Global Plastic Drums Market
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Global Plastic Drums Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 6.5% during forecast period.
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Plastic drums are expected to have escalated demands owing to the evolution of industries which in turns increased the quality packaging at economical rates. The government norms for the adoption of biodegradable materials are expected to enhance the growth of the global plastic drums market further. With the increased demand for chemicals and pharmaceuticals, the plastic drums market will have an amazing growth rate.
Plastic drums meet the requirement of chemical and pharmaceutical manufacturers owing to lightweight, durable, reliable yet cost-efficient rigid packaging product. Plastic drums market are expected a high upsurge because of the appropriateness of plastic drums for liquid packaging. Also, plastic drums are usually unreactive to the chemical, oil, and lubricant present inside it. Availability of different color options and ease of printing on plastic drums make them convenient for both the manufacturers besides the consumers.
A significant trend driving the growth prospects for plastic drum market is the growing popularity and increasing adoption of biodegradable rigid plastic for packaging. Biodegradable plastics are easily decomposed by microorganisms, thus reducing the detrimental effect they have on the environment compared to conventional plastics.
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