Plastic Drums Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2022

Drums are rigid or semi-rigid cylindrical containers that are generally used for shipping and storage of liquid items. Drums are classified in three types on the basis of materials they are made with metal, fiber, and plastics. Plastic drums are lighter in weight than metal drums and can be kept in open conditions without the risk of rusting. Plastic drums are generally used for storing hazardous chemicals and goods because they are resistant to inert low pH levels.

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Plastic drums provide UV protection and do not leak easily that make them adequate for industrial, household and commercial purposes. Plastic drums have a wide range of end-use industry applications such as Agriculture, Chemical, Pharmaceutical, Petroleum, Household, etc. Plastic drums are easy to handle, simple to empty and fill thus; they are appropriate for logistics and transportation.
Plastics are malleable hence plastic drums can be efficiently designed meeting the particular shape and size for the specific application. Moreover, plastic drums are easy to recycle which gives them an edge over other types of drums. Some of the plastic drums are biodegradable and can be easily decomposed by microorganisms which in turn make them amiable to the environment. In addition, plastic drums can easily be reconditioned for reuse which makes them cost efficient.

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Plastic Drums Market: Dynamics
Plastic drums are expected to have escalated demands because of the evolution of industries which in turns increased the quality packaging at economical rates. The government norms for the adoption of biodegradable materials are expected to enhance the growth of plastic drums market further. With increased demand for chemicals and pharmaceuticals, the plastic drums market will have extraordinary growth rate.
Plastic drums meet the requirement of chemical and pharmaceutical manufacturers due to lightweight, durable, reliable yet cost-efficient rigid packaging product. Plastic drums market are expected a high increase because of the appropriateness of plastic drums for liquid packaging. In addition, plastic drums are generally unreactive to the chemical, oil, and lubricant present inside it. Availability of different color options and ease of printing on plastic drums make them convenient for both the manufacturers as well as the consumers.
The increased demand for packaged food will endorse the growth of plastic drums market. Plastic drums market will experience further growth with the advancement of recycling and biodegradable packaging. Plastic accounts for the largest share in rigid bulk packaging materials. Plastic drums with continuous advancement and innovation provide the opportunity of even lesser weight with greater strength.   
Plastic Drums Market: Regional Outlook
Geographically the global plastic drums market has been divided into seven key regions as–

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Middle East & Africa
• Japan

The increased demand for chemical, and pharmaceutical sector in Asia Pacific region is expected to lead the plastic drums market. The Asia Pacific market is anticipated to dominate the global plastic drums market. The Europe and North America plastic drums market are expected to witness growth because of adoption of plastic drums in the rigid packaging industry. The markets in Middle East & Africa region is projected to represent lucrative opportunities for the global plastic drums market during the forecast period.

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Plastic Drums Market: Key players
Some of the key players operating in the global plastic drums market are –

• Greif, Inc.
• FDL Packaging Group
• Industrial Container Services, Inc.
• Sonoco Products Company
• SCHÜTZ GmbH & Co. KGaA
• Mauser Group B.V.
• E-Con Packaging Pvt Ltd
• Delta Containers Direct Limited

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.