Five Gallon Plastic Pails Market Business Development, by Report To 2030

 

In a recent research report by Market Research Community, the Five Gallon Plastic Pails market is expected to surpass USD 496.22 Million by the year 2030, from USD 303.10 Million in 2021.

Five-gallon plastic pails Market are cylindrical containers typically used for storage, transportation, and dispensing of liquids, solids, and other products. They are made of plastic, often high-density polyethylene (HDPE), and have a capacity of five gallons (18.9 liters). They are commonly used in industries such as chemical, paint, food, and cosmetic, among others, and are known for their durability, light weight, and ease of handling. They typically feature a handle for easy carrying and a screw-on or snap-on lid to seal the contents.

Five-gallon plastic pails are used to store and transport a variety of products such as paint, cement, sand, and concrete. The spike in the trend of strengthening city infrastructure is one of the primary causes supporting the expansion of the construction sector, which in turn fuels demand for five-gallon plastic pails.

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The study is consolidated into major segments and further into sub-segments, such

By Type

·         Food Grade

·         Industrial Grade

By Application

·         Food and Beverage

·         Chemical

·         Construction

The regional segment includes North America, Europe, Asia Pacific, the Middle East, and Africa, Latin America. The Asia Pacific region accounted for the largest Five Gallon Plastic Pails market share with a revenue of USD 110.81 million in 2021 and is also expected to grow with the highest CAGR of 5.9% for the forecast period of 2022-28. Presence of a large number of emerging economies comprising of key manufacturers of chemicals, food & beverage, and petrochemicals is one of the key factors driving the growth of the five-gallon plastic pails market in the Asia Pacific region. Furthermore, the surge in the trend towards urbanization owing to the rising population in the region is another factor that is anticipated to positively impact the growth of the five-gallon plastic pails market across the Asia Pacific region.

Global Five Gallon Plastic Pails market by Region (%), 2021

Lastly, the report includes a regional analysis and country analysis with the latest Five Gallon Plastic Pails Market Trends, along with the major key players including Mauser Packaging Solution, Time Technoplast Ltd., Berry Global Group, Inc, Hitech Group, Nci Packaging, Jokey Se And Leaktite Corporation

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