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

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?

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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.

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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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