Industrial Pails Market Overview:
The purpose of this study is to provide an in-depth analysis of the Industrial Pails market by segments, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Industrial Pails industry. The study also provides a thorough examination of the market’s value chain.
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Global Industrial Pails Market is anticipated to reach US$ 9.82 Bn by 2027 from US$ 7.12 Bn in 2020 at a CAGR of 4.7% during a forecast period.
Market Scope:
The research method used to assess and forecast the Industrial Pails market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Industrial Pails market.
Drivers:
The massive expansion of the industrial pail market is primarily being driven by the expanding chemical and pharmaceutical sectors. Industrial pails are likely to see increased demand as a result of these industries’ growing need for lightweight, affordable packaging solutions. It is anticipated that the growing use of industrial pails for handling bulk liquids will open up new opportunities for manufacturers of industrial pails. The increasing demand for coatings, paints, and adhesives as a result of rising global demand is another factor that will soon affect demand for industrial pails. Construction, mining, and the food and beverage industries are some other industries that have used industrial pails.
Segmentation:
The high-density polyethylene material type segment is anticipated to reach US$ 950 Mn in value by 2026. By the end of 2019 and by gaining market share by the end of 2026, it is anticipated that the high-density polyethylene material type segment will account for more than ten percent of the revenue share of the material type segments.
The market value of high-density polyethylene is maintained by its attributes, which include exceptional toughness, cut and wear resistance, as well as very good chemical resistance. Additionally, there are stackable HDPE pails with a recessed lip that are easy to handle on the market. Additionally, producers offer FDA- and USDA-compliant pails that meet USDA standards.
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Key Players: the key players are:
• Mauser Group B.V
• Delta Containers Direct Limited
• Fibrestar Drums Ltd
• Industrial Container Service
• Orora Packaging Australia Pty Ltd
• SCHÜTZ GmbH & Co
• Grief Inc
• Balmer Lawrie & Co. Ltd
• FDL Packaging Group
• Sonoco
• TriMas Corp
• Reliance Products LTD and Bucket Innovations
• BMB SpA
• Leaktite Corporation
• E. Hofmann Plastics Inc
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Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
COVID-19 Impact Analysis on Industrial Pails Market: The detailed review of COVID-19 impact on the Industrial Pails market based on import, suppliers, ket players have also been included in the Industrial Pails market report.
Key Questions Answered in the Industrial Pails Market Report are:
- Which segment had the largest share in the Industrial Pails market?
- How is the competitive landscape of the Industrial Pails market?
- Which are the key factors impacting the Industrial Pails market growth?
- Which region has the maximum share in the Industrial Pails market?
- What will be the CAGR of the Industrial Pails market during the forecast period (2021-2027)?
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