Metal Drums Market: Global Key Players, Trends, Share, Industry Size, and GrowthPosted by surendra choudhary on July 31st, 2019 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. 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. To Garner Compelling Insights on The Forecast Analysis of Market, Request a Sample HereFor instance:
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. 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. Global Metal drums Market: Segmentation The global metal drums market has been segmented as follows – On the basis of capacity of drums, the global metal drums market has been segmented as –
On the basis of product type, the global metal drums market has been segmented as –
For More Actionable Insights into The Competitive Landscape of Market, Get a Customized Report HereOn the basis of applications, the global metal drums market has been segmented as –
On the basis of region, the global metal drums market is segmented as –
North America an established market with significant volumetric transactions of industrial goods, is estimated to lead the charge in the global metal drums market, with Asia-Pacific likely to follow its foot steps. Global metal drums market: Key players Few of the leading players operating in the global metal drums market are –
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