The global demand for Reconditioned Steel Drums Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Reconditioned steel drum are eco-friendly product that can reduce the packaging cost and help the environment by the amount of material been disposed of and virgin materials being used. Reconditioned steel drums generate 68% less CO2/drum than brand new steel drums. Reconditioned steel drums under-go process such as rebottling, washing, furnace oxidation, dried, reinforced, and finally purified of all residues from its last use. The reuse of steel drums is witnessed to be far more environmentally beneficial than turning this drums into scrap.
Rising environmental concern across the globe is consider as a key factor that drive the market growth. Furthermore, high cost of raw materials and high cost of production is another factor that propel the demand. In addition to this, high value added taxes and implementation of strict rules and regulation by many government is boosting the market growth. Apart from this, key players are focusing towards acquisition or collaboration with local / regional unorganized players who provide reconditioning services. Other factor includes rising demand from many end-use industry, for instance, industrial chemical packaging is expected to fuel the demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of reconditioned steel drums.
The entire reconditioned steel drums market has been sub-categorized into material type, head type, size and end use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Material Type
By Head Type
- Stainless Steel Drums
- Cold Rolled Steel Drums
- Carbon Steel Drums
- Tight Head (closed top) Reconditioned Steel Drums
- Open Head (removable top) Reconditioned Steel Drums
By End Use Industry
- Capacity Up to 10 Gallons
- 10- 25 Gallons
- 25- 40 Gallons
- 40-55 Gallons
- Capacity of 55 Gallons and above
- Food & Beverages
- Pharmaceuticals & Healthcare
- Building and Construction
- Oils & Lubricants
- Chemicals and solvents
- Paints & Dyes
- Agriculture & Allied Industry (Fertilizers / Pesticides)
This section covers regional segmentation which accentuates on current and future demand for reconditioned steel drums market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Reconditioned Steel Drums Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the reconditioned steel drums market include Greif, Inc., Mauser Group B.V., The Cary Company, Rahway Steel Drum Co Inc., Mitchell Container Services, Inc., Chicago Steel Container Corp., General Steel Drum LLC, Schutz Container Systems, Inc., North Coast Container Corp., Metal Drum Co Ltd/The, Industrial Container Services, Inc., James G Carrick & Co Ltd, Clouds Drums Dubai LLC, Skolnik Industries Inc., Izvar Ambalaj Sanayi VE Ticaret AS. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.