Steel Drums Market

2019 Analysis and Review of Steel Drums Market by Material - Carbon Steel and Stainless Steel for 2019 - 2029

  • 2020-01-27
  • REP-GB-8161
  • 28 Tables
  • 60 Figures
  • 157 pages
  • PDF PPT EXCEL
Steel Drums Market
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Sales of Steel Drums to Surpass US$ 16 Bn in 2029

The need for safe and cost-effective packaging solution, over the years, have been reaching new heights across various end-use industries, with policymakers, globally, further squeezing the situation by imposing norms for sustainable packaging materials. Steel drums, owing to their ‘reusability’ and ‘recyclability’ attributes, fit in well with the ever-changing customers’ demands as well as uptight regulatory scenario. Influenced by their benefits, the worldwide adoption of steel drums will expand at a moderate pace, attaining a valuation of over US$ 16 Bn by 2029 end.

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FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL STEEL DRUMS MARKET

What are the key factors accelerating growth of the steel drums market?

Booming chemical industry, increasing cross-border trades, and surging demand for sophisticated containers intended for bulk liquid transportation are the factors supporting the growth of the steel drums market.

Which material will have significant revenue growth in the next five years?

Adoption of carbon steel expected to see a promising growth during the forecast period on grounds of its lightweight, durable, and cost-efficient attributes over stainless steel. 

What are the major challenges for the steel drums market?

High cost of steel drums compared to their plastic counterparts, and availability of cost-effective alternatives are hindering the growth of the global steel drums market.

What are future prospects of the steel drums market?

The global steel drums market is envisioned to grow at a moderate pace over the next ten years. The global steel drums market was valued at US$ 10.9 Bn in 2018, and is anticipated to expand 1.4X by 2029.

Which companies are investing significantly in the development of innovative products?

Leading players in the steel drums market include Greif Inc., Mauser Packaging Solutions, and SCHÜTZ GmbH & Co. KGaAm.

Which region is expected to be the lucrative for steel drums market?

East Asia and South Asia are likely to offer high growth prospects for manufacturers of steel drums. Accelerated production of chemicals and steel in the developing countries of the region is boosting the steel drums market. 

Carbon Steel Drums Capture over 90% of Total Sales

Carbon steel easily aligns with the demand for light-weight and durable packaging material, as such, continues to be the material of choice for manufacturing steel drums over the projection period. Despite being a niche category in the manufacturing world, its economical nature is fueling its adoption for transportation of heavy-duty packages. In 2019, carbon steel drums worth around US$ 11 Bn were sold and the number is likely to increase at a steady pace.

East Asia - The Mecca of Market Growth

At present, East Asia is the trade hub for steel drums market, capturing half of total demand, while the adoption in South Asia is soaring at a rapid CAGR of 5.1%. Represented by China and India respectively, the market growth in these developing regions is attributable to swelling chemical and steel production. Moreover, abundance of raw materials, and cheaper manufacturing processes are influencing manufacturers to shift their production lines to the developing Asia. This study estimates that the Asian steel drums market will register a collective revenue of around US$ 10 Bn by the end of foreseeable timeframe.

* This data is only a representation. Actual data may vary and will be available in report.

East Asia - The Mecca of Market Growth
East Asia - The Mecca of Market Growth
East Asia - The Mecca of Market Growth
East Asia - The Mecca of Market Growth
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

RFID Technology for Cost Cutting and Better Customer Service

Manufacturers are equipping steel drums with various track and trace technologies such as radio-frequency identification (RFID) that automatically identify and record data about the location and availability of steel drums. RFID technology bridges the supply-demand gap that occurs due to delay in supply of steel drums, as well as allow suppliers to validate the availability of steel drums to avoid unnecessary costs of expendable forms of packaging formats. This, in turn, boosts overall efficiency, and improves commercial ties between manufacturers and customers.

55 gallon steel drums hold over 90% share

Capacity other than 55 gallon to see sluggish traction

Tight head to take lead

Increasing demand for open head

Carbon steel remain in-demand

Demand growth of stainless steel drums to dip

High adoption in chemicals

Increasing usages in petroleum & lubricants

How Growth will Unfold

Adoption of steel drums in cargo shipping and freight transportation of chemicals will remain strong going forward through 2029, owing to rising chemical trade activities. Particularly in commodity chemicals, use of steel drums in this end-use category currently accounts for nearly 35% market share and the trend is expected to grow promisingly in the opportune time. On the other hand, manufacturers are also viewing petroleum & lubricants as a lucrative application, despite capturing relatively lesser share in market revenues.

Steel Drums Adoption Analysis, 2019 (E)

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

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Overview

Steel Drums Market Analysis 2019-2029

A recent market study published by FMI on the steel drums market includes global industry analysis 2014-2018 and opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision.

Steel Drums Market Taxonomy

The global steel drums market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.

Capacity

  • 55 Gallon
  • Other than 55 Gallon

Head

  • Tight Head
  • Open Head

Material

  • Carbon Steel
  • Stainless Steel

End Use

  • Chemicals
    • Agricultural
    • Commodity
    • Speciality
  • Petroleum & Lubricants
  • Paints, Inks, & Dyes
  • Food & Beverages
    • Edible Oil
    • Liquid Food Ingredients
    • Others
  • Building & Construction
  • Healthcare & Personal Care
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

What's Included

The report initiates with an executive summary of the steel drums market, which includes key findings and statistical analysis of the market. It also includes analysis & recommendations and opportunity analysis pertaining to the steel drums market.

Readers can find definition and detailed taxonomy of the steel drums market in this chapter, which will help them understand the basic information about the market. It also highlights inclusions and exclusions to help readers understand the scope of this market report.

This chapter explains key trends and provides information about their impact on the steel drums market.

This section includes product adoption and consumer sentiment analysis for steel drums.

The section provides volume analysis (Mn Units) in the global steel drums market for the historic period (2014-2018) and forecast period (2019-2029).

This section highlights the average pricing analysis of various material in the steel drums market in different regions across the globe. The weighted average pricing at the manufacturer level is also analyzed in this section.

The section provides value analysis (US$ Mn) in the global steel drums market for the historic period (2014-2018) and forecast period (2019-2029). Along with this, the section also provides absolute $ opportunity analysis during the forecast period.

This chapter explains the outlook of the parent market, PESTLE analysis, Porters’ five forces analysis, and key macroeconomic factors that are expected to influence the growth of the steel drums market during the forecast period. Moreover, with macroeconomic factors, this section also highlights growth rate projection and forecast factors and their impact on the steel drums market. This chapter provides key market dynamics, including drivers and restraints, and opportunity assessment of the market. Along with this, readers will understand the value chain analysis of the steel drums market.

Based on capacity, the steel drums market has been segmented into 55 gallon and other than 55 gallon steel drums. In this chapter, readers can find information about key trends, market share, and market attractiveness analysis based on capacity in the global steel drums market.

This chapter provides details about the steel drums market based on head type such as tight head and open head. In this chapter, readers can understand market attractiveness analysis of steel drums based on head type.

This chapter provides details about the steel drums market based on material such as carbon steel and stainless steel. In this chapter, readers can understand market attractiveness analysis of steel drums based on material.

Based on end use, the steel drums market is segmented into chemicals, paints, inks, & dyes, food & beverages, building & construction, healthcare & personal care, and others. Furthermore, the chemical segment is further sub-segmented into agricultural chemicals, commodity chemicals, and speciality chemicals. The food & beverages segment is also further segmented into edible oil, liquid food ingredients, and others. In this chapter, readers can find information about key trends in the steel drums market and market attractiveness analysis, based on end use.

This chapter explains how the steel drums market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa (MEA).

This chapter includes a detailed analysis of the growth of the North America steel drums market, along with country-wise assessment that includes the U.S. and Canada. Readers will also find some key points on the basis of estimated market size and consumption of steel drums in the region.

This chapter provides growth scenario of the steel drums market in Latin American countries such as Brazil, Mexico, Argentina, and the rest of Latin America. Along with this, assessment of the market across target segments and market attractiveness analysis have also been provided.

Important growth prospects of the steel drums market in several countries in Europe, such as Germany, Italy, France, U.K., Spain, Benelux, Russia, and the rest of Europe, along with target segments are included in this chapter.

India, Thailand, Indonesia, Malaysia, and Singapore are leading countries in the South Asia region that are prime subjects of assessment to obtain growth prospects of the South Asia steel drums market in this chapter. Readers can find detailed information about growth parameters of the South Asia steel drums market during the forecast period.

This chapter provides information about how the steel drums market will grow in major countries in the MEA region, such as GCC countries, Northern Africa, Turkey, South Africa, and the rest of MEA, during the forecast period.

In this chapter, Australia and New Zealand are among leading countries in the Oceania region, which are prime subjects of assessment to obtain growth prospects of the Oceania steel drums market.

This chapter highlights growth of the steel drums market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding growth of the steel drums market in the East Asian region.

This chapter highlights growth of the steel drums market in emerging countries by focusing on China and India. The section also highlights data points regarding the growth of the market in emerging countries.

In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the steel drums market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all prominent stakeholders in the steel drums market, along with detailed information about each company, which include company overview, revenue shares, strategic overview, and recent company developments. Key players featured in the report are Greif, Inc., Mauser Packaging Solutions, SCHÜTZ GmbH & Co. KGaAm, Balmer Lawrie & Co. Limited, Nippon Steel Drums Co. Ltd., Sicagen India Limited, Müller AG Verpackungen, PT Pelangi Indah Canindo Tbk, Stavig Group, Great Western Containers Inc., Skolnik Industries Inc., Peninsula Drums CC, Patrick J. Kelly Drums, A W Stokes & Son (Drums) Ltd., Imperial Steel Drum Manufacturers Sdn Bhd, PT. Rheem Indonesia , Indonesia Raya Makmur PT., and The Metal Drum Company.

This chapter includes a list of acronyms and assumptions that provide a base to information and statistics included in the steel drums market report.

This chapter helps readers in understanding the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information in the steel drums market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Yesteryear Trends 
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Secondary Research

  • Industry Associations
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites
  • Pregis Corporation & Packaging Insights

Primary Interview Splits

Primary Interview Splits steel drums market designation

Primary Interview Splits steel drums market stakeholder

To Learn More About our Comprehensive Perspective on Steel Drums Market,

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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