The Reconditioned Steel Drums Market is experiencing a surge due to escalating environmental concerns and regulations regarding packaging disposal. Major industrial packaging manufacturers are offering reconditioning services for steel drums, involving processes like cleaning, reinforcement, and residue removal. This eco-friendly approach reduces waste and cross-contamination risks associated with reuse.
The market’s growth is evident from reduced scrapping rates of steel drums, as reported by the Reusable Industrial Packaging Association (RIPA). This trend underscores the market’s role in sustainable packaging solutions, catering to both environmental demands and industrial needs.
The mounting environmental concerns surrounding the recycling and safe disposal of packaging containers have prompted the implementation of new regulations and policies, compelling companies to take responsibility for recovering their packaging products. However, reusing containers, particularly steel drums with previous residues, presents the potential risk of cross-contamination.
To address this issue, major bulk industrial packaging manufacturers have introduced reconditioning services. The reconditioning process for steel drums involves stages such as rebottling, washing, furnace oxidation, drying, reinforcement, and thorough purification to eliminate residues from previous uses. Opting for reconditioned steel drums is proving to be significantly more environmentally advantageous compared to scrapping these drums.
According to the Reusable Industrial Packaging Association (RIPA), a U.S.-based trade association representing businesses engaged in manufacturing, reconditioning, and distributing industrial containers, there was a substantial 45% reduction in the scrapping of steel drums in the United States in 2013. This decline in scrapping rates can be attributed to the growing preference for reconditioned packaging services, resulting in reduced packaging waste and disposal.
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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.
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.
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
Global Reconditioned Steel Drums Market: Regional Outlook
The global reconditioned steel drums market is segmented into seven regions, namely, Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ), and Japan.
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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?
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