Press release
HDPE Drums Market Size 2022 Global Opportunities, Trends, Share, Regional Overview, Global Growth, And Country Forecast to 2028
During the projected period of 2022-2028, the "HDPE Drums Market" research describes in-depth the demand and consumption of numerous products/services connected to market growth dynamics. In terms of quantity, a complete market assessment of the numerous opportunities in the market segment is made. The HDPE Drums market is covered several areas, including constraints, problems, and opportunities, as well as geographical considerations. Customers will benefit from this study because it provides historical and statistically significant data, making it both helpful and instructional."In accordance with the HDPE Drums market is set to grow at a CAGR of 9% over the forecast period (2022-2028)."
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Market Overview:
Industrial drums allow higher operational efficiency and effectiveness in shipping bulk quantities of commodities in liquid form. Industrial drums offer cost-effective transport packaging solutions for the shipment of both hazardous and non-hazardous materials, like chemicals, wines, fruit juices, etc.
The adoption of industrial drums among the packaging industry is increasing where the packaging manufacturers are focusing on recycling, downgauging, optimizing pack size, and safety. Industrial drums offer all these features to many corporations and companies to effectively maintain sustainability initiatives. According to the Industrial Steel Drum Institute (ISDI), steel drums provide safe transport for approximately 50 million metric ton of material worldwide every year.
Top Key players operating in the global HDPE Drums market is:
Mauser, Schutz, Greif, Time Technoplast Ltd, Balmer Lawrie, KODAMA PLASTICS, Schoeller Allibert, Werit, Group Roma, TPL Plastech Limited, BSA Polycontainer Pvt. Ltd, BIC Chemicals & Packagings Pvt Ltd, Yash Barrels, Taiko Drum Industries
Recent Development:
May 2020 - SCHÜTZ GmbH & Co. KGaA Schütz added the new Ecobulk MX 560 to its extensive product range. This new IBC has a lower height than standard models and a nominal volume of 560 liters or 150 gallons, making it ideal for applications where smaller containers are an advantage, but where maximum performance and the highest quality are also decisive.
February 2020 - Greif announced the expansion of its plastics operations on the West Coast of the United States. The company is installing a plastic drum blow molding machine in its Merced, CA facility and is in an operational position.
Major HDPE Drums Market Types covered are:
25L
50L
100L
150L
200L
Major HDPE Drums Market Applications covered are:
Chemicals
Food Ingredients
Solvent
Pharmaceuticals
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Asia Pacific is Expected to Witness a Significant Growth Rate
The rapidly evolving manufacturing sector in the Asia-Pacific region is expected to increase the usage of industrial drums in the region. Global manufacturers are continuing to shift their manufacturing bases to emerging economies, like China, India, and Indonesia.
China has shown optimistic growth in the production of fiber drums. In terms of value, it towers over other countries such as Malaysia and Singapore. The rising concerns for sophisticated packaging solutions towards products by local as well as renowned players have translated into better quality of fiber drums.
Regional Analysis of Global HDPE Drums market:
The HDPE Drums Market research gives an in-depth analysis of market growth and other factors in key nations (regions), including:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
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Table of Contents: HDPE Drums Market
- Chapter 1: outline of HDPE Drums marketplace
- Chapter 2: worldwide market reputation and forecast through areas
- Chapter 3: worldwide marketplace popularity and forecast by using types
- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
- Chapter 5: marketplace riding issue evaluation
- Chapter 6: market opposition reputation by major producers
- Chapter 7: essential producers Presentation and market data
- Chapter 8: Upstream and Downstream marketplace investigation
- Chapter 9: Fetched and net part investigation
- Chapter 10: marketplace file end
- Chapter 11: research technique and Reference
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