Global Pails Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Global Pails Market Growth

By 2030, the size of the construction market worldwide is anticipated to reach around USD 15.2 trillion. It is anticipated that 60% of this growth will come from China, India, the United States, and Indonesia. During this period, the top ten markets for construction are expected to be responsible for around 70% of the sector’s growth, consequently leading to the expansion of pails market size. Pails in the construction sector are essential for the storage and movement of materials such as adhesives, sealants, paints, and chemicals. Their durable design and impact resistance make them ideal for managing heavy-duty materials in demanding environments. In addition, Pails are also cost and operationally effective because they can be used many times without being damaged.

As per the pails market analysis, chemicals affect over 95% of the goods manufactured in the world. In the chemical sector, pails are used in the transport and storage of hazardous and non-hazardous products which include liquids, powders, and granules. With features like secure, tight-sealing lids and ergonomic handling, pails provide an effective solution for managing chemicals in industrial environments. Their leak-proof and chemical resistant design helps to maintain the quality of the products and enhances safety.

Key Trends and Developments

Global Pails Market Trends

With expansion of multiple sectors including construction, food and beverages, chemicals, and pharmaceuticals, the share of pails market has significantly expanded. There are also advancements in the structure of pails, such as better handles, spouts, stackable pails, contributing to the better storage and transportation of the pails. One of the notable pails market trends is the shift from petroleum-based materials to more environmentally friendly options which are generally made of recycled plastic and other bio-compliant materials. The application of pails is also widening in the transport sector due to the developments of hybrid structures which are strong but lightweight.

Global Pails Industry Segmentation

Global Pails Market Share

Based on end use, the market is segmented into paints & coatings, inks, dyes & pigments, petroleum & lubricants, agrochemicals & fertilizers, and food and beverage, among others. The paints and coatings segment are projected to dominate the market, representing a CAGR of 5.6% during the forecast period, leading to the pails market growth. Pails serve an important function in the paints and coatings sector since they ensure safe retention and movement of a large volume.

Leading Companies in the Global Pails Market

Major market players are focusing on the adoption of sustainable production methods to gain competitive edge and improve pails market outlook.

Leaktite Corporation

Founded in the year 1945 in Massachusetts, United States, the company designs and constructs plastic products such as buckets and pails which are mainly used in construction and renovations sector especially known for their durability and adaptability.

Time Technoplast Ltd.

Founded in 1992 and headquartered in Mumbai, India, Time Technoplast Ltd., is a company that manufactures and ...

M&M Industries, Inc.

The company was founded in 1986 is headquartered in Tennessee, United States. M&M Industries, Inc. produces du...

Berry Global Inc.

Established in Indiana, United States in the year 1967, the company manufactures a variety of plastic packagin...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major players in the market are National Can Industries Pty Limited, C.L. Smith Company, Behrens Manufacturing, LLC, FDL Packaging Group Ltd., Kaufman Container Company, and Paragon Manufacturing Inc., among others.