Industry Background:
Steel drums are designed for storage, shipping and handling of foods and chemicals where product integrity and purity are important. These are the most reliable and durable materials for the production of industrial grade packaging containers. It is used for packaging of storage of hazardous as well as non-hazardous materials such as chemicals, coating, paints and oil etc. Steel drums can be reconditioned or recycled many times thus it is sustainable packaging solution.
This growth is primarily driven by Compactness, Recyclability, Durability and Excellent Performance and Demand for Cost-Effective Packaging.
Globally, a noticeable market trend is evident Demand for Innovative Packaging Solutions. Major Vendors, such as Mauser Group B.V. (Germany), Greif, Inc. (United States), North Coast Container Corp. (United States), Rahway Steel Drum Co Inc. (United States), General Steel Drum LLC (United States), Skolnik Industries Inc. (United States), The Metal Drum Co Ltd (United Kingdom), Clouds Drums Dubai LLC (United Arab Emirates), James G Carrick & Co Ltd (United Kingdom) and Chicago Steel Container Corp. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Compactness, Recyclability, Durability and Excellent Performance
- Demand for Cost-Effective Packaging
Market Trend
- Demand for Innovative Packaging Solutions
Restraints
Opportunities
Rising Demand for Paints and Dye Packaging and Growing Demand from Various Industrial Applications
Challenges
High Initial Investment for Production of Steel Drums
AMA Research follow 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Steel Drums Study Sheds Light on
The Steel Drums Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Steel Drums industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Steel Drums industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.