Industrial Pails Market Forecasted to Reach US$ 9,300 Mn Value by 2026-EndPosted by Pradnya Kulkarni on February 28th, 2018 Pails are a type of cylindrical containers that are usually made up of plastic or metal and are used in the storage of liquid or semi-liquid industrial products. There are various factors that are contributing to the expansion of global industrial pails market. A major factor is the rapid growth of the chemical and pharmaceutical industries. Manufacturers in such industries want packaging solutions that are light in weight, are cost effective and also durable and strong for their bulk liquid packaging requirements. Due to this reason, industrial pails find significant applications in the chemical and pharmaceutical industries. In addition, there is a growing demand for paints, adhesives and coatings all across the world and this is another factor driving the market growth. However, the fluctuating prices of raw materials for the manufacturing of industrial pails are restraining the growth of the global industrial pails market. Besides, there are growing applications of industrial pails in the food and beverage, construction and mining industries, which are providing new opportunities for the global industrial pails market. The global industrial pails market is slated to reach a valuation of nearly US$ 9,300 Mn in the year 2026 and exhibit a moderate CAGR during the period of forecast. 4 Forecast Highlights on Global Industrial Pails Market
Competition Landscape The report has also profiled leading players in the global market for industrial pails, which will remain active through 2026. These include companies such as FDL Packaging Group, Grief Inc., Balmer Lawrie & Co. Ltd, SCHÜTZ GmbH & Co., Sonoco, Orora Packaging Australia Pty Ltd, Mauser Group B.V., Fibrestar Drums Ltd, Delta Containers Direct Limited and Industrial Container Services. Request Report TOC @ https://www.futuremarketinsights.com/askus/rep-gb-6387 Like it? Share it!More by this author |