Metal Drums: An Overview
A rise in demand for chemicals & petroleum lubricants from varied end-use industries with a mounting focus on strengthening the supply chain capability is expected to drive the need for industrial metal drums. Metal drums are anticipated to be the most common form of liquid, semi-liquids (solvents) and powder packaging. Manufacturers across the globe are siting increase in demand for cost-economical yet exceedingly efficient solutions to overcome the bulk packaging challenges. Hence, several industrial rigid packaging companies concentrate on expanding their product range to cater budding demands from numerous end-use industries.
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Key developments & Trends
The established market players that currently operate in the industrial packaging market are out to acquire or collaborate with local/regional players in order to expand its market presence and gain significant market share.
For instance:
- In March 2018, MAUSER USA, LLC acquired manufacturing facilities of Atlanta based MaschioPack North America LLC. This acquisition offers MAUSER an opportunity to expand its footprint in North America, with supply of additional manufacturing backing for its reconditioning affiliate, National Container Group (NCG).
Global metal drums market: Research methodology
A robust methodology was used to arrive at the market size of metal drums. Both supply-side and demand side analysis were performed.
Supply-side analysis
The key manufacturers of metal drums were identified, and their revenues were tracked with the help of primary interviews and paid databases such as Factiva, Avention, and Morningstar, among others. The revenue generated by the sale of industrial packaging segment was carefully tracked for each company, from which, the revenue generation from the sale of metal drums was mapped. The production capacity of each key player was tracked. Based on the data, a tier analysis was performed to classify the companies under different revenue categories.
Demand-side analysis
The demand for industrial metal drums was carefully tracked. The data was split among various end use industries and applications for metal drums to arrive at the demand. Various sources were cited to validate the numbers obtained, industry experts (sales and business heads of key companies, paid interviews with independent packaging consultants, etc.) were contacted, along with extensive desk research.
Global Metal drums Market: Segmentation
The global metal drums market has been segmented as follows –
On the basis of capacity of drums, the global metal drums market has been segmented as –
- Less than 10-gallon drums
- Ranging between 10-gallon to 20-gallon
- Ranging between 20-gallon to 30-gallon
- Ranging between 30-gallon to 50-gallon
- Ranging between 50-gallon to 70-gallon
- Ranging between 70-gallon to 100-gallon
- Above 100-gallon drums
On the basis of product type, the global metal drums market has been segmented as –
- Stainless steel drums
- Cold rolled steel drums
- Hot rolled steel drums
- Galvanized iron drums
- Tin plate coil drums
- Others
On the basis of applications, the global metal drums market has been segmented as –
- Food & Beverages
- Chemicals & Pharmaceuticals
- Food & Beverage
- Paints, Inks & Dyes
- Building & Construction
- Plastics & Rubber
- Agriculture and Horticulture
- Oil & Lubricants
- Other Industrial applications
On the basis of region, the global metal drums market is segmented as –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
- Japan
North America an established market with significant volumetric transactions of industrial goods, is estimated to lead the charge in the global metal drums market, with Asia-Pacific likely to follow its foot steps.
Global metal drums market: Key players
Few of the leading players operating in the global metal drums market are –
- Mauser Group B.V.
- Balmer Lawrie & Co. Ltd.
- Greif, Inc.
- Clouds Drums L.L.C.
- Metal Drum Company Limited(THE).
- Con-Tech International Inc.
- Eagle Manufacturing Company.
- Richmond Machine Company.
- Kaplan Container Inc.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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