Industrial Drum Market is expected to grow at a rate of 7.20% for the forecast period of 2020 to 2027 and is expected to reach USD 17.82 billion by 2027 with the factors such as the fluctuating cost of the raw materials for the manufacturing of industrial drums will hinder the growth of the market.
To overcome such hindrances the rapidly escalating manufacturing sector will boost various new opportunities which will drive the growth of the industrial drum market in the above mentioned forecast period.
Industrial Drum Market Scenario
According to Data Bridge Market Research the industrial drum market is on the rise due to various factors such as, the increasing usage of industrial drums in lubricants, food & beverages, petroleum, pharmaceuticals, building and construction. Rise in the international business & trade of chemicals & fertilizers along with wide-ranging demand for the products as packaging solutions among the end-users are also anticipated to enhance the growth of the industrial drum market in the forecast period of 2020 to 2027.
Now the question is which are the regions that industrial drum market players should target? Data Bridge Market Research has forecasted large growth in Asia-Pacific due to the growing high usage of industrial drums in vegetable oil and wines export in the region.
For more analysis on the industrial drum market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-industrial-drum-market
Industrial Drum Market Development
- In December 2019, Mauser Group had launched its new plastic tight head drum to congregate the packaging requirements in the healthcare industry along with the similar extremely regulated branches with unique necessities on the packaging material consistency and purity. With this product launch the company would be able to expand its product portfolio in the market.
Industrial Drum Market Scope
Industrial drum market is segmented on the basis of countries into U.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, Israel, Egypt, South Africa, 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.
- All country based analysis of the industrial drum market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, the industrial drum market is segmented into steel drum, plastic drum & fiber drum country. Based on capacity, the industrial drum market is segmented into Up to 100 liter, 100 to 250 liter, 250 to 500 liter & above 500 liter. The industrial drum market is also segmented on the basis of end-user into building & construction, chemical & fertilizers, food & beverages, paints, inks, & dyes, petroleum & lubricants, pharmaceuticals & other end uses.
- Industrial drum is generally used for the transporting powders and fluids, and are a round and void holder that are used to deliver mass freight. These industrial drums are made of fibers, plastics and steels.
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Key Pointers Covered in the Industrial Drum Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- Greif
- Sicagen
- Balmer Lawrie & Co. Ltd
- Time Technoplast Ltd
- SCHÜTZ GmbH & Co. KGaA
- BWAY Corporation
- Industrial Container Services
- Container Solutions
- TPL Plastech Limited
- Eagle Manufacturing Company
- U.S. COEXCELL INC
- Orora Packaging Australia Pty Ltd
- Balmer Lawrie & Co. Ltd
- FDL Packaging Group
- Fibre Drums
- Chicago Steel Container Corporation
Above are the key players covered in the report, to know about more and exhaustive list of industrial drum companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-drum-market
Research Methodology of Global Industrial Drum Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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