Brand Story
21 Nov 2022, 15:45 GMT+10
The global plastic pails market is estimated at US$ 1,223.6 Mn in 2022 and is projected to reach US$ 1,743.1 Mn by 2030, at a CAGR of 4.5% from 2022 to 2030.
The study conducted by Future Market Insights estimates that the PE and PP material type segments of plastic pails market are estimated to cumulatively account for around 72% of market share in 2022 and the market valuation of these segments is projected to expand at a CAGR of 4.3% and 4.9% respectively during the forecast period 2022-30.
The East Asia region is expected to drive the plastic pails market and is estimated to hold a significant market share of around 36% in 2022.
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Global Plastic Pails Market- Competitive Landscape
The global plastic pails market is fragmented, characterized by the prevalence of several small-care manufactures. The tier III players account for nearly 4/5th of the overall market share.
are some prominent players. To survive in the highly competitive market, vendors are relying on mergers and acquisitions which enhances their core competencies.
Expansion of product portfolios, collaborations with various players and agencies as well as product innovations also constitute important growth strategies. For instance, M&M Industries Ltd manufactures the Superkube K1 and K2 pails. The former is a Life Latch UN solids group II and III usage certified while the latter is lightweight for general use.
"Growth of the global plastic pails market is expected to remain steady across the forecast period, owing to increased production of recycled pails. However, reducing oil prices worldwide are inducing a southward trend in the value of plastics, making companies question the feasibility of recycling. As a consequence, the commitment to sustainability is not being met, impeding growth prospects," infers a prominent FMI analyst.
Global Plastic Pails Market- Key Trends
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Global Plastic Pails Market- Region-wise Analysis
Plastic Pails Market by Category
By Product Type:
By Material Type:
By Capacity:
By End Use:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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T: +1-845-579-5705
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The post Between 2022 and 2030, the Plastic Pails Market will grow at a 4.5% CAGR | Future Market Insights, Inc. appeared first on Future Market Insights.
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