The global fiber drums market is estimated to grow at a compound annual growth rate (CAGR) of 7.1% during the forecast period of 2018-2027, according to a recent report from Future Market Insights (FMI). Regionally, the Asia-Pacific Excluding Japan fiber drums market is expected to remain in the leading position during the forecast period.
Fiber drums are used for storing and shipping products including adhesives, dye and colorants, and various hazardous chemicals. Fiber drums can be a cost-effective alternative to more expensive plastic and steel drums or barrels and offer eco-friendliness due to their recyclability. The sturdy drums can hold a great deal of weight in either liquid or solid form.