beroe-ai

Metal Drums
Market, Supplier, Risk and
Competitive Intelligence

best-value

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

feature

 No Additional Benefits

Not ready yet? Schedule your free Demo

Subscription Benefits:

  • PRO access to Beroe LiVE.Ai™
  • Category Report with unlimited updates
  • Supplier Watchlist for 3 suppliers
  • Supplier Shortlisting Tool

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

feature

Manage Metal Drums Category with Ai powered
Procurement Productivity Suite

meet-abi-1

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

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Metal 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

meet-abi-1

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

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Metal 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

Get Beroe LiVE.Ai™ subscription for your team

17k + companies trust Beroe for their supply market intelligence needs

Check out what’s included in market information for Metal Drums on Beroe LiVE.Ai™

Learn More about Beroe LiVE.Ai™

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

Want a more detailed personalised report?

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 AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

feature

Complimentary 12-month access to Beroe LiVE

Any more questions?

Get in touch with us quickly and easily.

x

Join us on Oct 6 for a webinar on Managing Inflation and Supply Shortages