Market Overview:
The global seal type stainless steel drum market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for seal type stainless steel drums in various end-use industries such as wine industry, chemical, pharma, food and others. In terms of volume, the North America region is expected to lead the global seal type stainless steel drum market during the forecast period followed by Europe and Asia Pacific regions.
Product Definition:
A stainless steel drum is a cylindrical container that is used to store or ship materials. The drum has a lid that can be sealed to prevent the contents from escaping.
20 Gallon is the size of a standard shipping container. It's primary function is to store hazardous or corrosive materials that require special handling and care. 20-gallon drums are used in several industries including construction, pharmaceuticals, oil & gas, chemicals and wastewater treatment among others.
20-50 Gallon:
20-50 Gallon is a standard size for stainless steel drums. It is widely used by the food & beverage, chemical, and pharmaceutical industries. 20-50 gallon stainless steel drum has a capacity of holding up to 63 US gallons (that's about 22 Imperial pints) and can be used across various applications in the food & beverage industry such as fruit juices, dairy products, oils & fats among others.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to rising awareness among consumers regarding product quality and safety. The wine industry was the largest application segment in 2017, accounting for over 55% of the total demand. Stainless steel drums are widely used by wineries and wine bottling companies across various regions including North America, Europe, Asia Pacific and Latin America.
Wine is one of the most popular beverages globally with a high consumption rate in countries such as France, Italy, Spain and China. Overproduction of alcoholic drinks like wine has led to an increase in waste disposal issues across various regions especially in European countries where landfilling rates are relatively high due to limited space availability coupled with strict regulations on food waste disposal from 2015-2016 which is expected to drive demand over the forecast period further driving growth of this market segment during 2018-2030 period.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing population in countries, such as China, India, Vietnam, Thailand and Indonesia. In addition, rising disposable income levels coupled with an expanding middle-class population base will drive demand over the forecast period.
North America was the second largest regional market for a seal type stainless steel drum after Asia Pacific in 2017 owing to high product penetration rates in end-use industries including food & beverage and pharmaceuticals due to strong brand presence of major players operating within this region. Europe is also expected witness significant growth over the coming years on account of growing pharmaceutical industry coupled with stringent regulations by European Union (EU) regarding environment protection issues arising from hazardous waste disposal through landfills or dumping activities thus driving demand for sustainable packaging solutions such as seal type stainless steel drums thereby augmenting industry growth across this region significantly over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as food and beverage, pharmaceuticals, and cosmetics
- Growing popularity of stainless steel drums in the Asia Pacific region
- Rising investment in research and development by key players to develop new products
- Proliferation of e-commerce platforms that offer a wide range of stainless steel drums at competitive prices
- Increasing number of mergers and acquisitions among key players to expand their product portfolio
Scope Of The Report
Report Attributes
Report Details
Report Title
Seal Type Stainless Steel Drum Market Research Report
By Type
<20 Gallon, 20-50 Gallon, 50-80 Gallon, >80 Gallon
By Application
Wine Industry, Chemical, Pharma, Food, Others
By Companies
Greif, Hoover Ferguson, Skolnik, Schuetz GmbH and Co. KGaA, Mauser Packaging Solutions, Thielmann US, Paulmueller, Berlin Packaging, Automationstechnik GmbH, KW Package, Greif, Rahway Steel Drum Company, ROCHE, Sicagen India, Balmer Lawrie, The Metal Drum Company, Myers Container, Duttenhoffer, Great Western Containers, Pyramid Technoplast, Peninsula Drums, KINGREAL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Seal Type Stainless Steel Drum Market Report Segments:
The global Seal Type Stainless Steel Drum market is segmented on the basis of:
Types
<20 Gallon, 20-50 Gallon, 50-80 Gallon, >80 Gallon
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wine Industry, Chemical, Pharma, Food, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Greif
- Hoover Ferguson
- Skolnik
- Schuetz GmbH and Co. KGaA
- Mauser Packaging Solutions
- Thielmann US
- Paulmueller
- Berlin Packaging
- Automationstechnik GmbH
- KW Package
- Greif
- Rahway Steel Drum Company
- ROCHE
- Sicagen India
- Balmer Lawrie
- The Metal Drum Company
- Myers Container
- Duttenhoffer
- Great Western Containers
- Pyramid Technoplast
- Peninsula Drums
- KINGREAL
Highlights of The Seal Type Stainless Steel Drum Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- <20 Gallon
- 20-50 Gallon
- 50-80 Gallon
- >80 Gallon
- By Application:
- Wine Industry
- Chemical
- Pharma
- Food
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Seal Type Stainless Steel Drum Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Seal type stainless steel drums are made from 18-8 grade stainless steel. This type of drum is used for food and beverage storage.
Some of the key players operating in the seal type stainless steel drum market are Greif, Hoover Ferguson, Skolnik, Schuetz GmbH and Co. KGaA, Mauser Packaging Solutions, Thielmann US, Paulmueller, Berlin Packaging, Automationstechnik GmbH, KW Package, Greif, Rahway Steel Drum Company, ROCHE, Sicagen India, Balmer Lawrie, The Metal Drum Company, Myers Container, Duttenhoffer, Great Western Containers, Pyramid Technoplast, Peninsula Drums, KINGREAL.
The seal type stainless steel drum market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Seal Type Stainless Steel Drum Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Seal Type Stainless Steel Drum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Seal Type Stainless Steel Drum Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Seal Type Stainless Steel Drum Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Seal Type Stainless Steel Drum Market Size & Forecast, 2018-2028
4.5.1 Seal Type Stainless Steel Drum Market Size and Y-o-Y Growth
4.5.2 Seal Type Stainless Steel Drum Market Absolute $ Opportunity
Chapter 5 Global Seal Type Stainless Steel Drum Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Seal Type Stainless Steel Drum Market Size Forecast by Type
5.2.1 <20 Gallon
5.2.2 20-50 Gallon
5.2.3 50-80 Gallon
5.2.4 >80 Gallon
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Seal Type Stainless Steel Drum Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Seal Type Stainless Steel Drum Market Size Forecast by Applications
6.2.1 Wine Industry
6.2.2 Chemical
6.2.3 Pharma
6.2.4 Food
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Seal Type Stainless Steel Drum Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Seal Type Stainless Steel Drum Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Seal Type Stainless Steel Drum Analysis and Forecast
9.1 Introduction
9.2 North America Seal Type Stainless Steel Drum Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Seal Type Stainless Steel Drum Market Size Forecast by Type
9.6.1 <20 Gallon
9.6.2 20-50 Gallon
9.6.3 50-80 Gallon
9.6.4 >80 Gallon
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Seal Type Stainless Steel Drum Market Size Forecast by Applications
9.10.1 Wine Industry
9.10.2 Chemical
9.10.3 Pharma
9.10.4 Food
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Seal Type Stainless Steel Drum Analysis and Forecast
10.1 Introduction
10.2 Europe Seal Type Stainless Steel Drum Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Seal Type Stainless Steel Drum Market Size Forecast by Type
10.6.1 <20 Gallon
10.6.2 20-50 Gallon
10.6.3 50-80 Gallon
10.6.4 >80 Gallon
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Seal Type Stainless Steel Drum Market Size Forecast by Applications
10.10.1 Wine Industry
10.10.2 Chemical
10.10.3 Pharma
10.10.4 Food
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Seal Type Stainless Steel Drum Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Seal Type Stainless Steel Drum Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Seal Type Stainless Steel Drum Market Size Forecast by Type
11.6.1 <20 Gallon
11.6.2 20-50 Gallon
11.6.3 50-80 Gallon
11.6.4 >80 Gallon
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Seal Type Stainless Steel Drum Market Size Forecast by Applications
11.10.1 Wine Industry
11.10.2 Chemical
11.10.3 Pharma
11.10.4 Food
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Seal Type Stainless Steel Drum Analysis and Forecast
12.1 Introduction
12.2 Latin America Seal Type Stainless Steel Drum Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Seal Type Stainless Steel Drum Market Size Forecast by Type
12.6.1 <20 Gallon
12.6.2 20-50 Gallon
12.6.3 50-80 Gallon
12.6.4 >80 Gallon
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Seal Type Stainless Steel Drum Market Size Forecast by Applications
12.10.1 Wine Industry
12.10.2 Chemical
12.10.3 Pharma
12.10.4 Food
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Seal Type Stainless Steel Drum Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Seal Type Stainless Steel Drum Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Seal Type Stainless Steel Drum Market Size Forecast by Type
13.6.1 <20 Gallon
13.6.2 20-50 Gallon
13.6.3 50-80 Gallon
13.6.4 >80 Gallon
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Seal Type Stainless Steel Drum Market Size Forecast by Applications
13.10.1 Wine Industry
13.10.2 Chemical
13.10.3 Pharma
13.10.4 Food
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Seal Type Stainless Steel Drum Market: Competitive Dashboard
14.2 Global Seal Type Stainless Steel Drum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Greif
14.3.2 Hoover Ferguson
14.3.3 Skolnik
14.3.4 Schuetz GmbH and Co. KGaA
14.3.5 Mauser Packaging Solutions
14.3.6 Thielmann US
14.3.7 Paulmueller
14.3.8 Berlin Packaging
14.3.9 Automationstechnik GmbH
14.3.10 KW Package
14.3.11 Greif
14.3.12 Rahway Steel Drum Company
14.3.13 ROCHE
14.3.14 Sicagen India
14.3.15 Balmer Lawrie
14.3.16 The Metal Drum Company
14.3.17 Myers Container
14.3.18 Duttenhoffer
14.3.19 Great Western Containers
14.3.20 Pyramid Technoplast
14.3.21 Peninsula Drums
14.3.22 KINGREAL
