Stratview Research announces the launch of a new market research report on Industrial Drums Market Segmented by Product Type (Steel Drums, Plastic Drums, and Fiber Drums), by End-User Industry Type (Food & Beverage, Chemicals and Fertilizers, Pharmaceuticals, Petroleum and Lubricants, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Size, Share, Trend, Forecast, & Industry Analysis: 2020-2025.
This detailed report provides a complete analysis that reflects today’s Industrial Drums Market realities and future possibilities, with a forecast period of 5 years.
The report segmentation evaluates the market to deliver a bird’s-eye view to the users. The essential data/information offered in the report can be vital for the market participants to formulate new growth strategies and for staying ahead of the pack.
This report offers detailed overview of the Industrial Drums Market along with the industry life cycle analysis, supply chain analysis, Growth drivers and constraints, market trend and forecast analysis, competitive landscape and dynamics, associated growth opportunities and key success factors.
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Stratview Research specifically relies on two types of research methodology –
- Primary research interviews to get the strategic insights on the market, directly from the industry experts.
- Secondary research to acquire necessary information for this study. Stratview Research leverages more than 1,000 secondary sources, such as company websites, press releases, white papers, and annual reports and constantly validates through its internal records for authenticity.
Industrial Drums Market Share: Product Type
Based on the product type, the market is segmented as steel drums, plastic drums, and fiber drums. Steel drum product type is estimated to account for the largest share of the market during the forecast period owing to the increasing demand for chemicals and petroleum lubricants from various end-user industries and the excellent features offered by it, such as high strength, gas barrier properties, and superior processing performance. Factors such as its capability to be rolled into various thickness of the sheet, foil, rolling, sheet stamping, and welding made of different shapes and sizes of the packaging container, and its utilization as packaging solutions for transporting and storing hazardous goods are expected to fuel the product demand in the market over the forecast period.
Industrial Drums Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market with China, India, and Indonesia being the major countries with rapid evolution of manufacturing sector during the forecast period. Moreover, growing exports in vegetable oil and wines, and more preference given to industrial drums by the exporters in the regional market is expected to accelerate the growth of the market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
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The report discusses current key players in the Industrial Drums Market on the basis of intensive research. According to the experts, the market has the following key players-
- Balmer Lawrie & Co. Ltd.
- Eagle Manufacturing Company
- Greif Inc.
- Industrial Container Services LLC
- Mauser Group NV
- SCHÜTZ GmbH & Co. KGaA
- Sicagen India Ltd.
- Time Technoplast Ltd.
- TPL Plastech Ltd.
- U.S. Coexcell Inc.
Report Customization Options
With this detailed report, Stratview Research offers customization options to the users. To get your customised report, click here…
Why invest in this report?
The report covers 360-degree angle of the Industrial Drums Market and answers the following critical questions –
- What are the key trends in the Industrial Drums Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the Industrial Drums Market?
- What are the key strategies adopted by the major vendors to lead in the Industrial Drums Market?
- What is the market share of the top vendors?
Stratview Research is a global market research company helping its clients’ tract the ever-evolving market scenarios through its market reports. The reports offered here are gathered by market experts with the help of reliable secondary sources and primary interviews with the key players in the market. These reports help the user stay ahead of the curve. It helps the users understand the current and future market trends and challenges on the way.
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