"Company profiles of all the major Steel Drums and Intermediate Bulk Container (IBC) Market players and brands dominating the Steel Drums and Intermediate Bulk Container (IBC) s Market with movements like product launches, joint ventures, mergers and acquisitions which in turn influence sales value, imports, exports, revenue and CAGR have been quoted in the report. The competitive landscape section of the report provides clear insights into the market share analysis of key industry players. The Steel Drums and Intermediate Bulk Container (IBC) s Market industry is expected to witness higher growth during the forecast period due to increasing demand at the end-user level. The Steel Drums and Intermediate Bulk Container (IBC) s Market analysis report helps to know how patents, licensing agreements, and other legal restrictions affect the manufacture and sale of a company's products.
The team of experts, in coordination with project managers, provides clients on every strategic aspect including product development, key areas of development, application modeling, use of technology, acquisition strategies, exploring special growth opportunities and new markets. A detailed analysis of factors influencing investment is also provided which estimates upcoming opportunities for the business and develops strategies to increase return on investment (ROI). Steel Drums and Intermediate Bulk Container (IBC) Market research reports offer actionable market insights so as to build sustainable and profitable business strategies.
Data Bridge Market Research analyses that the global steel drums and intermediate bulk container (IBC) market size was valued at USD 15.34 billion in 2023, is projected to reach USD 21.74 billion by 2031, growing at a CAGR of 4.45% during the forecast period of 2024 to 2031.
Explore Further Details about This Research Steel Drums and Intermediate Bulk Container (IBC) Market Report https://www.databridgemarketresearch.com/reports/global-steel-drums-and-intermediate-bulk-container-ibc-market
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2024 to 2031 |
Base Year | 2023 |
Historic Years | 2022 (Customizable to 2016 - 2021) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Capacity (Drums and IBCs), Content (Liquid, Solid, and Semi-Solid), End-Use (Chemicals, Petroleum and Lubricants, Paints, Inks and Dyes, Food and Beverages, Building and Construction, Healthcare and Pharmaceuticals, and Others) |
Countries Covered | U.S., Canada, Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America |
Market Players Covered | Greif (U.S.), TPL Plastech Ltd. (India), Balmer Lawrie Co. Ltd (India)., Time Technoplast Ltd (India)., Sicagen (India)., BWAY Corporation (U.S.), Schütz GmbH Co. KGaA. (Germany), Eagle Manufacturing Company (U.S.), 3M (U.S), Orora Packaging Australia Pty Ltd (Australia), Chicago Steel Container Corporation (U.S.), U.S. COEXCELL Inc (U.S.), North Coast Container (U.S.), Rahway Steel Drum Company (U.S.) and General Steel Drum LLC (U.S) |
Market Opportunities |
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Market Definition
Steel drums are cylindrical containers made of steel, commonly used for storing and transporting liquids and other materials. Intermediate Bulk Containers (IBCs) are large, reusable industrial containers with capacities ranging from 200 to 1,000 liters, designed to efficiently handle and store liquids, powders, or granular substances.
Global Steel Drums and Intermediate Bulk Container (IBC) Market Dynamics
Drivers
- Rising Demand for Food and Beverage Packaging
Steel drums and IBCs are increasingly favored for packaging in the food and beverage sector due to their durability, hygiene, and capacity to maintain product quality during storage and transportation. Their robust construction ensures product integrity, meeting industry standards while addressing the need for reliable and sanitary packaging solutions in a growing market.
- Shift Towards Flexible Packaging
Despite the trend towards flexible packaging, steel drums and IBCs retain market dominance due to their durability, security, and suitability for specific products. Industries reliant on robust containment solutions, such as chemicals and hazardous materials, continue to rely on steel drums and IBCs, maintaining their relevance amidst evolving packaging preferences, which is driving the market growth.
Opportunities
- Global Trade and Logistics
The demand for efficient packaging solutions rises to ensure secure transportation over long distances, as global trade expands. Steel drums and IBCs offer reliable options for safeguarding goods during transit, meeting the stringent requirements of modern logistics. Their durability and robustness make them essential assets in the global supply chain is expected to create an opportunity for market growth.
Key questions answered in the Steel Drums and Intermediate Bulk Container (IBC) Market are:
- What is Steel Drums and Intermediate Bulk Container (IBC) Market?
- What was the Steel Drums and Intermediate Bulk Container (IBC) Market size in 2022?
- What are the different segments of the Steel Drums and Intermediate Bulk Container (IBC) Market?
- What growth strategies are the players considering to increase their presence in Steel Drums and Intermediate Bulk Container (IBC) Market?
- What are the upcoming industry applications and trends for the Steel Drums and Intermediate Bulk Container (IBC) Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Steel Drums and Intermediate Bulk Container (IBC) Market?
- What major challenges could the Steel Drums and Intermediate Bulk Container (IBC) Market face in the future?
- What segments are covered in the Steel Drums and Intermediate Bulk Container (IBC) Market?
- Who are the leading companies and what are their portfolios in Steel Drums and Intermediate Bulk Container (IBC) Market?
- What segments are covered in the Steel Drums and Intermediate Bulk Container (IBC) Market?
- Who are the key players in the Steel Drums and Intermediate Bulk Container (IBC) Market?
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