Global Fiber Drums Market By Closure (Metal Closure, Plastic Closure, Fiber/Cardboard Closure), Capacity (Up to 25 Gallons, 26–50 Gallons, 51–75 Gallons, Above 75 Gallons), End-Use Industry (Chemical, Food & Beverage, Pharmaceuticals, Building and Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Fiber Drums Market
Fiber drums market will reach at an estimated value of USD 1,176.89 Million and grow at a CAGR of 7.20% for the forecast period of 2021 to 2028. Fiber drums market report analyses the growth, which is currently being growing due to rising retail sector and rise in intercontinental trade.
Fiber drums are used for shipping and storing a large variety of products which includes dye and colorants, adhesives, food products and flavorings, rolled sheet material as well as numerous chemicals. It is very a cost-effective alternative to more expensive steel and plastic drums. These drums are also recyclable and eco-friendly in nature.
Portability and ease of handling is the major factor escalating the market growth, also rise in intercontinental trade and rising adoption of fiber drums as a packaging solution for dry chemicals are the major factors among others driving the growth of fiber drums market. Moreover, increased beneficial properties of fiber drums and continuous research and development activities will further create new opportunities for the fiber drums market in the in the forecast period of 2020- 2027.
However, lack of agility in industrial packaging manufacturers is the vital factor among others acting as a restraint and will further challenge the growth of fiber drums market.
This fiber drums market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fiber drums market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fiber Drums Market Scope and Market Size
Fiber drums market is segmented on the basis of closure, capacity and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of closure, the fiber drums market is segmented into metal closure, plastic closure and fiber/cardboard closure.
- Based on capacity, the fiber drums market is segmented into Up to 25 gallons, 26–50 gallons, 51–75 gallons and above 75 gallons.
- The fiber drums market is also segmented on the basis of end-use industry into chemical, food & beverage, pharmaceuticals, building and construction and others
Fiber Drums Market Country Level Analysis
Fiber drums market is analysed and market size, volume information is provided by country, closure, capacity and end-use industry as referenced above.
The countries covered in the fiber drums market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates fiber drums market due to vital infiltration of new products like plastic drums in sectors such as construction, and building and increasing food shortages due to large cases found in some food manufacturing companies in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fiber Drums Market Share Analysis
Fiber drums market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fiber drums market.
The major players covered in the fiber drums market report are CL Smith, Enviro-Pak, Inc., Fibre Drums, GREAT WESTERN CONTAINERS INC., Greif., Industrial Container Services, Milford Barrel., Orlando Drum, Patrick Kelly Drums, Schütz GmbH & Co. KGaA., Sonoco Products Company, The Cary Company., TPL Plastech Limited, Balmer Lawrie & Co. Ltd, FDL Packaging Group, Fibre Drums among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-