Global Fiber Drums Market To Boost And Reach US$ 665 Million By 2025 - ZMR

Share this news:

Fiber drums are generally referred to as cardboard drums. The main features of these products include its lightweight and durability. The product can be opened with ease and has an effective sealing.

Out of the US$ 665 million revenue of the global fire drums market predicted by Zion Market Research, over US$ 190 million is predicted to be contributed by the US alone. The global fiber drums market is projected to develop with a CAGR of 6.7% by the end of 2025.

The key players in the fiber drums market are Industrial Container Services, Mauser Group B.V., Grief Inc., TPL Plastech Ltd., C.L.Smith, Three Rivers Packaging Inc., Enviro-Pak Inc., Milford Barrel Co. Inc., Fibrestar Drums Limited, Great Western Containers, Sonoco Product Company, and Patrick J. Kelly Drums, Inc.

Increasing Inclination For Lightweight Bulk Containers To Boost The Growth Of The Global Market

Some of the major factors boosting the development of the global fiber drums market are the increasing retail industry and the rising inclination for lightweight bulk containers. The main benefit of employing fiber drums is that they are fully recyclable. Most of these goods are employed for storage of liquid products and transportation and can be lined with different insoluble materials or coatings such as polyethylene, silicon, or polyester. The fiber drum’s performance is confirmed by two basic tests—compression test or stacking and drop test in order to verify the quality.

Get Free Sample Report PDF @ https://www.zionmarketresearch.com/sample/fiber-drums-market

Ease Of Handling And Portability To Contribute To The Growth Of Global Market

Fiber drums can be customized easily and their broad range allows simple adoption with maritime trucks and containers. Ease of handling and portability are the two major factors that are favored by the packaging and logistics solution-oriented sectors. The lightweight of the drum makes it perfect for the storage and transportation of hazardous materials. These factors are adding to the development of the market all over the world. In addition to this, the elevation in intercontinental trade and increasing retail industry are towering the global fiber drums market.

China To Lead The Global Market In The Years To Come

China has shown an imposing development in the manufacturing of fiber drums. China towers over other nations such as Singapore and Malaysia in terms of value. The increasing distress for sophisticated packaging solutions for the products by renowned and local players has translated into enhanced quality of fiber drums. Hence, the outlook for the global market of fiber drums is projected to be towering in the years to come.

The global fiber drums market is segmented as follows:

By closure type

Metal closure
Plastic closure
Fiber closure

By holding capacity

below 25 gallons
25-50 gallons
50-75 gallons
above 75 gallons

By end-use industry

Fiber drums consumption
Food and agro-allied
Pharmaceutical
Building and construction
Others

By Region

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/fiber-drums-market

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Info:
Name: Joel John
Email: Send Email
Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202
Phone: +1-855-465-465
Website: https://www.zionmarketresearch.com/

Release ID: 88983047

CONTACT ISSUER
Name: Joel John
Email: Send Email
Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202
SUBSCRIBE FOR MORE