Sarasota, FL -- (SBWire) -- 04/06/2019 --Global Plastic Drums Market: Overview

Plastic drums are used for transportation and storage of industrial products which requires appropriate handling of the filling product. They are being made up of high-density polyethylene or polypropylene. However, polyethylene is majorly used for manufacturing plastic drums.

Global Plastic Drums Market: Growth Factors

From conventional designs to improved innovative designs, the global plastic drums market is witnessing a paradigm shift as not only the buyers from developed countries but also from developing regions are preferring plastic drums over other conventional drums. This will boost the global plastic drums market trends.

The plastic drums market is set to experience high growth in the upcoming years, as the cost-effectiveness of plastic is providing convenience to the consumers. Earlier, larger metal drums were used to ship containers for oil, juice, and other liquid products, but now plastic drums are steadily replacing other industrial packaging options. Today, manufacturers provide auto lock systems in plastic drums to enhance their capabilities, thereby further proliferating the product demand across the globe.

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Plastic drums are stacked on pallets and can be efficiently handled during shipment. They can be re-used nearly 30 times with repeated reconditioning. Plastic drums are specifically designed with handles and some of them have strong closures for better handling and protection of the filling products. These aforementioned features of the product can augment the plastic drums market earnings in the near future by generating enormous demand for the product among the customers.

Global Plastic Drums Market: Segmentation

The global plastic drums market is segmented as per its capacity type, product type, and end use. Based on the capacity type, the market is sectored into up to 35 Gallon, 35-60 Gallon, and 60 Gallon & above. On the basis of product type, the plastic drums market is sectored into Open Head Drums and Tight Head Drums. End-use wise, the plastic drums market is classified into Food & Beverage, Chemicals & Fertilizers, Building & Construction, Pharmaceuticals, and Paints & Lubricants.

Global Plastic Drums Market: Regional Analysis

Based on regions, the global plastic drums market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Plastic drums offer several advantages which include re-usability and cost-efficiency, leading to their plethora of applications across various regions of North America. This, in turn, is likely to drive the growth of plastic drums market in North America. Asia Pacific plastic drums market is estimated to have significant growth during the forecast period, owing to the massive demand for petrochemicals in the region. Demand for petrochemicals in the developing regions of Latin America will propel the growth of the plastic drums market in the region. Europe and the Middle East and Africa markets have huge growth potential.

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Global Plastic Drums Market: Competitive Players

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

Global Plastic Drums Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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