Data Bridge Market Research analyses that the Industrial Drum Market was growing at a value of USD 10.88 Billion in 2021 and is expected to reach a value of USD 20.67 Billion and registering a CAGR of 7.70% from 2022 to 2029.
Industry Analysis
- There has been immense growth in industrial drum market across the globe due to its increasing applications across the end users. The companies are considerably inventing and developing new items to meet market demand by extending their manufacturing capacities. Balmer Lawrie Co. constructed a new steel drum manufacturing plant in Vadodra, India, in 2019. The plant mostly produces 210L M.S. drums, but it also produces 235L drums. The factory has a capacity of 1 million drums per year (approx.). As a result, these growth determinants will further lead to increased traction for the market.
- An industrial drum is a cylindrical hollow holder primarily used to deliver large amounts of freight. Paperboard (also known as fibre drum), steel, and even polymers can be used to make industrial drums. These drums are designed for transporting liquids, powders, and hazardous materials.
Some of the key questions answered in this report:
- At what growth rate will the market be projected to grow during the forecast period of 2022 to 2029?
- What will be the market value in the future?
- What are the Major Companies Operating in the Industrial Drum Market?
- Which Countries Data is covered in the Industrial Drum Market?
Industrial Drum Market Scope
The industrial drum market is segmented on the basis of product type, capacity and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Steel Drum
- Plastic Drum
- Fiber Drum Country
On the basis of product type, the industrial drum market has been segmented into steel drum, plastic drum and fiber drum country. The steel drums are estimated to register the largest market share owing to its beneficial mechanical properties such as high strength, good protective properties like gas barrier properties and excellent processing performance which increases its adoption.
Capacity
- Up to 100 Liter
- 100 to 250 Liter
- 250 to 500 Liter
- Above 500 Liter
On the basis of capacity, the industrial drum market is segmented into up to up to 100 liter, 100 to 250 liter, 250 to 500 liter and above 500 liter.
End-User
- Building and Construction
- Chemical and Fertilizers
- Food and Beverages
- Paints
- Inks and Dyes
- Petroleum and Lubricants
- Pharmaceuticals
- Other End Uses
On the basis of end-user, the industrial drum market is segmented into building and construction, chemical and fertilizers, food and beverages, paints, inks and dyes, petroleum and lubricants, pharmaceuticals and other end uses.
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Industrial Drum Market Regional Analysis/Insights
- The industrial drum market is analysed and market size insights and trends are provided by country, product type, capacity and end-user as referenced above.
The countries covered in the Industrial Drum Market report are
- S., Canada and Mexico in North America
- Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
- China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
- Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
- Brazil, Argentina and Rest of South America as part of South America
Competitive Landscape and Industrial Drum Market Share Analysis
The industrial drum market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial drum market.
Some of the major players operating in the Industrial Drum market are:
- Greif (U.S.)
- TPL Plastech Ltd. (India)
- Balmer Lawrie & Co. Ltd (India)
- Time Technoplast Ltd (India)
- Sicagen (India)
- BWAY Corporation (U.S.)
- Schütz GmbH & Co. KGaA. (Germany)
- Eagle Manufacturing Company (U.S.)
- 3M (U.S)
- Orora Packaging Australia Pty Ltd (Australia)
- Industrial Container Services, (U.S.)
- Chicago Steel Container Corporation (U.S.)
- S. COEXCELL Inc (U.S.)
- NORTH COAST CONTAINER LLC. (U.S.)
- Rahway Steel Drum Company (U.S.)
- General Steel Drum LLC (U.S)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Industrial Drum Market by Product & Procedure type
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-drum-market
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