Global Industrial Drums Market Report 2020: Growth, Trends, and Forecasts to 2025 - Key Players are Greif Inc., SCHUTZ GmbH & Co. KGaA, and Mauser Group - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Industrial Drums Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

Industrial drums are used for the storage and transportation of materials for the delivery of mass freight. These drums are typically used for shipment of unsafe and hazardous products, and these drums are also known as barrels.

Industrial drums allow higher operational efficiency and effectiveness in shipping bulk quantities of commodities in liquid form. Industrial drums offer cost-effective transport packaging solutions for shipment of both hazardous and non-hazardous materials, like chemicals, wines, fruit juices, etc.

Industrial drums have been widely used to package chemical and fertilizers, petroleum lubricants, among others. Moreover, the adoption of industrial drums among the packaging industry is increasing. The packaging manufacturer is focusing on recycling, downgauging, optimizing pack size, and safety. Industrial drums offer these features to many corporations and companies to effectively maintain sustainability initiatives.

Slow automation technological adoption among industrial drum manufacturers is expected to hold back the advance orders from various end-user industries. With the outbreak of COVID-19, the market is going to get affected due to a lack of resource crunch at production sites and lockdown situation in countries that may impact the supply chain adversely.

Key Market Trends

The Steel Drums Segment is Expected to Hold the Major Market Share

Steel drum's excellent mechanical properties, such as high strength, good protective properties, like gas barrier properties, and excellent processing performance, are expected to be positive factors in terms of usage. Moreover, it can be rolled into a various thickness of the sheet, foil, sheet stamping, rolling, stretching, and welding made of different shapes and sizes of the packaging container.

The rise in the demand for chemicals and petroleum lubricants from varied end-user industries and a significant focus on strengthening the supply chain capability are expected to drive the need for industrial metal drums. Steel drums are also used as packaging solutions for transporting and storing hazardous or dangerous goods. Additionally, the US Department of Transportation indicated that steel drums are the safest containers.

Asia-Pacific to Witness a Significant Growth Rate

The rapidly evolving manufacturing sector in the Asia-Pacific region is expected to increase the usage of industrial drums in the region. Global manufacturers are continuing to shift their manufacturing bases to emerging economies, like China, India, and Indonesia.

Competitive Landscape

The industrial drums market remains quite fragmented, due to the existence of numerous international, regional, and local vendors. With the growing usage of industrial drums in various end-user industries, many companies are entering the competition, making it more intensified. Some of key players of the market include Greif Inc., SCHUTZ GmbH & Co. KGaA, and Mauser Group BV.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

4.3 Market Drivers

4.3.1 Increasing Demand for Industrial Drum from the Chemical and Fertilizers, and Petroleum Lubricant Industries

4.3.2 Growing Focus on Strengthening Supply Chain Capabilities among End Users

4.4 Market Challenges

4.4.1 Environmental Degradation

4.4.2 Fluctuating Raw Material Price

5 MARKET SEGMENTATION

5.1 Product Type

5.1.1 Steel Drums

5.1.2 Plastic Drums

5.1.3 Fiber Drums

5.2 End-user Industry

5.2.1 Food and Beverage

5.2.2 Chemicals and Fertilizers

5.2.3 Pharmaceuticals

5.2.4 Petroleum and Lubricants

5.2.5 Other End user Industries ( Building and Construction, Paints, Inks, and Dyes)

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Latin America

5.3.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Greif Inc.

6.1.2 Sicagen India Ltd

6.1.3 Balmer Lawrie & Co. Ltd

6.1.4 Time Technoplast Ltd

6.1.5 SCHUTZ GmbH & Co. KGaA

6.1.6 Mauser Group NV

6.1.7 Industrial Container Services LLC

6.1.8 TPL Plastech Ltd

6.1.9 Eagle Manufacturing Company

6.1.10 U.S. Coexcell Inc.

6.2 Investment Analysis

7 MARKET TRENDS AND FUTURE OPPORTUNITIES

For more information about this report visit https://www.researchandmarkets.com/r/qickz7