Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Stainless Steel Drum Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.6% during the review period (2022 to 2027).
Stainless Steel Drum Market Overview
Growth forecast for the market remains positive in response to the consistently rising demand for safe & secure and cost-effectiveness solutions. Stainless Steel Drum are often preferred for transporting chemicals because they are environmentally friendly, fire resistance, and have various other advantages. Considering the availability, Stainless Steel Drum are available in two different materials, stainless steel and carbon steel. Of these, carbon steel is preferred more.
Over the past few years, the steel drum is gaining popularity among various end-use industries especially for storage and transportation of liquid materials as it offers safe and secure packaging solution. Also, rising concerns about sustainability is creating growth opportunities.
The demand for Stainless Steel Drum in the chemical industry is rising due to the changing way of industrial packaging solution by pooling and leasing the containers and drums. The standards for using Stainless Steel Drum are set by various countries and various regulations such as the U.S. Department of Transportation (DOT), United Nations regulations. Majorly the Stainless Steel Drum is used by the chemical industry to store and transport hazardous and non-hazardous materials.
Recent Developments:
Greif launches a new lightweight jerrycan in brazil
June 1, 2022 :A global leader in industrial packaging products and services, Greif has launched a lightweight, high-performance jerrycan in Brazil suitable for packaging agrochemicals, chemicals, flavors, fragrances, and beverages.
Who are the Major Players in Stainless Steel Drum Market?
The global Stainless Steel Drum includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Carbon Stee Drum, Chicago Steel Container, Clouds Drums Dubai, General Steel Drum, Greif, Industrial Container Services, Izvar Ambalaj Sanayi VE Ticaret, James G Carrick, Mauser Group, Metal Drum, North Coast Container, Rahway Steel Drum, Chicago Steel Container Vapur and many others
What are the major Applications, Types and Regions for Stainless Steel Drum Market?
Stainless Steel Drum Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Up To 10 Gallons
- 10-30 Gallons
- 30-50 Gallons
- 50-80 Gallons And Above
- Other
By Application it is segmented into
- Agriculture
- Building And Construction
- Chemicals & Solvents
- Food & Beverages
- Healthcare & Pharmaceuticals
- Oils & Lubricants
- Others
Stainless Steel Drum Market Regional Analysis
There is no entry barrier in China’s market, which which again adds to the growth of the steel drum market. The government of China is also promoting investment, which will create growth opportunities over the foreseeable period.
Russia is the second-largest market in the European region for steel drum. The reason for the demand for steel drum in Russia is the rise in the chemical industry. According to the Netherlands Embassy, the chemical industry is one of the growing industries in Russia. The value of Russian chemical and petrochemical output in 2017 was US$ 57 Bn.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Stainless Steel Drum Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 4.6% during the review period (2022 to 2027).
|
By Type
|
- Up To 10 Gallons
- 10-30 Gallons
- 30-50 Gallons
- 50-80 Gallons And Above
|
By Application
|
- Agriculture
- Building And Construction
- Chemicals & Solvents
- Food & Beverages
- Healthcare & Pharmaceuticals
- Oils & Lubricants
- Others
|
By Companies
|
Carbon Stee Drum, Chicago Steel Container, Clouds Drums Dubai, General Steel Drum, Greif, Industrial Container Services, Izvar Ambalaj Sanayi VE Ticaret, James G Carrick, Mauser Group, Metal Drum, North Coast Container, Rahway Steel Drum, Chicago Steel Container
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
105
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Stainless Steel Drum Report
- Evaluate Stainless Steel Drum market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Stainless Steel Drum market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Stainless Steel Drum market.
Frequently Asked Questions
What is the study period of this market?
The Stainless Steel Drum Market is studied from 2017 - 2027.
What is the growth rate of Stainless Steel Drum Market?
The Stainless Steel Drum Market is growing at a CAGR of 4.6% over the next 5 years.
Who are the leading key players in Stainless Steel Drum Market?
Carbon Stee Drum, Chicago Steel Container, Clouds Drums Dubai, General Steel Drum, Greif, Industrial Container Services, Izvar Ambalaj Sanayi VE Ticaret, James G Carrick, Mauser Group, Metal Drum, North Coast Container, Rahway Steel Drum, Chicago Steel Container
What regions does this Stainless Steel Drum Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Stainless Steel Drum Market?
Up To 10 Gallons, 10-30 Gallons, 30-50 Gallons, 50-80 Gallons And Above
What are the significant Applications of Stainless Steel Drum Market?
Agriculture, Building And Construction, Chemicals & Solvents, Food & Beverages, Healthcare & Pharmaceuticals, Oils & Lubricants, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
