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

Latin America Plastic Drums Market has been expanding rapidly, in the packaging and logistics sector. Also, the construction sector is the fastest-growing sector in this region. The need for plastic drums and several plastic products is increasing day by day. Plastic drums are highly used to store water, food products, beverages, pharmaceutical products and many other products. Major Manufacturers prefer to use plastic products and plastic drums for a packaging solution, owing to their lower cost of production. Plastic is an innovative, cost-effective and sustainable packaging and storing of a substance. Plastic is a worldwide acceptable substance due to the recycling property. Additionally, the recycling rate of plastic has also increased due to the wide use of plastic. But due to the COVID-19 pandemic, the sales of the Plastic Drums saw a serious decline due to the strict lockdown and decline in the supply chain of the various products. The supply of the essential products was stable, but the sales of the non-essential products crashed subsequently.

According to the 6Wresearch, the Latin America Plastic Drums Market size is anticipated to witness substantial growth during 2020-26.  Brazil Food and Packaged Food Market is the fifth largest market in the world. The export of food products and transportation has been rising and going to increase in the forecast period, with the booming demand for food and packaged food products. The Plastic drums which are the basic element in the supply and transportation of these products have been growing substantially. Further, Mexico is the most rapidly growing alcoholic beverage market. This region is one of the key exporters in the beverage sector. The beverage sector is much rapidly growing sector, in this region, the export of these products generate revenue and boost the economy. Further, Mexico, Peru, Colombia and key countries have a large plastic drums market share in the paint sector, the paint and the coating industry is also the burgeoning industry with higher demand. The Paint followed by the coating product industry is growing into the construction sector rapidly, due to the developing infrastructure. The Plastic Drum is also growing rapidly into the Gum/ Adhesive Paint Market, the plastic drums are the best material in packaging and storing adhesive paints, due to their adhesiveness the plastic is a suitable product for the use of adhesive paints. Furthermore, Argentina is a potentially growing market in the chemical sector, the HDPE polymer is the rapidly growing material used in storing and packaging several products. Further, Brazil and Argentina is the fastest growing market in the agricultural sector, thus the plastic drums and various plastic products are in great demand in this sector. The Plastic which is cost-effective and durable and can store maximum stuff in it becomes easy for the farmers and the producers to store their stuff and transport it easily.  Further, Argentina is the epicentre of the COVID-19 pandemic has risen into the political disruption between the US-Argentina trades, many nations have been shifting their production line into another nation, in the forecast period the production and sale of the plastic drums are going to grow rapidly and would behold the growth of the global economy.

Based on the end-users, 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, 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 paint and lubricants market.

The Latin America Plastic Drums Market report thoroughly covers the market by material type, head type, capacity, end-users and regions including Argentina, Brazil, Mexico, Chile and key countries. The Latin America Plastic drum market outlook report presents an honest and detailed analysis of the on-going Latin America Plastic 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 Latin America 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 Global plastic market with exponential growth during the forecast period.

Key Highlights

• Latin America Plastic Drums Market Outlook
• Latin America Plastic Drums Market Overview
• Latin America Plastic Drums Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Latin America 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 Mexico Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Brazil Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Argentina Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Chile Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Latin America Plastic Drums Market
• Market Drivers and Restraints
• Latin America Plastic Drums Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America 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:
• Mexico
• Argentina
• Brazil
• Chile
• Rest of Latin America

Frequently Asked Questions About the Market Study (FAQs):