Mounting environmental concerns over recycling / safe disposal of packaging containers have headed to the emergence of new regulations / policies, thus mandating companies to recover their packaging products. However, re-use of this containers especially steel drums with the previous residues may lead to cross contamination. This has led key bulk industrial packaging manufacturers to provide reconditioning services. 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.
FMI, in its upcoming business report, elaborates the historical and current scenario of the global Reconditioned Steel Drums market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Reconditioned Steel Drums market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
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COVID-19 Impact Analysis on Reconditioned Steel Drums Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Reconditioned Steel Drums market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Reconditioned Steel Drums market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Reconditioned Steel Drums market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Global Reconditioned Steel Drums Market: Key Players
Some of the key players currently operating in the global reconditioned steel drums market are:
- 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
The report on reconditioned steel drums is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The reconditioned steel drums report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The reconditioned steel drums report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Reconditioned Steel Drums Market: Segmentation
The global reconditioned steel drums market can be segmented on the basis of material, size/capacity, closure, preferred distribution network and the end use D
The global reconditioned steel drums market can be segmented on the basis of material type into:
- Stainless Steel Drums
- Cold rolled Steel Drums
- Carbon Steel Drums
The global reconditioned steel drums market can be segmented on the basis of head type into:
- Tight Head (closed top) Reconditioned Steel Drums
- Open Head (removable top) Reconditioned Steel Drums
The global reconditioned steel drums market can be segmented on the basis of size/capacity into:
- Reconditioned steel drums with Capacity Up to 10 Gallons
- 10- 25 Gallons
- 25- 40 Gallons
- 40-55 Gallons
- Reconditioned steel drums with Capacity of 55 Gallons and above
The global reconditioned steel drums market can be segmented on the basis of end use industry served into:
- Food & Beverages
- Pharmaceuticals & Healthcare
- Building and Construction
- Oils & Lubricants
- Chemicals and solvents
- Paints & Dyes
- Agriculture & Allied Industry (Fertilizers / Pesticides)
- Other Industrial End Use
Important Questions Answered in the Reconditioned Steel Drums Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Reconditioned Steel Drums market been expanding during the forecast period?
- How will the global Reconditioned Steel Drums market look like by the end of the forecast period?
- What innovative strategies are adopted by Reconditioned Steel Drums market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Reconditioned Steel Drums market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Reconditioned Steel Drums market