Fiber Drums Market Size, Share, Trends, Growth and Forecast 2032

Fiber Drums Industry Prospective:

Zion Market Research has published a report on the global Fiber Drums Market, estimating its value at USD 1126.82 Million in 2023, with projections indicating that it will reach USD 1951.13 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.29% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Fiber Drums industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Fiber Drums Market: Overview

Fiber drums are known for their durability, and corrosive resistance properties for food products, warehouse supplies, and other essentials. The impending coronavirus crisis has led a new need to secure essentials for major food chains, and this will likely be a key factor in driving growth of the global fire drums market. Moreover, industries like construction will likely experience a slowdown post the coronavirus crisis. During this slowdown, it will be important for local, and national players to protect their valuables, and store them for long periods to await the revival of the sector. This will likely propel new demand for innovative products like plastic drums, which are ideal for storage of steel supplies among others. These are also protected with easily sealable properties, and are lightweight in nature, which will present cost-effective opportunities for growth for players in the global fibre drums market.

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Global Fiber Drums Market: Segmentation

The study provides a decisive view of the fiber drums marke by segmenting the market based on by closure type, by holding capacity, by end-use industry and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of closure type into metal closure, plastic closure, fiber closure. Among these, the plastic fiber drums are witnessing rising demand in recent times, thanks to their additional benefits. However, the fiber drums have been the source of growth conventionally, and will likely continue demand, thanks to an expected increase in total demand in near future.

By holding capacity segment analysis includes below 25 gallons, 25-50 gallons, 50-75 gallons, above 75 gallons.

By end-use industry into fiber drums, food and agriculture, pharmaceutical, and building and construction, among others.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Fiber Drums Market: Report Scope

Fiber Drums Market: Regional Analysis

The global fibre drums market will cover different regions of the globe including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the region of North America will present major opportunities for growth, thanks to rising food shortages in some region, due to large cases found in some food manufacturing companies. The region has also witnessed major infiltration of new products like plastic drums in sectors like construction, and building. The expected slowdown in the sector will also present new opportunities in the sector in near future.  

Fiber Drums Market: Competitive Players

Some of the major players in the global Fiber drums market are:

• Greif Inc.
• Mauser Group B.V.
• Sonoco Products Company
• SCHÜTZ GmbH & Co. KGaA
• C.L. Smith Company
• Enviro-Pak, Inc.
• T2 Industrial Services, Inc.
• Industrial Container Services (ICS)
• Fibrestar Drums Ltd.
• Nefab Group

The global fiber drums market landscape will remain innovative, and robust in near future. The slowing down of demand in various sectors will create opportunities for innovation, and cost-effective new products. The expansion of new products like plastic drums in new regions like Middle East & Africa, and Latin America will present new opportunities post the covid-19 crisis.

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