable and eco-friendly packaging solutions is also contributing to the growth of the industrial pails market. Manufacturers are now offering industrial pails made of biodegradable materials, such as cornstarch and sugarcane, which can break down into organic matter and do not harm the environment.

The growth of the chemical and pharmaceutical industries, along with the increasing demand for high-quality, safe, and secure packaging solutions, is also fueling the growth of the industrial pails market. The use of industrial pails in the chemical and pharmaceutical industries helps to protect the products from contamination and degradation, ensuring their safety and efficacy.

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In terms of geography, the industrial pails market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is the largest market for industrial pails, followed by Europe and Asia-Pacific. The growth of the industrial pails market in North America is driven by the increasing demand for high-quality packaging solutions in the food and beverage and chemical industries.

In conclusion, the increasing demand for efficient and cost-effective packaging solutions across various industries, coupled with the growth of the food and beverage, chemical, and pharmaceutical industries, is driving the growth of the industrial pails market. The use of biodegradable and eco-friendly packaging solutions is also expected to drive the growth of the industrial pails market in the coming years.

Key Takeaways:

• Rising demand for spill-proof packaging solutions to boost market prospects.
• Germany will likely account for about 20% of the industrial pails market share in Europe.
• China industrial pails market is anticipated to expand 1.7x its current value.
• By material, the metal-based chemical resistant buckets will witness a surge in demand.
• In terms of end use, the chemicals industry coupled with the oil & lubricants sector will account for 2/5th of the market share.

Competitive Landscape 

Mauser Packaging Solutions, Berry Global Group, CL Smith, Schoeller Allibert Services B.V., Alpla Werke Alwin Lehner GmbH & Co KG, Vestil Manufacturing Corporation, IPL, Inc., P. Wilkinson Containers Ltd., Engel Group, Time Technoplast Ltd., ParekhPlast India Limited, Great Western Containers Inc., M&M Industries, SAPIN K.S.A., and Polyethylene Containers, Inc., among others are some of the major players in the industrial pails market profiled in the full version of the report.

Leading market players are concentrating on developing their product portfolios to cater to consumer demands. These organizations are keen on expanding their capacities and resources to strengthen their market presence.

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Key Players:

• Mauser Packaging Solutions
• Berry Global Group
• CL Smith
• Schoeller Allibert Services B.V.
• Alpla Werke Alwin Lehner GmbH & Co KG
• Vestil Manufacturing Corporation
• IPL, Inc.