Global Fibre Drums, Cans, and Similar Products Market to Exceed $8 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of global report on Fibre Drums, Cans, and Similar Products market. The world market for Fibre Drums, Cans, and Similar Products is projected to exceed $8 billion by the year 2015. The market is driven by growing industrialization in developing nations including the Asia-Pacific, Latin America, and East Europe. The industry in the developed countries is already mature and witnessing sluggish growth.

Fibre Drums, Cans, and Similar Products: A Global Strategic Business Report

Fibre Drums, Cans, and Similar Products industry covers establishments mainly engaged in production of fibre drums, cans, and fibre tubes made from paperboard. Chemical and industrial manufacturers represent the leading end-users of fibre drums, mainly used for shipping dry goods across different locations. Rising pressure on raw material prices, long-term trends in environmental legislation, and rising focus on global sourcing are some of the factors changing the product mix in the industry of bulk packaging products, which includes drums, cans, and containers. In the scenario of high uncertainty and global crisis, only those shapes, and configurations which feature greater portability, convenience, cheaper prices, and compliance with Green agenda are expected to witness rapid growth.

Paperboard (virgin or recycled) and paper represent the major raw materials used in manufacture of fibre drums, cans, and tubes. Metal crowns and closures, sheet steel, glues, strips, and adhesives also account for a large portion of the raw material cost for this industry. The fibre products industry is witnessing increasing competition from composite cans, steel drums, and corrugated drums. The industry faces tough challenge from rigid bulk packaging containers (RIBCs) as well as flexible intermediate bulk containers (FIBCs).

The United States and Europe dominate the world Fibre Drums, Cans, And Similar Products market accounting for more than 52% revenue share, as stated by the new market research report on Fibre Drums, Cans, And Similar Products. The packaging market in the developed world including the US, Japan and West Europe is either growing at modest pace or is stagnant. On the other hand, the industry in developing nations in Asia-Pacific, Latin America, and East Europe is witnessing significant growth. In particular, growth in China and India has been remarkable, largely due to the burgeoning middle class growth in these countries, which is fueling growth in industrial output and hence in packaging. The current economic meltdown has hastened the geographical shift of the balance in packaging industry towards the Eastern world countries.    

Major players profiled in the study include Greif, Inc., Longview Fibre Paper and Packaging, Mauser Group, Rock-Tenn Company, and Sonoco Products Company among others

The report titled "Fibre Drums, Cans, and Similar Products: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a review of market trends, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World.

For more details about this comprehensive market research report, please visit -
http://www.strategyr.com/Fibre_Drums_Cans_and_Similar_Products.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website