Report Code: A14406 | Pages: NA | Mar 2023 | 1333 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Steel Drums Market
Request Now !The global steel drum market has projected notable growth and is expected to grow exponentially in the coming years. Steel is the most durable material in the packaging container industries. The steel drums are the packaging container in cylindrical shape. Steel drums are used to store liquid, semi-solid, and powder things. Steel drums store the thing in its original form with the change in temperature, pressure, and humidity. They are made to resist heat and prevent any leakages. They are thermal shock resistant and do not need any maintenance during shipments. There are different types of designs and sizes of the steel drums available in the market. The steel drums are most feasible for transporting and storing chemicals, flammable materials due to their heat or flame-resistant feature. Steel drums are used for storing things in bulk or transporting. The steel drum is made with different materials like cold rolled steel, carbon steel with different capacities. The steel drums market is segmented on the basis of material, type, capacity, industry vertical, sales channel, and region.
COVID-19 Scenario Analysis
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The factors that drive the growth of the steel drums market are increase in the packaging industries, and an increase in the demand for the temperature resistance, cost-effective packaging solutions. In addition, the growth in demand for the durable and bulk transportation, the demand for the steel drums has increased. The growth of the chemical industries and pharmaceutical companies can boost the growth of the steel drums market; as to store chemicals, lubricants, and other chemicals, steel drums are the most suitable choice.
However, the increase in the cost of the raw material, which further is expected to increase the price of the steel drums, can create a threat to the global steel drums market. Also, substitute products and a decrease in the quality of the steel can hamper the growth of the steel drums market. Even so, the growth in technology in the packaging industry and a reduction in the cost of the raw material can create an opportunity for the growth of the global market. Moreover, the increase in disposable income and rapid urbanization can support the growth of the steel drums market. Furthermore, the increase in the quality and growing use of steel drums in different industries like agriculture and food & beverages can also boost the growth of the steel drums market.Â
Key Benefits of the Report
Questions Answered in the Steel drums Market Research Report
Steel Drums Market Report Highlights
Aspects | Details |
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By Material |
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By Type |
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By Capacity |
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By Industry Vertical |
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By Sales Channel |
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By Region |
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Key Market Players | Mauser Group B.V., Greif, Inc., North Coast Container Corp, Rahway Steel Drum Co Inc., General Steel Drum LLC, Skolnik Industries Inc, Metal Drum Co Ltd, Clouds Drums Dubai LLC, James G Carrick & Co Ltd., Chicago Steel Container Corp., Izvar Ambalaj Sanayi VE Ticaret AS, Industrial Container Services Inc. |
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