What is Global Plastic Bucket Market?
The Global Plastic Bucket Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the plastic bucket industry worldwide. This market involves the production and distribution of plastic buckets, which are widely used in various sectors due to their durability, lightweight, and cost-effectiveness. The market's value was estimated at US$ 6300.1 million in 2022, and it is projected to reach US$ 8093.7 million by 2029. This indicates a steady Compound Annual Growth Rate (CAGR) of 3.6% from 2023 to 2029.
HDPE, PP in the Global Plastic Bucket Market:
The plastic bucket market is dominated by High-Density Polyethylene (HDPE) and Polypropylene (PP) buckets. HDPE buckets are known for their high strength-to-density ratio, making them resistant to impact, weather, chemicals, and UV radiation. They account for the largest proportion of the market, with a share of 54%. On the other hand, PP buckets are appreciated for their flexibility, resistance to high temperatures, and chemical inertness. BWAY, a leading manufacturer in the plastic bucket industry, holds a significant share of the global market, with its revenue exceeding 11.84%.
Food and Beverage, Construction, Chemical Industries, Household, Other in the Global Plastic Bucket Market:
Plastic buckets find extensive usage in various sectors such as Food and Beverage, Construction, Chemical Industries, Household, and others. In the Food and Beverage industry, they are used for packaging and transporting various products, including dairy products, sauces, and beverages. In the Construction sector, they are used for mixing and carrying materials like cement, paint, and plaster. Chemical Industries use plastic buckets for storing and transporting chemicals due to their resistance to chemical reactions. In households, plastic buckets are used for various purposes, including cleaning, gardening, and storage. Other uses of plastic buckets include fishing, farming, and waste management.
Global Plastic Bucket Market Outlook:
The market outlook for the Global Plastic Bucket Market is promising. Europe holds the largest share in the global plastic pails (plastic bucket) products sales market, with its revenue exceeding 30% of the global market. This dominance can be attributed to the extensive use of plastic buckets in various industries, including food and beverage, construction, and chemical industries, among others in the region. The steady growth rate of 3.6% CAGR from 2023 to 2029 indicates a positive trend for the market in the coming years.
| Report Metric | Details |
| Report Name | Plastic Bucket Market |
| Accounted market size in 2023 | US$ 6546.2 million |
| Forecasted market size in 2029 | US$ 8093.7 million |
| CAGR | 3.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | BWAY, RPC, Jokey Group, Greif, BERRY PLASTIC, Pro-design Group, M&M Industries, Encore Plastics, Industrial Container Services, Hitech Group, Ruijie Plastics, Priority Plastics, Pro-western, Paragon Manufacturing, Hofmann Plastics, CL Smith, Xingguang Industrial, Leaktite, NCI Packaging, Parekhplast, Qianyuan Plastic, Zhonglianbang |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
