Market Forecast By Material Type (Polyethylene (PE), LPDE, LLPDE, HDPE, Propylene (PP) And Others), By Capacity (Less Than 10 Gallons, 10-30 Gallons, 30-55 Gallons And 55 Gallons & Above), By Head Type (Open Head And Tight Head), By End User (Food & Beverage, Chemicals & Petrochemicals, Building & Construction, Agriculture, Pharmaceuticals, Oil & Lubricants And Others), By Regions (Asia Pacific, Africa, North America, Latin America, Middle East And Europe) And Competitive Landscape
Product Code: ETC054551 | Publication Date: Apr 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global plastic drum market is anticipated to witness significant growth over the forecast period. Plastic is a growing component and is indispensable in our everyday life. The products made of plastic are durable and long-lasting. The Plastic market has been growing crucially in every part of the world. Plastic has become a basic raw- material to the various producers and manufacturers in the various sectors. The various Material Types of plastic include Low-density polyethene (LDPE), Higher- Density polyethene (HDPE), polyvinyl chloride (PVC), polystyrene and engineering plastics. The plastic which is the long-lasting element is used in many engineering foundations, which supports the construction and make that construction line stronger. The primary characteristic of plastic is its waterproof material, which indeed helps the products from leaking. Moreover, plastic Drums which can store water, various industrial products and chemicals have a major component of long-lasting storage. The leading plastic market is growing by volume of over 200-300 million tonnes annually. As per the soaring demand from the chemical industries, oil refineries, agricultural sector and food industry, the prices of the plastic drum has also increased due to which there has been a growing revenue share into the economy. The COVID-19 situation has impacted society and the global economy terribly and is impacting day-by-day, due to which the supply chain of the various industrial products, chemicals, oil, lubricants, solvents that are stored in the plastic drums have impacted in this pandemic year. Several industries were closed, and the import and export of various products were suspended by the particular region’s government due to the trade barriers due to the government’s strict lockdown which hit the global economy and the sale of the plastic drums.
According to 6Wresearch, the Global Plastic Drums Market size is anticipated to register growth during 2020-26. In the Plastic Drum Market, Asia Pacific is one of the growing regions, with the highest revenue shares. The plastic drum market is assessed to be significantly expanding faster during the forecast period due to the increasing demand for petrochemicals in this region. Further, the Middle East, being the most leading market for the oil trade, is also one of the major regions for a plastic drum for the storage of oil and other petrochemicals substances. In the Middle East, the weather is hot and the plastic drums are the preferable stuff to stock the oil and petrochemical due to their long-lasting and heat-absorbing property, due to which the oil and the petrochemicals don’t react or become hot due to the growing temperature in the Middle East. Further, Europe is the market for tight head plastic drums to store food, beverages, oil, solvents and many more. Due to the low temperature, and the moisture present in the atmosphere, the European societies, prefer head sealed plastic drums to stock the supplies, and avoid getting sore due to the moisture. Moreover, North America is witnessed to have the highest growth because of the adoption of plastic drums for rigid packaging business.
Based on the end-users, the oil and lubricants and chemical &petrochemical segments have registered the maximum demand over the forecast period for the plastic drums market owing to the expanding generation of chemicals and oil and its shipping around the globe. Based on material Material Type, High-Density Polyethylene (HDPE) drums deemed as a major market share owing to rising demand for oil and petrochemicals in the country along with the declining price of the products.
The Global Plastic Drums Market report thoroughly covers the market by material Material Type, head Material Type, capacity, end users and regions including North America, Latin America, Europe, Asia Pacific, Middle East, Africa and key countries. The Global Plastic Drum market outlook report provides an unbiased and detailed analysis of the on-going Global Plastic Drum 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 Global Plastic 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 residential sector is estimated to secure large market sales revenue owing to the rising need of plastic drums in household societies and residential areas to maintain safe and secure water storage coupled with rising awareness to avoid water shortage in the societies with all the safety measures such as sanitization of the plastic drum which is gaining interest in the market and would benefit Global plastic market garner exponential growth during the forecast period.
Key Highlights
Markets Covered
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Plastic Drums Market Overview |
3.1. Global Country Macro Economic Indicators |
3.2. Global Plastic Drums Market Revenue, 2019 & 2026F |
3.3. Global Plastic Drums Market - Industry Life Cycle |
3.4. Global Plastic Drums Market - Porter's Five Forces |
3.5. Global Plastic Drums Market Revenue Share, By Material Type, 2019 & 2026F |
3.6. Global Plastic Drums Market Revenue Share, By End User, 2019 & 2026F |
3.6. Global Plastic Drums Market Revenue Share, By Capacity, 2019 & 2026F |
3.6. Global Plastic Drums Market Revenue Share, By Head Type, 2019 & 2026F |
3.6. Global Plastic Drums Market Revenue Share, By Regions, 2019 & 2026F |
4. Global Plastic Drums Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Plastic Drums Market Trends |
6. Global Plastic Drums Market, By Material Type |
6.1. Global Plastic Drums Market, By Material Type |
6.1.1. Overview and Analysis |
6.1.2. Global Plastic Drums Market Revenue, By Polyethylene (PE), 2016 - 2026F |
6.1.3. Global Plastic Drums Market Revenue, By LPDE, 2016 - 2026F |
6.1.4. Global Plastic Drums Market Revenue, By LLPDE, 2016 - 2026F |
6.1.5. Global Plastic Drums Market Revenue, By HDPE, 2016 - 2026F |
6.1.6. Global Plastic Drums Market Revenue, By Polypropylene, 2016 - 2026F |
6.1.7. Global Plastic Drums Market Revenue, By Others, 2016 - 2026F |
7. Global Plastic Drums Market, By End User |
7.1. Global Plastic Drums Market, By End User |
7.1.1. Overview and Analysis |
7.1.2. Global Plastic Drums Market Revenue, By Food & Beverage, 2016 - 2026F |
7.1.3. Global Plastic Drums Market Revenue, By Chemicals & Petrochemicals, 2016 - 2026F |
7.1.4. Global Plastic Drums Market Revenue, By Agriculture, 2016 - 2026F |
7.1.5. Global Plastic Drums Market Revenue, By Building & Construction, 2016 - 2026F |
7.1.6. Global Plastic Drums Market Revenue, By Pharmaceutical, 2016 - 2026F |
7.1.7. Global Plastic Drums Market Revenue, By Oil & Lubricants, 2016 - 2026F |
7.1.8. Global Plastic Drums Market Revenue, By Others, 2016 - 2026F |
8. Global Plastic Drums Market, By Head Type |
8.1. Global Plastic Drums Market, By Head Type |
8.1.1. Overview and Analysis |
8.1.2. Global Plastic Drums Market Revenue, By Open Head, 2016 - 2026F |
8.1.3. Global Plastic Drums Market Revenue, By Tight Head, 2016 - 2026F |
9. Global Plastic Drums Market, By Capacity |
9.1. Global Plastic Drums Market, By Capacity |
9.1.1. Overview and Analysis |
9.1.2. Global Plastic Drums Market Revenue, By Less than 10 Gallons, 2016 - 2026F |
9.1.3. Global Plastic Drums Market Revenue, By 10-30 Gallons, 2016 - 2026F |
9.1.4. Global Plastic Drums Market Revenue, By 30-55 Gallons, 2016 - 2026F |
9.1.5. Global Plastic Drums Market Revenue, By 55 Gallons and above, 2016 - 2026F |
10. Europe Plastic Drums Market |
10.1. Europe Plastic Drums Market, By Material Type |
10.2. Europe Plastic Drums Market, By End User |
10.3. Europe Plastic Drums Market, By Head Type |
10.4. Europe Plastic Drums Market, By Capacity |
10.5. Europe Plastic Drums Market, By Countries |
11. Asia Pacific Plastic Drums Market |
11.1. Asia Pacific Plastic Drums Market, By Material Type |
11.2. Asia Pacific Plastic Drums Market, By End User |
11.3. Asia Pacific Plastic Drums Market, By Head Type |
11.4. Asia Pacific Plastic Drums Market, By Capacity |
11.5. Asia Pacific Plastic Drums Market, By Countries |
12. North America Plastic Drums Market |
12.1. North America Plastic Drums Market, By Material Type |
12.2. North America Plastic Drums Market, By End User |
12.3. North America Plastic Drums Market, By Head Type |
12.4. North America Plastic Drums Market, By Capacity |
12.5. North America Plastic Drums Market, By Countries |
13. Latin America Plastic Drums Market |
13.1. Latin America Plastic Drums Market, By Material Type |
13.2. Latin America Plastic Drums Market, By End User |
13.3. Latin America Plastic Drums Market, By Head Type |
13.4. Latin America Plastic Drums Market, By Capacity |
13.5. Latin America Plastic Drums Market, By Countries |
14. Middle East Plastic Drums Market |
14.1. Middle East Plastic Drums Market, By Material Type |
14.2. Middle East Plastic Drums Market, By End User |
14.3. Middle East Plastic Drums Market, By Head Type |
14.4. Middle East Plastic Drums Market, By Capacity |
14.5. Middle East Plastic Drums Market, By Countries |
15. Africa Plastic Drums Market |
15.1. Africa Plastic Drums Market, By Material Type |
15.2. Africa Plastic Drums Market, By End User |
15.3. Africa Plastic Drums Market, By Head Type |
15.4. Africa Plastic Drums Market, By Capacity |
15.5. Africa Plastic Drums Market, By Countries |
16. Global Plastic Drums Market Import-Export Trade Statistics |
16.1. Global Plastic Drums Market Export to Major Countries |
16.2. Global Plastic Drums Market Imports from Major Countries |
17. Global Plastic Drums Market Key Performance Indicators |
18. Global Plastic Drums Market - Opportunity Assessment |
18.1. Global Plastic Drums Market Opportunity Assessment, By Material Type, 2019 & 2026F |
18.2. Global Plastic Drums Market Opportunity Assessment, By End User, 2019 & 2026F |
19. Global Plastic Drums Market - Competitive Landscape |
19.1. Global Plastic Drums Market Revenue Share, By Companies, 2019 |
19.2. Global Plastic Drums Market Competitive Benchmarking, By Operating and Technical Parameters |
20. Company Profiles |
21. Recommendations |
22. Disclaimer |