Global Steel Drums Market is Expected to Reach a Market Value of USD 12.47 Billion by 2027

Steel Drums Market is estimated to grow at 5.51% for 2020-2027 with factors such as easy availability of alternative product along with high cost of product which will impede the growth of the market in emerging economies.

Steel drums market has shown an exceptional penetration in developed economies in North America. The growing demand of the packaged products which will help in driving the growth of the market.

Steel Drums Market Scenario

According to Data Bridge Market Research the steel drums market is attaining a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as growing demand for cost effective packaging solutions, increasing usage of steel drums due to their high mechanical strength, growing demand from paint and coating industry which will help in boosting the growth of the market.

Now the question is which are the other regions that steel drums market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific steel drums market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the steel drums market.

For more analysis on the steel drums market request for a briefing with our analysts

Steel Drums Market Scope

Steel drums market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the steel drums market is further analyzed based on maximum granularity into further segmentation. On the basis of material type, the market is segmented into stainless steel, cold rolled steel and carbon steel. On the basis of head type, the market is segmented into tight head and open head. Based on capacity, the market is segmented into up to 10 gallons, 10- 30 gallons, 30- 50 gallons, 50-80 gallons and 80 gallons and above. Based on end-users, the market is segmented into food and beverage, healthcare and pharmaceutical, oil and lubricants, paints and dyes, chemical and solvent, building and construction, agriculture and other application.
  • Steel drums are certain drums made of steel that are used to hold both dangerous and harmless substances, such as chemicals, paints, oil and others, as the name suggests. Steel is known to be a good and durable manufacturing commodity for industrial grade containers. Such steel drums are able to perform well at varying temperatures and remain unaffected by thermal shocks.

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Key Pointers Covered in the Steel Drums Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • BWAY Corporation
  • Greif
  • Rahway Steel Drum Company
  • General Steel Drum LLC
  • Skolnik Industries Inc
  • The Metal Drum Company
  • Clouds Drums Dubai LLC
  • James G Carrick Ltd
  • Chicago Steel Container Corporation
  • Industrial Container Services
  • SCHÜTZ GmbH & Co. KGaA.
  • Myers Container
  • Patrick Kelly Drums
  • Eagle Manufacturing Company.
  • Orlando Drum & Container Corporation
  • The Cary Company
  • Balmer Lawrie
  • Milford Barrel.

Above are the key players covered in the report, to know about more and exhaustive list of steel drums companies contact us

Research Methodology: Global Steel Drums Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated 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 versus Regional 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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