About Warehouse Drums and Barrels
Warehouse drums and barrels come under rigid bulk packaging, and the packaging using drums and barrels is the oldest packaging method. Drums and barrels are used in industries such as chemicals and petroleum, food and pharmaceutical, and others. In these industries, warehouse drums and barrels are used to protect and transport goods in large quantities from a point of manufacture to a point of distribution, where these goods are finally packaged for customers. Materials such as steel, fiber, and rigid plastics are used for making warehouse drums and barrels.
Technavio’s analysts forecast the global warehouse drums and barrels market to grow at a CAGR of 2.54% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global warehouse drums and barrels market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of warehouse drums and barrels from industries such as chemical and petroleum, food and pharmaceutical, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Warehouse Drums and Barrels Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Warehouse Drums and Barrels Market: Greif, Industrial Container Services, Schutz, and Sonoco.
Other Prominent Vendors in the market are: Berenfield Containers, Chem-Tainer Industries, East India Drums & Barrels Manufacturing, E-con Packaging, Jakacki Bag & Barrel, Mauser Packaging, Meyer Steel Drum, Om Packaging, Remcon Plastics, Skolnik Industries, Snyder Industries, and Time Technoplast.
Commenting on the report, an analyst from Technavio’s team said: “There has been a resurgence in the demand for drums and barrels after the recession of 2008. The construction and manufacturing industries require innovative packaging solutions for storing, handling, and distributing different chemicals. The portfolio of warehouse drums and barrels from vendors is remarkable, with their volume strength varying from 13 gallons to 58 gallons. The plastic warehouse drums and barrels segment will experience stable growth during the forecast period. The growing need for the fast and safe delivery of bulk products is pushing the demand for warehouse drums and barrels.”
According to the report, a key driver of market growth is the wide range of offerings from vendors. Warehouse drums and barrels are made from a variety of materials such as plastic, steel, fiber, or a combination of these. The variety in the shapes, thickness, and sizes of warehouse drums and barrels facilitates specific industry needs. For example, Greif, one of the key vendors of warehouse drums and barrels, offers specialty drums and barrels. Its specialty steel drums segment offers the following types of drums: agitator steel drums, salvage steel drums, and Bitumen steel drums.
Further, the report states that volatility in raw material and energy prices can affect market growth.
Greif, Industrial Container Services, Schutz, Sonoco, Berenfield Containers, Chem-Tainer Industries, East India Drums & Barrels Manufacturing, E-con Packaging, Jakacki Bag & Barrel, Mauser Packaging, Meyer Steel Drum, Om Packaging, Remcon Plastics, Skolnik Industries, Snyder Industries, Time Technoplast.
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