Plastic Drums Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

Vision Research Reports predicts the global plastic drums market is expected to grow at a CAGR of 5.2% during the forecast period 2020 to 2027.

According to VRR analysis, plastic drums are used for shipping and storage of industrial products which require appropriate handling of the filling product Plastic drums can be made up of high-density polyethylene or polypropylene. However, polyethylene is majorly used for manufacturing plastic drums. Food grade and UN-certified plastic drums are used for food & beverages and hazardous chemicals industries. Plastic drums are stacked on pallets and can be efficiently handled during shipment. Plastic drums hold an appropriate share in the intermediate bulk containers market. These drums can be re-used nearly 30 times with repeated reconditioning. Plastic drums are available in different sizes and patterns of closures. Some of the main capacities which are preferred by the manufacturers are 20-gallon, 30-gallon, and 55-gallon among others. Raw materials used for making plastic drums are easily available and cost-effective, boosting the growth of the plastic drums market growth. Earlier, larger metal drums were used to ship containers for oil, juice, and other liquid products, but now plastic drums are steadily replacing them. Plastic drums are lightweight and offer barrier as well as temperature resistance. Plastic drums are made up of low-density polyethylene, high-density polyethylene, and polypropylene among which HDPE is widely used. VRR believes that plastic drums are used more than steel and fiber drums, although eco-friendly nature of fiber drums is a threat to the plastic drums market.

Trends in the Global Plastic Drums Market

Companies are introducing new product ranges and security systems to enhance the performance of their plastic drums. Manufacturers are also looking for certifications to ensure the highest level of food safety. For instance, certification in accordance with FSSC 22000 (Food Safety System Certification), Comprehensive preventive measures according to HACCP, Halal, and Kosher certification among others. Some of the trends include automatic seal cap, load security system, and other specifically-designed plastic drums for preventing products from contamination.

Requirements for Safe and Secure Transportation with Plastic Drums

For efficient transportation, filling, handling and emptying of plastic drums, there are many specifications to be taken care of. The conductivity of plastic drums is a necessity in hazardous areas or ex-zones. Manufacturers are providing a conductive outer layer in plastic drums to prevent building an electrostatic charge. For sensitive or highly-permeable filling products, manufacturers are using fluorination processes to provide an anti-permeation layer, which is applied to interior and exterior walls of the plastic drum. Surface-active chemicals such as detergent and soda can damage the polyethylene material of the plastic drum. Thus, to provide resistance to cracks, an inner polyethylene layer is used. Leading manufacturers and reconditioning companies are providing locking systems to enhance their shipping facilities.

The global market for plastic drums is further segmented as per capacity type, product type, and end use. On the basis of capacity type, global market for plastic drums is segmented into less than 30 gallons, 30-60 gallons, and 60 gallons & above. On the basis of product type, global market for plastic drums is segmented into open-head plastic drums and closed-head plastic drums. On the basis of end use, the global market for plastic drums is segmented into food & beverage, pharmaceuticals, building & construction, chemical & fertilizers, and paints & lubricants.

Competitive Landscape

Greif Packaging LLC, Mauser Packaging Solutions, Schuetz Container Systems, U.S. Coexcell Inc., Industrial Container Services, AST Plastic Containers, KODAMA PLASTICS Co., Ltd., Industrial Packaging Limited, RPC Group Plc, Orlando Drum & Container Corporation, CL Smith Company, GREAT WESTERN CONTAINERS INC., TPL Plastech Ltd., CurTec Holdings B.V., Interplastica, Vallero International S.r.l., Remcon Plastics Incorporation, and Hazmatpac, Inc. are the key players in the plastic drums market.

Market Segmentation

By Capacity Type
Upto 35 Gallon
35-60 Gallon
60 Gallon & Above

By Product Type
Open Head Drums
Tight Head Drums

By End Use
Food & Beverage
Chemicals & Fertilizers
Building & Construction
Pharmaceuticals
Paints & Lubricants

By Region

North America
Latin America
Europe
Middle East & Africa
Asia Pacific

Report Scope

The Plastic drums market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Plastic drums market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Plastic drums market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Plastic drums market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Plastic drums market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Plastic drums capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Plastic drums by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Plastic drums market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Plastic drums market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Plastic drums market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

For the region, type and application, the sales, revenue and their market share, growth rate are the key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.

Geographically, global xxx market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer.

We will provide market shares of the prominent market suppliers/companies separately for each of these geographies.

Overall, this is an in-depth research report specifically for the Plastic drums industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Plastic drums market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Plastic drums market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Plastic drums market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Plastic drums market. These factors have benefited the growth of the global market for Plastic drums. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Plastic drums. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Plastic drums are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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