Global Bulk Chemical Drums Market - 2021-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	180 Pages	DataM Intelligence 4Market Research LLP	January, 2022	DTAM16894734

Best Price Guarantee
Price	from $4,350
Length	180 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	January, 2022
SKU	DTAM16894734

Global Bulk Chemical Drums Market - 2021-2028

Market Overview

The global bulk chemical drums market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

Bulk chemicals, usually called commodity chemicals, are manufactured in large quantities to suit expanding demand in several industries. Batch and continuous processes are used to manufacture bulk compounds. Bulk chemicals are made from large volumes of basic resources like crude oil and natural gas. Organic and inorganic chemicals are traded using bulk and commodity chemicals. Bulk chemicals are used in various industries, including agricultural, construction and automotive.

Commodity chemicals, also known as bulk chemicals, are utilized in various industries, including healthcare, food processing, chemicals, fertilizers, construction and transportation. The globally bulk chemicals market's growth is likely to be hampered by price volatility in petroleum and natural gas, as well as supply and demand imbalances.

Market Dynamics

The bulk chemical drums market is expected to grow due to rising preferences for higher valve containers for storing large volumes of chemicals, increased national and global bulk chemical trade, increased number of applications from emerging economies and the adoption of innovative packaging solutions. The most important aspects contribute to the market's growth and offer various opportunities to identify potential resources.

Rising demand for sophisticated containers designed for bulk liquid transportation.

The market for bulk chemical drums is expected to grow in the next years due to the global expansion of trading operations involving bulk chemical commodities. The improved performance of the manufacturing sector and industrial output is one of the primary reasons driving demand for bulk chemical drums. The performance of major economies globally has been consistent during the last three quarters. The considerable correlation between industrial output and demand for industrial packaging solutions is projected to boost market demand in the upcoming years.

Growing seaborne trade and demand for safer transportation

The bulk chemical drums market is expected to rise at a healthy rate during the forecast period. The increasing demand for safe and secure transportation of various items is attributed to the industry's growth. Steel drums and IBCs are projected to see increased use due to rising demand for shipping containers due to increased seaborne trade and a continuous focus on enhancing goods transportation. Steel drum and IBC makers are likely to benefit from the broader advantages in industrial and bulk packaging.

Rising prices of raw materials

During the forecast period, rising raw material prices and trade limitations on importing goods may hamper the expansion of the bulk chemical drums market. Commodity price volatility may not be a fad, as supplies of many raw materials become more difficult to secure. Steel's nominal price increased up to 167% since 2000, which is notable given the impact it has had on a variety of industries, including construction, automotive and transportation.

COVID-19 Impact Analysis

COVID-19 has badly impacted the oil and gas and petrochemical sectors because of a sharp drop in product demand, plummeting pricing and storage limitations. Oil prices have dropped by half since January 2020, with U.S. markets setting a new low. According to the Global Energy Agency, oil demand fell by 29 million barrels per day in April 2020 and is forecast to fall by 23.1 million barrels per day by the second quarter. Such variables influenced the demand for bulk chemical drums.

Segment Analysis

The bulk chemical drums market is segmented into steel drums, fiber drums, and plastic drums by product.

Steel drums are expected to be the dominant type during the forecast period (2021-2028)

Steel drums are considered beneficial due to their outstanding mechanical properties, such as high strength, good protective properties, gas barrier properties and excellent processing performance. It can also be rolled into various thicknesses of a sheet, foil, sheet stamping, rolling, stretching and welding of various forms and sizes of packaging containers.

Steel drums are used as packaging for hazardous products' transportation and storage. According to U.S. Department of Transportation, steel drums are the safest containers ( also, insurance rates for steel drum shipments are the lowest). As a result, the chemical sector controls a sizable portion of the steel drum market for safe packaging.

The inventory volume of steel drum containers in Japan increased by 11.2 percent from 2920 metric tons in 2013 to 3249 metric tons in 2019, according to the Ministry of Economy, Trade & Industry (Japan) 2020 Report.

Geographical Analysis

The growing manufacturing sector is likely to boost the growth in Asia-Pacific.

The Asia-Pacific's rapidly growing manufacturing sector will likely enhance industrial drums in the region. China, India and Indonesia are growing economies where global corporations continue to move their manufacturing sites.

In the production of fiber drums, China has shown promising progress. It outperforms other countries in terms of GDP, such as Malaysia and Singapore. The growing demand for advanced packaging solutions from local and global manufacturers has improved fiber drum quality. The booming retail sector and the rising inclination for lightweight bulk containers such as recyclable fiber drums are two significant drivers influencing the fiber drums market.

The most significant benefit of employing fiber drums is completely recyclable. As a result, the outlook for the fiber drums market in Asia-Pacific is likely to be good. Exports of vegetable oil and wines are increasing in the region, which is expected to fuel the growth of the industrial drums market in the coming years. Asian oil exporters prefer industrial drums over other bulk packaging materials. India and China are famous for their large-scale palm-oil exports, resulting in a considerable increase in demand for industrial drums in the region.

Competitive Landscape

Bulk chemical drums are a strongly competitive global market. Acquisitions are being undertaken to gain market share and expand the company's reach. For example, Mauser Group launched a skin liner barrier technology for its rigid plastics drums solutions on April 11, 2017. Industrial Container Services, LLC acquired Buckner Barrel Sales Corporation on August 17, 2017 and the Minneapolis/St. Paul-based businesses of Twin City Container, Inc. on December 15, 2015.

Key players operating in the global market for Bulk Chemical Drums include Grief Inc., C.L. Smith Company, Schutz Container Systems, Inc., Mauser Group B.V., Industrial Container Services (ICS), Sonoco Products Company, Alpha Drums, Inc, Orlando Drum & Container Corporation, TPL Plastech Ltd. and Great Western Containers Inc.

Grief Inc.

Overview: Greif is a global leader in industrial drums goods and services, intending to be the world's best customer service company in the industry. The company manufactures steel, plastic and fiber drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes & cores and a wide range of specialty goods. Greif serves global and regional consumers and maintains key sites in over 40 countries.

Product Portfolio: It manufactures drums accessories and provides filling, drums and other services for various industries.

Key Development: Greif, Inc., a global pioneer in industrial drums solutions, said today that the Consumer Drums Group business had been sold to Graphic Drums Holding Company for US$85 million in cash, as previously reported. The proceeds from the sale of CPG will be used to pay off debt.

Why Purchase the Report?

Visualize the composition of the bulk chemical drums segmentation by capacity, product, application and region, highlighting the critical commercial assets and players.

Identify commercial opportunities in bulk chemical drums by analyzing trends and co-development deals.

Excel data sheet with thousands of bulk chemical drums data points - level 4/5 segmentation.

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global bulk chemical drums report would provide access to an approx. 59 market data table, 54 figures and 180 pages.

Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

1. Global Bulk Chemical Drums Market Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Global Bulk Chemical Drums Market – Market Definition and Overview
3. Global Bulk Chemical Drums Market – Executive Summary: 3.1. Market Snippet By Capacity; 3.2. Market Snippet By Product; 3.3. Market snippet By Application; 3.4. Market Snippet by Region
4. Global Bulk Chemical Drums Market-Market Dynamics: 4.1. Market Impacting Factors; 4.1.1. Drivers; 4.1.1.1. Rising demand for sophisticated containers designed for bulk liquid transportation; 4.1.1.2. Growing seaborne trade and demand for safer transportation; 4.1.2. Restraints; 4.1.2.1. Rising prices of raw materials; 4.1.2.2. XX; 4.1.3. Opportunity; 4.1.4. Impact Analysis
5. Global Bulk Chemical Drums Market – Industry Analysis: 5.1. Porter's Five Forces Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. Global Bulk Chemical Drums Market – COVID-19 Analysis: 6.1. Analysis of COVID-19 on the Market; 6.1.1. Before COVID-19 Market Scenario; 6.1.2. Present COVID-19 Market Scenario; 6.1.3. After COVID-19 or Future Scenario; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During Pandemic; 6.5. Manufacturers Strategic Initiatives; 6.6. Conclusion
7. Global Bulk Chemical Drums Market – By Capacity: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity; 7.1.2. Market Attractiveness Index, By Capacity; 7.2. 100-250 liters*; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.3. 250-500 liters; 7.4. Above 500 liters
8. Global Bulk Chemical Drums Market – By Product: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 8.1.2. Market Attractiveness Index, By Product; 8.2. Steel Drums*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. Fiber Drums; 8.4. Plastic Drums
9. Global Bulk Chemical Drums Market – By Application: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 9.1.2. Market Attractiveness Index, By Application; 9.2. Consumer Chemicals*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Specialty Chemicals; 9.4. Basic Inorganic Chemicals; 9.5. Polymers; 9.6. Petrochemicals
10. Global Bulk Chemical Drums Market – By Region: 10.1. Introduction; 10.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 10.3. Market Attractiveness Index, By Region; 10.4. North America; 10.4.1. Introduction; 10.4.2. Key Region-Specific Dynamics; 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity; 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.4.6.1. U.S.; 10.4.6.2. Canada; 10.4.6.3. Mexico; 10.5. Europe; 10.5.1. Introduction; 10.5.2. Key Region-Specific Dynamics; 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity; 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.5.6.1. Germany; 10.5.6.2. UK; 10.5.6.3. France; 10.5.6.4. Italy; 10.5.6.5. Spain; 10.5.6.6. Rest of Europe; 10.6. South America; 10.6.1. Introduction; 10.6.2. Key Region-Specific Dynamics; 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity; 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.6.6.1. Brazil; 10.6.6.2. Argentina; 10.6.6.3. Rest of South America; 10.7. Asia-Pacific; 10.7.1. Introduction; 10.7.2. Key Region-Specific Dynamics; 10.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity; 10.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.7.6.1. China; 10.7.6.2. India; 10.7.6.3. Japan; 10.7.6.4. Australia; 10.7.6.5. Rest of Asia-Pacific; 10.8. The Middle East and Africa; 10.8.1. Introduction; 10.8.2. Key Region-Specific Dynamics; 10.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity; 10.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11. Global Bulk Chemical Drums Market – Competitive Landscape: 11.1. Competitive Scenario; 11.2. Market Positioning/Share Analysis; 11.3. Mergers and Acquisitions Analysis
12. Global Bulk Chemical Drums Market - Company Profiles: 12.1. Grief Inc.; 12.1.1. Company Overview; 12.1.2. Product Portfolio and Description; 12.1.3. Key Highlights; 12.1.4. Financial Overview; 12.2. C.L. Smith Company; 12.3. Schutz Container Systems, Inc.; 12.4. Mauser Group B.V.; 12.5. Industrial Container Services (ICS); 12.6. Sonoco Product Company; 12.7. Three Rivers Drums Inc.; 12.8. Orlando Drum & Container Corporation; 12.9. TPL Plastech Ltd.; 12.10. Great Western Containers Inc.(*LIST NOT EXHAUSTIVE)
13. Global Bulk Chemical Drums Market – Premium Insights
14. Global Bulk Chemical Drums Market – DataM: 14.1. Appendix; 14.2. About Us and Services; 14.3. Contact Us