Warehouse Drums and Barrel Market By Material (Steel, Plastic, Fiber), By Application (Liquid, Powder), By End user industry (Petroleum, Pharmaceutical, Paints, Food, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global warehouse drums and barrel market was valued at $18,875.8 million in 2021, and is projected to reach $30,132.48 million by 2031, registering a CAGR of 4.7% from 2022 to 2031. Chemicals and fuels are widely used in many industries such as manufacturing, construction, and pharmaceutical. Warehouse drum and barrels are used to transport and store such chemicals and fuels. These storing media are cylindrical in shape and are used to handle hazardous and non-hazardous goods. Due to their round shape, these drums and barrels do not have edges, owing to which they are inherently stronger thin comparison with any other container having edges. In addition, they are especially made with standardized dimensions, in such a way that they can be stacked one over the other. This is very helpful in the efficient transportation and storage of the drums and barrels.
Drums and barrels are highly in demand due to their wide scope of usage. Therefore, end users of warehouse drums and barrels are chemicals, food & beverages, pharmaceuticals, and construction. In addition, they are common components in the shipping and storage industry and can easily be found in industrial retail stores. Major players in the warehouse drums and barrels industry adopt advanced technological solutions to increase the strength and durability of their products to sustain the competition in the warehouse drums and barrel market. Businesses in the chemical industry, such as paints and solvents, are witnessing a rise in demand, which is attributed to the increase in industrialization. This factor is anticipated to boost the demand for warehouse drums and barrels. Moreover, the pharmaceutical sector is experiencing significant growth, due to rise in the aging population across the world. This is one of the factors likely to increase the demand for the warehouse and barrel market. Further, the warehouse drums and barrels make it easier to handle and transport the liquid and powder cargo, which is one of the driving factors for the growth of the warehouse and barrel market.
However, the plastic drums are a cause of great concern as they are contributing to an increase in pollution. This is one of the restraining factors currently hindering the growth of the warehouse drums and barrel market.
On the contrary, the ongoing developments in eco-friendly plastic can resolve the issue of pollution due to plastic containers, and it is expected to create lucrative opportunities for the warehouse drums and barrel market growth during the forecast period.
The global warehouse drums and barrel market is segmented on the basis of material, application, end user industry, and region. On the basis of material, the market is segmented into steel, plastic and fiber. By application, the market is divided into liquid and powder. By end user industry, it is classified into petroleum, pharmaceutical, paints, food and others. Region wise, the global warehouse drums and barrel market analysis is conducted across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the warehouse drums and barrel market analysis from 2021 to 2031 to identify the prevailing warehouse drums and barrel market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the warehouse drums and barrel market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global warehouse drums and barrel market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End user industry
Petroleum
Pharmaceutical
Paints
Food
Others
By Material
Steel
Plastic
Fiber
By Application
Liquid
Powder
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest Of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Advance Drum Service, Inc.
Amcor Limited
Container Distributors Inc.
Illing Company, Inc.
Greif Inc.
Industrial Container Services, LLC
Jakacki Bag & Barrel
Meyer Steel Drum, Inc.
Mauser Packaging Solution
Nippon Steel Drum Co. Ltd.
Stavig Group
Snyder Industries, LLC
Skolnik Industries Inc
Sonoco Products Co.
Schuetz GmbH & Co. KGaA
Rahway Steel Drum Company, Inc.
Tank Holding Corporation
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