Product Code: ETC340409 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippine plastic water storage tank market is estimated to be worth around USD 4. 5 million in 2025 and is expected to grow at a CAGR of 6. 7% during the forecast period. The major factors driving the growth of this market are increasing demand for potable water, rising population, industrialization and urbanization activities as well as growing awareness about health & wellness among consumers. Moreover, rising consumption of packaged drinking water has also fuelled the demand for plastic tanks in recent years.
The Philippines plastic water storage tank market is poised for significant growth in the coming years. The increasing demand for reliable and durable water storage solutions, particularly in areas with water scarcity or inconsistent supply, is a major driver for this market. Additionally, the growing construction and residential sectors are creating a need for efficient water management systems, further fueling the demand for plastic water storage tanks. The lightweight and corrosion-resistant nature of plastic tanks, coupled with their affordability, makes them a preferred choice for many consumers and businesses. As the government and private sector continue to invest in infrastructure development and urbanization projects, the market for plastic water storage tanks is expected to experience steady growth.
The Philippines plastic water storage tank market faces several challenges that impact its outlook. One significant challenge is the competition from alternative storage solutions such as concrete tanks and stainless steel tanks. These alternatives are perceived to be more durable and long-lasting, posing a challenge to the demand for plastic water storage tanks. Additionally, concerns about the environmental impact of plastic waste and the need for sustainable water storage solutions can lead to consumer reluctance in adopting plastic tanks. Regulations and policies aimed at reducing single-use plastics further add to the challenge by affecting the manufacturing and usage of plastic water storage tanks. To stay competitive, manufacturers in this market need to focus on improving the quality, durability, and eco-friendliness of their products while navigating changing consumer preferences and regulatory landscapes.
The Philippines plastic water storage tank market has witnessed significant growth over the years, driven by factors such as increasing urbanization, population growth, and the need for reliable water storage solutions. These plastic tanks offer advantages like cost-effectiveness, durability, and easy installation. However, the market experienced disruptions due to the COVID-19 pandemic. Lockdowns and supply chain challenges led to temporary setbacks in production and distribution. As the situation improves, the market is expected to recover, driven by the continued demand for water storage solutions across residential, commercial, and industrial sectors.
The Philippines plastic water storage tank market is projected to experience steady growth over the coming years. The increasing demand for reliable and cost-effective water storage solutions, particularly in regions with erratic water supply, is driving the market. Key players in this market include ABC Plastics, Aqua Tech Philippines, Inc., and Water Plus Solutions. These companies offer a range of plastic water storage tanks with different capacities and features to cater to diverse customer needs. As urbanization and infrastructure development continue in the Philippines, the plastic water storage tank market is expected to witness sustained demand.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Plastic Water Storage Tank Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Plastic Water Storage Tank Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Plastic Water Storage Tank Market - Industry Life Cycle |
3.4 Philippines Plastic Water Storage Tank Market - Porter's Five Forces |
3.5 Philippines Plastic Water Storage Tank Market Revenues & Volume Share, By Polymer Used, 2021 & 2031F |
3.6 Philippines Plastic Water Storage Tank Market Revenues & Volume Share, By Type Of Plastic, 2021 & 2031F |
3.7 Philippines Plastic Water Storage Tank Market Revenues & Volume Share, By Shape, 2021 & 2031F |
3.8 Philippines Plastic Water Storage Tank Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.9 Philippines Plastic Water Storage Tank Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Plastic Water Storage Tank Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing urbanization and increasing population leading to higher demand for water storage solutions. |
4.2.2 Government initiatives promoting the use of plastic water storage tanks for rainwater harvesting and water conservation. |
4.2.3 Rising awareness about the importance of clean water storage and sanitation among households and commercial establishments. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the manufacturing of plastic water storage tanks. |
4.3.2 Competition from alternative water storage solutions such as concrete tanks or steel tanks. |
4.3.3 Environmental concerns related to the disposal and recycling of plastic water storage tanks. |
5 Philippines Plastic Water Storage Tank Market Trends |
6 Philippines Plastic Water Storage Tank Market, By Types |
6.1 Philippines Plastic Water Storage Tank Market, By Polymer Used |
6.1.1 Overview and Analysis |
6.1.2 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Polymer Used, 2021-2031F |
6.1.3 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Polyethylene, 2021-2031F |
6.1.4 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Fiber Glass , 2021-2031F |
6.1.5 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Plastic Water Storage Tank Market, By Type Of Plastic |
6.2.1 Overview and Analysis |
6.2.2 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Virgin, 2021-2031F |
6.2.3 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Recycle, 2021-2031F |
6.3 Philippines Plastic Water Storage Tank Market, By Shape |
6.3.1 Overview and Analysis |
6.3.2 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Cylindrical, 2021-2031F |
6.3.3 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Rectangular, 2021-2031F |
6.3.4 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Other, 2021-2031F |
6.4 Philippines Plastic Water Storage Tank Market, By Size |
6.4.1 Overview and Analysis |
6.4.2 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Small (<1000 Ltr), 2021-2031F |
6.4.3 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Medium (1000 ?? 5000 Ltr), 2021-2031F |
6.4.4 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Large (5000+ Ltrs), 2021-2031F |
6.5 Philippines Plastic Water Storage Tank Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Domestic, 2021-2031F |
6.5.3 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Commercial, 2021-2031F |
6.5.4 Philippines Plastic Water Storage Tank Market Revenues & Volume, By Industrial, 2021-2031F |
7 Philippines Plastic Water Storage Tank Market Import-Export Trade Statistics |
7.1 Philippines Plastic Water Storage Tank Market Export to Major Countries |
7.2 Philippines Plastic Water Storage Tank Market Imports from Major Countries |
8 Philippines Plastic Water Storage Tank Market Key Performance Indicators |
8.1 Average annual growth rate of households with plastic water storage tanks. |
8.2 Number of government projects incorporating plastic water storage tanks. |
8.3 Percentage increase in demand for plastic water storage tanks in rural areas. |
9 Philippines Plastic Water Storage Tank Market - Opportunity Assessment |
9.1 Philippines Plastic Water Storage Tank Market Opportunity Assessment, By Polymer Used, 2021 & 2031F |
9.2 Philippines Plastic Water Storage Tank Market Opportunity Assessment, By Type Of Plastic, 2021 & 2031F |
9.3 Philippines Plastic Water Storage Tank Market Opportunity Assessment, By Shape, 2021 & 2031F |
9.4 Philippines Plastic Water Storage Tank Market Opportunity Assessment, By Size, 2021 & 2031F |
9.5 Philippines Plastic Water Storage Tank Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Plastic Water Storage Tank Market - Competitive Landscape |
10.1 Philippines Plastic Water Storage Tank Market Revenue Share, By Companies, 2024 |
10.2 Philippines Plastic Water Storage Tank Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |