Metal Drums Market Intelligence

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  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Metal Drums category?

Are you looking for answers on Metal Drums category?

  • What are the key trends in Metal Drums category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Metal Drums industry?
  • How is Metal Drums industry performing?

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Report Coverage

  • Market Analysis
  • Trade Outlook of Metal Drums
  • Industry Analysis
  • Key Trends for Metal Drums

Production Size

Global Production Size/ Capacity

$7.8 billion by 2024

North America

27%

EMEA

29%

APAC

38%

Table of Contents

  1. Executive Summary
  2. Global Metal Drums Market Outlook
  3. Regional Metal Drums Market Outlook
  4. Major Trends and Innovations
  5. Category Summary – Impact of COVID-19
  1. Market Analysis
  2. Global Metal Drums Market Outlook
  3. Regional Metal Drums Market Outlook
  4. Trade Outlook of Metal Drums
  1. Industry Analysis
  2. Porter’s Analysis
  3. Key Trends for Metal Drums
  4. Recent Innovations for Metal Drums
  1. Sustainable Initiatives
  2. Avenues for 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 Metal Drums
  3. Recycling and Reconditioning

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Metal Drums Global Market Outlook:

Expected to reach a value of $7.8 billion by 2024

Industry Best Practices

Sourcing Strategy
• Regional sourcing is preferred, due to low transportation cost and lead times
• Engaging with global suppliers having regional presence is more beneficial

Porter's Analysis on Metal Drums 

Supplier Power

  • The EU is the second largest producer of steel in the world after China, which results in low raw material prices, due to huge availability of raw material
  •  Suppliers power is medium to high, as steel drums have a moderate share of end use in overall steel end-use demand
  • Export of steel drums in China and refurbished drums demand is high

Barriers to New Entrants

  • The high cost of capital and consolidated supply base make the market unattractive for new drum manufacturers to enter
  • The introduction of a new product or innovative technology, in terms of product handling or product recycling, can help a new entrant to disturb the current market scenario

Intensity of Rivalry

  • All the major metal drum manufacturers are involved in acquisitions, thereby creating intensive competition among suppliers

Threat of Substitutes

  • In the chemical industry, RIBCs are preferred over plastic and metal drums in certain large scale applications. RIBCs have bigger capacity and greater storage efficiency
  • The demand for reconditioned drums is on the rise, due to its low cost and environmental footprint, which can lead to reduced production of new drums

Buyer Power

  • The market is consolidated by 3–4 major suppliers, resulting in a low buyer power
  • The standardized nature of the product leads to lower switching costs. Similarly, the availability of substitutes (IBCs) also brings a balance of power between drum suppliers and buyers

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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Complimentary 12-month access to Beroe LiVE

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