Allied Market Research

2024

Steel Drums Market

Steel Drums Market Size, Share, Competitive Landscape and Trend Analysis Report, by Material, by Type, by Capacity, by Industry Vertical and, by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

CG : Packaging

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Author's: | Roshan Deshmukh
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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

  • The global packaging industry is adversely affected by the outbreak of pandemic.
  • There is a drastic downfall in demand due to the COVID-19 pandemic.
  • The companies are facing problems as the travel is restricted as well as the trade. 
  • As there is restriction on import-export, the need for the steel drums and the container boards has decreased, as they are used to transport in bulk and keep them safe.
  • Most factories are closed, which has decreased the sales of the packaging materials. 
  • The companies have stopped production due of less labor, and disruption in the supply of raw material.

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. 

Key Benefits of the Report

  • This study presents the analytical depiction of the global steel drums industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global steel drums market share.
  • The current market is quantitatively analyzed to highlight the global steel drums market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global steel drums market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Steel drums Market Research Report

  • Which are the leading players active in the steel drums market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?

Steel Drums Market Report Highlights

Aspects Details
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By Material
  • Stainless Steel
  • Cold Rolled Steel
  • Carbon Steel
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By Type
  • Tight Head
  • Open Head
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By Capacity
  • Up to 10 Gallons
  • 10-30 Gallons
  • 30-50 Gallons
  • 50-80 Gallons
  • 80 Gallons and Above
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By Industry Vertical
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Oils & Lubricants
  • Paints & Dyes
  • Chemicals & Solvents
  • Building & Construction
  • Agriculture
  • Others
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By Sales Channel
  • Online Retail
  • Offline Retail
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Middle East, Brazil, Rest of LAMEA)
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Key Market Players

North Coast Container Corp, Izvar Ambalaj Sanayi VE Ticaret AS, James G Carrick & Co Ltd., Chicago Steel Container Corp., Mauser Group B.V., Greif, Inc., General Steel Drum LLC, Clouds Drums Dubai LLC, Metal Drum Co Ltd, Rahway Steel Drum Co Inc., Skolnik Industries Inc, Industrial Container Services Inc.

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Steel Drums Market

Global Opportunity Analysis and Industry Forecast, 2023-2032