Asia Pacific (APAC) Plastic Drums Market (2020-2026) | Growth, Size, Share, Revenue, Value, Companies, Forecast, Analysis, Industry, Outlook, Trends & COVID-19 IMPACT

Asia Pacific Plastic Drums Market is expected to register significant growth. The Asia Pacific is the biggest region in the world. This region is vast in geographical terms and also rapidly growing by population. The need for food products and various essential goods have also been rising day by day due to the increasing population, thus for storage and transportation, the plastic drum market has been rapidly growing in this region. The Asia Pacific region has been expanding in the industrial sector due to which there have been rising sales of Plastic Drums. Various industrial manufacturers make use of plastic drums for the storage of industrial products. It becomes cost-effective for manufacturers to purchase these types of products. Further, Due to the boundless geographical territory, major land in this region is farming land, due to which there has been upgrading farming activity. The agricultural division is the major division for the plastic drums market. Due to the lightweight and cost-effective product, it becomes easier to stock the food grains and various agricultural products, also strike a major task in easy transportation of the food grains to different areas. The increasing government rules for recycled products have enhanced the sales of Plastic Drums and several plastic products. Due to the COVID pandemic, the plastic and plastic drum market has been declining and is affecting the economy day-by-day, the strict government regulations and the social distancing norms affected the trade between the Countries, many non-essential industries were shut, due to which the supply chain of non-essential goods affected globally.

According to the 6Wresearch, the Asia Pacific (APAC) Plastic Drums Market size is anticipated to witness substantial growth during 2020-26.   In the Asia Pacific, India is one of the leading markets of plastic Drums. Due to the water shortage in several parts of India, Plastic Drums is the major product used for the storage of water. India has been leading in the state of production of Plastic drums. Moreover, the crowd living in this region has been much conscious of saving water for future use. Thus, the people of this region have the attitude of storing the water for future use. Further, China being the producer of various products is also the producer of plastic products and plastic drums. China, which exports its product all over the world, captures the major plastic drum market for storage and transportation of their products. Further, Australia and Japan are the world’s largest exporter of packaging materials. Because of the low labour cost and availability of raw material, the manufacturers prefer Asia pacific as their production unit for packaging. Moreover, the developed nations like South Korea and Japan have been expanding the plastic drums market, in the chemical sector. The Chemicals or several types of solvents have been stored under the UV protected and leakage-free plastic drums. Further, APAC countries like Singapore, Hong Kong, Vietnam, Indonesia and Malaysia are the pharmaceutical product manufacturers which certainly captivate the plastic drum market in storing and shipping these types of products to various nations. Further, China is the biggest oil producer of Asia, holds half off the production line of oil in entire Asia, which results in growing revenue and a larger demand for plastic drums for storage and transportation. Further, the plastic drum market also contributes to gaining revenue in the beverage sector in China. China and Bangladesh are leading Beer producers in Asia, manufacturing liquor more than 300 million hectolitres, where the plastic drums market is expected to grow on a large scale in this region.

Based on the end-users, the agriculture, building & construction, food &beverage, oil and lubricants, pharmaceutical, Chemical & Petrochemicals industry has registered the maximum demand over the forecast period for Plastic Drums, owing to the increasing production in the food and beverage sector and pharmaceutical sector and its shipping around the globe. Based on material type, High-Density polyethene (HDPE), polypropylene with an open head and tight head structure deemed as major market shares owing to rising demand for essential commodities (food and Beverages), pharmaceutical and oil and lubricants market.

The Asia Pacific Plastic Drums Market report thoroughly covers the market by material type, head type, capacity, end-users and Countries including India, China, Japan, South Korea and the rest of the Asia Pacific. The Asia pacific drum market outlook report presents an impartial and detailed analysis of the on-going Asia pacific drums market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The Asia Pacific Plastic Drums Market is estimated to witness substantial growth in the coming timeframe on the back of the growth of government & transportation, banking & financial, industrial and commercial sectors. Moreover, based on end-users, the food and beverage sector is estimated to secure large market sales revenue owing to the rising need for plastic drums in storing the essential as well as non-essential commodities, with taking care of the safety measures such as proper sanitization of the plastic drums before the storage of food and beverages and other products which would benefit the stored products and the transportation of the products from this plastic drums, which would also benefit Asia Pacific plastic market with exponential growth during the forecast period.

Key Highlights

• Asia Pacific Plastic Drums Market Outlook
• Asia Pacific Plastic Drums Market Overview
• Asia Pacific Plastic Drums Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Asia Pacific Plastic Drums Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Material Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Capacity
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Head Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for India Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Japan Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for China Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Korea Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Asia Pacific Plastic Drums Market
• Market Drivers and Restraints
• Asia Pacific Plastic Drums Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Plastic Drums Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Material Type:
• Polyethylene (PE)
• LPDE
• LLPDE
• HDPE
• Others
• By End User:
• Agriculture
• Chemicals & Petrochemicals
• Food & Beverage
• Building & Construction
• Pharmaceuticals
• Oil & Lubricants
• Others
• By Head Type:
• Open Head
• Tight Head
• By Capacity:
• Less than 10 gallons
• 10-30 gallons
• 30-55 gallons
• 55 gallons and above
• By Countries:
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific

Asia Pacific Plastic Drums Market is expected to register significant growth. The Asia Pacific is the biggest region in the world. This region is vast in geographical terms and also rapidly growing by population. The need for food products and various essential goods have also been rising day by day due to the increasing population, thus for storage and transportation, the plastic drum market has been rapidly growing in this region. The Asia Pacific region has been expanding in the industrial sector due to which there have been rising sales of Plastic Drums. Various industrial manufacturers make use of plastic drums for the storage of industrial products. It becomes cost-effective for manufacturers to purchase these types of products. Further, Due to the boundless geographical territory, major land in this region is farming land, due to which there has been upgrading farming activity. The agricultural division is the major division for the plastic drums market. Due to the lightweight and cost-effective product, it becomes easier to stock the food grains and various agricultural products, also strike a major task in easy transportation of the food grains to different areas. The increasing government rules for recycled products have enhanced the sales of Plastic Drums and several plastic products. Due to the COVID pandemic, the plastic and plastic drum market has been declining and is affecting the economy day-by-day, the strict government regulations and the social distancing norms affected the trade between the Countries, many non-essential industries were shut, due to which the supply chain of non-essential goods affected globally.

According to the 6Wresearch, the Asia Pacific (APAC) Plastic Drums Market size is anticipated to witness substantial growth during 2020-26.   In the Asia Pacific, India is one of the leading markets of plastic Drums. Due to the water shortage in several parts of India, Plastic Drums is the major product used for the storage of water. India has been leading in the state of production of Plastic drums. Moreover, the crowd living in this region has been much conscious of saving water for future use. Thus, the people of this region have the attitude of storing the water for future use. Further, China being the producer of various products is also the producer of plastic products and plastic drums. China, which exports its product all over the world, captures the major plastic drum market for storage and transportation of their products. Further, Australia and Japan are the world’s largest exporter of packaging materials. Because of the low labour cost and availability of raw material, the manufacturers prefer Asia pacific as their production unit for packaging. Moreover, the developed nations like South Korea and Japan have been expanding the plastic drums market, in the chemical sector. The Chemicals or several types of solvents have been stored under the UV protected and leakage-free plastic drums. Further, APAC countries like Singapore, Hong Kong, Vietnam, Indonesia and Malaysia are the pharmaceutical product manufacturers which certainly captivate the plastic drum market in storing and shipping these types of products to various nations. Further, China is the biggest oil producer of Asia, holds half off the production line of oil in entire Asia, which results in growing revenue and a larger demand for plastic drums for storage and transportation. Further, the plastic drum market also contributes to gaining revenue in the beverage sector in China. China and Bangladesh are leading Beer producers in Asia, manufacturing liquor more than 300 million hectolitres, where the plastic drums market is expected to grow on a large scale in this region.

Based on the end-users, the agriculture, building & construction, food &beverage, oil and lubricants, pharmaceutical, Chemical & Petrochemicals industry has registered the maximum demand over the forecast period for Plastic Drums, owing to the increasing production in the food and beverage sector and pharmaceutical sector and its shipping around the globe. Based on material type, High-Density polyethene (HDPE), polypropylene with an open head and tight head structure deemed as major market shares owing to rising demand for essential commodities (food and Beverages), pharmaceutical and oil and lubricants market.

The Asia Pacific Plastic Drums Market report thoroughly covers the market by material type, head type, capacity, end-users and Countries including India, China, Japan, South Korea and the rest of the Asia Pacific. The Asia pacific drum market outlook report presents an impartial and detailed analysis of the on-going Asia pacific drums market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The Asia Pacific Plastic Drums Market is estimated to witness substantial growth in the coming timeframe on the back of the growth of government & transportation, banking & financial, industrial and commercial sectors. Moreover, based on end-users, the food and beverage sector is estimated to secure large market sales revenue owing to the rising need for plastic drums in storing the essential as well as non-essential commodities, with taking care of the safety measures such as proper sanitization of the plastic drums before the storage of food and beverages and other products which would benefit the stored products and the transportation of the products from this plastic drums, which would also benefit Asia Pacific plastic market with exponential growth during the forecast period.

Key Highlights

• Asia Pacific Plastic Drums Market Outlook
• Asia Pacific Plastic Drums Market Overview
• Asia Pacific Plastic Drums Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Asia Pacific Plastic Drums Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Material Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Capacity
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Head Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for India Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Japan Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for China Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Korea Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Asia Pacific Plastic Drums Market
• Market Drivers and Restraints
• Asia Pacific Plastic Drums Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Plastic Drums Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Material Type:
• Polyethylene (PE)
• LPDE
• LLPDE
• HDPE
• Others
• By End User:
• Agriculture
• Chemicals & Petrochemicals
• Food & Beverage
• Building & Construction
• Pharmaceuticals
• Oil & Lubricants
• Others
• By Head Type:
• Open Head
• Tight Head
• By Capacity:
• Less than 10 gallons
• 10-30 gallons
• 30-55 gallons
• 55 gallons and above
• By Countries:
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific

The Asia Pacific (APAC) plastic drums market is growing due to increasing demand for plastic drums across various industrial sectors, such as automotive, beverage, and food & beverage. In terms of regions, the Asia-Pacific region is expected to lead the market during the forecast period. Factors such as growing automobile industry in Asia Pacific and stringent regulations regarding environmental protection are contributing to the market growth in this region. Additionally, the increasing popularity of biodegradable plastics has paved the way for the growth of the plastic drums market. The growing awareness about the importance of environment and sustainable development is also fuelling the demand for plastics that are eco-friendly. Additionally, the market is growing due to increase in demand for food and beverage products, which are packaged using plastic drums. In addition, the growth of the manufacturing sector and increase in disposable income is driving the demand for plastics drums.

Frequently Asked Questions About the Market Study (FAQs):