The global industrial pails market is on track for consistent growth, with a projected valuation of US$ 12.1 billion by 2032. This translates to a CAGR (Compound Annual Growth Rate) of 4.6% from 2022, driven by a growing need for sustainable and secure bulk packaging solutions.
Market Poised to Reach US$ 12.1 Billion by 2032
The industrial pails market, estimated at US$ 7.8 billion in 2022, is anticipated to expand steadily. With the top three countries holding a significant share of approximately 30-35% by the end of 2022, the market demonstrates a strong global presence.
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4-6 Gallon Segment Takes the Lead
The 4-6 gallon segment is expected to capture roughly 35% of the market share by 2022, highlighting the preference for optimally sized industrial pails for various products. Notably, the industrial pails market represents around 12% of the global industrial packaging market, which stood at US$ 64 billion in 2021.
Sustainability: A Key Driver of Growth
The packaging industry is witnessing a surge in demand for secure and eco-friendly solutions. Industrial pails excel in both aspects, offering safe storage and transportation for a wide range of products, including hazardous chemicals. This focus on sustainability is a key trend propelling the market forward.
Industrial Pails: The Perfect Fit for Bulk Packaging
Industrial pails are a versatile choice for packaging both liquids and granulated/powdered products. Their ability to securely transport large quantities of goods makes them ideal for manufacturers, exporters, and logistics companies seeking to prevent damage and minimize product waste. Spill-proof packaging is another crucial factor driving the demand for industrial pails.
Germany: Poised for Industrial Paint Exports
Germany is predicted to hold approximately 20% of the European industrial pails market share by the end of the forecast period. This growth is attributed to the nation’s thriving paint export industry. According to the Association of the German Coatings and Printing Inks Industry, Germany supplied 352,000 tons of paint valued at €2.1 billion in 2021, catering to various sectors like car repair, mechanical engineering, and furniture.
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China’s Chemical Boom Fuels Industrial Pails Demand
The Chinese industrial pails market is expected to witness significant growth, projected to reach 1.7 times its current value by 2032. This surge is closely linked to China’s rapidly expanding chemical sector, which is driving the demand for industrial packaging solutions like pails. As the leading global producer of chemicals, accounting for around 45% of global sales in 2020 (European Chemical Industry Council), China presents lucrative opportunities for industrial pails manufacturers.
Looking Forward: A Secure and Sustainable Future
The industrial pails market offers a promising outlook, with sustainability and rising exports acting as key growth catalysts. As the demand for safe and efficient bulk packaging solutions continues to climb, industrial pails are well-positioned to maintain their dominance in the market.
Competition Tracking
The report also profiles the companies that are expected to remain active in the expansion of global industrial pails market through 2026, which include
- SCHÜTZ GmbH & Co.,
- Grief Inc.,
- Mauser Group B.V.,
- Orora Packaging Australia Pty Ltd,
- Balmer Lawrie & Co. Ltd,
- Industrial Container Services,
- Delta Containers Direct Limited,
- FDL Packaging Group,
- Fibrestar Drums Ltd and
- Sonoco
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Market segmentation
The global market for industrial pails has been segmented by material type, capacity, end user and by region.
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Material Type
- High Density Polyethylene
- Low Density Polyethylene
- Polypropylene
- Steel
- Aluminium
- Tin
- Other Materials
Capacity
- 1 Gal
- 3 Gal
- 4 Gal
- 6 Gal
- 9 Gal
- 10 Gal
- 12 Gal
End User
- Agriculture
- Chemical
- Pharmaceuticals
- Food & Beverage
- Petrochemical
- Building & Construction
- Plastic & Rubber
- Automotive
- Mining & Metals
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