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Bulk Drums
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Competitive Intelligence

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Abi will answer all Bulk Drums related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Bulk Drums to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Technological Trends
  • Supplier Analysis
  • Supplier Profiling
  • Best Practices

Market Size

Global Market Size

$ 10.0 Bn

Market Size North America

$2.80 Bn

CAGR

4-5 percent

Market Size EMEA

$2.85 Bn

Table of contents

  1. Executive Summary
  2. GlobalDrums Market Outlook
  3. Regional Drums Market Outlook
  4. Major Trends and Innovations
  5. Category summary-Impact of COVID-19
  1. Market Analysis
  2. Global Drums Market Outlook
  3. Regional Drums Market Outlook
  4. Trade Outlook of Drums
  1. Industrial Analysis
  2. Porter’sAnalysis
  3. Key Trends for Drums
  4. Recent Innovations for Drums
  1. Sustainability Initiatives
  2. Avenuesfor Sustainability
  3. Best Practices in Sustainability
  4. Case Study for Sustainability
  1. Negotiation levers
  2. Negotiation levers and impact factor for each Negotiation lever

 

  1. Industry Best Practices
  2. Industry Best Practices for Drums
  3. Recycling and Reconditioning

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Global Bulk Drums Market Outlook

  • The global market for drums was valued at $ 10.0 billion in 2019 and is expected to grow at the rate of approximately 4-5 percent until 2024, reaching $ 12.74 billion. Steel drum, currently contributes to 67 percent of the global demand. However, demand for plastic drums is expected to have the fastest growth, of 6-7 percent, increasing its market share from 19 percent in 2019 to 20 percent in 2024
  • Pharmaceutical and Food segment is expected to take away majority of the market share which was led by Chemicals industry owing to high demand from manufacturing of new vaccines for COVID and high demand from food production

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Demand Market Outlook

Chemicals, agro-chemicals, and food and beverage industries are the major end-use segments driving the demand for industrial drums. APAC is witnessing the highest growth rate, around 6-7 percent

Global Market Size –Bulk Drums

  • Steel drums will continue to dominate the market with a market share of more than 68 percent; whereas plastic drums are expected to reach 22 percent in 2022
  • Drum demand in the developing regions of APAC and LATAM are expected to grow at 6-7 percent and 5-6 percent until 2022 due to the growth in end-use industries
  • The global drum demand is expected to grow at 4-5 percent from 2017-2022 and reach approximately $ 11.5 billion by 2022
  • Plastic drums contributed around 18 percent of the global demand for drums, and is experiencing strong growth owing to its cost and logistic advantages over its steel counterpart. However, steel drums will continue to dominate the market
  • Fiber drums are 10-15 percent lighter and 20-25 percent cheaper than plastic/steel drums, and has better recycling options. However, the market is very matured and almost stagnant in the developed regions

Global Capacity –Demand Analysis of Bulk Drums 

  • The Global drums market is expected to grow at a CAGR of around 4.5-5 percent from 2017 to reach a value of $ 11.4 billion in 2022. This is due to the high end-use demand from chemicals, pharmaceutical and, the food and beverage sector
  • Globally, the drums industry has an average utilization rate of 65-70 percent and the manufacturers are able to meet the demand without any supply constraints

Market Overview

Electricity generated from natural gas has been on the rise over the past 2–3 years in the U.S., which increased the drums price. In the developed markets, all the major drum manufacturers are involved in acquisitions, thereby creating intensive competition among suppliers. Ex: Mauser acquired Daniels Healthcare in the UK to increase its expertise in the medical waste industry. In the developing markets all the major players are involved in acquisition to consolidate market position. For example, Mauser acquired Greifs in Brazil and VIP Steel and National Packaging in Australia. In APAC apart from the global players there are many local manufacturers available who can cater to buyers demand which increases the buyer power.

Why You Should Buy This Report

The report gives details on the industrial drums market size, demand and supply outlook, major trends & innovation and industrial developments, supply chain analysis, global trade dynamics, import, export, etc. It gives the cost structure analysis and plastic drum price forecast for U.S., EU, Asia, LATAM, MEA. The report performs the SWOT analysis on major plastic drum supplier like Greif, Mauser, Schutz Gmbh, etc. It lists out the industry drivers and constraints, key trends, technological innovations, etc. and gives the Porter’s five force analysis of the developed and emerging regions.

Bulk Drums Market Frequently Asked Questions

  1. What’s the projected valuation of the industrial drums market?
  2. As per Beroe’s analysis, the drums market is expected to grow at a rate of 4 – 5 percent between 2017 to 2023 and will likely touch down a valuation of $11.9 billion.
  1. What market percentage does each drum type occupy in the industrial drums market?
  2. Following the data from Beroe’s report, it’s evident that: Steel drums get 67% market share Plastic drums share 19% of the market Fiber drums get a 14% share of the market The same report also indicates that plastic drums will showcase the fastest growth of 6 – 7 percent by 2021.
  1. Who are the top major plastic drum suppliers of the drum industry?
  2. The key players of the drum market that capture the entire supply base are: Greif Mauser Schutz Time Technoplast
  1. What are the major trends that influence the drum market industry?
  2. As per Beroe’s report, the major trends that affect the industrial drums market are: Solventless coating An innovative drum valve system Drum reconditioning Two-layer plastic drums
  1. What are the best practices followed in the drums market?
  2. As per Beroe’s report, the best practices that are prevalent within the drums market include: Regional sourcing is given more preference due to low transportation cost and lead times Engaging with global suppliers having a regional presence is considered more beneficial All major global players are taking key initiatives in providing reconditioning of drums through their subsidiaries
  1. What are the different cost components of the bulk steel drums market and bulk plastic drums?
  2. According to Beroe’s report, for steel drums, the cost components share is segregated as: Profit margin - 7 – 10% Labor - 9 – 10% Utility - 15 – 16% Fixed - 16 – 20% And, in the case of bulk plastic drums, the contribution is: Profit margin - 5 – 8% Labor - 5 – 7% Utility - 5 – 10% Fixed - 10 – 15%
  1. What percentage do raw materials contribute w.r.t costing in the case of steel drums and plastic drums?
  2. The contribution of raw materials in costing for steel drums is 60 – 65%, while in the case of plastic drums, it’s 75 – 80%.
  1. At what rate will the drum demand grow in the developing regions of APAC and LATAM, and why?
  2. As per Beroe’s analysis, drum demand in the developing regions of APAC and LATAM will grow at a rate of 6 – 7 percent and 5 – 6 percent by 2022. It’s primarily because of the growth in the end-use industries.
  1. Why are fiber drums more popular than plastic or steel drums?
  2. According to the fiber drums market trends report generated by Beroe, fiber drums are 10 – 15 percent lighter and 20 – 25 percent cheaper than plastic/steel drums and have better recycling options boosting their popularity. The same report also indicates that the market is matured and almost stagnant in the developed regions.
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