GCC Region Industrial Drum Market is expected to grow with a CAGR of 3.8% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.
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GCC region industrial drum market is a highly consolidated market, which includes a specific number of key and local players. The market has witnessed increased strategic developments owing to a favorable market scenario.
For Instance,
- In December 2022, Grief, “Completion of this acquisition is very exciting for both companies. Lee is a premiere organization and fits perfectly within the strategic parameters of our repeatable M&A playbook. We foresee abundant opportunities to continue growing Lee organically as well as seeking add-on acquisitions to further broaden our footprint in jerry cans and small plastics.
The major players in the GCC region industrial drum market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.
Greif is the dominating player in this market. Some of the other players are Time Technoplast Ltd., DANA Group of Companies, Al Fujairah Steel Barrels and Drums L.L.C, Anglo American Steel L.L.C., Balmer Lawrie (UAE) LLC, Drum Express, Al Yamama Plastic Factory, PGTC Group, Al-Babtain Plastic & Insulation Materials Mfg. Co. ltd, Elan Incorporated FZE, VWR International, LLC., STARLINK Dubai LLC, INTC Steel Drums LLC, Emirates Plastic Industries Factory, and Clouds Drums Dubai LLC, among others.
Greif
Greif is headquartered in Dubai, UAE, and as public ownership, it was founded in 1877. The company is engaged in providing industrial packaging products and services. The company has adhesive product categories, coated recycled paperboard, construction products, containerboard, corrugated bulk boxes, corrugated litho lamination, edge & angle board protectors, corrugated sheets, fiber drums, intermediate bulk containers, jerry cans, packaging closures, paper coatings, plastic drums, recycling, steel drums, tubes & cores, URB & specialty converting and water bottles out of which fiber drums, intermediate bulk containers, plastic drums, and steel drums are the market focused product. The company has a wide global presence across North America, Latin America, Asia-Pacific, Europe, and Middle East and Africa.
For Instance,
- In December 2022, Grief, “Completion of this acquisition is very exciting for both companies. Lee is a premiere organization and fits perfectly within the strategic parameters of our repeatable M&A playbook. We foresee abundant opportunities to continue growing Lee organically as well as seeking add-on acquisitions to further broaden our footprint in jerry cans and small plastics.
Time Technoplast Ltd
Time Technoplast Ltd is a publicly owned company headquartered in Mumbai, India. It was founded in 1992. The company focuses on innovative technology-driven products catering to growing industry segments like industrial packaging solutions, healthcare products, composite cylinders, etc. Intermediate bulk container, material handling, mox films, composite cylinder, industrial packaging, infrastructure products, automotive components, lifestyle products, and kavach face shield, out of which industrial packaging is market focused category.
The company has a wide global presence across Bahrain, Egypt, Indonesia, India, Malaysia, U.A.E., Taiwan, Thailand, Vietnam, Saudi Arabia, and U.S.
VWR International, LLC
VWR International, LLC is headquartered in Leicestershire, U.K., as private ownership. It was founded in 1852. The company's goal was to give access to mission-critical product and service solutions in life sciences and other regulated industries such as pharmaceuticals, industrial, advanced technology, and others. The company has product categories which are adhesives, anemometers, barrels, kegs, drums, batteries, calorimeters, desiccators, electrodes, fittings, gas cylinders, heaters, ice containers, jars, knives, labels, manometers, nucleotides, osmometers, pipettes, refractometers, scrapers, sterilizers, tachometers, ultrasonic baths, valves, watch glasses, and others out of which barrels, kegs, and drums are market focused categories.
The company has a wide global presence across Africa, Asia, Europe, South America, and North America.
