The Global Open Head Plastic Drum Market is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for storage containers.
Open head plastic drums are designed for the storage of liquid substances and other manufacturing products and also ensures safety delivery of the storage during transport. These containers are mainly adopted for safe storing of liquid products such as juice, oil, and lubricants that need proper handling and storage unit. Factors such as easy to handling, light weighted, and high rusting resistance are the key advantages that make the products different from the other conventional metal drums. Due to these properties, the drums are broadly used as industrial storage solution across numerous industries including chemicals & fertilizers, food & beverages, and building & construction.
The report on the global open head plastic drum market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
Attributes |
Details |
Report Title |
Open Head Plastic Drum Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (35-Gallon, 35-60 Gallon, and 60 Gallon & Above), Applications (Chemicals & Fertilizers, Food & Beverages, Paints & Lubricants, Building & Construction, and Pharmaceuticals) |
Regional Scope |
Asia Pacific, Latin America, North America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Competitive Landscape, Size, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Muller Group, Interplastica, RPC Group, CurTec Holdings, Greif Packaging, CL Smith, Industrial Container Services, Schutz Container Systems, Mauser Packaging Solutions, Coexcell, AST Plastic Containers, KODAMA PLASTICS, Kaplan Container, and Industrial Packaging |
In terms of types, the market is segmented into up to 35-gallon, 35-60 gallon, and 60 gallon & above. The 35-60-gallon segment is predicted to witness a considerable growth during the forecast period owing to the extensive applications of the drums in several manufacturing industries. However, the 60 gallon & above segment is projected to exhibit a large market share during the analysis period due to growing demand for the plastic drums from medium and large-scale industries.
On the basis of applications, the global open head plastic drum market is divided into chemicals & fertilizers, food & beverages, paints & lubricants, building & construction, pharmaceuticals, and others. The chemical & fertilizers segment is projected to represent a major share of the market during the forecast period due to increasing demand for plastic drums to store fertilizers and harmful chemical substances. On the other hand, the food & beverage segment is likely to constitute a large market share in the coming years due to extensive use of the drums for storage of various food products particularly liquid-based food products.
Based on regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is projected to witness a large growth rate during the forecast period. The market growth is due to the wide adoption of plastic drums in numerous industrial applications and stringent government regulations for the use of biodegradable materials in the region. Meanwhile, the market in Asia pacific is expected to hold a healthy growth rate in the coming years due to increasing demand for large storage containers for several industries, rapid development of the manufacturing industries, and rising construction activities in the region, impacted by industrialization and urbanization.
The global open head plastic drum market has been segmented in terms of
Major players competing in the global open head plastic drum market include Muller Group, Interplastica, RPC Group, CurTec Holdings, Greif Packaging, CL Smith, Industrial Container Services, Schutz Container Systems, Mauser Packaging Solutions, Coexcell, AST Plastic Containers, KODAMA PLASTICS, Kaplan Container, and Industrial Packaging.
Some of these businesses are involved in adopting numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.
The global open head plastic drum market has been segmented in terms of
Major players competing in the global open head plastic drum market include Muller Group, Interplastica, RPC Group, CurTec Holdings, Greif Packaging, CL Smith, Industrial Container Services, Schutz Container Systems, Mauser Packaging Solutions, Coexcell, AST Plastic Containers, KODAMA PLASTICS, Kaplan Container, and Industrial Packaging.
Some of these businesses are involved in adopting numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.
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