U.S. High Density Polyethylene Plastic Pails Market Research Report Covers, Future Trends, Past, Present Data And Deep Analysis 2019-2025 | Grand View Research, Inc.

October 15 09:37 2021
U.S. High Density Polyethylene Plastic Pails Market Research Report Covers, Future Trends, Past, Present Data And Deep Analysis 2019-2025 | Grand View Research, Inc.
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According to a new report published by Grand View Research, the surge in construction activities and the high demand for High-Density Polyethylene (HDPE) pails from the paints and coatings industry are among the key factors expected to drive the growth.

The U.S. high density polyethylene plastic pails market size is projected to reach USD 250.3 million by 2025, registering a CAGR of 4.8% over the forecast period, according to a new report by Grand View Research, Inc. Industrial development in U.S. has had favorable impacts on the growth. Ascending demand from the construction industry is one of the key factors bolstering the demand for High Density Polyethylene (HDPE) plastic pails in U.S. The rise in construction spending has had a favorable impact on the industry by augmenting the demand for pails across various industries, including paints and coatings, chemicals and petrochemicals, and adhesives, among others.

Paint packaging is another major industry driving the growth of the HDPE plastic pails. The market is also driven by the increasing popularity of environmentally friendly paints with low Volatile Organic Compounds (VOCs). This trend has led many a prominent player in the paint industry to introduce a new range of paints, thereby necessitating the employment of paint packaging containers, such as HDPE pails. In essence, the demand for HDPE pails is principally driven by increasing construction and industrial spending in U.S.

The polymers industry in U.S. is also expected to have significant impacts on the future growth of the HDPE plastic pails market. With the significant growth in demand for polymers from major industries such as marine, aerospace, industrial equipment, package printing, and concrete, the demand for HDPE plastic pails in polymers, resins, and adhesives segment is expected to expand at a healthy CAGR of 4.2% during the forecast period.

Southeast region accounted for the largest market share in terms of revenue in 2018, driven by various manufacturing trends, most notably in the field of advanced manufacturing in the aerospace and automotive sectors. Local and state governments in Southeast U.S. have been incentivizing manufacturing operations in the region to attract more manufacturing companies to set up their production facilities.

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U.S. High Density Polyethylene Plastic Pails Market Report Highlights

• The small-sized pails product segment accounted for the largest market share of over 78% in terms of revenue in 2018. The growth is supported by the growing demand for portability, portion control, and convenience

• Medium-sized pails are preferred over smaller sizes to accommodate a greater quantity of liquids or other materials, with a majority of its demand arising from industrial and construction applications

• The polymers, resins, and adhesives segment accounted for the largest revenue share of over 33% in 2018, and is expected to continue its dominance over the forecast period

• Increasing demand for HDPE pails in the paints and coatings segment is attributable to the rising export and import of both industrial and architectural products (paints and coatings) in U.S.

• Large totes and drums are being increasingly substituted by HDPE pails (most notably five gallon pails) as they are relatively easier to use and manage

• The significant increase in construction spending in U.S., coupled with the rising demand from paint packaging applications, is expected to have a positive impact on the U.S. HDPE plastic pails market growth over the forecast period

• To offset the competition prevailing in the market, key players have established agreements with end users. This trend is expected to sustain throughout the forecast period given the high number of HDPE plastic pail manufacturers in the country

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U.S. High Density Polyethylene Plastic Pails Market Segmentation

Grand View Research has segmented the U.S. HDPE plastic pails market on the basis of size, end use, and region:

U.S. HDPE Plastic Pails Size Outlook (Revenue, USD Million, 2014 – 2025)                                                        

    • Small                                                 

    • Medium

    • Large      

U.S. HDPE Plastic Pails End Use Outlook (Revenue, USD Million, 2014 – 2025)

    • Paints & Coatings

    • Polymers, Resins & Adhesives

    • Petroleum & Lubricants

    • Others

U.S. HDPE Plastic Pails Regional Outlook (Revenue, USD Million, 2014 – 2025)

    • Southeast

    • Northeast

    • Southwest

    • Midwest    

    • West

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About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

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