Industry Background:
A drum is a round and hollow holder used for delivery of mass freight. Industrial drums can be made of steel, fibers, and plastics, mostly used for the transporting fluids and powders. Drums are commonly used for the shipment of unsafe products and are also termed as barrels. These drums are made of steel, plastic and fiber which are in food and beverages, chemicals and fertilizers, petroleum and lubricants and also used for shipping in bulk cargo.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | SCHÜTZ GmbH & Co. KGaA. (Germany), Grief Inc. (United States), Mauser Group B.V. (Netherlands), Fibrestar Drums Ltd. (United Kingdom), Orora Packaging Australia Pty Ltd. (Australia), Balmer Lawrie & Co. Ltd. (India), Industrial Container Services (United States), Delta Containers Direct Limited (United Kingdom), FDL Packaging Group (United Kingdom) and Sicagen India Ltd. (India) |
This growth is primarily driven by Increasing Demand of Industrial Drums as a Packaging Solution, Growing Demand for Paints, Coating and Adhesives and Increasing Demand for Fertilizers and Chemical from Several Industries.
Globally, a noticeable market trend is evident Improvements in Product Design and Value Creation for End Users
Major Manufacturers, such as SCHÜTZ GmbH & Co. KGaA. (Germany), Grief Inc. (United States), Mauser Group B.V. (Netherlands), Fibrestar Drums Ltd. (United Kingdom), Orora Packaging Australia Pty Ltd. (Australia), Balmer Lawrie & Co. Ltd. (India), Industrial Container Services (United States), Delta Containers Direct Limited (United Kingdom), FDL Packaging Group (United Kingdom) and Sicagen India Ltd. (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The players are focusing on expanding their product variety to cater the demands of multiple end-use industries. Some industrial packaging companies have either collaborated with or acquired local as well as international plastic packaging manufacturers. Industrial drums manufacturers are also under continuous pressure from the customer’s end to improve overall product offering and shrink cost of the product.
Key Developments in the Market:
In November 2018, Orora Limited announced today that it has acquired Pollock Packaging. The addition of Pollock to OPS’s business provides a scale platform to leverage the capability and customer reach of both businesses to continue to drive sales growth with existing and new customers.
In December 2018, Mauser Packaging Solutions Introduces New Medical Waste Container Made of 100% Recycled Material. The new WIVA Infinity Container combines the superior protection and handling of specific healthcare risk waste with the environmental benefits of using recycled plastic resin. The new WIVA Infinity Container is available in sizes 30l, 50l and 60l
Influencing Trend:
Improvements in Product Design and Value Creation for End Users and Strong Growth in Chemical and Pharmaceutical Sectors
Market Growth Drivers:
Increasing Demand of Industrial Drums as a Packaging Solution, Growing Demand for Paints, Coating and Adhesives and Increasing Demand for Fertilizers and Chemical from Several Industries
Challenges:
The Metal Drum are of High weight
Restraints:
Fluctuating Prices of Raw Material
Opportunities:
Expansion of Manufacturing Activities in the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Industrial Drums Market
- Analysis about New Entrants in Industrial Drums Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Industrial Drums Study Sheds Light on
The Industrial Drums Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Industrial Drums industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Industrial Drums industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.