According to Future Market Insights, the global rain barrels market size is anticipated to cross a valuation of USD 2,158.8 million in 2023. It is expected to attain a valuation of USD 3,829.8 million by 2033. The market is anticipated to thrive at a CAGR of 5.9% from 2023 to 2033.
Recently, people are actively searching for environmentally friendly ways to preserve water and lessen their ecological imprint as environmental awareness rises. Utilizing rain barrels can help you use less freshwater by effectively collecting and storing rainwater for a variety of uses, like watering lawns and plants. Rain barrels are a practical and affordable way to preserve water at a time when water shortage is becoming a huge problem worldwide.
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The growing consciousness of water scarcity boosts market growth as individuals and groups lessen their reliance on municipal water supplies. Similarly, ease the strain on nearby water resources by collecting and using rainwater. Rain barrels are useful for controlling stormwater runoff. By collecting rainfall, they avoid overflowing storm drains, which result in flooding and contaminate nearby water sources.
Large volumes of water are frequently needed by industries for a variety of activities, including cooling, cleaning, and irrigation. The industry may save a lot of money on water bills and lessen the burden on municipal water resources by reducing its dependency on freshwater sources by deploying rainwater collecting systems. Corporate social responsibility and sustainability are becoming more important in many businesses.
By lowering water usage, lessening environmental effects, and showcasing a commitment to sustainable practices, rainwater collection is consistent with these goals. To encourage water conservation and long-term water management in industrial sectors, certain areas have enacted rules or standards. Industries comply with these legal requirements and avert penalties or fines by using rain barrels and other rainwater-gathering devices.
Rainwater harvesting may be used by businesses in drought-prone or water-scarce locations to ensure water supply during dry spells. When freshwater supplies are scarce, industrial operations can rely on a backup water source by collecting and storing rainwater.
Rainwater collected in barrels is capable of being utilized in industrial facilities for non-potable uses including irrigation, equipment cleaning, or dust management. Industries can continue functioning while minimizing the demand for freshwater resources by using rainwater for these uses.
“Global warming and changing climatic condition is increasing the need for rain water preservation, which is accelerating the sales of rain barrels,” remarks the Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Key Takeaways from Rain Barrels Market:
- The global rain barrels industry size developed at a modest CAGR of 5% from 2018 to 2022.
- In 2018, the global market size stood at USD 1,674.4 million.
- The global market sales accounted for USD 2,038.5 million in 2022.
- In 2022, the plastic segment captured 66.2% of market shares.
- In 2022, the 75 to 125 gallons segment captured 30.5% of market shares.
- In 2022, Europe held 24.1% shares in the global market.
- In 2022, The United States captured 17.5% shares in the global market.
- Germany captured 7.0% market shares in 2022.
- In 2022, the United Kingdom held 3.0% shares in the global market.
- In 2022, India captured 7.3% shares in the global market.
Competitive Landscape
Rain barrel manufacturers monitor material advances and technology advancements in order to give clients with better and more cutting-edge rain barrels. ICT and machine learning have opened up new possibilities for smart rain barrels.
Several models are being researched, attempted, and tested to improve the existing product. Rain barrels are being outfitted with technologies such as automatic beep sensors and automated lids to increase their efficiency.
Key Players in the Global Market
- ORBIS Corporation
- Capi Europe B.V.
- GRAF GMBH
- Koolatron Corporation
- ROTO Group UK
- WISY AG
- The Barrel Makers
- Kingfisher Direct Ltd.
- Etills Limited
- Oaklands Group Ltd.
- Good Ideas Inc.
- Algreen Products Inc.
- Bosmere Products Inc.
- Emsco Group
Rain Barrels Market Segmentation
By Capacity Type:
- 25 to 75 gallons
- 75 to 125 gallons
- 125 to 175 gallons
- Above 175 gallons
By Material Type:
- Metal
- Plastic
- Wood
- Concrete & Clay
By Head Type:
- Open Head
- Tight Head
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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