The global fiber drum market size was valued at USD 1.26 billion in 2023 and is poised to grow at a significant CAGR of 7.7% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the fiber drum market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.  

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The global fiber drum market segmentation:
1) By Type of Closure: Plastic Closure, Metal Closure, Fiber Closure
2) By Capacity: Below 25 gallons, 25-50 gallons, 50-75 gallons, above 75 gallons
3) By End-use Industry: Chemical Industry, Food & Agro-allied Industry, Pharmaceutical Industry, Building and Construction Industry, Others

The primary factors of the fiber drum market drivers are the increasing demand for industrial drum from the chemical fertilizers and petroleum lubricant industries. The fiber drum market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action to change perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.

The fiber drum market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the fiber drum market report, accounting for the highest share in 2022.  

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The important profiles and strategies adopted by the fiber drum market key players are Greif Inc., Sicagen India Ltd, Balmer Lawre & Co. Ltd, Time Technoplast Ltd, Schütz GmbH & Co. KGaa, Mauser Packaging Solutions, TPL Plastech Limited, Peninsula Drums, Eagle Manufacturing Company, U.S. Coexcell Inc.  is covered here to help them in strengthening their place in the market.

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