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Fiber Drums - Global Market Trajectory & Analytics

  • ID: 1227780
  • Report
  • February 2022
  • Region: Global
  • 469 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • CL Smith
  • Enviro-Pak, Inc.
  • FDL Packaging Group
  • Fiber Drum Company
  • Fiberstar Drums Ltd.
  • Greif, Inc.

Global Fiber Drums Market to Reach US$849.9 Million by the Year 2026


Fiber drums are containers intended to store and ship diverse products such as food items, colorants, dyes, adhesives, rolling sheets, and hazardous chemicals. These drums score higher over plastic and steel drums in terms of corrosion resistance owing to the use of paper-based inner coating that is covered with poly or foil lining. Fiber drums feature fiberboard lids rather than plastic and metal rings for notably minimizing the chances of product contamination. Growth in the global market is attributed to confluence of various favorable factors like rising uptake across end-use industries, expansion of the retail sector, new avenues in emerging economies and product innovations. The market growth is favored by increasing output of hazardous chemicals that are required to be transported to different countries. Manufacturers of fiber drums are leveraging advanced techniques to ensure external or internal liners that improve performance and resistance of these containers to make them attractive for different applications, including storage and transport of chemicals, dyes and adhesives. These drums are anticipated to gain from considerable growth of the e-commerce segment and increasing intercontinental trade.

Amid the COVID-19 crisis, the global market for Fiber Drums estimated at US$623.8 Million in the year 2020, is projected to reach a revised size of US$849.9 Million by 2026, growing at a CAGR of 5.3% over the analysis period. Below 25 Gallons, one of the segments analyzed in the report, is projected to grow at a 4.6% CAGR to reach US$108 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the 25-50 Gallons segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 24.1% share of the global Fiber Drums market.



The U.S. Market is Estimated at $176.1 Million in 2021, While China is Forecast to Reach $137.4 Million by 2026


The Fiber Drums market in the U.S. is estimated at US$176.1 Million in the year 2021. The country currently accounts for a 27.1% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$137.4 Million in the year 2026 trailing a CAGR of 7.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR while Rest of European market (as defined in the study) will reach US$148.1 Million by the end of the analysis period. Asia-Pacific region retains dominant position in the market owing to the presence of numerous manufacturing facilities and strong contribution from emerging nations like India, China, Indonesia and Australia. The regional market is bolstered by increasing influx of international packaging companies due to easy access to raw materials and cheap labor. The emergence of Asia-Pacific as a leading manufacturing hub for packaging products is anticipated to significantly benefit the fiber drums market. The market is expected to post impressive gains in the US owing to robust fiber drum demand from various applications in agro-based, chemical and food industries. The chemicals industry is likely to play a prominent role in driving the market growth due to increasing demand and transport of chemicals to diverse industry verticals.

50-75 Gallons Segment to Reach $452.2 Million by 2026


In the global 50-75 Gallons segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$247.6 Million in the year 2020 will reach a projected size of US$359.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$48.3 Million by the year 2026, while Latin America will expand at a 6.7% CAGR through the analysis period.

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
Frequently Asked Questions about the Global Market for Fiber Drums

What is the estimated value of the Global Market for Fiber Drums?

The Global Market for Fiber Drums was estimated to be valued at $623.8 Million in 2020.

What is the growth rate of the Global Market for Fiber Drums?

The growth rate of the Global Market for Fiber Drums is 5.3%, with an estimated value of $849.9 Million by 2026.

What is the forecasted size of the Global Market for Fiber Drums?

The Global Market for Fiber Drums is estimated to be worth $849.9 Million by 2026.

Who are the key companies in the Global Market for Fiber Drums?

Key companies in the Global Market for Fiber Drums include CL Smith, Enviro, Pak, Inc., FDL Packaging Group, Fiber Drum Company, Fiberstar Drums Ltd., Great Western Containers Inc., Greif, Inc. and Milford Barrel Co. Inc..

FEATURED COMPANIES

  • CL Smith
  • Enviro-Pak, Inc.
  • FDL Packaging Group
  • Fiber Drum Company
  • Fiberstar Drums Ltd.
  • Greif, Inc.

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

UNITED STATES

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Fiber Drums Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 46

A selection of companies mentioned in this report includes:

  • 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