The plastic funnel market value is expected to rise from USD 142 million in 2024 to USD 190 million by 2034. The market is analysed to surge ahead at a CAGR of 2.9% over the next decade.
The plastic funnel market is experiencing a surge due to increased online sales and innovations. Consumers are seeking convenient, water-resistant, and moisture-resistant options, leading to a surge in demand for plastic funnels.
The research sector is enhancing the portion packaging process for vaccines, medications, and chemical products, with the adoption of portion strainers promising future growth. The food and beverage sector is also increasingly using plastic funnels for packaging beverages and liquid supplies due to their adaptability, chemical resistance, and cost-effectiveness.
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The industrial plastic funnel market is expanding due to the increasing demand for customized solutions. Manufacturers are offering customizable solutions to meet end-users specific needs, enhancing operational efficiency and market expansion. The miniaturization trend is driving demand for compact, lightweight malleable funnels that can be easily installed and transported. This trend is particularly strong across sectors requiring efficient, space-saving solutions.
Manufacturers are developing versatile, durable products to cater to various industry needs, enhancing operational convenience and broadening the consumer base. Plastic funnels are crucial as laboratory safety tools for collecting hazardous liquid waste. They are among the best control devices for stopping burnt gases from escaping and leaks from exposed chemical waste tanks.
Key Takeaways from the Plastic Funnel Market Report:
- Throughout history, the plastic funnel industry grew at a CAGR of 2%. From USD 129 million in 2019 to USD 138 million in 2023, the market value increased affectedly.
- According to the type of funnel, the 6 ml to 10 ml capacity funnels are anticipated to take the lead over the projected period. In 2024, the category is predicted to reach a share of 38%.
- In 2024, laboratory applications are expected to command a dominant 45% of the market.
- The plastic funnel industry in Spain is anticipated to see a CAGR of 3.9% from 2024 to 2034.
- The plastic funnel sector in China is projected to showcase a CAGR of 5% through 2034.
- The demand for plastic funnels in India is anticipated to display a CAGR of 6.8% by 2034.
Growing Demand for Moisture and Water-Resistant Products
One of the primary drivers behind the expansion of the plastic funnel market is the rising consumer demand for water-resistant and moisture-resistant products. Plastic funnels offer superior resistance to environmental factors compared to their metal or paper-based counterparts. This makes them particularly suitable for industries such as automotive, chemical processing, food & beverage, and pharmaceuticals, where contamination from moisture can compromise product integrity.
Industrial and Automotive Applications Bolster Long-Term Growth
While plastic funnels are commonly associated with household use, their critical applications in the automotive and industrial sectors cannot be overlooked. In the automotive industry, plastic funnels are used extensively for transferring oils, lubricants, and coolants. Their corrosion-resistant nature and ease of handling make them a preferred choice over metal alternatives.
In industrial operations, particularly in the chemical and manufacturing sectors, plastic funnels provide safety and precision in the transfer of reactive or hazardous materials. Their non-conductive nature adds a layer of safety in operations involving flammable liquids, further underlining their necessity.
Competitive Landscape
The plastic funnel market’s future is uncertain as a result of the packaging industry’s ongoing emphasis on sustainability. Despite the uncertainties, prominent international players with a strong presence and reach are not backing down. The corporations acknowledge the trend in consumer and business preferences toward environmentally friendly solutions.
Recent Industry Developments in Plastic Funnel Market
- In December 2023, First Brands Group LLC based in Rochester, Michigan acquired Hopkins Manufacturing, a top producer of car cleaning supplies, snow and ice tools, fluid management equipment, and towing electrical devices in North America.
- In August 2023, DENIOS-USA introduced the FALCON Funnel Model Full Size, a chemical-resistant polyethylene funnel designed for refilling IBC totes. The model, atop 275 to 330 gallon IBCs, offers a large surface area for material transfer and a drain opening.
Key Players of the Plastic Funnel Industry
- Funnel King
- LSS
- Hopkins Manufacturing Corporation
- Plews & Edelmann
- WirthCo Engineering, Inc.
- Custom-Pak
- Miller Manufacturing Company
- Wavian USA
- Maxcraft
- Performance Tool
Key Segments of the Plastic Funnel Industry
By Material:
Based on the material, the industry is divided into, Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), and other plastics.
By Funnel Type:
In terms of funnel type, the industry is categorized by capacity, up to 2 ml, 3 ml to 5 ml, 6 ml to 10 ml, as well as above 10 ml.
By Applications:
Based on the application of the sector, the demand is categorized into, laboratories, schools, research institutes, and others.
By Region:
As per region, the industry is divided into, North America, Latin America, Europe, Asia-Pacific (including Japan), Middle East, and Africa.
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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.
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