Global Plastic Drums Market Overview:
The use of plastic drums as a storage containers is not a new concept. Plastic drums are manufactured through a process known as blow molding. This process allows for numerous shapes to be created with no seams on the inside. Plastic drums are still molded in a cylindrical shape to allow for rolling and handling using the same tools as a steel drum. The round shape lacks weak corners which are vulnerable to cracking with impact and exposure. The added advantage of a seamless design is that it prevents buildup of bacteria in crevices. Some of the key players profiled in the study are Greif Packaging LLC (United States), CurTec Holdings B.V. (Netherlands), Mauser Packaging Solutions (United States), Schutz Container Systems (United States), U.S. Coexcell Inc. (United States), Industrial Container Services (United States), AST Plastic Containers (United Kingdom), Kodama Plastics Co., Ltd. (Japan), Industrial Packaging Limited (Ireland) and RPC Group Plc (United Kingdom).
On the basis of geography, the market of Plastic Drums has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Upto 35 Gallon will boost the Plastic Drums market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyethylene [LDPE, LLDPE and HDPE] will boost the Plastic Drums market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Food & Beverage will boost the Plastic Drums market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Government Rules for the Adoption of Biodegradable Materials
- Augmented Demand for Chemicals and Pharmaceutical
- Suitability of Plastic Drums for Liquid Packaging
Market Trend
- Development of Recycling and Biodegradable Packaging
Restraints
- Environmental Impact of Plastic Drum
Opportunities
- Continuous Advancement and Innovation of Plastic Drum
Challenges
- Intense Competition in the Market
The major players are exploring the market in new areas by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies. The companies are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined synergies
Target Audience:
Manufacturers of Plastic Drums, Suppliers of Plastic Drums Materials, Wholesalers, Distributers and Retailers of Plastic Drums, Agricultural Industry, Chemical Industry, Pharmaceutical Industry and Governmental Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Plastic Drums market on the basis of product [Open Head Drums and Tight Head Drums] , application [], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Plastic Drums market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Plastic Drums industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are CL Smith Company (United States), Great Western Containers Inc. (Canada) and TPL Plastech Ltd. (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Plastic Drums market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.