Global Fiber Drums Market to Grow at a CAGR of 5.9% to 2030: Fueled by Increasing Adoption in Pharmaceutical and Petrochemical Sectors

DUBLIN, Aug. 11, 2023 /PRNewswire/ -- The "Fiber Drums: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Fiber Drums estimated at US$681.2 Million in the year 2022, is projected to reach a revised size of US$1.1 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.

Below 25 Gallons, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$126.8 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the 25-50 Gallons segment is readjusted to a revised 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $183.5 Million, While China is Forecast to Grow at 8% CAGR

The Fiber Drums market in the U.S. is estimated at US$183.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$187.5 Million by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 5.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$121.3 Million by the year 2030.

Select Competitors (Total 46 Featured) -

• CL Smith
• Enviro-Pak, Inc.
• FDL Packaging Group
• Fiber Drum Company
• Fiberstar Drums Ltd.
• Great Western Containers Inc.
• Greif, Inc.
• Mauser Packaging Solutions
• Milford Barrel Co. Inc.
• Orlando Drum & Container Corporation
• Patrick J. Kelly Drums, Inc.
• The Cary Company

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
• As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Fiber Drums Market Faces the Music with Knock-on Effect of COVID-19 Pandemic
• Pandemic Impact on the Packaging Industry, One of the Key End-Uses of Fiber Drums
• Fiber Drums - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• An Introduction to Drums and Fiber Drums
• Benefits of Fiber Drums
• Applications
• Regulations
• Global Fiber Drums Market Marches Ahead to Rhythmic Drumbeat: Market Prospects & Outlook
• Growth Drivers and Restraints
• Segmental Analysis
• World Fiber Drums Market by Capacity (2021 & 2027): Percentage Breakdown of Sales for Below 25 Gallons, 25-50 Gallons, 50-75 Gallons, and Above 75 Gallons
• World Fiber Drums Market by Closure Type (2021 & 2027): Percentage Breakdown of Sales for Metal Closure, Fiber Closure, Plastic Closure, and Other Closure Types
• World Fiber Drums Market by Application (2021 & 2027): Percentage Breakdown of Sales for Chemical, Food & Beverage, Pharma / Cosmetic, Petrochemical / Lubricant, and Other Applications
• Regional Analysis
• World Fiber Drums Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
• World Fiber Drums Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
• Competitive Scenario
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Fiber Drums Offer Innumerable Benefits for Businesses
• Factors Influencing Packaging Industry & Implications for Fiber Drums
• Fiber Drums to Change Protective Packaging Game with Versatility & Protective Storage Advantages
• Dumping System for Fiberboard Drums
• Environmental Benefit of Using Fiber Products
• Rise of E-Commerce & Packaging Demand: The Power of Two for Fiber Drums
• Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
• Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
• Leading Retail E-Commerce Countries Worldwide: Ranked by Sales in $ Billion for 2019E
• Favorable Demographics Strengthen Market Prospects
• World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
• Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
• Urban Sprawl Encourages a Positive Tide
• World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
• Sustained Demand for Food and Beverages Leading to Increased Farm Productivity Instigates Robust Demand
• Global Food Scenario: Key Facts
• Global Crop Production by Crop Type (in Million Metric Tons): 2017-2020
• Food Demand Worldwide: Demand Growth in Million Tonnes for Cereals and Sugar in Select Regions for the Period 2008-2017 and 2018-2027
• Manufacturing Sector to Remain an Important Consumer: Fiber Drums offer Protection to Products
• Established Use Case in Chemicals and Petrochemicals Sector Augurs Well
• Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021
• Pharmaceutical Industry: A Promising Application for Fiber Drum Packaging
• Increasing Healthcare Expenditure to Foster Market Growth
• World Healthcare Expenditure (In US$ Billion) for the Years 2017, 2019, 2021 & 2023
• Per Capita Healthcare Expenditure (in $) by Select Countries for 2018
• Strong Rise in Pharmaceutical Sales to Drive Demand for Fiber Drums in Packaging
• Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
• Rapid Growth of Generic Drugs to Drive Demand
• Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2022 & 2025
• Increasing Sales of OTC Drugs Presents Opportunity for Pharma Packaging Makers
• Global OTC Drugs Market Breakdown by Product (in %): 2020E
• Contract Packaging Trend Augurs Well for Fiber Drums Used in Pharma Packaging

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/u3tzka

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