The global corrugated open-head drums market is on a remarkable growth trajectory, projected to reach a substantial value of US$ 12.9 billion in 2023, with a further expected surge. This market is forecasted to expand at an impressive Compound Annual Growth Rate (CAGR) of 8.0% between 2023 and 2033, ultimately reaching a valuation of US$ 27.9 billion.
The evolution of e-commerce has ushered in a transformative era in the retail landscape, altering consumer shopping habits and the operational dynamics of businesses. As online shopping gains prevalence, it brings with it an array of logistical challenges, particularly the critical need to ensure the safe and intact delivery of products to their destinations.
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In this context, the role of efficient and secure packaging solutions has become paramount, and corrugated open-head drums have emerged as a dependable choice to meet these evolving demands. E-commerce encompasses a wide range of products, including delicate items such as electronics, glassware, ceramics, cosmetics, and more, all susceptible to damage during transit.
Corrugated open-head drums offer an exceptional level of protection, thanks to their sturdy construction and the shock-absorbing properties of corrugated cardboard material. This resilience helps reduce the risk of breakage or damage caused by impacts or rough handling during the shipping process, enhancing the overall reliability of the e-commerce supply chain.
Moreover, given the often long-distance or cross-border nature of e-commerce shipping, products may be exposed to varying weather conditions, temperature fluctuations, and multiple handling stages. Corrugated open-head drums are well-equipped to withstand these challenges, ensuring that products reach their final destinations in optimal condition. This dynamic market is not only a testament to the adaptability of packaging solutions but also reflects the pivotal role they play in the rapidly evolving world of e-commerce.
Recent Developments:
- In 2023, Skolnik Industries, Inc., a US-based manufacturer of corrugated open-head drums, launched a new line of drums that are specifically designed for the storage and transportation of food products. These drums are made from food-grade materials and are designed to meet the strict requirements of the food industry.
- In 2022, Greif, Inc., a leading manufacturer of corrugated open-head drums, announced the acquisition of Uniloy Manufacturing, a manufacturer of plastic processing equipment. This acquisition will help Greif to expand its product portfolio and manufacturing capabilities.
- In 2022, BWAY Parent Company, another key player in the corrugated open-head drums market, launched a new line of drums made from recycled materials. These drums are designed to be more environmentally friendly than traditional drums.
Key Players
SCHÜTZ GmbH & Co. KGaA., Greif, Inc, Mauser Group B.V., Fass-Braun GmbH, Anglo American Steel L.L.C., Al Fujairah Steel Barrels & Drums (LLC), Pipeline Packaging, Rehway Steel Drum Co., Inc., Skolnik Industries, Inc.
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Analysis of the Top Market Players:
Competition is a major subject in any market research analysis. This is a report provided with the help of the competitive analysis provided in the players can easily study key strategies adopted by leading players in the Corrugated Open-head Drums market. Major and emerging players of the market are closely studied taking into consideration their market share, production, revenue, sales growth, gross margin, product portfolio, and other significant factors. This will help players to become familiar with the moves of their toughest competitors in the market.
Corrugated Open-head Drums Market: Segmental Highlights
The segmentation chapter allows readers to understand aspects of the Corrugated Open-head Drums market such as products/services types, available technologies, and applications. The research report also provides insightful information on new trends that are likely to define the progress of these segments over the next few years. The assessment of the market factors gives a brief overview of the impact on the demand over the forecast period. In the Study, you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting market-associated stakeholders.
Knowing how the product/services fit the needs of clients and what changes would require to make the product more attractive is the need of an hour. In order to make marketers make effective strategies and identify why the target market is not giving attention, we ensure the Study is Segmented with appropriate marketing & sales channels to identify potential market size by Revenue and Volume. Demand-side analysis always helps to correlate consumer preferences with innovation. Understanding marketing effectiveness on a continual basis help determine the potential of advertising and marketing communications and allow us to use best practices to utilize an untapped audience.
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Key Segments:
By Capacity:
- Below 25 Gallons
- 25-50 Gallons
- 51-75 Gallons
- Above 75 Gallons
By Closure Type:
- Metal Closure
- Plastic Closure
- Fiber Closure
By End Use:
- Food & Beverage
- Chemicals & Fertilizers
- Agriculture
- Building & Construction
- Pharmaceuticals
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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