" A winning Steel Drums and Intermediate Bulk Container (IBC) Market report is an established source of information that presents with a telescopic view of the current market trends, situations, opportunities and status. This report helps clients recognize new opportunities and most important customers for their business growth and increased revenue. Moreover, the trends in consumer and supply chain dynamics are also recognized and then accordingly strategies about marketing, promotion and sales are interpreted for an extreme success. The report gives details about the top players and brands that are driving the market. The current market scenario and future prospects of the sector have also been examined in the comprehensive Steel Drums and Intermediate Bulk Container (IBC) Marketing report.
Simplicity maintained in research method and application of best tools and techniques makes Steel Drums and Intermediate Bulk Container (IBC) Market research report an exceptional. This market report provides an ideal window to the industry which explains what market definition, classifications, applications, engagements and market trends are. The report also gives description about the complete market analysis with inputs from industry experts. A market research analysis and estimations carried out in the credible Steel Drums and Intermediate Bulk Container (IBC) Market report aids businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals.
Data Bridge Market Research analyses that the global steel drums and intermediate bulk container (IBC) market size was valued at USD 15.34 billion in 2023, is projected to reach USD 21.74 billion by 2031, growing at a CAGR of 4.45% during the forecast period of 2024 to 2031
Explore Further Details about This Research Steel Drums and Intermediate Bulk Container (IBC) Market Report https://www.databridgemarketresearch.com/reports/global-steel-drums-and-intermediate-bulk-container-ibc-market
Report Scope and Market Segmentation
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REPORT METRIC |
DETAILS |
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Forecast Period |
2024 to 2031 |
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Base Year |
2023 |
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Historic Years |
2022 (Customizable to 2016 - 2021) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Capacity (Drums and 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, and Others) |
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Countries Covered |
U.S., Canada, Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America |
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Market Players Covered |
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), Chicago Steel Container Corporation (U.S.), U.S. COEXCELL Inc (U.S.), North Coast Container (U.S.), Rahway Steel Drum Company (U.S.) and General Steel Drum LLC (U.S) |
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Market Opportunities |
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Market Definition
Steel drums are cylindrical containers made of steel, commonly used for storing and transporting liquids and other materials. Intermediate Bulk Containers (IBCs) are large, reusable industrial containers with capacities ranging from 200 to 1,000 liters, designed to efficiently handle and store liquids, powders, or granular substances.
Global Steel Drums and Intermediate Bulk Container (IBC) Market Dynamics
Drivers
- Rising Demand for Food and Beverage Packaging
Steel drums and IBCs are increasingly favored for packaging in the food and beverage sector due to their durability, hygiene, and capacity to maintain product quality during storage and transportation. Their robust construction ensures product integrity, meeting industry standards while addressing the need for reliable and sanitary packaging solutions in a growing market.
- Shift Towards Flexible Packaging
Despite the trend towards flexible packaging, steel drums and IBCs retain market dominance due to their durability, security, and suitability for specific products. Industries reliant on robust containment solutions, such as chemicals and hazardous materials, continue to rely on steel drums and IBCs, maintaining their relevance amidst evolving packaging preferences, which is driving the market growth.
Opportunities
- Global Trade and Logistics
The demand for efficient packaging solutions rises to ensure secure transportation over long distances, as global trade expands. Steel drums and IBCs offer reliable options for safeguarding goods during transit, meeting the stringent requirements of modern logistics. Their durability and robustness make them essential assets in the global supply chain is expected to create an opportunity for market growth.
What insights readers can gather from the Steel Drums and Intermediate Bulk Container (IBC) Market report?
- Learn the behavior pattern of every Steel Drums and Intermediate Bulk Container (IBC) Market -product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global Steel Drums and Intermediate Bulk Container (IBC) Market landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Steel Drums and Intermediate Bulk Container (IBC) Market research report.
- Interaction with research scientists and development heads to understand the nature of the Steel Drums and Intermediate Bulk Container (IBC) Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Steel Drums and Intermediate Bulk Container (IBC) Market size
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