PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346880
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346880
The global rain barrels market size is expected to reach USD 3.51 billion by 2032, according to a new study by Polaris Market Research. The report "Rain Barrels Market Share, Size, Trends, Industry Analysis Report, By Capacity Type (25-75 gallons, 75-125 gallons, 125-175 gallons, above 175 gallons); By Material Type; By Head Type; By Region; Segment Forecast, 2023 - 2032"" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rain barrels are a valuable resource for outdoor water usage, offering a convenient and eco-friendly solution for watering plants, gardens, lawns, and landscapes. In many regions, a significant portion of residential water usage is allocated to outdoor purposes, typically ranging from 30 to 70 percent.
However, it is alarming that approximately 50% of this water goes to waste due to evaporation, or run-off. To address these concerns and meet the demand for sustainable alternatives, rain barrels have emerged as a practical solution. They enable homeowners to capture and store rainwater, which can be used to fulfill outdoor watering needs. The pressing need for water conservation and the growing awareness of these issues have propelled the demand for rain barrels as an effective tool for sustainable outdoor water management. Homeowners are increasingly embracing rain barrels to conserve water resources, reduce reliance on municipal supplies, and contribute to a greener and more sustainable environment.
The City of Rochelle has launched a rain barrel program to encourage its customers to utilize rainwater to irrigate their lawn. The program is funded through storm-water management resources, which provide a subsidy for the cost of the rain barrels. These rain barrels collect rainwater from residential roof-tops through the down-spout system. They are re-purposed shipping barrels that may have slight scuffs or imperfections but are fully functional for rainwater harvesting. It partnered with the Upcycle Products, where customers can conveniently order rain barrels online and have them shipped to their homes. This partnership aims to simplify the purchasing and delivery process for program participants. By promoting the use of rainwater for lawn irrigation, the program raises awareness about the benefits of rainwater harvesting. This creates a demand for rain barrels as essential tools for collecting and storing rainwater.
25-75 segment is anticipated to witness faster growth in the coming years due to convenience for residential use.
Plastic segment is accounted for the larger market share owing to the ease of installation and affordability.
Open Head segment is projected to experience larger revenue share due to the versatile solution for collecting rain water.
APAC projected to register higher growth rate in the study period owing to rising concern on water scarcity.
North America is expected to grow larger revenue share owing to the growing government initiatives to promote water conservation.
The global players include: Rainwater HOG, RTS Home Accents, Good Ideas, Algreen Products, Fiskars, EarthMinded, Emsco, Suncast, Great American Rain Barrel, Rain Reserve & Ivy Rain Barrels.
Polaris Market Research has segmented the rain barrels market report based on capacity type, material type, head type and region: