Summary
Fiber Drums Market Trends Information by Closure (Metal Closure, Plastic Closure and Fiber/Cardboard Closure), Capacity (Up to 25 Gallons, 26-50 Gallons, 51-75 Gallons and Above 75 Gallons), End-Use Industry (Chemical, Food & Beverage, Pharmaceuticals, Building and Construction and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025
Fiber Drums Market Trends Overview
The global market for fiber drum has been witnessing substantial growth in the past few years. The higher demand attributed to rising industrialization and urbanization. The booming retail sector has further fueled the market demand. The fiber drums are widely used for the storage and transportation of chemicals & fertilizers, food, agricultural products, plastics, and other products.
The global Fiber Drums Market Trends is segmented by capacity as up to 25 gallons, 26-50 gallons, 51-75 gallons, and above 75 gallons. The 51-75 gallons segment held the largest market share of the global Fiber Drums Market Trends in 2018; it is expected to have the highest growth during the forecast period.
The Global Fiber Drums Market Trends size was valued at USD 800 Million in 2018, which is expected to witness 5.8% CAGR during the forecast period.
Regional Analysis
Asia-Pacific is estimated to be the fastest-growing region in the Fiber Drums Market Trends during the forecast period: MRFR
By region, the global Fiber Drums Market Trends is segmented as North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific is likely to hold the largest market share and, in terms of value, is expected to be the fastest-growing region in the Fiber Drums Market Trends. This is due to the increasing number of fiber drum manufacturing units in countries such as China, India, Australia, and Indonesia in the region. Furthermore, these countries are some of the world’s largest exporters of packaging materials. Because of the low labor costs and the availability of domestic raw materials, manufacturers prefer to set up production units for the packaging industry in Asia-Pacific. China dominated in terms of market share in 2018, which will continue to dominate the regional market until the end of 2025. The rapid growth of the chemical industry in China has further boosted the demand for fiber drums in China.
North America is likely to hold the second-largest share of the Fiber Drums Market Trends, owing to the growing food & beverage industry in the region. The fiber drum also has applications in the food & beverage industry. The US is estimated to dominate the Fiber Drums Market Trends in the region, owing to the increasing demand for fiber drums in the food & beverage industry.
Due to the increasing use of fiber drums in the food & beverage and pharmaceutical industries, the Fiber Drums Market Trends in Europe is expected to grow significantly in the coming years. Italy and Germany collectively hold a significant share of the Fiber Drums Market Trends. South America and the Middle East & Africa are likely to grow with stagnant rate during the forecast period.
Key Players
The Prominent Players operating in the Global Fiber Drums Market Trends include
Greif (US)
CL Smith (US)
Fibrestar Drums (UK)
Schutz Container Systems (US)
Mauser Group (US)
TPL Plastech (India)
Industrial Container Services (ICS) (Florida)
Three Rivers Packaging (US)
Sonoco Product (US)
Enviro-Pak (US)
Orlando Drum & Container (US)
Great Western Container (Canada).
Scope of the Report
This study provides an overview of the global Fiber Drums Market Trends, tracking two market segments across five geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Fiber Drums Market Trends by type, end-use industry, and region.
By Type
Metal Closure
Plastic Closure
Fiber/Cardboard Closure
By Capacity
Up to 25 Gallons
26-50 Gallons
51-75 Gallons
Above 75 Gallons
By End-Use Industry
Chemical
Food & Beverage
Pharmaceuticals
Building and Construction
Others
By Region
North America
Asia-Pacific
Europe
South America
Middle East & Africa
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Of course, the drums are available in various volumes and sizes.
Availability of headroom to stock items is crucial.
You can use up the entire space of the drum and not leave a corner empty.
The convenience of storing items up to the brim makes square fiber drums a big hit in the packaging industry.
You do save big money and provide cost-conscious, yet effective delivery.
While paper drums continue to top the list in the global packaging industry, the demand for square fiber drums is catching up.
The Plastic Drums Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global plastic drums market are AST Plastic Containers, CL Smith Company, CurTec Holdings B.V., GREAT WESTERN CONTAINERS INC., Greif Packaging LLC, Industrial Container Services, Industrial Packaging Limited, Interplastica, KODAMA PLASTICS Co., Ltd., Mauser Packaging Solutions, RPC Group Plc, Schutz Container Systems, TPL Plastech Ltd., U.S. Coexcell Inc., Vallero International S.r.l., and others.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Plastic Drums Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/plastic-drums-market/download-sampleMarket DynamicsThe rising demand for plastic drums from chemicals & pharmaceutical industries owing to its use in shipping and storing of fluids is propelling the market growth.
Moreover, their unreactive nature with chemicals and other lubricants which are present in plastic drums is further increasing the market value.
On the downside, environmental concerns regarding the use of plastics could challenge the market demand.
