U.S. High Density Polyethylene Plastic Pails Market To Reach $301.7Mn By 2030

U.S. High Density Polyethylene Plastic Pails Market Growth & Trends

The U.S. high density polyethylene plastic pails market size is expected to reach USD 301.7 million by 2030, registering a CAGR of 4.6% from 2024 to 2030, 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

• Based on the size, the small-sized pails segment dominated the global industry and accounted for a revenue share of 63.0% in 2023.

• The medium-sized pails segment is expected to experience a significant CAGR over the forecast period.

• The paints & coatings segment dominated the U.S. high-density polyethylene (HDPE) plastic pails market in 2023. The growth of this segment is driven by the increasing demand for paints and coatings in the construction and automotive industries.

• The polymers, resins & adhesives segment is anticipated to experience the fastest CAGR of 5.0% during the forecast period.

U.S. High Density Polyethylene Plastic Pails Market Segmentation

Grand View Research has segmented U.S. high density polyethylene plastic pails market report based on size, and end-use:

U.S. High Density Polyethylene Plastic Pails Size Outlook (Revenue, USD Million, Volume Kilotons, 2018 - 2030)

• Small

• Medium

• Large

U.S. High Density Polyethylene Plastic Pails End Use Outlook (Revenue, USD Million, Volume Kilotons, 2018 - 2030)

• Paints & Coatings

• Polymers, Resins & Adhesives

• Petroleum & Lubricants

• Others

List of Key Players of U.S. High Density Polyethylene Plastic Pails Market

• Polyethylene Containers, Inc.

• M&M Industries, Inc.

• Siena Plastics

• C.L. Smith

• New AGE, Inc.

• Vestil Manufacturing Corp.

• Dura-Plas, Inc.

• TranPak Inc.

• Labelmaster