openPR Logo
Press release

Fiber Drums Market Analysis by Application and Geography with Top Industry Leaders

01-21-2019 02:30 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Fiber Drums Market Analysis by Application and Geography with

Of over US$ 665 Mn worth global revenue estimated for the fiber drums landscape in 2019, more than US$ 200 Mn is likely to be contributed by the US market. Over the valuation to be attained by 2018 end, the global market for fiber drums is slated for a 6.7% year on year revenue growth.

As indicated by a new market research study published by Future Market Insights, the US will continue to lead the global landscape, followed by Europe and Asia Pacific. Moreover, leading fiber drums manufacturers are likely to capture lucrative business opportunities in the Asia Pacific Rim, for which industrialization will remain the key driving force.

Packaging Manufacturers Increasingly Prefer Fiber Drums

According to the FMI research, fiber drums constitute a superior storage and packaging alternative due to five exclusive attributes. They are

100% recyclable

Excellent corrosion resistant

Affordable and customizable

Exceptionally lightweight

Profitable from the shipping perspective

Request more information of Report with table of contents and Figures @  https://www.futuremarketinsights.com/reports/sample/rep-gb-6853

“Being a cost effective alternative over conventional steel or plastic drums, fiber drums or fiber barrels are widely used for their eco-friendly quality and lightweight nature. Fiber drums are sturdy can withhold volumes of solid or liquid safely and securely. Food processing, agro and chemical, and pharmaceutical sectors are prominently using fiber drums for an extensive range of packaging requirements,” says a senior market research analyst at FMI.

Growth Analysis of North America’s Fiber Drums Market

North America's packaging sector is currently on a steady recovery and has been witnessing strong packaging demand from various industrial verticals in recent years.

While maximum opportunities are likely to be generated for primary and secondary packaging providers across the region, it is foreseen to be a remarkable factor placing manufacturers of product such as fiber drums at an advantageous position.

The US governs North America's market for fiber drums. However, FMI projects a positive revenue growth outlook for Canada's fiber drums market in coming years. The US as indicated by the report will exceed the revenue worth US$ 200 million by 2019 end.

Ask a question to Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-6853

Retail and Industrial Realms Push Prospects for Fiber Drums Adoption

The retail is expanding briskly and the preference for lightweight bulk containers is growing at a robust pace, which are collectively boosting the sales prospects of fiber drums worldwide, especially across developing economies. Manufacturers of dry chemicals have been adopting fiber drums as a preferred packaging solution and since fiber drums have been witnessing design innovation over the years, the applicability in industrial packaging is also witnessing a constant rise.

However, industrial packaging manufacturers still continue to struggle with the lack of agility, which is subsequently forestalling rapid sales of fiber drums in industrial manufacturing sector. Moreover, fiber drums are located 2-3 nodes back across the supply chain that raises the complexity level for fiber drums manufacturers to address the demand variability.

Segmental Insights at a Glance

Based on the closure type, metal closure fiber drums continue dominance over plastic closure and fiber closure counterparts.

On the basis of holding capacity, the 50-75 gallons segment is identified to emerge highly attractive compared to the other three, i.e. below 25 gallons, 25-50 gallons, and above 75 gallons.

According to the end-use industry analysis, the global fiber drums consumption remains the heaviest in the chemical sector, compared to others including food and agro-allied, pharmaceutical, building and construction, and others.

Customize your report @ https://www.futuremarketinsights.com/customization-available/rep-gb-6853

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact UsU.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fiber Drums Market Analysis by Application and Geography with Top Industry Leaders here

News-ID: 1517824 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Fiber

Fiber Laser Market Forecast to 2028 COVID-19 Impact and Global Analysis By Type …
The fiber laser market was valued at US$ 2286.16 million in 2021 and is projected to reach US$ 4,765.43 million by 2028; it is expected to grow at a CAGR of 11.1% from 2021 to 2028. Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for fiber lasers. Most automotive manufacturers are rapidly turning to fiber lasers to resolve their manufacturing
Pea Fiber Market Inclinations Exhibit Growing Demand during the Period until 202 …
The new report on the pea fiber market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. This highly favorable growth of the pea protein creates a highly conducive environment for the associated pea fiber market, which is expected to exhibit a promising CAGR of ~8% during the forecast period (2019-2029. The business intelligence
Optical Fiber and Optical Fiber Cables Market
Optical Fibers and Optical Fiber Cables Market describes its growth, size, share, Forecast and trends to 2025 Optical Fibers and Optical Fiber Cables Market Production and Demand Analysis 2019 to 2025 Optical Fibers and Optical Fiber Cables Market 2019 Manufacturing Analysis and Development Forecast to 2025 Optical Fibers and Optical Fiber Cables Market 2019: Recent Study Including Growth Factors, Regional Drivers, Forecast 2025 Optical Fibers and Optical Fiber Cables Market Insights 2019, Global and
Aramid Fiber Market (Para-Aramid Fiber, Meta-Aramid Fiber) by Type, Application …
The aramid fiber market (http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html) is projected to grow from USD 3.28 billion in 2018 to USD 5.78 billion by 2024, at a CAGR of 9.9%. The increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market in the automotive industry. In addition, the demand for lightweight and flexible materials for body armor, firefighting equipment, bulletproof vests, helmets, and
Fiber Laser Market 2025 - Global Analysis and Forecasts by Type (Infrared Fiber …
The "Global Fiber Laser Market Analysis to 2025" is a specialized and in-depth study of the fiber laser industry with a focus on the global market trend. The report aims to provide an overview of global fiber laser market with detailed market segmentation by type, application and geography. The global fiber laser market is expected to witness high growth during the forecast period. The report provides key statistics on the
Concrete Fiber Market Growth Study by Type [Synthetic Concrete Fiber, Steel Conc …
Fiber reinforced concrete involves the use of fibrous material to increase the structural integrity of concrete. Fibers are typically used in concrete to control cracking and faults that occur due to the shrinkage of plastic and evaporation of water during hardening stage of concrete. Concrete fibers are majorly used in different end-user industries such as residential, commercial, industrial, building, and construction. Moreover, fibers add tensile strength and toughness in concrete