0
Upcoming Allied Market Research
2023
Industrial Drum Market

Industrial Drum Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Report Code: A07902
Pages: NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Industrial Drum Market Outlook - 2027

An industrial drum is a circular and hollow container used for transportation of mass freight. Industrial drums can be manufactured using materials such as plastic, steel, and fiber amongst others. The type of material used depends on the application. Plastic drums are used for acidic materials, steel drums are used for chemical processing, and fiber drums are used for solid materials. Industrial drums are available in different sizes. The most commonly used drum size for shipping purposes is the 55-gallon drum, which means the drum has a capacity of 55 gallons. Industrial drums have applications in industries like oil and gas, petroleum, food and beverage, construction, manufacturing, agriculture, and more.  

COVID-19 Scenario analysis:

  • COVID-19 pandemic has shut-down the production of various products in the industrial drum industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of industrial drum market significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Drivers, restraints, and opportunities

A surge in demand for industrial drums in petroleum, food and beverages, chemical, and other industries, is a major factor that can potentially drive the growth of the industrial drum market in the upcoming years. Besides, rising manufacturing activity in the emerging nations worldwide is expected to steer the growth of the industrial drum market. Industrial drums have emerged as a cost-effective transport solution for shipments of non-hazardous materials like fruit juices, wines, and more. This can be one factor that is expected to propel the demand for industrial drums in the future. However, complexities in supply chain and fluctuations in oil prices are anticipated to hinder the growth of the global industrial drum market. On the contrary, escalating intercontinental trade of various products such as chemicals, oil, food, and beverages, and others, are expected to fuel the growth of the industrial drum market during the forecast period.

Trends in the industrial drum market

Rapid globalization leading to an increase in international trade

Escalating intercontinental trade of various products like chemicals, oil, food and beverages, and others is expected to support the industrial drum market in the upcoming years. Rapid globalization among different nations has led to an increase in international trade. The U.S. is the top oil-producing country in the world as of 2019 with an average of 17.87 million barrels per day. The average oil production in the U.S. reached 15.6 million barrels per day in 2018. China is the largest importer of crude oil in the world with an average of 10.1 million barrels per day. In addition, rising productivity, imports, and exports of oil have resulted in increasing international trade that can eventually boost the demand for industrial drums. The above factors can propel the growth of the industrial drum market during the forecast period.

Business expansion by key players

The industrial drums market remains quite stable due to the existing and growing number of local, regional, and international vendors. With the increasing demand for industrial drums in various end-user industries like chemical, manufacturing, petroleum, and others, many new companies are entering the market making it more reinforced. For instance, Balmer Lawrie & Co. Ltd in the year 2019 opened its new steel drum manufacturing industrial plant at Vadodara, Gujarat. Balmer Lawrie & Co. Ltd is India’s largest manufacturer of 55-gallon drums. The business expansion by key players across the world can be accountable for the positive growth of the industrial drum market.

Key benefits of the report:

  • This study represents the analytical representation of the global industrial drum market combined with the ongoing trends and future predictions to determine investment opportunities.
  • The present market is thoroughly analyzed to enlighten the industrial drum market growth.
  • The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global industrial drum market.
  • Segmentation details of the global industrial drum market.
  • The report gives a comprehensive global industrial drum market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years. 

Industrial Drum Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights

Aspects Details
By Product Type
  • Steel drums
  • Plastic drums
  • Fiber drums
By Capacity
  • Less than 100 Liters
  • 100-250 Liters
  • 250-500 Liters
  • More than 500 Liters
By End-user
  • Chemical
  • Food and beverages
  • Oil
  • Petroleum
  • Others
By Others
  • North America
    • US
    • Mexico
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
Key Market Players TPL Plastech Ltd., Schutz Container Systems, Inc., Time Technoplast Ltd., Balmer Lawrie & Co. Ltd., Sicagen India Ltd., Industrial Container Services, LLC, U.S. COEXCELL Inc., Greif Inc., Eagle Manufacturing Company, Mauser Group B.V.
 

Loading Table Of Content...


 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Industrial Drum Market

Start reading.
This Report and over 71,230+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise
    License/PDF

  • $9,870
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers