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

Fiber Drums Market

Fiber Drums Market- By Closure Type(Metal Closure, Plastic Closure and Fiber Closure), By Holding Capacity (Below 25 Gallons, 25-50 Gallons, 50-75 Gallons and Above 75 Gallons), By End-use Industry (Fiber Drums Consumption, Food And Agro-allied, Pharmaceutical, Building And Construction, Others) and By Region- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024–2032

Category: Packaging Report Format : PDF Pages: 110 Report Code: ZMR-4174 Published Date: Sep-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 1126.82 Million USD 1951.13 Million 6.29% 2023

Global Fiber Drums Market Insights

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.

Global Fiber Drums Market SizeRequest Free Sample

Fiber Drums Market: Key Trends

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.

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

Report Attributes Report Details
Report Name Fiber Drums Market
Market Size in 2023 USD 1126.82 Million
Market Forecast in 2032 USD 1951.13 Million
Growth Rate CAGR of 6.29%
Number of Pages 110
Key Companies Covered 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.
Segments Covered By Closure Type, By Holding Capacity, By End-Use Industry And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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.  

Global Fiber Drums Market: Competitive Players

  • 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

Fiber Drums Market: Competitive Analysis

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.

Global Fiber Drums Market: Segmentation

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

Table Of Content

Methodology

FrequentlyAsked Questions

The Fiber Drums Market was valued at USD 1126.82 Million in 2023.

The Fiber Drums Market is expected to reach USD 1951.13 Million by 2032, growing at a CAGR of of 6.29% between 2024 to 2032.

Global Fiber Drums Market players such as 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.

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.

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

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