Fiber Barrels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027

Fiber Barrels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027

  • Transparency Market Research
  • Ongoing
  • Packaging

Report Description

Global Fiber Barrels Market: Overview

Over the years, the demand for high-quality industrial packaging solutions has witnessed a significant thrust across the globe. Manufacturers readily prefer the eco-friendly packaging containers which are made with the use of renewable raw materials.  One of such novel solution is the fiber barrels which satisfy the above criteria. Fiber Barrels offer cost-effective and lightweights packaging containers usually to handle medium to heavyweight jobs. Fiber barrels form ideal storage containers for products such as solids, granules, powder, semi-liquid as well as hazardous materials. Additionally, Fiber barrels are entirely recyclable by nature. Thus, major industries such as food & beverages, pharmaceutical, Industrial chemicals, etc. heavily rely on fiber barrels for storage and shipping of its products.

Global Fiber Barrels Market: Drivers & Restraints

Growth in demand for fiber barrels is anticipated to witness a robust growth over the coming decade for a number of reasons. A major trend that contributes to stimulate the growth of this fiber barrels market is the rising popularity and acceptance of biodegradable materials for end use packaging. Likewise the growing commodity trade among various countries across the globe is estimated to fuel the demand for fiber barrels over the forecast period.  Moreover, expanded use of larger size fiber barrels with enhanced performance and this also forms cost-effective container solutions compared to other available in the market. On the other hand, lack of product awareness between the product manufacturers is the key restraining factors that hamper the growth of the fiber barrels market. Additionally, growing number plastic alternatives which are comparatively less expensive than paperboard containers is another main restraining factor towards the growth of the global fiber barrels market.

Global Fiber Barrels Market: Segmentation

The global fiber barrels market is segmented as follows

On the basis of design of container, the global fiber barrels market is segmented into:

  • Light-duty container
  • Medium-duty container
  • Heavy-duty container

On the basis of capacity, the global fiber barrels market is segmented into:

  • Below 10 gallon
  • Between 10 to 20 gallons
  • Between 20 to 40 gallons
  • Between 40 to 55 gallons
  • Between 55 to 75 gallons
  • Above 75 gallons

On the basis of applications, the global fiber barrels market is segmented into:

  • Food & Beverages
  • Paints, Inks & Dyes
  • Pharmaceuticals & Cosmetic
  • Industrial Chemicals
  • Others

Global Fiber Barrels Market: Regional Overview

Geographically, the fiber barrels market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

The global fiber barrels market is likely to witness a blistering growth during the forecast period owing to the growing customer inclination towards the use of biodegradable packaging solution. North America, as well as the European region, likely showcases a moderate growth throughout the forecast period as the paperboard packaging market is well established in these regions. The APAC region is likely to be valued as the most lucrative marketplace for the growth of fiber barrels market as a result of increased end-use storage applications in the developing economies over the forecast period. Countries like China & India are expected to be the largest consumers of fiber barrels owing to growing demand from the manufacturing industry. Hence, in the near future, the fiber packaging market in emerging economies are likely to witness inclusive growth. Similarly, with growing application of fiber barrels in packaging of paints & inks of industrial chemicals in the Middle East & African regions are likely to create opportunities for the fiber barrels manufacturers over the forecast period.

Overall, the global fiber barrels market is estimated to grow at a healthy CAGR over the forecast period

Global Fiber Barrels Market: Key Players

Some of the key players that operate in the fiber barrels market across the globe are Youngstown Barrel & Drum Co., Mauser USA, LLC., Fibrestar Drums Limited., McManus Drum Company, Inc., Uline, Inc., BASCO, Inc., Lexington Container Company., Pack A Barrel., and many more.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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