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Fiber Drum Market Research Report Outlook And Global Forecast 2025

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Shweta Raj
Fiber Drum Market Research Report Outlook And Global Forecast 2025

The Global Fiber Drum Market size was valued at USD 800 Billion in 2018, which is expected to witness 5.8% CAGR during the forecast period. Global Fiber Drum Market Research Report: 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

Overview

Fiber Drums Market has witnessed substantial growth in the past couple of years. Fiber Drums are cardboard-based drums used for transportation and storage of material. They are available in a variety of sizes. The demand for cardboard barrel is increasing as it is lightweight and durable and can be easily opened. Fiber drums are recyclable, which has further increased their market demand. In the last few years, there has been a rise in the need for fiber drums that are widely used for the storage and transportation of chemicals & fertilizers, food, agricultural products, plastics, and other products. 

The Global Fiber Drum Market size was valued at USD 800 Billion in 2018, which is expected to witness 5.8% CAGR during the forecast period.

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Segmentation:

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. Due to higher strength and durability, 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. This growth can be attributed to the increasing use of fiber drums included under this segment in the food & beverage industry.

Regional Analysis:

The Global Fiber Drum Market has been segmented into five regions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. In 2018, the market in Asia-Pacific was the largest market for cardboard drums, followed by North America and Europe.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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