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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392117
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392117
Chemical Drums Market, By Material, By Capacity, By Closure type, By Application, By Shape, By Reusability, By Customization, By Industry, By Geographical Region, By UN Certification, By Geography
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Global Chemical Drums Market is estimated to be valued at US$ 14.64 Bn in 2023 and is projected to reach US$ 21.44 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 14.64 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 5.60% | 2030 Value Projection: | US$ 21.44 Bn |
Figure 1. Global Chemical Drums Share (%), By Region, 2023
Chemical drums are hollow and cylindrical containers which are made of steel. They are usually fitted with a metal or plastic lid. They are commonly used as intermediate containers between process units or for liquid collection or separation of two immiscible fluids. They also offer flow rate stability for process streams. In the case of leaking or deteriorating drums, the contents are advised to transfer to a safer container by using a specialized drum pump. If the drum is unable to be moved without rupturing, it should be placed in an over pack and transported to waste management. The over pack can be sealed with a rubber seal and cushioning material to prevent movement and absorb liquids in the event of a leak. Global chemical drums market has been growing steadily over the past few years. Chemical drums refer to specialized containers that are used for transporting, handling, and storing of various industrial and agricultural chemicals in the drums form. They are made up of materials such as steel, plastics or fiber that provide effective chemical resistance. Growing demand from industries such as paints & coatings, pharmaceuticals, agriculture and others has been driving the need for reliable and safe packaging of chemicals in the form of drums.
Market Dynamics:
Global chemical drums market is driven by the rising demand for chemicals in industries such as agriculture, electronics, manufacturing, construction, and oil refining. These chemicals are used in production processes that involve a high level of toxicity or require the use of large quantities of chemicals.
However, plastic drums, which are frequently used in the chemical industry, have a considerable negative influence on the environment. Drums constructed of plastic are mostly made of non-biodegradable materials, which add to the pollution and waste of plastic. Manufacturers of plastic drums face hurdles as a result of expanding environmental restrictions and consumer demand for sustainable packaging solutions, which increases the demand for eco-friendly substitutes.
Key features of the study:
- This report provides in-depth analysis of the global chemical drums market, and provides market size (US$ Bn ) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global chemical drums market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Greif, Inc., Mauser Group, SCHUTZ GmbH & Co. KGaA, Time Technoplast Ltd., Hoover Ferguson Group, Balmer Lawrie & Co. Ltd., Sicagen India Ltd., Industrial Container Services, LLC, Fibrestar Drums Limited, Snyder Industries, Inc.,Sonoco Products Company, Great Western Containers Inc.,Myers Container LLC,Myers Industries, Inc., Eagle Manufacturing Company.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global chemical drums market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global chemical drums market
Detailed Segmentation:
- By Material:
- Plastic
- Steel
- Fiberboard
- By Application:
- Industrial chemicals
- Pharmaceuticals
- Food-grade products
- Hazardous waste
- By Shape:
- Cylindrical
- Conical
- Square
- By Capacity:
- Small drums
- Large drums
- By Reusability:
- Single-use drums
- Reusable/reconditioned drums
- By Customization:
- Personalized labels
- Logos
- Markings
- By Closure type:
- Removable lids
- Bolted closures
- Drum plugs
- By UN Certification:
- Compliance with UN regulations for hazardous material transportation
- By Industry:
- Chemical manufacturing
- Pharmaceuticals
- Oil and gas
- Food and beverage
- Agriculture
- By Geographical Region:
- Regional preferences
- Regulatory requirements
- Market dynamics
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- By Company
- Greif, Inc.
- Mauser Group
- SCHUTZ GmbH & Co. KGaA
- Time Technoplast Ltd.
- Hoover Ferguson Group
- Balmer Lawrie & Co. Ltd.
- Sicagen India Ltd.
- Industrial Container Services, LLC
- Fibrestar Drums Limited
- Snyder Industries, Inc.
- Sonoco Products Company
- Great Western Containers Inc.
- Myers Container LLC
- Myers Industries, Inc.
- Eagle Manufacturing Company
Product Code: CMI5893
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material
- Market Snippet, By Application
- Market Snippet, By Shape
- Market Snippet, By Capacity
- Market Snippet, By Reusability
- Market Snippet, By Customization
- Market Snippet, By Closure Type
- Market Snippet, By UN Certification
- Market Snippet, By Industry
- Market Snippet, By Geographical Region
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Increasing chemical production
- Restraints
- Environmental concerns
- Opportunities
- Emerging markets
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisitions, and Collaborations
4. Global Chemical Drums Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Chemical Drums Market, By Material, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Plastic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Steel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Fiberboard
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Global Chemical Drums Market, By Application, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Industrial Chemicals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Food-grade products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Hazardous waste
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
7. Global Chemical Drums Market, By Shape, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Cylindrical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Conical
- Square
8. Global Chemical Drums Market, By Capacity, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Small Drums
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Large Drums
9. Global Chemical Drums Market, By Reusability, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Single-use Drums
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Reusable/reconditioned drums
10. Global Chemical Drums Market, By Customization, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Personalized labels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Logos
- Markings
11. Global Chemical Drums Market, By Closure Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Removal Lids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Bolted closures
- Drum Plugs
12. Global Chemical Drums Market, By UN Certification, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Compliance with UN regulations for hazardous material transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
13. Global Chemical Drums Market, By Industry, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Chemical manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Pharmaceuticals
- Oil and Gas
- Food and Beverage
- Agriculture
14. Global Chemical Drums Market, By Geographical Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Regional preferences
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
- Regulatory requirements
- Market Dynamics
15. Global Chemical Drums Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Sub-region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2018 -2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Shape, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Capacity, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Reusability, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Customization, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Closure-Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By UN Certification, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Geographical Region, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
16. Competitive Landscape
- Company Profile
- Greif, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mauser Group
- SCHUTZ GmbH & Co. KGaA
- Time Technoplast Ltd
- Hoover Ferguson Group
- Balmer Lawrie & Co. Ltd.
- Sicagen India Ltd.
- Industrial Container Services, LLC
- Fibrestar Drums Limited
- Snyder Industries, Inc
- Sonoco Products Company
- Great Western Containers Inc.
- Myers Container LLC
- Myers Industries, Inc.
- Eagle Manufacturing Company
- Analyst Views
17. Section
- References
- Research Methodology
- About us
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