Paint buckets are widely used for storing a large quantity of paints and coatings. These buckets are also called as pails. Paint buckets are airtight containers that help to reduce spoilage and contamination of the inside products. Paint buckets are easy to use solutions for many end-users.
The paint buckets are available in two forms such as plastic paint buckets and metal paint buckets. These buckets are available in various sizes and colors in order to meet customer’s requirements. The market of paint buckets is dynamic and perfect competition is witnessed in different regions.
Hence manufacturers are focused on the implementation of advanced technologies and cost-effective manufacturing of paint buckets. The paint buckets are manufactured with eco-friendly materials. Owing to increasing projects on structural developments, the demand for paint buckets is expected to expand with substantial growth rate, during the forecast period.
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Paint Buckets Market: Dynamics
Leakage proof packaging of the chemicals and pain material is the fueling factor for driving the paint bucket market across different regions. Besides this, lightweight transportation which results in low transportation costs is also responsible for boosting the paint buckets market. The global industrial packaging market is expected to increase with a high growth rate during the forecast period.
This can be attributed to significant growth in the paint buckets market in the next decade. The paint buckets market is growing in multiples on the backdrop of increasing architectural and infrastructural development in many countries. Robust industrialization, urbanization, and rising consumption of paints and coating are anticipated to propel new growth opportunities of paint buckets during the forecast period.
Despite the positive outlook, some factors might hamper the growth of global paint buckets market. Changing plastic regulations and the degradation of waste paint buckets are adding more challenges for the growth of the paint buckets market.
Paint Buckets Market: Regional Overview
Geographically, the production and consumption analysis of the global paint bucket market is divided into seven regions such as North America, South America, Europe, East and South Asia, Oceania, and the Middle East and Africa. East Asia region is expected to pose a high potential for the growth of the paint buckets market as relatively high infrastructure development is anticipated during the forecast period.
This will result in to increase in demand for paint buckets in these regions. Following this, lucrative opportunities are witnessed for the paint bucket market in the South Asia region. In Asian countries such as Malaysia, Indonesia, Singapore are expected to develop new architectural projects for tourism.
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Paint Buckets Market: Key Players
Some of the key market players operating in the global paint buckets market are listed below:
- RPC Group Plc
- Mauser Packaging Solutions
- Industrial Container Services
- C.L. Smith
- Symlux Plastics
- Affordable Buckets LLC
- Encore Plastics Corporation
- Leaktite Corporation
- RPC Letica Corporation
- FDL Packaging Group Ltd.
Apart from this many new players are entering in to the Paint Buckets Market for significant revenue generation.The paint buckets market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.
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