The global rain barrels market size is projected to exhibit tremendous growth from 2023 to 2033. According to the research report published by FMI, the global market is predicted to surpass a valuation of USD 2,158.8 million in 2023. It is expected to reach a valuation of USD 3,829.8 million by 2033. The market is anticipated to capture a CAGR of 5.9% from 2023 to 2033.
The rain barrels market is anticipated to witness remarkable growth during the forecast period. As prominent industries such as industrial chemicals, petroleum and lubricants, beverages, paints, inks, and dyes are generating consistent demand for rain barrels for storing rainwater.
Using rainwater not only leads to an increased water supply but also acts as a direct replacement to tap water. It can’t replace the water supply directly but be utilized to serve other non-potable purposes. It could be easily used for car washing, watering lawns, and flushing down toilets. Since there is limited fresh water and the demand for the same is increasing day by day, it is necessary to find a replacement for the same. Storing rainwater in rain barrels could easily minimize the risks of environmental containment and help to ease the maintenance of water supply in drought situations. It uses less energy and minimizes the emission of CO2.
The rain barrels market is expected to witness significant growth because of the relevance of rain barrels for water storage. The availability of different color options and ease of printing on rain barrels render convenience for both - manufacturers as well as consumers.
| Attribute | Details |
|---|---|
| Rain Barrels Market Share (2022) | USD 2,038.5 million |
| Rain Barrels Market Share (2023) | USD 2,158.8 million |
| Rain Barrels Market Share (2033) | USD 3,829.8 million |
| Rain Barrels Market Share (2023 to 2033) | 5.9% |
| Collective Value Share: Top 5 Companies | 16.2% |
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The global rain barrels industry size developed at a modest CAGR of 5% from 2018 to 2022. In 2018, the global market size stood at USD 1,674.4 million. In the following years, the market witnessed substantial growth, accounting for USD 2,038.5 million in 2022.
According to the WHO, nearly 1.1 billion people all across do not have access to safe and clean drinking water, while 2.6 billion people lack basic sanitation facilities. To support the growing requirements of the population, one needs to conserve and use water sustainably.
Climate change and global warming are also playing a key role in increasing the demand for water and creating water shortage plants in many parts of the world. Effective water management is required to keep water hygienic and safe to use. Rainwater harvesting is an effective way of water conservation that could be carried out easily at home to enhance the volume of water for usage. Rainwater could be later used for watering plants, and cleaning gardens, and lawns.
Functionality to Boost the Market
Product improvement has been the focus area of various rain barrels manufacturers. Manufacturers emphasize providing a variety of rain barrels to their customers to fulfill their needs. Customized solutions for customers with the integration of technologies are likely to augment the growth of the rain barrels market. Furthermore, technologies such as heat sealing and thermoforming improve and enhance the functionality of rain barrels. Heat sealing leads to the closure of material, which prevents contamination or leakage and ensures the safety of the water stored in rain barrels. Further, thermoforming produces strong, semi-flexible, seamless, and leak-proof inserts in a range of thicknesses as per the customers’ requirements.
The amplified need for water may endorse the growth of the rain barrels market. The rain barrels market may experience further growth with the advancement of recycling and biodegradable packaging. Plastic accounts for the dominant share in rigid bulk packaging materials. Rain barrels with continuous advancements and innovations bring out lightweight but strong rain barrels.
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Lightweight and Cost-effective Attributes Have the Pie
The cost-effectiveness of plastic-based products is providing better options for manufacturers and converters in comparison with metal rain barrels. The raw material resin used in manufacturing plastic rain barrels is easy to obtain at an appropriate price. Plastic rain barrels offer reusability and cost-efficiency, which is leading to a wide range of applications across different regions.
Plastic rain barrel minimizes the need for drilling and they are efficiently reducing the contamination owing to their manufacturing through blow molding technology. Hence, for efficient consequences, plastic rain barrels have a competitive edge over the other materials of rain barrels.
Climatic Conditions Play a Vital Role
It is been observed that the frequency of droughts has increased in certain parts of the world. The Mediterranean region has also reflected an increase in droughts over the years. Water conservation in these conditions is set to boost the rain barrel market across the globe. The practice of rainwater harvesting and using limited water may help the rain barrels market to grow.
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Business Beyond Barriers to Accelerate the Market
Intercontinental business & trade of chemicals & fertilizers is a vital factors driving the growth of the rain barrels market. Also, with an increase in the usage of water in urban households, water barrels have become a necessity. Moreover, plastic lids are being replaced by metal or fiber rings to minimize any type of product contamination in water.
The growing population and increasing adoption of lightweight rain barrels are driving the market growth. In a natural landscape, around 50% of stormwater infiltrates the ground, thereby recharging groundwater. About 40% evaporates, and only 10% runs off. In developed landscapes, by contrast (e.g. our neighborhoods); only 15% infiltrates and a whopping 55% runs off, this is because water can't penetrate hardscape (roads, rooftops, parking lots, etc.). When one collects rainwater, it reduces stormwater impacts by holding water on-site rather than letting it run off. When released, water sinks back into the ground where it belongs, hydrating soils and recharging the groundwater beneath us
Rain barrels have their advantages such as water storage. Thereby helping to reduce stormwater runoff and preventing soil erosion but more than an advantage, they’ve turned into a trend. Rain barrels have become a garden necessity as they add to the aesthetic appeal and décor. Oak rain barrels are becoming a luxury garden accessory with the youth.
Sustainability Need of the Hour
Sustainable packaging solutions adopted by various industries are anticipated to provide growth opportunities for the rain barrels market. With the growth in various industries, the demand for sustainable packaging has hiked. Increasing consciousness regarding the environment and regulatory guidelines by various governments has led to an inclination toward environmentally-friendly packaging materials.
According to the report released by ‘unenvironment.org’, 8 million tons of plastic end up in the world’s oceans every year. The global consumption of plastic continues to grow and the key challenge is that the dominant producers are unable to manage their waste effectively. This provides an opportunity for rain barrel manufacturers to provide solutions, which are recyclable and do not have hazardous effects on the environment. Several plastic rain barrels are made from Food Grade High-Density Poly Ethylene (HDPE) and Low-density Polyethylene (LDPE) material, which can be easily recycled. Furthermore, rigid forms of LDPE are used in rain barrels. They are easier to recycle.
The plastic segment gains traction and accelerates at a CAGR of 6.1% during the forecast period. In 2022, the plastic segment captured 66.2% of market shares. Along with rigid rain barrels, plastic rain barrels also include PVC rain barrels that are collapsible and lightweight. These rain barrels are the most inexpensive ones out of all the other rain barrels. They can be folded and easily adjusted anywhere due to their flexible material.
Open-head type rain barrels are easier to clean and manage than tight-head type. They accounted for more than 66% of market share in 2020. Open-head type barrels could also be used for other purposes like storing other objects or solutions. Due to the versatility of open-head rain barrels, they are expected to expand at a faster rate than tight-head barrels.
Based on capacity, the 75 to 125 gallons segment is predicted to garner immense growth during the forecast period. In 2022, the 75 to 125 gallons segment captured 30.5% of market shares.
Europe is expected to hold the maximum market share for rain barrels due to its wide-ranging natural disaster pattern and water shortage. Europe is expected to hold more than 20% of the market share throughout the forecast period. In 2022, Europe held 24.1% shares in the global market. According to UNESCO, North American countries consume 2.5 times more water than European countries.
This could be attributed to rapid industrialization and lower cost of water as compared to the other regions. Water management is highly essential in these areas to reduce water depletion and restore water in every form.
In the United States, leading beverage brands Coca-Cola and World-Wide Fund for Nature (WWF) took the initiative. To help locals manage stormwater by conducting rain barrels workshops, with Coca-Cola donating more than 36,000 drums to date to collect more than 303 million liters of water.
Few states in the United States have rainwater regulations California is regulated through the Division of water rights and Hawaii is regulated through the Department of Health and Safety. In 2022, The United States captured 17.5% shares in the global market.
Rainwater collection is increasing in Canada, especially in rural areas. Small-town municipalities are giving away free rain barrels to the citizens to promote the habit of saving water. Recycling rainwater may not only reduce dependency on freshwater but also help to restore freshwater supply. In Canada, freshwater isn’t available, which causes an issue when it comes to usage. The Okanagan Valley in British Columbia has a low quantity of freshwater available per person in Canada.
Collecting rainwater in Canada is challenging due to its cold weather conditions and it poses a challenge for a customer to store water. However, many manufacturing companies are coming up with innovative designs for keeping rainwater warm, even in colder temperatures.
Germany ranks third as the most affected country due to climate risk. It underwent scorching heatwaves in 2018 with losses worth more than USD 3,500 million from the agricultural sector. 2018 turned out to be a hotter year in the history of Germany. It caused more than 1,246 deaths and 0.12% of the downfall in its GDP. Rain tax, also known as the stormwater fee is charged to all German citizens who own real estate properties. It was introduced in Germany in the year 1990 to protect against environmental damage caused by stormwater runoff.
Rainwater harvesting is followed by most citizens in Germany to collect and store rainwater so it could further be used for other purposes and also to avoid adverse weather conditions. Germany captured 7.0% market shares in 2022.
Water Regulations Advisory Scheme (WRAS) regulates water supply in the United Kingdom. It helps to prevent the wastage of water and also keeps a check on overflowing. The United Kingdom is a vital market for rain barrels since a large chunk of manufacturers is based in the United Kingdom. Rainwater collection is perfectly legal and even motivated by many city municipalities in the United Kingdom. In 2022, the United Kingdom held 3.0% shares in the global market.
Thunderstorms, droughts, and heavy rainfall are prominent in India because of its tropical climate across the country. Many rainwater harvesting structures are being created by the government and also individuals to curb the harmful effects of excess natural disasters. To address the problem of water depletion, the government of Uttar Pradesh took substantial steps in 2019 like making it mandatory for new builders and residents to have a facility for rainwater harvesting in their abodes.
In 2019, Metro Water Staff and Municipal Corporation started inspections for rainwater harvesting structures in 15 zones in Chennai. Renovation for rainwater harvesting structures is being actively carried out in Chennai and many other parts of Southern India. India makes a lucrative market for rain barrels due to its tropical climate and lack of water in some areas. In 2022, India captured 7.3% shares in the global market.
| Country | CAGR Share in Global Market (2022) |
|---|---|
| United States | 17.5% |
| United Kingdom | 3.0% |
| Germany | 7.0% |
| Japan | 3.4% |
| India | 7.8% |
Companies offering rain barrels are keeping track of innovations in material type and technological advancements to provide better and cutting-edge rain barrels to customers. Information and communication technology (ICT) and machine learning have opened new pathways for smart rain barrels. Several models are being studied, tried, and tested to innovate the existing product. Technologies like automatic beep sensors and automated lids are being used in rain barrels to make their functioning even more effective.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value, 000’ Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Capacity Type, Material Type, Head Type, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Open Head
The market is estimated to secure a valuation of USD 2158.8 million in 2023.
WISY AG, GRAF GMBH, and Etills Limited are the essential market players.
The global market is predicted to be worth USD 3,829.8 million by 2033.
A CAGR of 17.5% is held by the United States alone in 2023.
The market held a CAGR of 5% between 2018 and 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity Type 5.1. 25-75 gallons 5.2. 75-125 gallons 5.3. 125-175 gallons 5.4. Above 175 gallons 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. Metal 6.2. Plastic 6.3. Wood 6.4. Concrete & Clay 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Head Type 7.1. Open Head 7.2. Tight Head 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. ORBIS Corporation 16.2. Capi Europe B.V. 16.3. GRAF GMBH 16.4. Koolatron Corporation 16.5. ROTO Group UK 16.6. WISY AG 16.7. The Barrel Makers 16.8. Kingfisher Direct Ltd 16.9. Etills Limited 16.10. Oaklands Group Ltd 16.11. Good Ideas Inc. 16.12. Algreen Products, Inc. 16.13. Bosmere Products Ltd. 16.14. Emsco Group 17. Assumptions & Acronyms Used 18. Research Methodology
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Rain Barrels Market
