Product ID: SQMIG15G2089
Global Fiber Drum Market Size, Share, Growth Analysis, By Closure Type(Metal Closure, Plastic Closure), By Capacity(Up to 25 Gallons, 26-50 Gallons), By End-use Industry(Chemicals, Food & Agriculture) - Industry Forecast 2024-2031
Report ID:
SQMIG15G2089 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
93 |
Figures:
71
Global Fiber Drum Market Insights
Global Fiber Drum Market size was valued at USD 1.1 billion in 2022 and is poised to grow from USD 1.19 billion in 2023 to USD 2.33 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).
Fiber drums are extensively utilized in the packaging and transport of food, agricultural, pharmaceutical, and chemical products owing to their high durability. Fiber drums/barrels are preferred for their excellent corrosion resistance and affordable nature as compared to other drums made from metals or other types of materials. Growing demand for lightweight bulk packaging solutions to improve the handleability of products and reduce emissions caused during their transportation. Shipping charges are usually calculated by weight and the lightweight nature of these drums allows companies to reduce their shipping costs and improve profit margins as well. Liquid products are extensively transported using fiber drums as they are capable of avoiding spillage or leakage that could cause losses and damage during transportation.
Increasing focus on sustainability has led to the rising use of eco-friendly materials in the manufacturing of fiber drums. Expanding international trade volumes, increasing transcontinental commerce activity, and high demand for sustainable bulk packaging solutions are estimated to be key factors that could augment fiber drum market growth in the long run.
To get more reports on the above market click here to Buy The Report
Global Fiber Drum Market Segmental Analysis
The global fiber drum market is segmented based on closure type, capacity, end-use industry, and region. Based on closure type, the market is bifurcated into metal closure, plastic closure, and fiber/cardboard closure. In terms of capacity, the market is segmented into up to 25 gallons, 26-50 gallons, 51-75 gallons, and above 75 gallons. Based on the end-use industry, the market is segmented into chemicals, food & agriculture, pharmaceuticals, building & construction, and others. On a regional level, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Closure Type
Metal closure accounts for the dominant share of the global fiber drum market owing to its ability to reinforce the structural integrity of fiber drums. The top and bottom parts of the drum are secured by metal closures, which also improve the impact resistance and resilience of drums. Metal closures also facilitate the easy opening and closing of drums, which further adds to the convenience of users and companies alike. However, metal-closure fiber drums are more expensive when compared to drums with fiber or plastic closures.
Demand for fiber drums with plastic closure is increasing at a rapid pace. The inexpensive nature of plastic and its high flexibility are key factors that are promoting the sales of plastic closure fiber drums across the world. Growing focus on maximizing profit margins and reducing overall packaging and transportation costs is promoting the growth of this segment. However, a ban on the use of plastics is a challenge that will limit the growth potential for this segment going forward.
Analysis by End-use Industry
The food and agricultural industry are predicted to lead the demand for fiber drums across the forecast period. Growing demand for food products and commodities to feed the rapidly expanding global population is contributing to the high market share of this industry. Growing demand for sustainable and lightweight packaging solutions in the food & agricultural industry is also slated to benefit growth in this segment over the coming years.
Increasing chemical manufacturing activity around the world is making the chemical industry a leading end-user of fiber drums. This segment is projected to expand at the fastest pace of all industries over the coming years. Chemical companies are always looking for highly efficient yet secure packaging solutions to improve their profitability and securely transport their product as well.
To get detailed analysis on other segments, Request For Free Sample Report
Global Fiber Drum Market Regional Insights
The Asia Pacific region is estimated to account for a prominent share of global fiber drum demand owing to robust international trade activity in this region. Rapidly expanding pharmaceutical and chemical manufacturing industries in this region are also offering attractive growth opportunities for fiber drum manufacturers in this region. An increasing population base in countries such as China and India are also estimated to contribute to the rising fiber drum demand in the Asia Pacific region going forward.
The presence of key chemical manufacturing companies in the North American region allows it to account for a significant share of the global marketplace. High demand for a proper packaging medium to transport chemicals in this region by companies such as Dow, DuPont, PPG Industries, etc. is also slated to uplift sales of fiber drums in the future. The United States and Canada are estimated to emerge as the leading countries in this region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Fiber Drum Market Dynamics
Drivers
High Demand for Lightweight Bulk Packaging
- Companies from different industries are continually looking for lightweight bulk packaging solutions that allow them to reduce their costs and boost profits, which is predicted to uplift demand for fiber drums in the long run.
Restraints
Handling Concerns
- Picking up and transporting fiber drums of large volume can be difficult due to the flexible walls of these drums. This reduces the agility of logistics operations and could also result in the damage of fiber drums if concerned people do not take precautionary actions.
Request Free Customization of this report to help us to meet your business objectives.
Global Fiber Drum Market Competitive Landscape
Companies are continually focusing on incorporating sustainable and eco-friendly materials to meet the changing packaging requirements around the world. Fiber drum manufacturers are also focusing on collaborating with different companies from various industry verticals to create customized fiber drums that fit the specific requirements of their products. Fiber drum market players are also forecasted to focus on the development of customized fiber drums to maximize their sales potential. Fiber drum vendors can also merge or acquire local companies to improve their business reach and enhance their global market share.
Top Player’s Company Profiles
- Sonoco Products Company
- Orlando Drum & Container Corporation
- C.L Smith Company
- Great Western Containers Inc.
- Enviro-Pak Inc.
- Fiber Drum Company
- Patrick J. Kelly Drums
- Schutz Container Systems Inc.
- Grief Inc.
- Fiberstar Drums Limited
- Three Rivers Packaging Inc.
- Mauser Group N.V.
- Industrial Container Services Inc.
- Berlin Packaging
- Milford Barrel Co Inc.
Recent Developments
- In May 2022, Carré Karton, a Netherlands-based supplier of fiber drums, announced the launch of a new all-fiber drum. The product was suitable for use in food, pharmaceuticals, and chemical industries.
Global Fiber Drum Key Market Trends
- Focus on Reducing Shipping Costs: Companies around the world are looking for ways to maximize their profits and reduce operational costs and this is where lightweight packaging options such as fiber drums shine. An increasing number of companies opting for fiber drums to improve their profit margins are estimated to create new opportunities for fiber drum suppliers in the future.
Global Fiber Drum Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing demand for lightweight bulk packaging solutions is slated to primarily bolster fiber drum market growth over the coming years. Growing international trade, rapidly expanding transcontinental commerce activity, and expanding world population are other factors that are estimated to uplift fiber drum sales going forward. However, the issues with the handleability of fiber drums in different lifting applications are projected to hinder fiber drum market development across the forecast period. Surging demand for eco-friendly packaging solutions around the world is creating new opportunities for fiber drum vendors over the coming years. The Asia Pacific region accounts for a dominant share of the global zzz market owing to growing demand for lightweight packaging from different industry verticals.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.1 billion |
| Market size value in 2031 | USD 2.33 billion |
| Growth Rate | 7.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Fiber Drum Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Fiber Drum Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Fiber Drum Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fiber Drum Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fiber Drum Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Fiber Drum Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Fiber Drum Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
