Rising Demand for Intermediate Bulk Containers (IBCs) Drives Global Market Growth

Global Steel Drums and Intermediate Bulk Container (IBC) Market – Industry Trends and forecast period of 2029.

Global Steel Drums and Intermediate Bulk Container (IBC) Market was valued at USD 14.06 billion in 2021 and is expected to reach USD 19.92 billion by 2029, registering a CAGR of 4.45% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

An across-the-board analysis of the market structure along with the forecast of the various segments and sub-segments of the market have been delivered through global Global

Steel Drums and Intermediate Bulk Container (IBC) Market report. This large scale market research document not only saves precious time but also add credibility to the work. The base year for calculation in the report is considered as 2020 while the historic year is 2019 which suggests how the market is going to perform in the forecast years by informing about the market definition, classifications, applications, and engagements. Global Steel Drums and Intermediate Bulk Container (IBC) Market analysis aids to get up to date about various segments that are relied upon to observe the rapid business development amid the estimate forecast frame.

Market Definition

Steel drums and intermediate bulk container (IBC) are common shipping containers for both industrial and non-industrial goods. They're also designed to transport hazardous chemicals, metals, and liquids in accordance with regulations. Plastic, metal, and alloys could be used to create immediate bulk containers (IBCs). Steel drums and intermediate bulk container (IBC) are predicted to grow in popularity because to considerations such as reusability, adaptability, and protection from environmental threats.

Segment Analysis:

By Capacity (Drums, IBCs), Content (Liquid, Solid and Semi-Solid), End-Use (Chemicals, Petroleum and Lubricants, Paints, Inks and Dyes, Food and Beverages, Building and Construction, Healthcare and Pharmaceuticals, Others)

Scope of the Global Steel Drums and Intermediate Bulk Container (IBC) Market

The worldwide packaging market is distinguished by constant product development geared primarily at improving the effectiveness obtained from material capabilities. Material changes are being implemented by manufacturers, resulting in economic and functional gains. Furthermore, the steel drums and intermediate bulk container (IBC) are one of the safest kinds of packaging for risky items such as chemicals, due to which their demand has remained consistent over the past few years. The market is anticipated to expand vastly even during the forecast period owing to the high demand of these steel drums and intermediate bulk container (IBC) across the globe.

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Key Market Competitors Covered in the Report

Greif (U.S.).,TPL Plastech Ltd. (India), Balmer Lawrie Co. Ltd (India)., Time Technoplast Ltd (India)., Sicagen (India)., BWAY Corporation (U.S.), Schütz GmbH Co. KGaA. (Germany), Eagle Manufacturing Company (U.S.), 3M (U.S), Orora Packaging Australia Pty Ltd (Australia), Industrial Container Services, (U.S.), Chicago Steel Container Corporation (U.S.), U.S. COEXCELL Inc (U.S.), NORTH COAST CONTAINER LLC. (U.S.), Rahway Steel Drum Company (U.S.) and General Steel Drum LLC (U.S)

Research Methodology: Global System Integrator Market for Retail and Consumer Goods

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

The retail segment will dominate the end-use segment of the Global Steel Drums and Intermediate Bulk Container (IBC) Market

The retail segment will emerge as the dominating segment under end-use with approximately 61.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors and electronics industry all around the globe will further bolster the growth of this segment.

Regional Analysis

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

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All the statistical and numerical data that has been forecasted in this business report is represented with the help of graphs, charts, or tables which Global Steel Drums and Intermediate Bulk Container (IBC) Market business report more user friendly. The research and analysis performed in this report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. It also contains analysis, estimation, and discussion of important industry trends, market size, and market share. The top notch Global Steel Drums and Intermediate Bulk Container (IBC) Market report provides a comprehensive study on production capacity, consumption, import and export for all major regions across the world.

COVID-19 Impact on Global Steel Drums and Intermediate Bulk Container (IBC) Market

The current coronavirus outbreak impacted the industrial drum industry negatively, owing to the sharp decline in product demand, dropping pricing, and storage constraints. Moreover, COVID-19 will have a detrimental impact on transportation and logistics in 2020. Many plants were shut down in early 2020 to break the virus's chain, affecting the steel drum and intermediate bulk container (IBC) markets. Furthermore, the manufacturing of certain the steel drum and intermediate bulk container (IBC) items has been halted because to the pandemic's prolonged lockdown in important global countries. The industrial drum market has been severely hampered as a result of this.

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North America Encoder Market

Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global Steel Drums and Intermediate Bulk Container (IBC) Market

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