Transparency Market Research
Metal Drums: An Overview
A rise in demand for chemicals & petroleum lubricants from varied end-use industries with a mounting focus on strengthening the supply chain capability is expected to drive the need for industrial metal drums. Metal drums are anticipated to be the most common form of liquid, semi-liquids (solvents) and powder packaging. Manufacturers across the globe are siting increase in demand for cost-economical yet exceedingly efficient solutions to overcome the bulk packaging challenges. Hence, several industrial rigid packaging companies concentrate on expanding their product range to cater budding demands from numerous end-use industries.
Metal drums market: Dynamics
Developing economies such as India & China are likely to witness very minimal sign of economic slow-down compared to Western economies. Booming economy owing to growth in the industrial sector, in this APAC region is projected to channelize the warehousing as well as logistics sector thereby generating the demand of rigid heavy duty metal drums.
Key developments & Trends
The established market players that currently operate in the industrial packaging market are out to acquire or collaborate with local/regional players in order to expand its market presence and gain significant market share.
Global metal drums market: Research methodology
A robust methodology was used to arrive at the market size of metal drums. Both supply-side and demand side analysis were performed.
The key manufacturers of metal drums were identified, and their revenues were tracked with the help of primary interviews and paid databases such as Factiva, Avention, and Morningstar, among others. The revenue generated by the sale of industrial packaging segment was carefully tracked for each company, from which, the revenue generation from the sale of metal drums was mapped. The production capacity of each key player was tracked. Based on the data, a tier analysis was performed to classify the companies under different revenue categories.
The demand for industrial metal drums was carefully tracked. The data was split among various end use industries and applications for metal drums to arrive at the demand. Various sources were cited to validate the numbers obtained, industry experts (sales and business heads of key companies, paid interviews with independent packaging consultants, etc.) were contacted, along with extensive desk research.
Global Metal drums Market: Segmentation
The global metal drums market has been segmented as follows –
On the basis of capacity of drums, the global metal drums market has been segmented as –
On the basis of product type, the global metal drums market has been segmented as –
On the basis of applications, the global metal drums market has been segmented as –
On the basis of region, the global metal drums market is segmented as –
North America an established market with significant volumetric transactions of industrial goods, is estimated to lead the charge in the global metal drums market, with Asia-Pacific likely to follow its foot steps.
Global metal drums market: Key players
Few of the leading players operating in the global metal drums market are –
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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