The Global Plastic Drums market is expected to reach $3,775.35 million by 2026 growing at a CAGR of 7.0% from 2018 to 2026.

The key vendors mentioned are Orlando Drum & Container Corporation, Remcon Plastics Incorporation, Schuetz Container Systems, TPL Plastech Ltd., U.S. Coexcell, Vallero International S.r.l., Mauser Packaging Solutions, KODAMA PLASTICS Co., Ltd., Greif Packaging, LLC, Hazmatpac, Inc. and Interplastica Pvt. Ltd.

Hyderabad, India - August 8, 2019 /MarketersMedia/ —

Plastic drums are used for transportation and storage of industrial products which requires proper handling of the filling product. Plastic drums can be made up of high-density polyethylene or polypropylene. Raw materials used for making plastic drums are easily available and cost-effective, government norms for the adoption of biodegradable materials, and evolution of industries which in turns increased the quality packaging at economical rates are factors driving the market growth. Furthermore, environmental degradation is anticipated to be a restraining factor for the market. Moreover, continuous advancement and innovation provide the opportunity to the market players.

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By Materials, polyethylene drums are anticipated to grow at a considerable rate during the forecast period. These are used for several industrial purposes are manufactured using high density, high molecular weight polyethylene (HDPE). The polyethylene drum is excellent and more suitable for industrial purposes because the HDPE material used for making the barrels are inert and highly resistant to low or high pH contents.

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Heads Covered:
• Tight head
• Open head

Materials Covered:
• Polypropylene (PP)
• Polyethylene (PE)
• Other Materials

Capacities Covered:
• 55 gallons and above
• 30-55 gallons
• 10-30 gallons
• Less than 10 gallons

End Users Covered:
• Agriculture
• Oil and lubricants
• Chemical & Petrochemicals
• Fertilizers
• Food & Beverages
• Building and Construction
• Pharmaceuticals
• Paints
• Other End Users

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period

Contact Info:
Name: Sadhana Shukla
Email: Send Email
Organization: Syngene Market Research Reports
Website: https://www.syngeneresearch.com/

Source URL: https://marketersmedia.com/the-global-plastic-drums-market-is-expected-to-reach-377535-million-by-2026-growing-at-a-cagr-of-70-from-2018-to-2026/88905896

Source: MarketersMedia

Release ID: 88905896