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.
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.
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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.