Metal Drums: An Overview

A rise in demand for chemicals & petroleum lubricants from varied end-use industries with a mounting focus on strengthening the supply chain capability is expected to drive the need for industrial metal drums. Metal drums are anticipated to be the most common form of liquid, semi-liquids (solvents) and powder packaging. Manufacturers across the globe are siting increase in demand for cost-economical yet exceedingly efficient solutions to overcome the bulk packaging challenges. Hence, several industrial rigid packaging companies concentrate on expanding their product range to cater budding demands from numerous end-use industries.

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Metal drums market: Dynamics

Developing economies such as India & China are likely to witness very minimal sign of economic slow-down compared to Western economies. Booming economy owing to growth in the industrial sector, in this APAC region is projected to channelize the warehousing as well as logistics sector thereby generating the demand of rigid heavy duty metal drums.

Key developments & Trends

The established market players that currently operate in the industrial packaging market are out to acquire or collaborate with local/regional players in order to expand its market presence and gain significant market share.

For instance:

In March 2018, MAUSER USA, LLC acquired manufacturing facilities of Atlanta based MaschioPack North America LLC. This acquisition offers MAUSER an opportunity to expand its footprint in North America, with supply of additional manufacturing backing for its reconditioning affiliate, National Container Group (NCG). 

Global metal drums market: Research methodology

A robust methodology was used to arrive at the market size of metal drums. Both supply-side and demand side analysis were performed.

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Supply-side analysis

The key manufacturers of metal drums were identified, and their revenues were tracked with the help of primary interviews and paid databases such as Factiva, Avention, and Morningstar, among others. The revenue generated by the sale of industrial packaging segment was carefully tracked for each company, from which, the revenue generation from the sale of metal drums was mapped. The production capacity of each key player was tracked. Based on the data, a tier analysis was performed to classify the companies under different revenue categories.

Demand-side analysis

The demand for industrial metal drums was carefully tracked. The data was split among various end use industries and applications for metal drums to arrive at the demand. Various sources were cited to validate the numbers obtained, industry experts (sales and business heads of key companies, paid interviews with independent packaging consultants, etc.) were contacted, along with extensive desk research.

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.