Market Overview:
The global 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 stainless steel drums in various applications such as agriculture, building and construction, chemicals & solvents, food & beverages, healthcare & pharmaceuticals, oils & lubricants and others. In terms of type, the up to 10 gallons segment is projected to lead the global stainless steel drum market during the forecast period owing to its low cost and easy handling. However, in terms of revenue share contribution, the 50-80 gallons segment is expected to dominate the global market by 2030 end.
Product Definition:
A stainless steel drum is a container made from stainless steel, a type of metal that is resistant to corrosion. Stainless steel drums are often used for storing and transporting liquids and other materials because they are durable and can resist corrosion.
Up To 10 Gallons:
Up to 10 gallons is a range of stainless steel drums that are commonly used for shipping liquid products such as paints, chemicals, and pharmaceuticals. It is also used in the food industry for transportation of liquids such as salad dressings and mayonnaise. The common sizes include 14-gallon drums and 18-gallon drums.
10-30 Gallons:
10-30 Gallons is a shipping container that size of 500-mL to 2,000-Liters. It is widely used for the transportation and storage of liquid products such as chemicals, food & beverages, pharmaceuticals among others. The 10–30 gallon drum has a capacity to carry 30% more weight compared to 20–50 gallon drums making it an ideal choice for carrying bulk solids such as chemical powders or grains.
Application Insights:
Building and construction was the largest application segment in 2017, accounting for a market share of over 33.0% in terms of revenue. The segment is expected to witness significant growth on account of increasing demand from the building and construction industry across various regions including Asia Pacific, Middle East and Africa, Central and South America.
The oil & lubricants application segment is also likely to have considerable growth over the forecast period owing to high product usage as an industrial lubricant worldwide due to its low friction characteristics with most metal surfaces including but not limited to: engines, turbines, bearings etc., which results in improved performance enhancing equipment efficiency leading to increased productivity at a lower cost which will drive demand further.
Regional Analysis:
Asia Pacific dominated the global stainless steel drum market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 68% in 2017, which can be attributed to large-scale production of beverages and food products as well as industrial chemicals. Increasing construction spending along with rising demand for housing structures from an increasing population is anticipated to drive stainless steel drum demand in Asia Pacific over the forecast period.
The growth of major end-use industries such as healthcare & pharmaceuticals, oil & gas, building & construction coupled with robust economic growth has led to an increase in disposable income that has resulted into increased consumer spending on luxury goods and services including restaurants and hotels that have triggered product demand across various regions worldwide.
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 by key players in research and development to develop new products
- Emergence of stainless steel drums as a preferred packaging option for hazardous materials
- Proliferation of e-commerce platforms that are fuelling the demand for small-sized stainless steel drums
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless Steel Drum Market Research Report
By Type
Up To 10 Gallons, 10-30 Gallons, 30-50 Gallons, 50-80 Gallons And Above
By Application
Agriculture, Building And Construction, Chemicals & Solvents, Food & Beverages, Healthcare & Pharmaceuticals, Oils & Lubricants, Others
By Companies
Carbon Stee Drum, Chicago Steel Container, Clouds Drums Dubai, General Steel Drum, Greif, Industrial Container Services, Izvar Ambalaj Sanayi VE Ticaret, James G Carrick, Mauser Group, Metal Drum, North Coast Container, Rahway Steel Drum, Chicago Steel Container
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Stainless Steel Drum Market Report Segments:
The global Stainless Steel Drum market is segmented on the basis of:
Types
Up To 10 Gallons, 10-30 Gallons, 30-50 Gallons, 50-80 Gallons And Above
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
Agriculture, Building And Construction, Chemicals & Solvents, Food & Beverages, Healthcare & Pharmaceuticals, Oils & Lubricants, 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:
- Carbon Stee Drum
- Chicago Steel Container
- Clouds Drums Dubai
- General Steel Drum
- Greif
- Industrial Container Services
- Izvar Ambalaj Sanayi VE Ticaret
- James G Carrick
- Mauser Group
- Metal Drum
- North Coast Container
- Rahway Steel Drum
- Chicago Steel Container
Highlights of The 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:
- Up To 10 Gallons
- 10-30 Gallons
- 30-50 Gallons
- 50-80 Gallons And Above
- By Application:
- Agriculture
- Building And Construction
- Chemicals & Solvents
- Food & Beverages
- Healthcare & Pharmaceuticals
- Oils & Lubricants
- 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 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?
A stainless steel drum is a metal container made of stainless steel. Stainless steel drums are often used to store food, beverages, or other materials.
Some of the major companies in the stainless steel drum market are Carbon Stee Drum, Chicago Steel Container, Clouds Drums Dubai, General Steel Drum, Greif, Industrial Container Services, Izvar Ambalaj Sanayi VE Ticaret, James G Carrick, Mauser Group, Metal Drum, North Coast Container, Rahway Steel Drum, Chicago Steel Container.
The stainless steel drum market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Stainless Steel Drum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Stainless Steel Drum Market Size & Forecast, 2020-2028
4.5.1 Stainless Steel Drum Market Size and Y-o-Y Growth
4.5.2 Stainless Steel Drum Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Up To 10 Gallons
5.2.2 10-30 Gallons
5.2.3 30-50 Gallons
5.2.4 50-80 Gallons And Above
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Building And Construction
6.2.3 Chemicals & Solvents
6.2.4 Food & Beverages
6.2.5 Healthcare & Pharmaceuticals
6.2.6 Oils & Lubricants
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Up To 10 Gallons
9.6.2 10-30 Gallons
9.6.3 30-50 Gallons
9.6.4 50-80 Gallons And Above
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 Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Building And Construction
9.10.3 Chemicals & Solvents
9.10.4 Food & Beverages
9.10.5 Healthcare & Pharmaceuticals
9.10.6 Oils & Lubricants
9.10.7 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Up To 10 Gallons
10.6.2 10-30 Gallons
10.6.3 30-50 Gallons
10.6.4 50-80 Gallons And Above
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 Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Building And Construction
10.10.3 Chemicals & Solvents
10.10.4 Food & Beverages
10.10.5 Healthcare & Pharmaceuticals
10.10.6 Oils & Lubricants
10.10.7 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Up To 10 Gallons
11.6.2 10-30 Gallons
11.6.3 30-50 Gallons
11.6.4 50-80 Gallons And Above
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 Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Building And Construction
11.10.3 Chemicals & Solvents
11.10.4 Food & Beverages
11.10.5 Healthcare & Pharmaceuticals
11.10.6 Oils & Lubricants
11.10.7 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Up To 10 Gallons
12.6.2 10-30 Gallons
12.6.3 30-50 Gallons
12.6.4 50-80 Gallons And Above
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 Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Building And Construction
12.10.3 Chemicals & Solvents
12.10.4 Food & Beverages
12.10.5 Healthcare & Pharmaceuticals
12.10.6 Oils & Lubricants
12.10.7 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Up To 10 Gallons
13.6.2 10-30 Gallons
13.6.3 30-50 Gallons
13.6.4 50-80 Gallons And Above
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) Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Building And Construction
13.10.3 Chemicals & Solvents
13.10.4 Food & Beverages
13.10.5 Healthcare & Pharmaceuticals
13.10.6 Oils & Lubricants
13.10.7 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 Stainless Steel Drum Market: Competitive Dashboard
14.2 Global Stainless Steel Drum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carbon Stee Drum
14.3.2 Chicago Steel Container
14.3.3 Clouds Drums Dubai
14.3.4 General Steel Drum
14.3.5 Greif
14.3.6 Industrial Container Services
14.3.7 Izvar Ambalaj Sanayi VE Ticaret
14.3.8 James G Carrick
14.3.9 Mauser Group
14.3.10 Metal Drum
14.3.11 North Coast Container
14.3.12 Rahway Steel Drum
14.3.13 Chicago Steel Container
