Manufacturing the best quality, efficient and performance packaging is the need today. But the market demands for more cost-effective, environmentally friendly and better use of resources is expected to be filled by reconditioned drums market.
Reconditioning of drums can offer fillers and user significant cost savings against procuring equivalent new items is projected to boost the reconditioned drums market globally. Reconditioned drums manufacturer utilizes highly developed systems to process a wide range of packaging types, materials, and residual products within highly controlled waste management structures.
The process of reconditioning of the drums includes the washing, refurbishing, testing, and verifying as per UN recommendations of industrial containers which may have previously contained materials such as tars, paints, resins, adhesives, oils, solvents, soaps, cleaners, or allied products.
The inside and outside surfaces of the drums are prepared and reconditioned to prevent adulteration of materials from one shipment to the next and to ensure the reliability of the containers. Reconditioned drums include both steel drums and plastic drums that needed to transport various materials including industrial chemicals, petrochemicals and lubricants, pharmaceuticals, paints, inks & dyes, food & beverages, agrochemicals and many more.
Reconditioned drums market is majorly determined by the need for economical and more sustainable alternatives from the different end-use industries such as chemical, automotive, petrochemicals & lubricants, food & beverage, and others.
By the end-use, reconditioned drums market is dominated by industrial chemicals and petrochemicals due to their various industrial usage. Reconditioned drums made of HDPE are widely used for transporting various materials as it resists UV rays, rust, and corrosion which helps to increase the shelf life of materials.
Stainless steel reconditioned drums provides excellent storage safety for highly acidic chemicals, dangerous materials, and combustible fluids. This is expected to increase the demand for reconditioned drums market globally. Transportation of a large quantity of bulk materials and liquid products by the using these drums minimizes the usage of processing new valuable resources that needed to manufacture new drums.
Lesser average price than new drums and ease of availability of the reconditioned drums is another factor that boosting the demand of the market globally. However the impact of reconditioned drums market is not in the short term, it will take longer periods. The market players should think of offering new services that are inherently environmentally beneficial as compared to the recycling or production of new drums.
On the basis of regions, the global reconditioned drums market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Middle East and Africa (MEA) and Oceania. Mature markets of Europe and North America are expected to dominate the reconditioned drums market due to significant growth from the industrial chemicals and petrochemical industries.
Asia Pacific region is projected to show sharp growth in the reconditioned drums market due to rise in demand for petrochemical, lubricants, and other industrial chemicals. Evolving paints, inks and varnish industries in the Latin America region anticipated to rise demands for reconditioned drums market it the region. Besides this, the future growth of the reconditioned drums market seems to be good in MEA and Oceania regions also.
Besides this many local and unrecognized players are expected to contribute to the reconditioned drums market.
The report on reconditioned drums market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Reconditioned drums market also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of material, the global reconditioned drums market can be segmented into:
On the basis of the product, the global reconditioned drums market can be segmented into:
On the basis of the capacity, the global reconditioned drums market can be segmented into:
On the basis of end-use, the global reconditioned drums market can be segmented into:
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