Square Pails Market: Size, Share, Growth, Trends, and Forecasts 2016–2024
sarsota, FL -- (SBWIRE) -- 11/02/2017 -- Square Pails Market: Overview
There is no as such difference in the usage of the square pails or the round pails. But, the square pails make effective utilization of space thus minimizing the cost of packaging. They are open head containers that are used for the storage of the products such as edible oils, water, and solvents.
Square Pails Market: Facts
The 10 L square pail that is available in the market has the following specifications: there are various colors available, it is tampered free, has the packaging size of 10kg 23 x 23 x 80, and the pallet size of 300kg 120 x 120 x 122.
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Square Pails Market: Segmentation
The global square pails market is fragmented into the material type, capacity, and the end-user industry. Based on the type of the material, the global market is segregated into galvanized metals and plastic. The metals segment is sub-categorized into aluminum, steel, and iron. Based on the capacity, the market is categorized into 25 L & more, 10 to 25 L, 5 to 10 L, and 3 to 5 L. Based on the end-user industry, the market is divided into chemical industries, paint industries, home care, petrochemical industries, and pharmaceutical industries.
Square Pails Market: Growth Factors
In the coming years, the square pails market will grow at a rapid rate. One of the significant factors that are contributing towards the growth of the market is the increasing use of the square pails in the end-user industries such as the petroleum, pharmaceutical, chemical, and the food sectors. The other factors that are contributing to the growth of the market are the increasing investments that are made for the innovation of the products, efforts taken by the manufacturers to improve the sales, extensions in the production capacity for fulfilling the growing demand positively affect the growth of the market. Another factor that is favoring the growth of the market is the regulations that are implemented by the government regarding the quality standards of the food products. Majorly, in the petrochemical sector square pails are used for the storage of the oils and lubricants. The factor that is limiting the growth of the market is the environmental issues that are caused by the materials that are used for the production of square pails.
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Square Pails Market: Regional Analysis
In the region-wise outlook, the square pails market is categorized into Asia Pacific, Latin America, North America, Eastern Europe, the Middle East and Africa, and the Western Europe. The major regional markets for the square pails are Asia Pacific and North America. Both the regions lead the market both in terms of volume and value. The factors that contribute to the market growth in these regions are the increased disposable income and the developing transportation sector. In the coming years, the market will be growing at a significant rate in the European regions.
Square Pails Market: Competitive Players
The key market players that are involved in the square pails market include M&M Industries Inc., IPL Plastics, Inc., Jokey Plastik Wipperfürth GmbH., Pro-Western Plastics Ltd., Affordable Plastics LLC, Northern Container, Berry Global Inc., Involvement Packaging Ltd., Plast Service Pack Company, Corcoran Products, Involvement Packaging Ltd., Viscount Plastics Ltd., United States Plastic Corp., and others.
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Square Pails Market: Regional Segment Analysis
Middle East and Africa
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