Open Head Plastic Drum Market by Types (35-Gallon, 35-60 Gallon, and 60 Gallon & Above), Applications (Chemicals & Fertilizers, Food & Beverages, Paints & Lubricants, Building & Construction, and Pharmaceuticals), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Trends, Share, Size, and Forecast 2021–2028
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.
Market Drivers, Restraints, Trends, and Opportunities
- Wide demand for the products due to certain attributes such as cost-efficiency, re-usability, and durability of plastic drums are boosting the market growth.
- Rising use of plastic drums across industries as safe storage containers are predicted to fuel the market expansion.
- Stringent government regulations for using biodegradable material is expected to increase the market growth during the analysis period.
- Continuous price fluctuation of raw materials is a major challenge that can hinder the market growth in the coming years.
- Huge R&D investments from some players and technical development for the development of innovative plastic drums are estimated to present significant opportunities for the market expansion.
Scope of the Report
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.
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Attributes |
Details |
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Report Title |
Open Head Plastic Drum Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (35-Gallon, 35-60 Gallon, and 60 Gallon & Above), Applications (Chemicals & Fertilizers, Food & Beverages, Paints & Lubricants, Building & Construction, and Pharmaceuticals) |
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Regional Scope |
Asia Pacific, Latin America, North America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Competitive Landscape, Size, Growth Factors, and Trends, and Revenue Forecast |
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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 |
Global Open Head Plastic Drum Market Segment Insights
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Open Head Plastic Drum Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Open Head Plastic Drum Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Open Head Plastic Drum Market - Supply Chain
4.5. Global Open Head Plastic Drum Market Forecast
4.5.1. Open Head Plastic Drum Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Open Head Plastic Drum Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Open Head Plastic Drum Market Absolute $ Opportunity
5. Global Open Head Plastic Drum Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Open Head Plastic Drum Market Size and Volume Forecast by Types
5.3.1. Up to 35 Gallon
5.3.2. 35-60 Gallon
5.3.3. 60 Gallon & Above
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Open Head Plastic Drum Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Open Head Plastic Drum Market Size and Volume Forecast by Applications
6.3.1. Food & Beverage
6.3.2. Chemicals & Fertilizers
6.3.3. Building & Construction
6.3.4. Pharmaceuticals
6.3.5. Paints & Lubricants
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Open Head Plastic Drum Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Open Head Plastic Drum Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Open Head Plastic Drum Demand Share Forecast, 2019-2026
8. North America Open Head Plastic Drum Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Open Head Plastic Drum Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Open Head Plastic Drum Market Size and Volume Forecast by Types
8.4.1. Up to 35 Gallon
8.4.2. 35-60 Gallon
8.4.3. 60 Gallon & Above
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Open Head Plastic Drum Market Size and Volume Forecast by Applications
8.7.1. Food & Beverage
8.7.2. Chemicals & Fertilizers
8.7.3. Building & Construction
8.7.4. Pharmaceuticals
8.7.5. Paints & Lubricants
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Open Head Plastic Drum Demand Share Forecast, 2019-2026
9. Latin America Open Head Plastic Drum Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Open Head Plastic Drum Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Open Head Plastic Drum Market Size and Volume Forecast by Types
9.4.1. Up to 35 Gallon
9.4.2. 35-60 Gallon
9.4.3. 60 Gallon & Above
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Open Head Plastic Drum Market Size and Volume Forecast by Applications
9.7.1. Food & Beverage
9.7.2. Chemicals & Fertilizers
9.7.3. Building & Construction
9.7.4. Pharmaceuticals
9.7.5. Paints & Lubricants
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Open Head Plastic Drum Demand Share Forecast, 2019-2026
10. Europe Open Head Plastic Drum Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Open Head Plastic Drum Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Open Head Plastic Drum Market Size and Volume Forecast by Types
10.4.1. Up to 35 Gallon
10.4.2. 35-60 Gallon
10.4.3. 60 Gallon & Above
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Open Head Plastic Drum Market Size and Volume Forecast by Applications
10.7.1. Food & Beverage
10.7.2. Chemicals & Fertilizers
10.7.3. Building & Construction
10.7.4. Pharmaceuticals
10.7.5. Paints & Lubricants
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Open Head Plastic Drum Demand Share Forecast, 2019-2026
11. Asia Pacific Open Head Plastic Drum Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Open Head Plastic Drum Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Open Head Plastic Drum Market Size and Volume Forecast by Types
11.4.1. Up to 35 Gallon
11.4.2. 35-60 Gallon
11.4.3. 60 Gallon & Above
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Open Head Plastic Drum Market Size and Volume Forecast by Applications
11.7.1. Food & Beverage
11.7.2. Chemicals & Fertilizers
11.7.3. Building & Construction
11.7.4. Pharmaceuticals
11.7.5. Paints & Lubricants
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Open Head Plastic Drum Demand Share Forecast, 2019-2026
12. Middle East & Africa Open Head Plastic Drum Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Open Head Plastic Drum Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Open Head Plastic Drum Market Size and Volume Forecast by Types
12.4.1. Up to 35 Gallon
12.4.2. 35-60 Gallon
12.4.3. 60 Gallon & Above
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Open Head Plastic Drum Market Size and Volume Forecast by Applications
12.7.1. Food & Beverage
12.7.2. Chemicals & Fertilizers
12.7.3. Building & Construction
12.7.4. Pharmaceuticals
12.7.5. Paints & Lubricants
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Open Head Plastic Drum Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Open Head Plastic Drum Market: Market Share Analysis
13.2. Open Head Plastic Drum Distributors and Customers
13.3. Open Head Plastic Drum Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Muller Group
13.4.2. Interplastica
13.4.3. RPC Group
13.4.4. CurTec Holdings
13.4.5. Greif Packaging
13.4.6. CL Smith
13.4.7. Industrial Container Services
13.4.8. Schutz Container Systems
13.4.9. Mauser Packaging Solutions
13.4.10. Coexcell
13.4.11. AST Plastic Containers
13.4.12. KODAMA PLASTICS
13.4.13. Kaplan Container
13.4.14. Industrial Packaging
The global open head plastic drum market has been segmented in terms of
Types
- Up to 35 Gallon
- 35-60 Gallon
- 60 Gallon & Above
- Food & Beverage
- Chemicals & Fertilizers
- Building & Construction
- Pharmaceuticals
- Paints & Lubricants
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
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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