Warehouse Drums and Barrels Market

“Warehouse Drums and Barrels Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the warehouse drums and barrels market. A drum is a container used for shipping bulk cargo. It is an excellent shipping method to store and move a wide range of materials and resources. On the other hand, a barrel is a large cylindrical container made up of staves joined together with hoops that has a flat top and bottom with equal diameter. Drums and barrels produced from  different materials, such as steel, fiber, and plastic, are increasingly utilized in warehouse operations worldwide. Nowadays, plastic drums are gaining widespread traction as they help store and transport hazardous and non-hazardous liquid materials in an effective manner. Plastic drums are often composed of high-density polyethylene (HDPE), which is resistant to high and low pH contents.

The global market is majorly driven by rapid industrialization. In line with this, significant growth in the logistics and packaging industry and the growing requirement for adequate bulk packaging are positively influencing the market. Apart from this, rising demand for steel drums due to their excellent mechanical properties, such as high strength, improved gas barrier properties, and outstanding processing performance, is propelling the market growth. Several companies are increasingly focusing on introducing drums and barrels resistant to most chemicals, high temperatures, pressure, and moisture, thereby aiding the market further. Moreover, the usage of biodegradable rigid plastic to manufacture environmentally friendly product variants is creating a positive outlook for the market. Other factors, including continual product innovations and extensive research and development (R&D) activities to manufacture cost-effective drums and barrels, are also contributing to the market worldwide.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the warehouse drums and barrels market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the warehouse drums and barrels market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the warehouse drums and barrels market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the warehouse drums and barrels Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the warehouse drums and barrels Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the warehouse drums and barrels Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the warehouse drums and barrels Industry. Furthermore, the value chain analysis of the warehouse drums and barrels Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by Product:      

• Steel Drums
• Fiber Drums
• Plastic Drums

Segmentation by Application:

• Chemicals
• Petroleum Products
• Paints and Solvents
• Food Products
• Pharmaceutical Products

Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• Greif
• Industrial Container Services
• Schutz
• Sonoco
• Mauser Packaging

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the warehouse drums industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the warehouse drums industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the warehouse drums industry. Furthermore, the value chain analysis of the warehouse drums industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of the Warehouse Drums and Barrels Market:

• Historical and current scenario
• Trends and developments
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the warehouse drums industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.