Fiber Drums Market:Growing Demand for Lightweight Bulk Containers in Retail

Posted by Deeksha on March 27th, 2019

Fiber drums have been fulfilling large number of packaging requirements, particularly in food, pharmaceutical, glue and chemical industry. Proven design has been combined with the robust manufacturing technologies to make sure these drums offer optimum shield for an array of hazardous and non-hazardous products. These introductory excerpts are according to the report titled, “Fiber Drums Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been latterly added to Market Research Hub’s (MRH) exhaustive repository. The container/packaging market is filled with fiber drum manufacturers as it is cost effective solution for many products owing to less expensive high density paper board vis-à-vis plastic or steel alternative. Fiber drums’ soaring popularity could be attributed to its minimal effect on the environment as it is renewable and recyclable. This could be credited to the natural raw material —the Kraft—making fiber drum more ecological. The demand for lightweight bulk containers in retail sectors has propelled the sale of fiber drums across developing economies. Moreover, fiber drums are modified to contain an array of materials and the drums are being produced according to specifications, thereby substantiating that it is easily customizable. These factors are anticipated to propel the growth of fiber drums market with a CAGR of over 7% with respect to market revenue.

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Fiber Drums Market: Report Synopsis

The report provides a comprehensive assessment on the fiber drums market with quantitative and qualitative analysis. Further, the report offers a clear picture with respect to dynamics of fiber drums market, including drivers, trends, opportunities, and restraints. These aspects are indispensable and possess potency to impact the growth of the fiber drums market. Besides, the report delves into the segregation of the fiber drums market to provide a robust picture of fiber drums market. The report incorporates exhaustive executive summary followed by market introduction section. The report also presents lucid picture of through market overview and market analysis. The market background section focuses on value chain analysis and macro-economic factors. The report also encompasses mergers and acquisitions along with technological advancements that have significant influence in the development of the fiber drums market. The report also incorporates market structure analysis which throws light on market share analysis of leading players coupled market presence analysis of market players. Meanwhile, the report also reveals the technology roadmap of the fiber drums market. The report also includes investment feasibility matrix along with Product life cycle analysis. The report also includes competitive scenario of the fiber drums market, including competition intensity mapping with respect to market taxonomy; competition dashboard and company profiles. The section, based on Porters’ Five Force Analysis, also sheds light on financials overview, strategies, product portfolio and recent developments.

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Fiber Drums Market: Research Methodology

Validation of the information in the report is done through primary sources, including in-person interactions, surveys, view of seasoned analyst, interviews and in-person interactions and insights of analyst coupled with secondary sources incorporating trade journals, verified paid sources, resourceful databases and trade journals. Absolute dollar opportunity analysis has also formed basis for the robust analysis of the report.