North America Plastic Pails Market Size By Type(Round, and Square), By Application(Industrial chemicals, Paints & Coatings, Construction), By Top Head(Closed Top Head and Open Top Head), By Country And Forecast

North America Plastic Pails Market Size And Forecast

North America Plastic Pails Market size was valued at USD 15,939.84 Million in 2020 and is projected to reach USD 45,401.21 Million by 2028, growing at a CAGR of 13.26% from 2021 to 2028.

The growth of the manufacturing sector and industrial production is one of the major factors driving up demand for plastic pails. The North America Plastic Pails Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Plastic Pails?

are plastic containers with a cylinder shape that are often used for storage and handling. The term “pail” refers to a cylindrical shipping container. It typically has a volume of 3 to 50 litres. Pails often include a handle or bail for holding and slanted or straight sides. It’s the same as pail. Pails have either a closed head with a screw or an open head with removable covers. Steel, aluminium, fibre, paperboard, and plastics are among the materials used to construct them.

Plastic pails are widely utilised in a variety of sectors for shipping and transportation. Plastics have exceptional qualities such as reusability, durability, and cheap cost, which are propelling the Plastic Pails Market forward. The qualities of plastics that make it excellent for storing and transportation chemicals, coatings, paints, and numerous other industrial materials are a major factor driving the growth of plastic pails.

North America Plastic Pails Market Overview

The manufacturing boom is a big reason why we're seeing more folks wanting plastic pails. Things are looking up for the local economy too, thanks to a bigger need for what factories are making, plus better roads and a general rise in living standards.

Over the next ten years, expect the food and beverage industry to be all over plastic pails because they're just so easy to store things in! And because those lids snap on tight, you can be sure whatever's inside will be safe and sound during shipping and storage. Let's not forget, plastic pails are cheap, which is why you're seeing businesses choosing them over those old-school metal pails, tins, and steel drums.

Plastic is a synthetic material that can be easily manufactured and recycled without consuming a lot of resources. Plastics are also nearly indestructible and easily molded, which is why reuse recycling is so important. Plastics are also incredibly light, which means they can be transported without using any additional fuel. As a result, they are less expensive than other pail materials.The adoption rate of Plastic Pails and platforms is being held back by a stringent environmental regulation against use of plastics will be the biggest barrier, which is impeding the market’s growth.

North America Plastic Pails MarketSegmentation Analysis

The North America Plastic Pails Market is segmented on the basis of Type, Application, Top Head, and Country.

North America Plastic Pails Market by Type

• Round
• Square

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So, when we're talking about the different Types of plastic pails, we're mainly looking at round ones versus square ones. Turns out, round plastic pails – those good old buckets – were the real winners in 2020. But don't count out the square ones! They're expected to grow at a pretty solid rate, about 3.52% each year, over the next few years. Round pails, you know, the kind that are made to be super tough and last a long time, often have a handle (though not always!). Plus, you can get all sorts of lids for them, which makes them perfect for storing just about anything. Whether it's something dry, liquid, a chemical, oil, acid or something else that needs special care, these round pails are a great choice. Because of this, it seems like the need for square plastic pails will probably keep growing too.

North America Plastic Pails Market by Application

• Industrial chemicals
• Paints & Coatings
• Construction
• Food and Beverage
• Others

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When we look at how they're used, the North American market for plastic pails breaks down into categories like Industrial Chemicals, Paints & Coatings, Construction, Food and Beverage, and, well, Others. Right now, the industrial sector is the big cheese, gobbling up the largest share of the market in 2020. And get this – it's expected to keep growing at a rate of 4.47% each year (that's by volume) for the foreseeable future. When it comes to hauling around chemicals, plastics are really the safest way to go. They're cheap, tough, and reusable, which is great because they stop leaks and can handle all sorts of stuff. Plus, in the chemical biz, you've got to stash away some pretty nasty chemicals that can react badly if they aren't handled carefully. That's why these plastic pails are built with seriously high-quality plastic. You'll also see these pails all over the place storing and packaging paints and coatings. Most of these plastics are made from High-Density Polyethylene (HDPE) – a material known for its strength and durability. And here's a fun factthose paint pails? They're some of the most commonly recycled pails out there, and they can really take a beating.

North America Plastic Pails Market by Top Head

• Closed Top Head
• Open Top Head

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When we look at the North America Plastic Pails Market, we can break it down by the type of top they haveeither Closed Top Head or Open Top Head. Back in 2020, the Closed Top Head pails were the most popular. However, we're expecting the Open Top Head pails to really take off, growing at a rate of about 3.82% each year in terms of volume. An open top head plastic pail is pretty much what it sounds like - you can take the entire lid off! You can leave it open, or seal it up tight for moving things around. Because you fill them from the top, they're great for storage. Plus, they're tough, resistant to damage, and strong enough to hold heavy stuff, which is why they're in such high demand.

North America Plastic Pails Market by Country

• US
• Canada
• Mexico

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On the basis of Country, the North America Plastic Pails Market is classified in