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Warehouse Drums and Barrels Market by Material, Application, and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72302
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The warehouse drums and barrels market share is expected to increase by USD 2.32 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.15%.

This warehouse drums and barrels market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers warehouse drums and barrels market segmentation by material (steel, plastic, and fiber), application (chemicals, petroleum, food products, paint and solvents, and others), and geography (North America, APAC, Europe, MEA, and South America). The warehouse drums and barrels market report also offers information on several market vendors, including Greif Inc., Jakacki Bag and Barrel Inc., MAUSER Corporate GmbH, MVM Pack Holding AG, REMCON Plastics Inc., SCHUTZ GmbH and Co. KGaA, Skolnik Industries Inc., Sonoco Products Co., Tank Holding Corp., and Time Technoplast Ltd. among others.

What will the Warehouse Drums and Barrels Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Warehouse Drums and Barrels Market Size for the Forecast Period and Other Important Statistics

 

Warehouse Drums and Barrels Market: Key Drivers, Trends, and Challenges

The rise in international trade is notably driving the warehouse drums and barrels market growth, although factors such as increasing competition among vendors in the market may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the warehouse drums and barrels industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Warehouse Drums and Barrels Market Driver

One of the key factors driving growth in the warehouse drums and barrels market is the rise in international trade. The global demand for chemicals, specifically specialty chemicals and petrochemicals, has increased rapidly in the past few years and is mainly driven by the high consumption in developing economies such as India and China. Countries need to have adequate storage facilities to stock these chemical raw materials to meet the rising demand from end-user industries. The rising consumer purchasing power in APAC will translate into higher affordability, which will drive the demand for chemicals in the region. A rapid increase in the global production and consumption of chemicals has positively influenced the international chemical trade. The increasing trade of chemical products globally requires logistics, distribution, and warehousing storage. All these factors contribute to the trade of various types of chemical products around the globe, which, in turn, is driving the demand for warehouse drums and barrels for chemical storage.

Key Warehouse Drums and Barrels Market Trend

The rise of multistoried warehouse storage is another factor supporting the warehouse drums and barrels market share growth. The growth of the e-commerce market across the globe, especially in China, the US, the UK, Germany, and Japan, has led to increased demand for warehouse and storage facilities. The e-commerce sector is one of the significant consumers of warehouse storage containers, including drums and barrels. One of the solutions for better e-commerce service is to place the warehouses as close as possible to the consumer to reduce the delivery time. As land in major cities has become scarce and expensive, particularly in crucial commercial centers, such as Shanghai and Beijing, the rental prices for warehouse spaces are expected to increase during the forecast period. To overcome this issue, developers are adding more floors to warehouse units. Such developments will positively impact the sale of warehouse drums and barrels during the forecast period.

Key Warehouse Drums and Barrels Market Challenge

The increasing competition among vendors in the market will be a major challenge for the warehouse drums and barrels market during the forecast period. The market is dynamic due to the presence of several regional and international players, which compete based on parameters such as new acquisitions, expansions, marketing, etc. The presence of numerous vendors has also led to intense competition and price wars. Such price wars are expected to hamper the profit margins of vendors operating in this market and lead to the exit of smaller businesses from the market, which is a significant challenge for the market.

This warehouse drums and barrels market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global warehouse drums and barrels market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the warehouse drums and barrels market during the forecast period.

Who are the Major Warehouse Drums and Barrels Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Greif Inc.
  • Jakacki Bag and Barrel Inc.
  • MAUSER Corporate GmbH
  • MVM Pack Holding AG
  • REMCON Plastics Inc.
  • SCHUTZ GmbH and Co. KGaA
  • Skolnik Industries Inc.
  • Sonoco Products Co.
  • Tank Holding Corp.
  • Time Technoplast Ltd.

 

This statistical study of the warehouse drums and barrels market encompasses successful business strategies deployed by the key vendors. The warehouse drums and barrels market is fragmented and the vendors are deploying growth strategies such as focusing on developing efficient application-specific drums and barrels to compete in the market. 

Product Insights and News

  • Sonoco Products Co. - The company offers warehouse drums and barrels through its subsidiary, Weidenhammer New Packaging LLC.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The warehouse drums and barrels market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Warehouse Drums and Barrels Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the warehouse drums and barrels market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the metal and glass containers market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Industry innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Warehouse Drums and Barrels Market?

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34% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for warehouse drums and barrels in APAC. Market growth in this region will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Material Segments in the Warehouse Drums and Barrels Market?

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The warehouse drums and barrels market share growth by the steel segment will be significant during the forecast period. The segment growth is majorly driven by the high robustness of steel drums, which ensures maximum protection, as these are less prone to bending, cracking, or tearing, unlike plastic and fiber drums. Moreover, most of the steel drums are stacked on top of each other, making them a suitable option for smaller storage space. Additionally, steel drums also provide protection against fire damage. Therefore, such factors are expected to fuel the segment growth during the forecast period. The segment faces strong competition from steel IBCs, due to better space and cost optimization. As drums and barrels have a cylindrical shape, they provide lower space utilization compared to IBC tanks. Therefore, a rise in demand for IBC tanks may restrict the segment’s growth during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the warehouse drums and barrels market size and actionable market insights on post COVID-19 impact on each segment.

 

Warehouse Drums and Barrels Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.15%

Market growth 2022-2026

$ 2.32 billion

Market structure

Fragmented

YoY growth (%)

3.65

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, India, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Greif Inc., Jakacki Bag and Barrel Inc., MAUSER Corporate GmbH, MVM Pack Holding AG, REMCON Plastics Inc., SCHUTZ GmbH and Co. KGaA, Skolnik Industries Inc., Sonoco Products Co., Tank Holding Corp., and Time Technoplast Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Warehouse Drums and Barrels Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive warehouse drums and barrels market growth during the next five years
  • Precise estimation of the warehouse drums and barrels market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the warehouse drums and barrels industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of warehouse drums and barrels market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Chemicals - Market size and forecast 2021-2026
    • Petroleum - Market size and forecast 2021-2026
    • Food products - Market size and forecast 2021-2026
    • Paint and solvents - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Application

    Market Segmentation by Material

    • Market segments
    • Comparison by Material
    • Steel - Market size and forecast 2021-2026
    • Plastic - Market size and forecast 2021-2026
    • Fiber - Market size and forecast 2021-2026
    • Market opportunity by Material

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2021-2026
    • APAC - Market size and forecast 2021-2026
    • Europe - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Greif Inc.
    • Jakacki Bag and Barrel Inc.
    • MAUSER Corporate GmbH
    • MVM Pack Holding AG
    • REMCON Plastics Inc.
    • SCHUTZ GmbH and Co. KGaA
    • Skolnik Industries Inc.
    • Sonoco Products Co.
    • Tank Holding Corp.
    • Time Technoplast Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The warehouse drums and barrels market growth will increase by $2323.30 million during 2021-2026.
    The warehouse drums and barrels market is expected to grow at a CAGR of 4.15% during 2021-2026.
    Technavio has segmented the warehouse drums and barrels market by material (Steel, Plastic, and Fiber) ,application (Chemicals, Petroleum, Food products, Paint and solvents, and Others) , and geographic (North America, APAC, Europe, MEA, and South America).
    Greif Inc., Jakacki Bag and Barrel Inc., MAUSER Corporate GmbH, MVM Pack Holding AG, REMCON Plastics Inc., SCHUTZ GmbH and Co. KGaA, Skolnik Industries Inc., Sonoco Products Co., Tank Holding Corp., Time Technoplast Ltd. are a few of the key vendors in the warehouse drums and barrels market.
    APAC will register the highest growth rate of 34.10% among the other regions. Therefore, the warehouse drums and barrels market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the warehouse drums and barrels market growth are:
    • Rise in international trade
    The warehouse drums and barrels market vendors should focus on grabbing business opportunities from the steel segment as it accounted for the largest market share in the base year.
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