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Plastic Water Storage Tank Market Trends and Forecast

The future of the global plastic water storage tank market looks promising with opportunities in the sectors of residential, commercial, industrial, and municipal. The global plastic water storage tank market is expected to reach an estimated $2.4 billion by 2030, and it is forecast to grow at a CAGR of 4.4% from 2024 to 2030.The major drivers for this market are growing construction activities and increasing concerns about water conservation.
  • Lucintel forecasts that polyethylene will remain the largest polymer segment and it is also expected to witness the highest growth because it is exceptionally durable, light weight, and cost effective.
  • Within the global plastic water storage tank market, residential will remain the largest end use industry due to increasing housing starts and growing population.
  • Plastic tanks are used for potable water, water conservation, wastewater, industrial wastewater, fire protection, and plumbing and engineering applications. The largest application will continue to be plastic tanks for potable water, which is also expected to witness the highest growth over the forecast period due to increasing residential construction and increasing spending on water infrastructure.
  • In this market, underground plastic water storage tanks are more predominant due to increasing government regulation towards wastewater treatment and water conservation.
  • Asia Pacific will remain the largest region. It is also expected to witness the highest growth over the forecast period due to growing population and construction activities in this region.
 
Plastic Water Storage Tank Market by Application, End Use, Process, Polymer, Size, and Type

Asia Pacific will remain the largest region in the Plastic Water Storage Tank Market

  1. United States: Companies like Snyder Industries and Norwesco Industries are increasing production of plastic water storage tanks to meet residential and commercial demands. Government initiatives promoting water conservation and emergency preparedness drive market growth. 
  2. China: Chinese manufacturers including Jiangsu Linhui Plastic Product and Rotational Molding are expanding plastic water storage tank production capacities to cater to urban and rural water supply needs. Government initiatives promoting water conservation and rural development stimulate market demand.
  3. India: Indian companies like Sintex Plastics and Vectus Industries are targeting the plastic water storage tank market with durable and cost-effective solutions. Government schemes like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) focus on improving water infrastructure, boosting market demand.
  4. Germany: German firms such as Graf GmbH and Roth Industries are focusing on developing innovative and eco-friendly plastic water storage tanks. Government support for sustainable water management practices stimulates demand for high-quality storage solutions. 
  5. Brazil: Brazilian manufacturers like Fortlev and Tecnotri are expanding their product portfolios to include plastic water storage tanks for residential and agricultural use. Government initiatives promoting water conservation and irrigation modernization drive market expansion.

Emerging Trend in the Plastic Water Storage Tank Market

The emerging trend, which has a direct impact on the dynamics of the industry, is the increasing demand for four layered water storage tanks for protection from bacteria and fungus.
Sample figures with some insights are shown below. Growth in various segments of the plastic water storage tank market are shown in the figure below.
Plastic Water Storage Tank Market by Segments
 

Plastic Water Storage Tank Market by Segment

In this market, wastewater is the largest application market, and polyethylene is the largest polymer segment.
The study includes trends and forecast for the global plastic water storage tank market by application, end use, process, polymer, size, type, and region, as follows:

Plastic Water Storage Tank Market by Application [Value ($ Billion) and Volume (Kiloton) from 2018 to 2030]:

Plastic Water Storage Tank Market by End Use [Value ($ Billion) and Volume (Kiloton) from 2018 to 2030]:

  • Municipal
  • Industrial
  • Commercial
  • Residential

Plastic Water Storage Tank Market by Polymer [Value ($ Billion) and Volume (Kiloton) from 2018 to 2030]:

Plastic Water Storage Tank Market by Plastic [Value ($ Billion) and Volume (Kiloton) from 2018 to 2030]:

  • Virgin
  • Recycled

Plastic Water Storage Tank Market by Size [Value ($ Billion) and Volume (Kiloton) from 2018 to 2030]:

  • Less than 1,000 liters
  • 1,000 liters to 5,000 liters
  • More than 5,000 liters

Plastic Water Storage Tank Market by Type [Value ($ Billion) and Volume (Kiloton) from 2018 to 2030]:

  • Aboveground
  • Underground

Plastic Water Storage Tank Market by Region [Value ($ Billion) and Volume (Kiloton) from 2018 to 2030]:

  • North America
  • Europe
  • APAC
  • ROW

List of Plastic Water Storage Tank Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, plastic water storage tank companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plastic water storage tank companies profiled in this report include-

Recent Developments in the Plastic Water Storage Tank 

  1. Innovations in Material Technology: Recent developments in the plastic water storage tank market include innovations in material technology to enhance durability, safety, and sustainability. Companies like Sintex Plastics Technology Limited and Poly-Mart are introducing tanks made from advanced polyethylene resins with UV stabilizers, antimicrobial properties, and food-grade certifications, ensuring long-term performance and water quality.
  2. Introduction of Modular and Stackable Tanks: Modular and stackable water storage tanks are gaining popularity for residential, commercial, and industrial applications. Manufacturers like Snyder Industries and Norwesco are offering modular tank systems that can be easily assembled, expanded, or relocated to accommodate varying water storage needs, providing flexibility and scalability for different environments.
  3. Focus on IoT-enabled Smart Tank Solutions: IoT-enabled smart tank solutions are revolutionizing water management and monitoring. Companies like Bushman USA and Tank Utility are developing plastic water storage tanks equipped with sensors, telemetry systems, and cloud-based platforms for remote monitoring of water levels, leak detection, and predictive maintenance, optimizing water usage and efficiency. 
  4. Expansion of Rainwater Harvesting Systems: The adoption of rainwater harvesting systems is driving growth in the plastic water storage tank market. Companies like Graf and Water Harvesting Solutions are offering integrated rainwater harvesting solutions that include plastic storage tanks, filtration systems, and distribution networks, enabling sustainable water conservation practices for residential and commercial buildings.
  5. Development of Slimline and Space-saving Tank Designs: Slimline and space-saving tank designs are becoming popular for urban and compact spaces. Manufacturers like Bushman USA and Rotoplas are introducing slimline water storage tanks with narrow profiles and vertical orientations, allowing for installation in tight spaces such as balconies, rooftops, and basements, without sacrificing water storage capacity. 
  6. Emphasis on Eco-friendly and Recyclable Tanks: There's a growing emphasis on eco-friendly and recyclable plastic water storage tanks to reduce environmental impact. Companies like JoJo Tanks and Ace Roto-Mold are manufacturing tanks using recycled plastics and promoting recycling programs to ensure responsible end-of-life disposal, contributing to sustainability efforts and circular economy principles. 

Features of Global Plastic Water Storage Tank Market

  • Market Size Estimates: Global plastic water storage tank market size estimation in terms of value ($M) shipment.
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Global plastic water storage tank market size by various segments, such as application, end use, process, polymer, size, type, and regions in terms of value.
  • Regional Analysis: Global plastic water storage tank market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different application, end use, process, polymer, size, type, and regions for global Plastic Water Storage Tank market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the global plastic water storage tank market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the plastic water storage tank market size?
Answer: The global plastic water storage tank market is expected to reach an estimated $2.4 billion by 2030.
Q2. What is the growth forecast for plastic water storage tank market?
Answer: The plastic water storage tank market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the plastic water storage tank market?
Answer: The major drivers for this market are growing construction activities and increasing concerns about water conservation.
Q4. What are the major applications or end use industries for plastic water storage tanks?
Answer: Municipal, industrial, commercial, and residential are the major end uses for plastic water storage tanks. 
Q5. What are the emerging trends in plastic water storage tank market?
Answer: An emerging trend, which has a direct impact on the dynamics of the market, includes increasing demand for four layered water storage tanks for protection from bacteria and fungus.
Q6. Who are the key plastic water storage tank companies?
Answer: Some of the key plastic water storage tank companies are as follows:
  • Sintex
  • Niplast
  • Plastic Proget European
  • Enduramaxx
  • Cotteril Civil
  • American Tank
  • Protank
  • Nova Plastic Industry
  • GHP Manufacturing
Q7.Which will be the largest application segment of the plastic water storage tank market in the future?
Answer: The largest application will continue to be plastic tanks for potable water, which is also expected to witness the highest growth over the forecast period due to increasing residential construction and increasing spending on water infrastructure.
Q8: In the plastic water storage tank market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific will remain the largest region. It is also expected to witness the highest growth over the forecast period due to growing population and construction activities in this region.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions

Q1 What are some of the most promising, high-growth opportunities for the global plastic water storage tank market by application (potable water, water conservation, wastewater, industrial wastewater, fire protection, plumbing and engineering solution), end use (residential, industrial, commercial, and municipal), polymer (polyethylene, and PVC, and others), process (fresh and recycled), size (less than 1,000 liters, 1,000 to 5,000 liters, and more than 5,000 liters), type (aboveground and underground), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global plastic water storage tank market?
Q.5 What are the business risks and threats to the global plastic water storage tank market?
Q.6 What are emerging trends in this global plastic water storage tank market and the reasons behind them?
Q.7 What are some changing demands of customers in the global plastic water storage tank market?
Q.8 What are the new developments in the global plastic water storage tank market? Which companies are leading these developments?
Q.9 Who are the major players in the global plastic water storage tank market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the global plastic water storage tank market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the global plastic water storage tank market?

For any questions related to plastic water storage tank market or related to plastic water storage tank market share, plastic water storage tank market analysis, and plastic water storage tank market size, write to Lucintel analysts at
helpdesk@lucintel.com. We will be glad to get back to you soon. 
Table of Contents
 
1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecast
3.2: Global Plastic Water Storage Tank Market Trends and Forecast
3.3: Global Plastic Water Storage Tank Market by Application
3.3.1: Potable Water
3.3.2: Water Conservation
3.3.3: Wastewater
3.3.4: Industrial Wastewater
3.3.5: Fire Protection
3.3.6: Plumbing and Engineering Solutions
3.4: Global Plastic Water Storage Tank Market by Polymer Type
3.4.1: Polyethylene
3.4.2: PVC and Others
3.5: Global Plastic Water Storage Tank Market by Plastic Type
3.5.1: Fresh
3.5.2: Recycled Plastic
3.6: Global Plastic Water Storage Tank Market by Size
3.6.1: Less than 1,000 Liters
3.6.2: 1,000 to 5,000 Liters
3.6.3: 5,000 Liters and More
3.7: Global Plastic Water Storage Tank Market by End Use
3.7.1: Municipal
3.7.2: Industrial
3.7.3: Commercial
3.7.4: Residential
3.8: Global Plastic Water Storage Tank Market by Type
3.8.1: Aboveground
3.8.2: Underground

4. Market Trends and Forecast Analysis by Region
4.1: Global Plastic Water Storage Tank Market by Region
4.2: North American Plastic Water Storage Tank Market
4.2.1: Market by Application: Potable Water, Water Conservation, Wastewater, Industrial Wastewater, Fire Protection, and Plumbing and Engineering Solutions
4.2.2: Market by Polymer Type: Polyethylene, and PVC and Others
4.2.3: Market by Tank Size: Less than 1,000 Liters, 1,000 to 5,000 Liters, and 5,000 Liters and More
4.2.4: Market by End Use: Municipal, Industrial, Commercial, and Residential
4.2.5: Market by Type: Aboveground and Underground
4.2.6: Market by Plastic Type:  Fresh and Recycled
4.3: European Plastic Water Storage Tank Market
4.3.1: Market by Application: Potable Water, Water Conservation, Wastewater, Industrial Wastewater, Fire Protection, and Plumbing and Engineering Solutions
4.3.2: Market by Polymer: Polyethylene, and PVC and Others
4.3.3: Market by Tank Size: Less than 1,000 Liters, 1,000 to 5,000 Liters, 5,000 Liters and More
4.3.4: Market by End Use: Municipal, Industrial, Commercial, and Residential
4.3.5: Market by Type: Aboveground and Underground
4.3.6: Market by Plastic Type:  Fresh and Recycled
4.4: APAC Plastic Water Storage Tank Market
4.4.1: Market by Application: Potable Water, Water Conservation, Wastewater, Industrial Wastewater, Fire Protection, and Plumbing and Engineering Solutions
4.4.2: Market by Polymer: Polyethylene, and PVC and Others
4.4.3: Market by Tank Size: Less than 1,000 Liters, 1,000 to 5,000 Liters, and 5,000 Liters and More
4.4.4: Market by End Use: Municipal, Industrial, Commercial, and Residential
4.4.5: Market by Type: Aboveground and Underground
4.4.6: Market by Plastic Type:  Fresh and Recycled
4.5: ROW Plastic Water Storage Tank Market
4.5.1: Market by Application: Potable Water, Water Conservation, Wastewater, Industrial Wastewater, Fire Protection, and Plumbing and Engineering Solutions
4.5.2: Market by Polymer: Polyethylene, and PVC and Others
4.5.3: Market by Tank Size: Less than 1,000 Liters, 1,000 to 5,000 Liters, and 5,000 Liters and More
4.5.4: Market by End Use: Municipal, Industrial, Commercial, and Residential
4.5.5: Market by Type: Aboveground and Underground
4.5.6: Market by Plastic Type:  Fresh and Recycled

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis

6. Cost Structure Analysis
6.1: Cost of Goods Sold
6.2: SG&A
6.3: EBITDA Margin

7. Growth Opportunities and Strategic Analysis
7.1: Growth Opportunity Analysis
7.1.1: Growth Opportunities for the Global Plastic Water Storage Tank Market by Application
7.1.2: Growth Opportunities for the Global Plastic Water Storage Tank Market by Polymer
7.1.3: Growth Opportunities for the Global Plastic Water Storage Tank Market by Size     
7.1.4: Growth Opportunities for the Global Plastic Water Storage Tank Market by End Use
7.1.5: Growth Opportunities for the Global Plastic Water Storage Tank Market by Type   
7.1.6: Growth Opportunities for the Global Plastic Water Storage Tank Market by Region
7.2: Emerging Trends in the Global Plastic Water Storage Tank Market
7.3: Strategic Analysis
7.3.1: New Product Development
7.3.2: Capacity Expansion of the Global Plastic Water Storage Tank Market
7.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Plastic Water Storage Tank Market
7.3.4: Technological Development

8. Company Profiles of Leading Players
8.1: Sintex Industries Limited
8.2: Niplast Storage Tanks
8.3: Enduramaxx
8.4: Protank
8.5: CST Industries
8.6: Snyder Industries, Inc.
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.