- Paint buckets are widely used for storing a large number of paints and coatings. These buckets are also called pails. Paint buckets are airtight containers that help to reduce spoilage and contamination of the inside products.
- Leakage-proof packaging of the chemicals and paint material is the fueling factor for driving the paint bucket market.
- Lightweight transportation results in low transportation costs, which is also responsible for boosting the paint buckets market.
- The global industrial packaging market is expected to increase with a high growth rate during the forecast period, resulting in higher demand for paint buckets in various regions.
- Lucrative opportunities are witnessed for the paint bucket market in the South Asia region. Asian countries such as Malaysia, Indonesia, and Singapore are expected to develop new architectural projects for tourism, driving growth.
- North America is a leading market for paint buckets. However, infrastructure grades in the U.S. have pushed manufacturers to focus on advanced technologies and cost-effective manufacturing.
- Paint buckets are increasingly manufactured with eco-friendly materials, aligning with sustainability goals.
- Owing to structural development projects worldwide, the demand for paint buckets is expected to expand at a substantial growth rate during the forecast period.