Future Market Insights
In recent few years, there has been a trend for the use of strong and sturdy packaging solutions for better logistics and transportation of the product. Such type of packaging product is conipack pails which are plastic pails specially made for carrying industrial products which are especially liquids. Conipack pails are covered with air tight lid which gives leak proof protection to liquid products. Conipack pails with lids are also provided with tamper evident feature which restricts the product from getting misplaced or stolen. Conipack pails made from plastic are rust/corrosion free which are the key factors replacing the usage of metal pails. Even the light weight of conipack pails are creating growth as compared to the usage of traditional metal pails. Conipack pails are good for storing chemicals, lubricants, paints, grease, etc. Conipack pails are made from plastic, so the inner surface does not react with the liquid stored in it. Conipack pails are mainly manufactured from materials such as HDPE and LDPE.
Global Conipack Pails - Market Dynamics:
The global market for conipack pails is expected to witness high demand over the forecast period 2017-2025, due to extensive usage of plastic pails and replacing metal pails. In addition, conipack pails are tougher with lesser weight even when the pails are full as a result of these they can be easily transported from one place to another. Furthermore, the increasing demand for industrial packaging is positively impacting the market for conipack pails. In addition, the preference of industrial and chemicals packaging in conipack pails have increased its market. Moreover, the market for conipack pails is restricted due to its alternatives such as plastic jerry cans and bottles. Even the strict norms for the usage and recycling of conipack pails made from plastic are hampering the market.
Global Conipack Pails - Market Segmentation:
The global conipack pails market can be segmented by the raw material type, by capacity, and by the application.
On the basis of raw material type, the global conipack pails market is segmented into –
On the basis of capacity, the global conipack pails market is segmented into –
Less than 500ml
1 litre to 3 litre
3 litre to 10 litre
10 litre to 20 litre
20 litre or more
On the basis of applications, the global conipack pails market is segmented into –
Inks & Resins
Global Conipack Pails Market – Regional Overview:
The global conipack pails market can be divided into seven major regions which are as follows -
Asia-Pacific excluding Japan
Middle East & Africa
The market of conipack pails in Asia-Pacific region is expected to dominate due to large scope for lubricant and industrial packaging during the forecast period 2017-2025. This market for conipack pails is then followed by North America and Europe as the second and the third most favourable market. Latin America and Middle East & Africa region is also expected to witness an above average growth due to the presence of large scope for lubricant and petroleum packaging in these regions.
Global Conipack Pails Market – Key players:
Few of the key players in the conipack pails market areTime Technoplast Ltd., Blow Packaging Ltd, Blow Can Industries, Illing Company, Inc., Kaufman Container Company, Snyder Industries, Inc., etc.
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