Fiber Drum Industry Statistics

In this post, we will explore key statistics and trends shaping the fiber drum industry, shedding light on its projected growth, market dynamics, regional insights, and major players. From the anticipated surge in sales to the dominant sectors driving demand, join us for a data-driven journey into the thriving realm of fiber drum packaging.

Statistic 1

"Fiber drum sales will surpass US $1.2 Billion by 2028."

Statistic 2

"The global fiber drum market is projected to grow at a CAGR of 7.1% during 2018-2028."

Statistic 3

"The demand for fiber drums is anticipated for shipment of bulk goods such as powdered substances, dried foods, and adhesives."

Statistic 4

"North America led the fiber drum industry with a major share of 28.9% in 2020."

Statistic 5

"The European market is the second largest for fiber drums, with a market share of about 30%, as of 2020."

Statistic 6

"The Asia Pacific fiber drum market is expected to grow at the highest CAGR during the forecast period."

Statistic 7

"The key market players are focusing on eco-friendly product offerings to cater to the demand of the industries."

Statistic 8

"Among application segments, the food & beverage industry held the dominant share of the fiber drums market in 2020."

Statistic 9

"The chemical industry segment is anticipated to grow at the fastest CAGR in the fiber drums market during 2021-2026."

Statistic 10

"The 41-50 gallons capacity type segment accounted for the largest share in the global fiber drum market."

Statistic 11

"Based on end-use industries, the pharmaceutical sector is expected to witness the highest growth rate in the fiber drum market."

Statistic 12

"The US is the leading consumer of fiber drums within North America."

Statistic 13

"The fiber drum packaging type is projected to provide lucrative opportunities for market expansion due to its eco-friendly materials."

Statistic 14

"India and China are expected to exhibit the highest growth potential in the Asia-Pacific fiber drums market."

Statistic 15

"The fiber drum market is projected to register a CAGR of nearly 5.4% during the forecast period 2021-2026."

Statistic 16

"Innovative drum designs, providing ease in transportation and handling, are contributing to the growth of the fiber drum industry."

Statistic 17

"The fiber drums up to 25 gallons segment will likely experience the highest growth in the market by 2028."

Statistic 18

"The fiber drum market is highly competitive, with the leading players including Schutz Container Systems, Mauser Group NV, and Industrial Container Services."

In conclusion, the fiber drum industry is poised for significant growth in the coming years, with sales projected to surpass US $1.2 billion by 2028. The market is driven by increasing demand for eco-friendly packaging solutions, with key players focusing on providing sustainable options. Regional analysis reveals that North America currently leads the market, while Asia Pacific is expected to experience the highest growth. Various end-use industries such as food & beverage, pharmaceuticals, and chemicals are driving the demand for fiber drums, with specific segments like 41-50 gallons capacity types and drums for powdered substances showing promising growth potential. Overall, innovative designs and increasing emphasis on sustainability are shaping the future trajectory of the fiber drum industry.