Expected to Grow at a CAGR of 2% until 2034, predict FMI’s Analysts

The bucket market is predominantly utilized in infrastructure development projects in the United States. The market substantially includes the construction of roads, bridges, commercial buildings, and residential complexes. Buckets are commonly employed for excavation, material handling, and transportation on construction sites across the country.

NEWARK, Del, March 29, 2024 (GLOBE NEWSWIRE) — The bucket market foresees its current market valuation at US$ 1.9 billion in 2024 and is predominantly considered to surge at a valuation of US$ 2.7 billion by 2034, projected at a CAGR of 2%. The bucket industry includes various factors that help it surge majorly. Buckets are essential in construction tasks like clearing garbage, mixing concrete, and excavating.

Moving materials like concrete, sand, and gravel are indispensable tools for building projects. Bucket demand is strong as the construction industry continues to escalate due to an upsurge in population, infrastructure development, and urbanization.

Get Your Sample Report – Drive Business Success! https://www.futuremarketinsights.com/reports/sample/rep-gb-19318

Another important industry accelerating the bucket market is agriculture. Buckets are frequently used in farming operations for watering, harvesting, and feeding livestock. The dominance of buckets act as useful instruments for transporting harvested crops, water, feed, and seeds. The necessity for effective material handling solutions and the growth in the usage of robotic agricultural operations are raising up demand for buckets in the agriculture industry.

The design and production of buckets are driven by innovation and technical developments, propelling market expansion. Manufacturers aim to create buckets with better features, including ergonomic handles, spill-proof lids, and increased durability. Environmental and sustainability concerns push market trends and create recyclable and eco-friendly bucket solutions.

Key Takeaways from the Market Study

  • Under product type, the open top/head is accounted to hold a market share of 62.6% in 2024.
  • Spain is estimated to register at a CAGR of 2.1% by 2034.
  • France experiences significant growth, projected at a CAGR of 1.3% by 2034.
  • Based on material, the plastic segment is accounted to hold a market share of 72.1% in 2024.

“The continuous worldwide infrastructure building projects are one important factor that encompasses initiatives pertaining to building, transit, and urban development, is considered one significant driver for the bucket market,” comments Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

Request for our Comprehensive Research Methodology to Understand the Market! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-19318

Competitive Landscape

The bucket market is highly competitive, with local and global firms fighting for market share. Competitors compete based on innovation, pricing, distribution networks, and product quality.

Change in customer needs and business realities, choose frequent ways to strengthen market presence, including partnerships, acquisitions, and product diversification. Some of the key developments are:

  • In 2024, BWAY Corporation concentrated on expanding its product line and market penetration through partnerships or smart acquisitions. Adapting to changing consumer demands and market trends may entail expanding into new geographic areas or diversifying its product offering.
  • In 2024, M&M Industries explored significant advancements to strengthen its position as a leader in the bucket industry. The market has required making research and development investments to raise the caliber, robustness, and sustainability of the product.

Key Companies Profiled:

  • RPC Group
  • Mauser Packaging Solutions
  • Industrial Container Services
  • C.L. Smith
  • Affordable Buckets
  • Encore Plastics Corporation
  • FDL Packaging Group

More Valuable Insights Available

Future Market Insights offers an unbiased global bucket market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the bucket market is segmented based on Material (Plastic, Metal), Product Type (Open Top/Head, Close Top/Head), End Use (Paints & Coatings, Inks, Dyes & Pigments, Petroleum & Lubricants, Agrochemicals & Fertilizers, Food & Beverages, Other Industrial), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights! https://www.futuremarketinsights.com/checkout/19318

Key Segments

By Material:

By Product Type:

  • Open Top/Head
  • Close Top/Head

By End Use:

  • Paints & Coatings
  • Inks, Dyes & Pigments
  • Petroleum & Lubricants
  • Agrochemicals & Fertilizers
  • Food & Beverages
  • Other Industrial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa

About the Packaging Division at Future Market Insights.

The packaging team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Million+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Authored by:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics. 

Have a Look at Related Research Reports on Packaging Domain:

  • The global paint bucket market is projected to be valued at US$ 5.3 Billion in 2023 and is anticipated to expand at a CAGR of 4.2%. Owing to the advances in packaging, the market is likely to surpass a valuation of US$ 8 Billion by 2033.
  • FMI has analyzed that the ring pull cap market valuation is worth US$ 374.9 million as of 2024. As the market is set to pick up its pace, expanding at 3.90% CAGR, it is forecast to reach US$ 557.1 million by the end of the stipulated time frame.
  • The plastic lid market has enrooted US$ 75.6 billion in 2024 and will jump to US$ 125.6 billion in 2034, covering a CAGR of 5.20% through 2034. PET and HDPE bottles and lids are widely accepted in household curbside recyclable programs alongside glass and metal.
  • As per the updated report of Future Market Insights, our lead analyst gives a detailed analysis of the packaging market. As per the analysis, sales of oven bags hold a current valuation of US$ 795.9 million in 2024.
  • In a recently updated edition, trends suggest a valuation worth US$ 56.20 million for the sugarcane bottle market in 2024. As these trends gain significance and become mainstream, sales of sugarcane bottles acquire the potential to aim for a considerable valuation and acquire US$ 94.20 million by 2034.
  • The perfume bottle market under FMI published a new report stating the current valuation of the market is US$ 736.5 million in 2024.
  • Global sales of skincare packaging are estimated to be valued at US$ 17,270.5 million in 2024 and further surge at 4.0% during the next ten years. By 2034, the global skincare packaging market size is forecast to reach US$ 25,590.3 million, highlighting the growth potential that this industry can offer to companies.
  • The digital printing film market is set to surge to US$ 15.3 billion in 2024, poised for a projected CAGR of 4.50% that could propel it to US$ 23.6 billion by 2034. The growing demand for sustainable printing is a key dynamic factor in the market.
  • In light of booming pharmaceutical and cosmetic industries in the world, the bag-on-valve laminate market is penned in to experience a surge. The US$ 248.80 million industry in 2024 is slated to reach US$ 364.70 million by 2034, registering at a CAGR of 3.90%.
  • The packaging analysts at Future Market Insights opine that the reusable box market will be worth US$ 16.8 billion by 2023. Sustainability and eco-consciousness consumer concerns to propel reusable box emerging trends in this ecosystem point to a US$ 30.8 billion valuation by 2034.

About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube


Primary Logo

Originally published at https://www.einpresswire.com/article/699714170/infrastructure-building-projects-drive-the-demand-of-bucket-market-expected-to-grow-at-a-cagr-of-2-until-2034-predict-fmi-s-analysts