Fiber Drum Market Growth,, 5.8% CAGR, Statistics, Research Report and Industry Forecast By 2025 | Global Fiber Drum Market 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 Drum Market 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 Drum Market has been segmented based on closure type, capacity, end-use industry, and region. The global fiber drum market is segmented by closure type as metal closure, plastic closure, and fiber/cardboard closure. The metal closure segment held the largest market share of the global fiber drum market in 2018; it is expected to have the highest growth during the forecast period. The global fiber drum market 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 drum market in 2018; it is expected to have the highest growth during the forecast period. By end-use industry, the global fiber drum market is segmented as chemical industry, food and beverages, pharmaceuticals, building and construction, and others.
The Global Fiber Drum Market size was valued at USD 800 Million in 2018, which is expected to witness 5.8% CAGR during the forecast period.
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The Prominent Players operating in the Global Fiber Drum Industry include
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)
Orlando Drum & Container (US)
Great Western Container (Canada).
Asia-Pacific is estimated to be the fastest-growing region in the fiber drum market during the forecast period: MRFR
By region, the global fiber drum market 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 drum market. 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.
North America is likely to hold the second-largest share of the fiber drum market, 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 drum market 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 drum market in Europe is expected to grow significantly in the coming years. Italy and Germany collectively hold a significant share of the fiber drum market. South America and the Middle East & Africa are likely to grow with stagnant rate during the forecast period.
Scope of the Report
This study provides an overview of the global fiber drum market, 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 drum market by type, end-use industry, and region.
Up to 25 Gallons
Above 75 Gallons
By End-Use Industry
Food & Beverage
Building and Construction
Middle East & Africa
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