Steel Drums Market

In this report, Future Market Insights offers a 9-year forecast of the global steel drums market between 2018 and 2027. In terms of value, the steel drums market is forecast to expand at a CAGR of 5.4%. The study reveals the market dynamics in seven geographic segments along with a market analysis for the current steel drums market environment and future scenario over the forecast period.

Report Description

This FMI report studies the global steel drums market for the period 2018–2027. The prime objective of this report is to offer insights and key market trends pertaining to the global steel drums market that gradually help transform global businesses.

The steel drums market numbers have been assessed by carefully scrutinizing the production of steel drums, in all the seven key regions for the current year, as well as the historical performance of the steel drums market. Market size and forecast for each segment in the steel drums market have been provided in the context of regional markets. All the segmentation for steel drums has been considered after appropriate secondary research and revalidation of the data obtained through interviews with key thought leaders in the industry. The steel drums market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study on the steel drums market. Secondary sources for data on steel drums trade include Factiva, various steel drums Associations like European Steel Drum Manufacturers Association, Japan Steel Drums Association, as well as company annual reports & publications. Detailed trade data has been provided to assess the global steel drums market supply/demand scenario.

The global steel drums market report begins with an executive summary intended to give a clear perspective about the market to the reader. It is then followed by a thorough definition of steel drums and the market segmentation describing the scope of the study. This is to outline the significance of steel drums as a product, and the impact of their market growth on the industry.

A porter’s analysis section ensures a thorough understanding of the level of competition in the steel drums market. Porter’s analysis for the global steel drums market has been covered for bargaining power of suppliers and buyers, threat of substitutes and new entrants, and the intensity of competition. This is followed by market dynamics and an overview of the global steel drums market, which includes FMI analysis of market drivers, restraints, trends and opportunity that are affecting the growth of the steel drums market.

The product type considered in the steel drums market study includes tight-head steel drums, and open-head steel drums. Of these, the tight head steel drums segment accounts for the major share of the global steel drums market.

On the basis of capacity, the steel drums market has been segmented into below 15-gallons, 15-40 gallons, 40-60 gallons, and above 60-gallons. Of these, the 40-60 gallons segment will grow at a healthy CAGR in the global steel drums market.

The material type considered in the steel drums market study includes stainless steel and carbon steel drums. Of these, the stainless steel drums segment accounts for the major share of the global steel drums market as steel has a higher resistance to corrosion.

On the basis of end-use industry, the global steel drums market has been segmented into seven segments that are chemicals and solvents, oil and lubricants, paints and dyes, food and beverages, pharmaceutical and healthcare, building and construction, and others (agriculture, etc.). The chemicals and solvents industry segment in the global steel drums market is expected to heavily dominate the market during the forecast period.

The next section of the report highlights the steel drums market by region and provides the market outlook for 2018–2027. The report evaluates the present scenario and growth prospects of the regional steel drums market for 2018–2027. The next section of the report highlights the steel drums market by region and provides the market outlook for 2018–2028. The study investigates the regional year-on-year (Y-o-Y) growth of the steel drums market. Key regions assessed in this report include North America, Latin America, Europe, Asia-Pacific excluding Japan, the Middle East & Africa (MEA) region, and Japan. The report evaluates the present scenario and growth prospects of the regional steel drums market for 2018–2028.

To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers of steel drums and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value across the steel drums market. In order to provide an accurate forecast, we started by sizing up the current market, which formed the basis on how the steel drums market is expected to develop in the future. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis: based on supply side, downstream industry demand for steel drums, and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as Y-o-Y growth rates, to understand the predictability of the steel drums market and identify the right opportunities for players.

To understand the key growth segments in terms of growth and adoption of steel drums globally, in the final section of the report, a ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the total steel drums market. Moreover, it is primarily designed to provide clients an objective and exhaustive list of manufacturers in the steel drums market. Detailed comparative assessment of key providers specific to a segment in the steel drums market is also included. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors in the steel drums market.

The key manufacturers in the steel drums market profiled in this report include– Grief Inc., Mauser Group B.V., C.L.Smith, Sicagen India Ltd., TPL Plastech Ltd., Three Rivers Packaging Inc., Industrial Container Services, Balmer Lawrie & Co. Ltd., Milford Barrel Co. Inc., Enviro-Pak Inc., Orlando Drum and Containers Corporation, Sonoco Product Company, Great Western Containers, Fibrestar Drums Limited, and Patrick J. Kelly Drums, Inc., Eagle Manufacturing Company, Clouds Drums Dubai LLC, Myers Container, LLC., Peninsula Drums Cc, and Meyer Steel Drum, Inc. Many ocal and unrecognized players are expected to contribute to the global steel drums market during 2018-27.

Key Segments Covered in the Steel drums Market

• By Product Type

  • Open-head Steel Drums

  • Tight-head Steel Drums

• By Capacity

  • Below 15 gallons

  • 15-40 gallons

  • 40-60 gallons

  • Above 60 gallons

• By End Use

  • Chemicals and Solvents

  • Oils & Lubricants

  • Paints & Dyes

  • Food & Beverages

  • Pharmaceuticals & Healthcare

  • Building and Construction

  • Others (Agriculture, etc.)

Key Regions Covered in the Steel Drums Market

• North America

  • U.S.

  • Canada

• Latin America

  • Brazil

  • Mexico

  • Rest of Latin America

• Europe

  • EU – 4

  • UK

  • BENELUX

  • NORDIC

  • Eastern Europe

  • Rest of Europe

• Japan

• Asia Pacific Excluding Japan (APEJ)

  • Greater China

  • India

  • Korea

  • ASEAN Countries

  • AUS & NZ

  • Rest of APEJ

• Middle East & Africa (MEA)

  • Turkey

  • Israel

  • South Africa

  • Rest of MEA