Global Plastic Bucket
Market Report
2024
Plastic Bucket Market will be USD 6152.20 million in 2024 and expand at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the worldwide Plastic Bucket market will be USD 6152.20 million in 2024 and expand at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Plastic Bucket Market Sales Revenue 2024 | $ 6152.2 Million |
Global Plastic Bucket Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.8% |
North America Plastic Bucket Market Sales Revenue 2024 | $ 2460.88 Million |
North America Plastic Bucket Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
Europe Plastic Bucket Market Sales Revenue 2024 | $ 1845.66 Million |
Europe Plastic Bucket Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
Asia Pacific Plastic Bucket Market Sales Revenue 2024 | $ 1415.01 Billion |
Asia Pacific Plastic Bucket Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.8% |
South America Plastic Bucket Market Sales Revenue 2024 | $ 307.61 Million |
South America Plastic Bucket Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Middle East and Africa Plastic Bucket Market Sales Revenue 2024 | $ 123.04 Million |
Middle East and Africa Plastic Bucket Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Market Split by Material Type |
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Market Split by Product Capacity |
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Market Split by Product Type |
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Market Split by Type |
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Market Split by End-Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Plastic Bucket Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
One of the most essential home goods in the world is plastic buckets. They have been used for decades in a number of ways, including bathing and upscale packaging. Over the past 20 years, the market environment has drastically altered because of the shift in raw materials from metal to plastic buckets. Plastic buckets are less expensive and come in a lower weight. Their main components include a range of plastic polymers, including PP, PET, and HDPE, for various end uses in the food, home, chemical, and other sectors. In the paint and coatings sector, plastic buckets are also used for bulk or retail transportation and materials storage. Additionally, they are frequently utilized in emerging markets to package paint and coating materials.
Furthermore, because plastic buckets are extremely strong and long-lasting and can store heavy items for an extended period of time, they are frequently used to carry paint and coating supplies in both developed and developing nations. Moreover, there currently needs to be feasible alternatives in the Market for the storage and delivery of products like Paint and coatings in the retail format.
In December 2022, Novvia Group, a global distributor of rigid containers and life sciences packaging, purchased Rahway Steel.
(Source: https://novviagroup.com/press-release/novvia-group-acquires-rahway-steel-drum-company/)
The emergence of customized goods has led to significant growth in the plastic bucket industry in recent times. Plastic bucket producers are seeking ways to enhance their existing range of products in order to gain a competitive advantage and increase their market share. Buckets are expected to become more and more necessary as the world's home population rises quickly. With this one product, paints and coatings are packaged for retail markets as well. With the growth of the paint and coatings sector, bucket demand is expected to rise. There are several benefits to using buckets for processing, shipping, and moving commodities. These elements should accelerate the expansion of the plastic bucket industry.
Rigid containers often have rigid forms and shapes. Rigid plastic containers are growing more and more common in the food and beverage sectors because of their durability and lightweight. Food with these qualities is safe to eat, has a longer shelf life, and is protected from light, moisture, and chemicals. It is also a helpful wrapping paper for carrying and storing food products and drinks due to its lightweight nature. The food and beverage sectors will require more rigid containers as a result of changing customer lifestyles and purchase behaviors. The fast development of the food and drink industry is driving up demand for the product.
The environmental impact of plastic in its degraded state is also anticipated to impede market growth. Plastic has a longer half-life and hence affects the ecosystem over time. The breakdown of this plastic takes a while; it involves shipping, selling, melting, resolving, and then shipping once again. Furthermore, compounds like phthalates, bisphenol-A, and polystyrene that are included in ordinary plastics produce hazardous waste for industry and the environment. Because plastic breaks down toxically, the government has limited how much of it may be used.
The COVID-19 pandemic has had an unprecedented and overwhelming worldwide impact. Demand for plastic buckets has exceeded expectations in every area when compared to pre-pandemic levels. When the pandemic ends, demand will likely recover to pre-pandemic levels, which explains the abrupt jump in CAGR.
The pandemic has had an impact on every sector's growth. The nations proclaimed an urgent health emergency to stop the sickness from spreading, which was critical. During the epidemic, manufacturing and transportation were shut down. Due to labor shortages and supply chain disruptions, the shutdown reduced the manufacturers' capacity for output. The COVID-19 pandemic hindered the expansion of the plastic bucket sector. The supply and demand curves for consumer items and sophisticated materials declined. The increasing cost of raw materials led to a rise in the price of the product.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Market players are also undertaking organic or inorganic strategic approaches to strengthen and expand their worldwide footprint, with significant market developments including new material portfolios, mergers and acquisition deals, capex, investments, and strategic partnerships with other companies. Corporations are also coming up with marketing ideas such as digital acquisitions, social media influencing, and content creation to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.
In December 2022, Novvia Group, a global distributor of rigid containers and life sciences packaging, purchased Rahway Steel.
(Source: https://novviagroup.com/press-release/novvia-group-acquires-rahway-steel-drum-company/)
Drum Company is a distributor of drummers, pails, IBCs, and various other rigid packaging products located in New Jersey.
Recently, Albis Plastic Corp. celebrated the groundbreaking of its new compounding factory in Duncan, South Carolina. The site will produce prime engineering compounds marketed under the brands Altech and Alcom.
(Source. https://www.plasticstoday.com/materials/albis-plastics-breaks-ground-on-u-s-compounding-plant)
Top Companies Market Share in Plastic Bucket Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the Market in 2024 and accounted for around 40% of the worldwide revenue. The growing food and pharmaceutical industries in North America are expected to propel the Region to the top of the plastic bucket market share rankings. The food and pharmaceutical sectors use these buckets to keep their goods.
The Asia Pacific region will be a fast-growing region during the projected timeframe. Because of the increased production and consumption of plastic buckets, Asia Pacific is expected to have substantial expansion in the worldwide Market. The existence of developing nations encourages more building, which eventually raises consumer demand for goods. Because of the notable increase in the number of homes and the consumption of food, chemicals, and paint and coating goods, there is an increasing need for plastic buckets.
The current report Scope analyzes Plastic Bucket Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the worldwide Plastic Bucket market size was estimated at USD 6152.20 Million, out of which North America held the major Market of more than 40% of the worldwide revenue with a market size of USD 2460.88 million in 2024 and will expand at a CAGR, commonly known as compounded annual growth rate of 5.3% from 2024 to 2031. The growing food and pharmaceutical industries in North America are expected to propel the Region to the top of the plastic bucket market share rankings. The food and pharmaceutical sectors use these buckets to keep their goods. According to Cognitive Market Research, Plastic held the major market share over the forecasted timeframe. Here are various reasons why plastic buckets are so popular: they are strong, resistant to corrosion, and chemically resistant. In conclusion, the North American Plastic Bucket market thrives due to the growing food and pharmaceutical industries.
Country Analysis
According to Cognitive Market Research, with a market value of USD 6152.20 million in 2024, it is projected to expand at a growth rate (CAGR) of 5.3% from 2024 to 2031. Europe accounts for over 30% of the worldwide USD 1845.66 million market size due to the current need for feasible alternatives in the Market for the storage and delivery of products like Paint and coatings in the retail format. Metal is the fastest-growing category over the forecasted time frame. Because metal is often more resistant to wear and abrasion, metal buckets are more economical. Since plastic buckets cannot withstand high temperatures, they are frequently the sole option for applications requiring high temperatures. In conclusion, the European Plastic Bucket market thrives because of the strong demand for electric automobiles.
According to Cognitive Market Research, the worldwide Plastic Bucket market size was estimated at USD 6152.20 Million, out of which Asia Pacific held the Market of around 23% of the worldwide revenue with a market value of USD 1415.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. The Asia Pacific region will be a fast-growing region during the projected timeframe. Because of the increased production and consumption of plastic buckets, Asia Pacific is expected to have substantial expansion in the worldwide Market. The existence of developing nations encourages more building, which eventually raises consumer demand for goods. Because of the notable increase in the number of homes and the consumption of food, chemicals, and paint and coating goods, there is an increasing need for plastic buckets. According to cognitive market research, cylindrical plastic buckets hold a prominent market share, and the absence of sides and angles in cylindrical packing is one of its advantages. Because of this, dirt cannot become trapped in any of these corners, within the container or outside its boundary. The APAC market is driven by manufacturing facilities and increasing per capita income.
According to Cognitive Market Research, the worldwide Plastic Bucket market size was estimated at USD 6152.20 Million, out of which the Latin America market has more than 5% of the worldwide revenue with a market value of USD 307.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. It is anticipated that rising urbanization and shifting consumer preferences for personalized plastic buckets in emerging nations will lead to strong demand for these goods in the international market. Rectangular Plastic Buckets are the fastest-growing category over the forecasted timeframe. Better grip is provided by flat surfaces, which facilitates holding and carrying. Unlike cylindrical containers, rectangular-shaped containers let the user distribute pressure equally on all sides of the object. In conclusion, the Latin American Plastic Bucket market exhibits steady growth due to rising industrial and building spending.
According to Cognitive Market Research, the worldwide Plastic Bucket market size was estimated at USD 6152.20 Million, out of which the Middle East and Africa held the major Market of around 2% of the worldwide revenue with a market size of USD 123.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Global market expansion is being favorably impacted by rising R&D expenditure. Throughout the forecast period, innovative packaging requests from consumers are anticipated to propel the paint bucket market's global expansion. Paint buckets come in a variety of varieties and are anticipated to be the mainstay of the business. According to Cognitive Market Research, Paint & Coatings hold a prominent market share as Paint is most commonly packaged in paint buckets. Paint buckets benefit greatly from packaging that considers the practicality, portability, and storage aspects in addition to the product's outward look. In conclusion, the MEA market exhibits growth potential and is being favorably impacted by rising R&D expenditure.
Global Plastic Bucket Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Plastic Bucket Industry growth. Plastic Bucket market has been segmented with the help of its Material Type , Product Capacity Product Type, and others. Plastic Bucket market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Plastic held the major market share over the forecasted timeframe. There are various reasons why plastic buckets are so popular: they are strong and chemically resistant to corrosion. Comparable buckets made of metal or wood cost more money than those made of plastic.
Many buckets are composed of high-density polyethylene (HDPE). Whether in storage or travel, HDPE is a resilient, non-reactive thermoplastic that can withstand harsh weather conditions. Raw HDPE resin, often referred to as stock at the start of the molding process, is put into a hopper during the blow molding process.
Metal is the fastest-growing category over the forecasted time frame. Because metal is often more resistant to wear and abrasion, metal buckets are more economical. Since plastic buckets cannot withstand high temperatures, they are frequently the sole option for applications requiring high temperatures. Although metal buckets are more costly than regular steel buckets, they have additional benefits, such as improved non-stick properties, increased wear resistance, suitability for applications involving food quality, and the ability to withstand continuous temperatures of up to 250C.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Plastic Bucket Industry. Request a Free Sample PDF!
According to Cognitive Market Research, buckets between 10 and 15 Litres hold a prominent market share. The most common size is between 10 and 15 liters, particularly in poor countries where people like to use medium-sized buckets.
More than 15 Liters is the fastest-growing category over the forecasted timeframe due to growing strict governmental regulation and environmental awareness firms are adopting to minimize plastic buckets count by maximizing its utility and capacity.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, Cylindrical Plastic Buckets hold a prominent market share. One advantage of cylindrical packing is the absence of sides and angles. Because of this, dirt cannot become trapped in any of these corners, within the container or outside its boundary.
Rectangular Plastic Buckets are the fastest-growing category over the forecasted timeframe. Flat surfaces provide better grip, which facilitates holding and carrying. Unlike cylindrical containers, rectangular-shaped containers let the user distribute pressure equally on all sides of the object.
According to Cognitive Market Research, buckets With Lids hold a prominent market share. These adaptable storage options are great for keeping your belongings secure because they provide several advantages. Buckets with lids offer several benefits, chief among them being weather resistance.
Without Lid is the fastest-growing category over the forecasted timeframe. The industry is well-versed in superior quality, exceptional strength, and exquisite finish.
According to Cognitive Market Research, Paint & Coatings hold a prominent market share as Paint is most commonly packaged in paint buckets. Paint buckets benefit greatly from packaging that considers the practicality, portability, and storage aspects in addition to the product's outward look. As a result, plastic is still a highly sought-after material for making paint buckets.
Chemicals & Fertilizers is the fastest-growing category over the forecasted timeframe. Because there is an increasing need to maximize productivity and yield using conventional agricultural techniques, the Market for chemical fertilizers is expected to develop. The great need for affordable, sustainable farming methods has driven the necessity for chemical fertilizers in the agricultural industry. Water and oxygen do not react with plastics. They rust slowly. They are used to hold a variety of materials, including several chemicals, for this reason
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Material Type | Metal , Plastic , Polyethylene Terephthalate (PET) , Polypropylene (PP) , High-density Polyethylene (HDPE) , Poly Vinyl Chloride (PVC) , Others |
Product Capacity | Up to 5 Liters , 5 Liters to 10 Liters , 10 Liters to 15 Liters , More than 15 Liters |
Product Type | Rectangular Plastic Buckets , Cylindrical Plastic Buckets , Other Specialty Plastic Buckets |
Type | With Lid , Without Lid |
End-Use | Food , Home Care , Paint & Coatings , Oil & Lubricants , Chemicals & Fertilizers , Industrial , Others |
List of Competitors | BWAY Corporation, Mauser Group, RPC Group, Hitech Group, H&O Plastics, U.S. Plastics Corporation, M&M Industries, Others |
This chapter will help you gain GLOBAL Market Analysis of Plastic Bucket. Further deep in this chapter, you will be able to review Global Plastic Bucket Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Plastic Bucket Market Trends North America Plastic Bucket Technological Road Map North America Plastic Bucket Market Drivers North America Plastic Bucket Market Restraints North America Plastic Bucket Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Material Type Analysis 2019 -2031, will provide market size split by Material Type . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Material Type Analysis 2019 -2031
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Chapter 11 Market Split by Product Capacity Analysis 2019 -2031
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Chapter 12 Market Split by Product Type Analysis 2019 -2031
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Chapter 13 Market Split by Type Analysis 2019 -2031
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Chapter 14 Market Split by End-Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Plastic Bucket market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Metal have a significant impact on Plastic Bucket market? |
What are the key factors affecting the Metal and Plastic of Plastic Bucket Market? |
What is the CAGR/Growth Rate of Up to 5 Liters during the forecast period? |
By type, which segment accounted for largest share of the global Plastic Bucket Market? |
Which region is expected to dominate the global Plastic Bucket Market within the forecast period? |
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