In accordance with this study, the Global Plastic Drums Market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2026 with a CAGR of XX% during the period of 2020-2026.
Plastic drums are rigid or semi-rigid cylindrical containers which are generally used for shipping and storage of liquid items. Plastic drums are lighter in weight than metal drums & can be kept in open conditions without the risk of rusting. As these drums are resistant to inert low pH levels, can be used for storing hazardous chemicals and goods.
The rising demand for plastic drums from chemicals & pharmaceutical industries owing to its use in shipping and storing of fluids is propelling the market growth. Moreover, their unreactive nature with chemicals and other lubricants which are present in plastic drums is further increasing the market value. On the downside, environmental concerns regarding the use of plastics could challenge the market demand.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of plastic drums.
The study offers a decisive view of the global plastic drums market by segmenting it in terms of capacity, product type, and end-use. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Product Type
- 35 Gallon
- 35-60 Gallon
- 60 Gallon & above
- Open Head Drums
- Tight Head Drums
- Food & Beverage
- Chemicals & Fertilizers
- Building & Construction
- Paints & Lubricants
This section covers plastic drums market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global plastic drums market along with the individual application segment across all the prominent region.
Global Plastic Drums Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global plastic drums market are AST Plastic Containers, CL Smith Company, CurTec Holdings B.V., GREAT WESTERN CONTAINERS INC., Greif Packaging LLC, Industrial Container Services, Industrial Packaging Limited, Interplastica, KODAMA PLASTICS Co., Ltd., Mauser Packaging Solutions, RPC Group Plc, Schutz Container Systems, TPL Plastech Ltd., U.S. Coexcell Inc., Vallero International S.r.l., and others. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.