This Industrial Pails And Drums market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Industrial Pails And Drums market.
Over the past few decades manufacturing sector is not only evolving in terms of quality and quantity of goods produced but also witnessing dynamic shift in terms of packaging, storage and transportation. Industries such as chemical, pharmaceuticals, food and beverage and many more are constantly focusing on strengthening the supply chain capability in order to deal with the increasing demand. Manufacturers are increasingly demanding for cost effective yet highly efficient packaging solution to overcome the bulk packaging challenges. Industrial pails and drums play a vital role in overcoming these aforementioned challenges. Pails and drums are anticipated to be the most common form of liquid packaging. Pails are the cylindrical containers made up of plastic or metal available usually with capacity of about 3 to 50 L. Drums are the rigid or semi-rigid cylindrical structures made up of metal, plastic or paperboard primarily used primarily for liquid and powder products.
Industrial Pails & Drums: Drivers and Restraints
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Industrial Pails & Drums: Segmentation
On the basis of product type global industrial pails and drums are segmented primarily segmented into pails and drums. Furthermore, on the basis of material type, industrial pails and drums market are segmented into metal, plastic and paperboard. The plastic segment is further segmented into high density polyethylene (HDPE), low density polyethylene (LDPE), polypropylene (PP) and others. On the basis of end use global industrial pails and drums market is segmented into chemicals, pharmaceuticals, food and beverages, petroleum & petrochemicals, lubricants and others.
Industrial Pails & Drums: Regional Outlook
On the basis of geography, global industrial pails and drums market are segmented into North America, Latin America, Europe, Asia Pacific and MEA. Moreover, Europe is anticipated to be the largest market for the global industrial, pails and drums market in terms of volume and value. However, Asia pacific due to its rapidly evolving manufacturing sector is anticipated to register highest CAGR over the forecast period. Global manufacturers are rapidly shifting their manufacturing bases to emerging economies of China, India, Indonesia based in Asia Pacific region. Furthermore, North America is anticipated to grow at healthy CAGR to become as third largest market for the global industrial pails and drums market. Followed by MEA, Latin America is anticipated to grow at moderate growth rate while it is anticipated that growing investor and manufacturer confidence in Middle East and Africa region is anticipated to show promising growth over the next decade. The economies in Middle East and Africa are constantly shifting their core oil centered business to chemical, plastic, pharmaceutical and construction which is anticipated to drive the demand of industrial pails and drums throughout the forecast period
Industrial Pails & Drums: Key Players
Some of key market participants in the global industrial pails and drums market are SCHÜTZ GmbH & Co. KGaA., Grief Inc., Mauser Group B.V., Orora Packaging Australia Pty Ltd, Balmer Lawrie & Co. Ltd., Industrial Container Services, Delta Containers Direct Limited, FDL Packaging Group, Fibrestar Drums Ltd and others.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (EU5 Countries, Nordic countries, BENELUX, Poland, Russia, Rest of Europe)
- APAC (China, India, ASEAN, Australia & New Zealand, Japan)
- MEA (GCC Countries, S. Africa, N. Africa)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
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