Bucket Market

Bucket Market Outlook from 2024 to 2034

After a detailed analysis of the packaging industry, FMI recently published a new report on the bucket market. As per the analysis, sales of buckets hold a current valuation of USD 1.9 billion in 2024.

Reflecting on consumers’ expectations, bucket producers work on simpler labels with understandable ingredients, reinforcing continuous demand. Going by this pattern, demand could rise and equate to a market valuation of USD 2.7 billion, with a CAGR of 2% by 2034.

Attributes	Details
Bucket Market Value for 2024	USD 1.9 billion
Bucket Market Value for 2034	USD 2.7 billion
Bucket Market CAGR from 2024 to 2034	2%

Historical Performance and Future Growth of the Bucket Market

In 2019, the global bucket market showed a potential worth USD 1.7 billion, according to Future Market Insights. From 2019 to 2023, bucket sales inclined at a 3.5% CAGR, experiencing linear expansion.

Historical CAGR	3.5%
Forecast CAGR	2%

Several market phenomena, including a rise in industrial activity, the development of infrastructure, and demand from industries like agriculture and construction probably caused the market evolution.

With a predicted CAGR of 2%, projections for the future trajectory point of the bucket market led to a reduction in growth. Economic volatility, shifting consumer tastes, and regulation changes that affect market dynamics could all impact this adjustment.

The bucket market is broadened further, albeit more slowly, due to perpetual demand from various end-user sectors worldwide, even with the predicted slowdown in growth.

Key Factors Accelerating the Bucket Market

• The continuous focus on infrastructural development in different areas acts as a considerable factor propelling the bucket industry.
• The magnification of the construction sector, especially in developing nations, is a major factor speeding the bucket market.
• The need for buckets is consistently generated by the agriculture industry, largely for irrigation, land preparation, and harvesting. Buggy systems are highly necessary as farming methods change to fulfill the advancing needs for food.
• Ongoing technical breakthroughs improve the efficiency, durability, and versatility of buckets in their design, and buckets may face issues due to production methods.

Key Factors Hindering the Bucket Market

• Economic turbulence and uncertainty, like recessions or currency devaluations, cause concussions while investing in building and infrastructure projects.
• Certain buckets face issues due to the burgeoning environmental restrictions and sustainability programs, peculiarly those that do not meet emissions standards or are not environmentally friendly.
• Natural disasters, geopolitical unrest, or worldwide pandemics can all cause supply chain disruptions that might negatively impact the availability of components and raw materials required to produce buckets.

Category-wise Insights

The below section shows the leading segment. Based on the material, the plastic segment is accounted to hold a market share of 72.1% in 2024. Based on product type, the open top/head segment is accounted to hold a market share of 62.6% in 2024.

Plastic buckets are preferred over metal or wooden ones as they are lighter in weight and easier to handle and transport.

Better accessibility is provided with open top/head buckets, making loading and unloading items simple without the need for extra opening mechanisms.

Category	Market Share in 2024
Plastic	72.1%
Open Top/Head	62.6%

Plastic Segment to Hold a Significant Share in the Market

Based on material, the plastic sector is accounted to hold a market share of 72.1% in 2024. The popularity of plastic buckets can be ascribed to several things, including their durability, corrosion resistance, and capacity to withstand chemicals.

Plastic buckets are successively less expensive than equivalents made of wood or metal. Plastic buckets are mostly preferred by various industries, including agriculture and construction as they are adaptable and suitable for a wide range of uses.

Open Top/Head Segment to Hold a Dominant Share in the Market

Based on product type, the open top/head sector is accounted to hold a market share of 62.6% in 2024. Open top/head buckets are used because they are convenient and readily accessible, making both quick and easy in loading and emptying materials.

Open top/head buckets are widely used in the construction, waste management, and agricultural industries and for jobs that require quick material handling.

Country-wise Insights

The table mentions the top five countries ranked by revenue, with India holding the top position.

India is the market leader in buckets because of its wide usage in various industries, including rural development, agriculture, and construction. The demand for buckets remains constant due to infrastructural developments, rising urbanization, and the focus on agricultural output.

The developing economy and the vast population of 1.42 billion in India further propel the market by positioning it as a major participant in the global bucket industry.

Forecast CAGRs from 2024 to 2034

Countries	CAGR through 2034
United States	1.9%
Germany	1.6%
China	4.6%
Thailand	4.3%
India	6%

Infrastructure Development Impresses the United States Market

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.

Manufacturing and Industrial Applications Accelerate the Demand for Buckets in Germany

The bucket market finds significant usage in manufacturing and industrial applications. Industries like automotive, engineering, and manufacturing largely rely on buckets for material handling, storage, and transportation within their production processes.

Buckets are essential for handling raw materials, components, and finished products in these sectors.

Construction and Urbanization Boost the Bucket Market in China

The booming construction sector upsurges the demand for buckets in the country. With rapid urbanization and infrastructure development projects underway, buckets are extensively used in construction activities such as excavation, concrete mixing, and debris removal.

The construction of residential complexes, commercial buildings, and transportation infrastructure fuels the widespread usage of buckets across China.

Thailand Holds a Prominent Position in Agriculture and Farming

In Thailand, the bucket market is predominantly utilized in agriculture and farming activities. Buckets are essential tools for irrigation, harvesting, and livestock feeding on farms across the country.

Buckets are utilized in aquaculture, horticulture, and other agricultural practices to facilitate various farming operations efficiently.

India has a Pivotal Position for Rural Development and Construction

Rural development initiatives and construction projects majorly require buckets for their usage. With ongoing efforts for improvement in rural infrastructure, buckets play a compelling role in activities such as road construction, water supply projects, and sanitation programs.

Buckets are widely utilized in urban construction projects, real estate development, and infrastructure upgrades in rapidly growing cities across the country.

Competitive Landscape

The bucket market is very competitive, with many companies, from large multinationals to small-town producers. Lucrative opportunities are available for market players who invest in bucket market technology for improving features that frequently compete on product quality, cost, innovation, and distribution networks.

Smaller regional businesses concentrate on specialized products or niche markets for establishing their presence, whereas multinational corporations utilize their worldwide reach and ample resources for sustaining a substantial market share.

Diversified companies frequently use partnerships, mergers, and acquisitions for bolstering their market position and product offerings, hence cherishing a dynamic and competitive landscape in the bucket market.

Some of the key developments are

• In 2023, Mauser Group concentrated on burgeoning its product line and strengthening its position in the plastic bucket industry. The company offered innovative plastic bucket solutions, emphasizing sustainability, durability, and customization choices to meet the changing demands of different industries.
• In 2023, RPC Group strengthened its position in the plastic bucket market, a well-known producer of plastic packaging solutions, probably pursued significant advancements. The key player introduced new product lines, investing in cutting-edge manufacturing techniques, and raising production levels to meet demand.

Key Coverage in the Bucket Industry Report

• Adjacent Study on Bucket Market, Bucket Elevator Market
• Indian Loader Bucket Market
• Bucket Trucks Market Size, Current Insights, and Demographic Trends
• Global Bucket Sales Market
• Key Strategies in the Global Excavator Bucket Market

Report Scope

Attributes	Details
Estimated Market Size in 2024	USD 1.9 billion
Projected Market Valuation in 2034	USD 2.7 billion
Value-based CAGR 2024 to 2034	2%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD billion
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa
Key Market Segments Covered	Material, Product Type, End Use, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel
Key Companies Profiled	RPC Group; Mauser Packaging Solutions; Industrial Container Services; C.L. Smith; Affordable Buckets; Encore Plastics Corporation; FDL Packaging Group

Key Segments

By Material:

• Plastic
• Metal

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

Frequently Asked Questions

What is the expected worth of the bucket market in 2024?

As of 2024, the market for buckets is expected to be valued at USD 1.9 billion.

What is the market potential for buckets?

The bucket market is projected to expand at a CAGR of 2% between 2024 and 2034.

Which product type segment dominates the bucket market?

The open top/head segment is projected to dominate the industry.

What is the anticipated market value for bucket in 2034?

By 2034, the market value of the bucket is expected to reach USD 2.7 billion.

Which country is likely to dominate the bucket market?

India is likely the top-performing market, with a CAGR of 6%.