Abstract: An insulative sleeve for encasing a bucket/pail is disclosed. The sleeve, made of a flexible absorbent foam, conforms to the general shape of the bucket/pail and is used to prevent or limit the formation of condensation on the outer surface. The sleeve also provides insulation for the beverage ice bath retained within the bucket/pail. The sleeve may slip on to the bucket or open edges in the sleeve sidewall may allow the sleeve to wrap the bucket and be closed using mechanisms such as hook-and-loop material, zipper, hook fasteners or the like.