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

Middle East Plastic Drums Market has seen growth due to the enhanced abundance of the market from the oil and petrochemicals sector. In the Middle East, the oil and petrochemical reserves are widely spread throughout the nation. The requirement for Plastic Drums has been growing for the storage of oil and petrochemicals materials. The Middle East is also the net exporter of oil and petrochemicals products, rendering a huge share of the world oil reserves market, holding the top position in import/export and production of oil and petrochemical. Plastic drums are suitable materials for the transportation of various substances due to the tropical climatic condition. The oil barrels usually made of steel or tin become more expensive and due to their heavy material, transportation also becomes difficult. The Plastic Drums are lightweight, cost-effective and recyclable which gives easy support in the storage and transportation of goods. Non-alcoholic beverages and food were the foremost sectors by market shares in terms of packaging, due to the rigid plastic packaging. Due to the COVID pandemic, human life and the economy have adversely affected and the plastic Drums market is no exception. Products which are deemed essential were maintaining the trades while the non-essential products suffered a drastic drop in demand. Due to government norms and restrictions, the supply chain disruptions have created a logistical nightmare for market players. Further, Bahrain being the epicenter of COVID-19, many industries are shifting their production line from Bahrain to other countries, which will help the various sectors to improve their revenue and sales.

According to 6Wresearch, Middle East Plastic Drums Market is anticipated to witness growth during the forecast period of 2020-26. Saudi Arabia is the largest nation in the Middle East is the largest exporter of food oil and other products, the market share of Plastic Drums has been rising faster due to the increasing demand for food oil and other goods. Further, Algeria, Jordan, Iraq, Syria, Yemen and other key countries are the countries that are highly active in the agricultural sector, thus the plastic Drums Market is growing in this region agricultural sector rapidly. Further, Syria and Jordan are the drought Countries, since its highly water-scarce region, thus for the storage of water, the plastic drums are the best for storage and transportation, the need for the plastic drums can be raised into an essential commodity in this region. Moreover, Saudi Arabia is also the biggest producer of the chemicals, with the growing market shares of plastic drums for the storage and transportations of the chemicals respectively. Further, Oman, Kuwait and Qatar are the fastest rising market for paint and coating products. Moreover, the plastic drums market is also rising rapidly in this sector.

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 the Plastic Drums market, 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 Middle East Plastic Drums Market report thoroughly covers the market by material type, head type, capacity, end-users and countries including Bahrain, UAE, Qatar, Saudi Arabia and rest of Middle East. The Middle East Plastic drum market outlook report provides an unbiased and detailed analysis of the on-going Middle East 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 Middle East 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 agricultural sector is determined 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 agricultural 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

• Middle East Plastic Drums Market Outlook
• Middle East Plastic Drums Market Overview
• Middle East Plastic Drums Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Middle East 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 Qatar Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for UAE Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Bahrain Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Saudi Arabia Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Middle East Plastic Drums Market
• Market Drivers and Restraints
• Middle East Plastic Drums Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East 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:
• Qatar
• Bahrain
• UAE
• Saudi Arabia
• Rest of Middle East

Frequently Asked Questions About the Market Study (FAQs):