| Product Code: ETC5222683 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of plastic drums to Grenada showed a significant shift in supplier countries in 2024, with Trinidad and Tobago, USA, Turkey, Dominican Republic, and Colombia emerging as the top exporters. Despite a high concentration of supply in 2023, the Herfindahl-Hirschman Index (HHI) remained at a high level in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was a healthy 7.8%, indicating steady expansion. However, there was a notable decline in growth rate from 2023 to 2024 at -39.56%, highlighting potential challenges or shifts in market dynamics during that period.
Plastic drums are increasingly used in Grenada for the storage and transport of liquids and chemicals. Their durability, lightweight nature, and resistance to corrosion make them ideal for industrial and agricultural applications. Demand is further supported by the expansion of the food and beverage sector.
The plastic drums market in Grenada is primarily driven by the need for safe, durable, and cost-effective packaging solutions for liquids and chemicals. As industries such as chemicals, pharmaceuticals, and food processing continue to grow, there is an increasing need for efficient storage and transportation containers. The light weight, corrosion resistance, and recyclability of plastic drums make them a popular choice, contributing to the markets expansion.
The Grenada Plastic Drums market is challenged by the high cost of plastic raw materials and the limited local manufacturing capacity. While plastic drums are essential for various industries, such as chemicals and food storage, the market is often dependent on imports, leading to higher prices. Furthermore, the market is constrained by the lack of regulations surrounding the proper disposal and recycling of plastic drums, which contributes to environmental concerns. Local businesses may also face difficulties in maintaining consistent supply and quality due to reliance on external suppliers.
The government supports the growth of the plastic drums market by encouraging businesses to invest in the production of durable, sustainable, and recyclable plastic drums used for storage and transportation in industries such as chemicals, food, and pharmaceuticals. Policies focus on ensuring the safety and environmental compliance of plastic drums, with regulations that require manufacturers to adhere to strict quality standards. The government also provides incentives for businesses that invest in recycling programs and reduce the environmental impact of plastic production.
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 Grenada Plastic Drums Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Plastic Drums Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Plastic Drums Market - Industry Life Cycle |
3.4 Grenada Plastic Drums Market - Porter's Five Forces |
3.5 Grenada Plastic Drums Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Grenada Plastic Drums Market Revenues & Volume Share, By Head Type, 2021 & 2031F |
3.7 Grenada Plastic Drums Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.8 Grenada Plastic Drums Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Grenada Plastic Drums Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly packaging solutions |
4.2.2 Growth in the chemical and pharmaceutical industries in Grenada |
4.2.3 Rising focus on efficient storage and transportation solutions |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Competition from alternative packaging solutions |
4.3.3 Stringent regulations on plastic usage and disposal |
5 Grenada Plastic Drums Market Trends |
6 Grenada Plastic Drums Market Segmentations |
6.1 Grenada Plastic Drums Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Plastic Drums Market Revenues & Volume, By Polyethylene (PE), 2021-2031F |
6.1.3 Grenada Plastic Drums Market Revenues & Volume, By LDPE, 2021-2031F |
6.1.4 Grenada Plastic Drums Market Revenues & Volume, By LLDPE, 2021-2031F |
6.1.5 Grenada Plastic Drums Market Revenues & Volume, By HDPE, 2021-2031F |
6.1.6 Grenada Plastic Drums Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.1.7 Grenada Plastic Drums Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Plastic Drums Market, By Head Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Plastic Drums Market Revenues & Volume, By Open head, 2021-2031F |
6.2.3 Grenada Plastic Drums Market Revenues & Volume, By Tight head, 2021-2031F |
6.3 Grenada Plastic Drums Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Grenada Plastic Drums Market Revenues & Volume, By Less than 10 gallons, 2021-2031F |
6.3.3 Grenada Plastic Drums Market Revenues & Volume, By 10-30 gallons, 2021-2031F |
6.3.4 Grenada Plastic Drums Market Revenues & Volume, By 30-55 gallons, 2021-2031F |
6.3.5 Grenada Plastic Drums Market Revenues & Volume, By 55 gallons and above, 2021-2031F |
6.4 Grenada Plastic Drums Market, By End-users |
6.4.1 Overview and Analysis |
6.4.2 Grenada Plastic Drums Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.4.3 Grenada Plastic Drums Market Revenues & Volume, By Chemical & Petrochemicals, 2021-2031F |
6.4.4 Grenada Plastic Drums Market Revenues & Volume, By Building and Construction, 2021-2031F |
6.4.5 Grenada Plastic Drums Market Revenues & Volume, By Agriculture, 2021-2031F |
6.4.6 Grenada Plastic Drums Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.4.7 Grenada Plastic Drums Market Revenues & Volume, By Oil and lubricants, 2021-2031F |
7 Grenada Plastic Drums Market Import-Export Trade Statistics |
7.1 Grenada Plastic Drums Market Export to Major Countries |
7.2 Grenada Plastic Drums Market Imports from Major Countries |
8 Grenada Plastic Drums Market Key Performance Indicators |
8.1 Percentage of recycled materials used in plastic drum production |
8.2 Number of new contracts secured with chemical and pharmaceutical companies |
8.3 Efficiency of logistics and supply chain management in the plastic drum industry |
9 Grenada Plastic Drums Market - Opportunity Assessment |
9.1 Grenada Plastic Drums Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Grenada Plastic Drums Market Opportunity Assessment, By Head Type, 2021 & 2031F |
9.3 Grenada Plastic Drums Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.4 Grenada Plastic Drums Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Grenada Plastic Drums Market - Competitive Landscape |
10.1 Grenada Plastic Drums Market Revenue Share, By Companies, 2024 |
10.2 Grenada Plastic Drums Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |