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City of Industry, CA -- (SBWIRE) -- 06/11/2018 -- The Plastic Pails (Plastic Bucket) industry was 5.5 billion USD in 2017 and is projected to reach 7.4 billion USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 3.68% between 2017 and 2025. The market is driven by various end-user industries, such as traditional vehicles and electric vehicles.
The industry is concentration; the key brand includes 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 and Zhonglianbang are the leaders.
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The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Plastic Pails (Plastic Bucket) Market Research Report 2018 released by QYResearch provides a basic overview of the Plastic Pails (Plastic Bucket) industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Plastic Pails (Plastic Bucket) industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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