Chemical Drums Market,By Material (Plastic (HDPE), Steel, Fiberboard), By Capacity (Small drums (few gallons), Large drums (hundreds of gallons or liters)), By Closure Type (Removable lids, Bolted closures, Drum plugs), By Application (Industrial chemicals, Pharmaceuticals, Food-grade products, Hazardous waste), By Shape (Cylindrical, Conical, Square), By Reusability (Single-use drums, Reusable/reconditioned drums), By Customization (Personalized labels, Logos, Markings), By Industry (Chemical manufacturing, Pharmaceuticals, Oil and gas, Food and beverage, Agriculture), By Geographical region (Regional preferences, Regulatory requirements, Market dynamics), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Chemical drums are hollow, cylindrical containers made of steel. They are usually fitted with a metal or plastic lid. They are commonly used as intermediate containers between process units or for liquid collection or separation of two immiscible fluids. They also offer flow rate stability for process streams. In the case of leaking or deteriorating drums, the contents are advised to transfer to a safer container using a specialized drum pump. If the drum cannot be moved without rupturing, it should be placed in an overpack and transported to waste management. The overpack can be sealed with a rubber seal and cushioning material to prevent movement and absorb liquids in the event of a leak.
Market Dynamics:
The bulk chemical drums market is driven by the rising demand for chemicals in industries such as agriculture, electronics, manufacturing, construction and oil refining. These chemicals are used in production processes that involve a high level of toxicity or require the use of large quantities of chemicals.
However, plastic drums, which are frequently used in the chemical industry, have a considerable negative influence on the environment. Drums constructed of plastic are mostly made of non-biodegradable materials, which add to the pollution and waste of plastic. Manufacturers of plastic drums face hurdles as a result of expanding environmental restrictions and consumer demand for sustainable packaging solutions, which increases the demand for eco-friendly substitutes.
Key features of the study:
This report provides in-depth analysis of the global chemical drums market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global chemical drums market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Greif, Inc., Mauser Group, SCHÜTZ GmbH & Co. KGaA, Time Technoplast Ltd., Hoover Ferguson Group, Balmer Lawrie & Co. Ltd., Sicagen India Ltd., Industrial Container Services, LLC, Fibrestar Drums Limited, Snyder Industries, Inc.,Sonoco Products Company, Great Western Containers Inc.,Myers Container LLC,Myers Industries, Inc., Eagle Manufacturing Company.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global chemical drums market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global chemical drums market
Detailed Segmentation:
Global Chemical Drums Market, By Material:
Plastic (HDPE)
Steel
Fiberboard
Global Chemical Drums Market, By Application:
Industrial chemicals
Pharmaceuticals
Food-grade products
Hazardous waste
Global Chemical Drums Market, By Shape:
Cylindrical
Conical
Square
Global Chemical Drums Market, By Capacity:
Small drums (few gallons)
Large drums (hundreds of gallons or liters)
Global Chemical Drums Market, By Reusability:
Single-use drums
Reusable/reconditioned drums
Global Chemical Drums Market, By Customization:
Personalized labels
Logos
Markings
Global Chemical Drums Market, By Closure type:
Removable lids
Bolted closures
Drum plugs
Global Chemical Drums Market, By UN Certification:
Compliance with UN regulations for hazardous material transportation
Global Chemical Drums Market, By Industry:
Chemical manufacturing
Pharmaceuticals
Oil and gas
Food and beverage
Agriculture
Global Chemical Drums Market, By Geographical region:
Regional preferences
Regulatory requirements
Market dynamics
Global Chemical Drums Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Greif, Inc.
Mauser Group
SCHÜTZ GmbH & Co. KGaA
Time Technoplast Ltd.
Hoover Ferguson Group
Balmer Lawrie & Co. Ltd.
Sicagen India Ltd.
Industrial Container Services, LLC
Fibrestar Drums Limited
Snyder Industries, Inc.
Sonoco Products Company
Great Western Containers Inc.
Myers Container LLC
Myers Industries, Inc.
Eagle Manufacturing Company