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

North America Plastic Drums Market is driven by several factors. Plastic Drums are easy to move, additionally a cost-effective product used for storing and transporting the goods. The Need for Plastic Drums has been increasing from the agricultural sector and the industrial sector. Consequently, rapid growth in the Industrial and agricultural sector across the region has positively impacted the growth of the plastic drums market. Additionally, many small scales or cottage industries owner make use of plastic drums to store several ailments. Plastic drums are the best material for water storage, due to their durability and leak-free property. The Plastic drums are reusable and recycled, there has been much government awareness and activities carried out to make the population aware of the reuse and recycle of plastic drums and plastic products. Due to the pandemic, the humans’ life was in danger, which occurred during the lockdown around the globe, America and Spain which has the highest number of COVID cases in the world is suffering from major economic loss, with the downfall in the supply of various commodities. The Plastic Drums Market also suffered a major loss due to the lockdown and because of the trade barriers imposed by several nations.

According to the 6Wresearch, the North America Plastic Drums Market size is anticipated to witness substantial growth during 2020-26. The United States of America (USA) has the highest agricultural land, thus there has been a viable market for agricultural goods and fertilizer, consequently, the plastic drum market has the major market shares in the generation of revenue and increasing demand for essential commodities like agricultural products. Moreover, United States City, California, Florida, New York City and other key regions are some of the producers of the powdered milk and various types of spices. The plastic drum market in this region is potentially growing in the fast-moving consumer goods sector. Furthermore, the regions of southern Canada, eastern Texas and the Mid-Atlantic States are the largest chemicals producing region, with the growing plastic drums market as a supply chain in the chemical sector. The Plastic Drums are dormant to air and water and non-reactive and non-corrosive, which becomes safe to store the chemicals. Further, the United States, Spain and Canada have the largest export for pharmaceutical products, since the COVID-19 pandemic, the production of pharmaceutical products raised potentially and the exports of various necessary pharmaceutical products increased. PepsiCo, one of the largest beverage brands in the world is growing drastically in the world, the need for plastic drums and plastic products for the storage and transportation of this brand is highly increasing due to the rising demand for this beverage brand. Further, Canada, Spain, and Italy are the prominent cooking oil-exporting countries. This cooking oil is an essential commodity is growing commodity, thus there is no halt in the growth of plastic drums in the food and beverage sector.

Based on the verticals, 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 food and beverage sector and pharmaceutical sector and its shipping around the globe. Based on components, High-Density polyethene (HDPE), polypropylene, laboratory tested plastic drums or containers 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 North America Plastic Drums Market report thoroughly covers the market by material type, head type, capacity, end-users and countries including the United States, and Canada. The North America Plastic drum market outlook report provides an unbiased and detailed analysis of on-going North America 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 North 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

• North America Plastic Drums Market Outlook
• North America Plastic Drums Market Overview
• North America Plastic Drums Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of North 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 United States Plastic Drums Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Canada Plastic Drums Market
• Market Drivers and Restraints
• North America Plastic Drums Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North 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:
• United States
• Canada

Frequently Asked Questions About the Market Study (FAQs):