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 are used drums that have been cleaned, reconditioned, and re-purposed for use in a variety of industries. The global reconditioned steel drums market is expected to grow due to the increasing demand for sustainable packaging solutions.
As per the Reusable Industrial Packaging Association (RIPA), a U.S.-based trade association which includes businesses such as manufacture, recondition and/or distribution of industrial containers, there was a steep decline of approximately 45% in scrapping of steel drums in United States in the year 2013.
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Global Reconditioned Steel Drums Market: Company Developments and Industry Level Trends
Key market participants all across the globe that operate in the bulk industrial packaging market have focus towards acquisition or collaboration with local / regional unorganized players who provide reconditioning services.
- In 2010, The Mauser Group announced the takeover of the business of American Container Net, Inc. (ACN) along with its wholly owned subsidiary, Strawser Steel Drum of Ohio, Ltd. (SSD). ACN is a recognized national player in the North American steel drum reconditioning industry.
- In 2018, Greif added a new high speed production line for manufacturing steel drums at its plant in Vreeland, Netherlands. This the investment will bring significant efficiency gains to the production of small tight head steel drums (12 L to 38 L), improving performance, optimizing lead times and offering delivery flexibility.
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Key players covered in the report 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.
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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
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