Fiber Drum Market Size, Growth, Future scope, Analysis, Business Development and CAGR to 2025

Fiber Drum Market Size Overview

Market Research Future (MRFR), in its newly published research report, states that the global Fiber Drum Market Size 2020 is thriving and slated to grow exponentially over the review period, recording a considerable market valuation from USD 800 billion recorded in 2018, at a moderate 5.8% CAGR in the forecast period.

Fiber Drums Market has observed substantial growth in the past few years. Fiber Drums are cardboard-based drums used for transport and storage of material. They are accessible in a variety of sizes. The demand for cardboard barrel is growing as it is lightweight and long-lasting and can be easily opened. Fiber drums are recyclable, which has further augmented their market demand.

Key Players

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).

Regional Analysis

Asia-Pacific is estimated to be the fastest-growing region in the Fiber Drum Market Size during the forecast period: MRFR

By region, the global Fiber Drum Market Size 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 Size. 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.

Scope of the Report

This study provides an overview of the global Fiber Drum Market Size, 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 Size 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

Browse Full Report With TOC @ https://www.marketresearchfuture.com/reports/fiber-drum-market-8532