Global Industrial Pail Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|全球工業桶市場：2021-2028 Global Industrial Pail Market - 2021-2028|
|出版日期: 2021年08月20日||內容資訊: 英文 180 Pages||
Industrial Pail Market Overview
A pail is essentially a cylindrical container utilized in various industrial packaging applications for transportation or shipping purposes. These containers have either straight sides or slanted sides with bail or handle and lids. Moreover, industrial pails come in different sizes depending upon the amount of material they carry. Also, various materials are used to manufacture industrial pails basis the nature of goods they transport and the industry they use.
For instance, a chemical processing firm would use plastic pails or even steel pails depending upon the nature of the chemical to be transported or shipped. Industrial pails are generally used to ship liquid or semi-liquid industrial products. In addition, manufacturers are focusing on cost-effective and efficient packaging solutions to overcome challenges associated with spillage and damage.
The global industrial pail market is estimated to reach US$ XX million by 2028 from the recorded market size of worth US$ XX million in 2020, growing at a CAGR of XX% during the forecast period (2021-2028).
Industrial Pail Market Dynamics
The increasing inclination of consumers towards cost-effective & lightweight, durable packaging is triggering the demand for industrial pail in recent times. Growing demand for colorful decorative coating creates a strong opportunity for the industrial pail market growth.
Growing medicine transportation to boost the industrial pail demand
The growth of the chemical and pharmaceutical sectors is a significant driving factor for the industrial pails market. Pharmaceutical and chemical companies demand cost-effective and lightweight yet durable packaging solutions for their bulk liquid packaging requirements. According to DSV, the global pharmaceutical services have doubled, if not more, over the last ten years. At the end of 2016, sales value was projected to have risen to almost USD 11.48 billion globally. Markets in the global sphere for pharmaceutical products are skyrocketing, and pharmaceutical logistics deal with all the problems and solutions that go into the sometimes complicated process of pharmaceuticals transportation. Moreover, the trucking industry transported roughly 14.89 billion tons of cargo in 2013 alone and is expected to hit 18.78 billion tons of cargo by 2040. Pharmaceuticals and medications are significant contributors to these numbers.
Growing demand of industrial pail from chemical industry
Increasing demand for the chemical industry across the globe is also driving the demand for industrial pails globally. The paint and coatings industry is a significant subset of the international chemical industry. Paints are a subset of coatings used as protective, decorative, colorful, or both. By 2028, the industry is anticipated to be valued at some USD 231.89 billion globally. It is mainly driven by rising demand in the automotive, construction industry, general industrial, coil, wood, aerospace, railing, and packaging coatings markets, driving demand growth. In addition, growing use in pharmaceutical, construction, and food & beverages is opening new avenues for the global industrial pails market.
Fluctuating and high prices of raw materials are expected to hinder the market growth
Fluctuating and high prices of raw materials such as glass and metal required to manufacture industrial pails are a significant factor that hinders the growth of the industrial pails market. Moreover, high regular maintenance costs & high initial investments of industrial pails and strict norms on the use and recycling of plastic industrial pails forced by governments are expected to hamper the market growth during the forecast period.
Industrial Pail Market Segment Analysis
By material, the market is segmented into metal, plastic, paperboards, polypropylene, steel, aluminum, tin and others.
HDPE is the most broadly used type of plastic. It's used to make many types of containers and bottles. Unpigmented bottles are translucent, have excellent barrier properties & stiffness, and are well fitted to packaging products with a short-term shelf life, such as milk. Because HDPE has excellent chemical resistance, it is utilized for packaging many household and industrial chemicals such as bleach and detergents. Pigmented HDPE bottles have sufficient stress crack resistance than unpigmented HDPE. In addition, HDPE offers significant properties such as excellent resistance to most solvents, higher tensile strength than other forms of polyethylene and relatively stiff material with functional temperature capabilities.
Furthermore, LDPE is used predominately in film applications due to its flexibility, toughness and relative transparency, making it familiar for applications where heat sealing is essential. LDPE is also used to manufacture some bottles & flexible lids and wire & cable applications. In addition, it offers significant properties such as excellent resistance to acids, bases & vegetable oils, toughness, flexibility & relative transparency, which is a good combination of properties for packaging applications requiring heat-sealing. Moreover, PP has good chemical resistance, is strong, and has a high melting point making it suitable for hot-fill liquids. This resin is flexible and rigid packaging, fibers, and large molded parts for automotive and consumer products. In addition, it offers significant properties such as excellent optical clarity in biaxially oriented films & stretches blow-molded containers, low moisture vapor transmission and inertness toward acids, alkalis, & most solvents.
Industrial Pail Market Geographical Analysis
The industrial pail market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography. The demand for industrial pail in Europe market is expected to remain at the dominant position in sales and value generation due to the growing volume of trade and e-commerce in countries such as the U.S.
Europe is observing a significant growth during the forecast period
In terms of market share, Europe is expected to dominate the global market during the forecast period due to the government's rising number of favorable initiatives and rising technological advancement. Moreover, in terms of growth rate, APAC is expected to lead the global market during the forecast period due to expanding manufacturing sector in the region. In addition, numerous manufacturers are shifting their manufacturing units to developing economies in APAC, such as China and India. Additionally, the increasing demand for paints & coating is also expected to boost the market size for industrial pail in this region. The APAC constitutes the most significant global paint and coatings market, with the market value amounting to a predicted USD 76.89 billion in 2019. The region's commanding share of the market is anticipated to expand further, driven by India's and China continued population growth & urbanization.
Furthermore, North America is anticipated to expand significantly to become the third-largest market for industrial pails globally during the forecast period due to increasing demand for industrial pails in the pharmaceutical sector. The Middle East & Africa is witnessing a shift of their core, oil-focused business to plastic, chemical, pharmaceutical, and construction industries. It is expected to drive the demand for industrial pails in the region during the forecast period.
Industrial Pail Market Competitive Landscape
The industrial pail market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Mauser Group B.V., Innopack Suzhou Co., Ltd., SCHUTZ GmbH & Co., Grief Inc., Orora Packaging Australia Pty Ltd, Balmer Lawrie & Co. Ltd, Delta Containers Direct Limited, FDL Packaging Group, Fibrestar Drums Ltd., Sonoco are the major player in the packaging market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the industrial pail market globally.
Mauser Group B.V.
Overview: The company is formed by Mauser Group, BWAY, NCG and ICS, brings unique packaging innovation & performance to redefine sustainability for consumers. From innovative packaging made from recycled content to reuse, recycling, reconditioning and professional disposal, the company offers customized solutions that emphatically impact businesses and the planet, bringing true sustainability at a system to companies worldwide.
In addition, the company has over 300 years of merged experience, over 1,000 global patents, more than 180 sites globally, and over 11,000 employees committed to assisting companies to operate more effectively & sustainably.
Mauser packaging resolutions open- and closed-head steel pails provide reliable performance in any environment. In addition, the company manufactures steel pails for several significant applications such as chemicals, lubricants, coatings, solvents, adhesives, fuels, etc. Moreover, as the market growing manufacturer, the company offers 1-gallon to 7-gallon sizes and a broad range of gauges, linings, fittings and exterior coatings. Epoxy-phenolic, phenolic and rust-inhibitor linings are available to assure product integrity, chosen from UN- and non-UN-rated pails, depending on your application
Furthermore, open-head pails are available in a tapered or straight-sided body design. Tight-head pails are available in straight-sided body composition and showcase a non-removable top, ideal for products that require a higher UN rating. The complete decoration is available on bodies and covers for enhanced brand recognition. In addition, as another benefit, steel pails include a minimum of 25% recycled content and are 100% recyclable
Mauser Packaging Solution is a true trailblazer in the plastic pail category and is the North American market growing manufacturer. In addition, the company innovations, including gasketless Tri-Seal covers, source-reducing Diamond Weave technology, recycled-material-incorporating Twinshot technology and rectangular EZ-Stor pails, offer a wide array of options. Moreover, whether the consumer needs durable, versatile plastic buckets that perform in the harshest environments or meet Food and Drug Administration demands for food contact, the company's plastic pails can be custom-tailored to user-specific industries and applications. In addition, the user can choose from various fittings, colors, covers, wall thicknesses and UN ratings to meet their requirement. Full decorating abilities are available to assist products to stand out on the floor in the plant or the store shelf. The company design and engineering teams can partner with consumers to search for new packaging solutions that boost time to market, maximize shelf space and decrease user shipping costs
Furthermore, this product is used by various significant industries, including chemicals, food & beverage, building products, consumer goods, petrochemicals and lubricants. In addition, the company pails are 100% recyclable, and choices are available that incorporate up to 100% recycled resin
The global industrial pail market report would provide an access to an approx. 69 market data table, 80 figures and 180 pages.
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