Metal Drums Market Size 2022 CAGR Status, Share, Growth Prospects, Type, Manufacturers, Segments, Development Trends

The Metal Drums Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Metal Drums market growth.

The Global Metal Drums Market Size is Projected to Reach at a CAGR of 5% during 2022-2027.

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Market 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. 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.

Top Leading Companies:

Mauser Group, Greif Industrial, Schütz, Fustiplast, TR Lentz, Plastimol, Bilcam, Bidones Egara, Brambilla, Envaplast

Recent Development:

In March 2018, MAUSER USA, LLC acquired manufacturing facilities of Atlanta based MaschioPack North America LLC. This acquisition offers MAUSER an opportunity to expand its footprint in North America, with supply of additional manufacturing backing for its reconditioning affiliate, National Container Group (NCG). 

Metal Drums Market Segmentation by Type:

Small Size
Medium Size
Large Size

Metal Drums Market Segmentation by Application:

Chemicals
Petrochemicals / Lubricants
Food & Beverage
Pharma / Cosmetic
Others

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Asia Pacific is Expected 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.
China has shown optimistic growth in the production of fiber drums. In terms of value, it towers over other countries such as Malaysia and Singapore. The rising concerns for sophisticated packaging solutions towards products by local as well as renowned players have translated into better quality of fiber drums. Some of the key factors affecting the fiber drums market are the growing retail sector and the increasing preference for lightweight bulk containers such as recyclable fiber drums. The main advantage of using fiber drums is that they are 100% recyclable. Therefore, the outlook for the fiber drums market is expected to be positive in the Asia Pacific region.

Regional Metal Drums Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Metal Drums Market Report:

Detailed overview of Metal Drums Market
Changing the Metal Drums market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Metal Drums market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Metal Drums Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2017 to 2022 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Metal Drums Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Metal Drums industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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