Sarasota, FL -- (SBWIRE) -- 12/11/2018 -- Global Industrial Drums Market: Overview

An industrial drum is basically a hollow and round holder used particularly for the delivery of mass freight. Industrial drums are usually made up of steel, thick paperboard (fiber drum), and even plastics. Mostly, these drums are utilized for shipping powders and fluids. Industrial drums are frequently utilized for transporting unsafe items. The global popularity of the industrial drums market can be attributed to the growing global trade.

Request Free Sample Report @ http://bit.ly/2RLSuIQ

Global Industrial Drums Market: Growth Factors

The major growth driver in the industrial drums market is the growing product demand among numerous end-user sectors, particularly by the manufacturers of materials chemicals and petroleum lubricants. Due to this, numerous key industrial packaging companies have either teamed up with local and international plastic packaging manufacturers. These players are mainly focusing on increasing their commodity range, to meet the high demands of several end-use industries. There are several infrastructure projects that are being initiated at the regional level for the incorporation of provincial infrastructure mainly in linking regions' financial system through shipping, energy, and telecommunication projects. The growing global trade is also contributing toward the expansion of industrial drums market on a global scale.

Global Industrial Drums Market: Segmentation

The industrial drums market has been classified based on product type, capacity, and end-user. By product type, the industrial drums market includes fiber drum, plastic drum, and steel drum. The plastic drums segment are likely to emerge as the most used industrial drums type in the upcoming years, due to their cost-effectiveness. By capacity, this global market includes more than 500 liters, between 250 and 500 liters, between 100 and 250 liters, and less than 100 liters. The end-user segment of the market for industrial drums comprises paints, inks, and dyes, building and construction, petroleum and lubricants, pharmaceuticals, chemicals and fertilizers, food and beverages, and others. The chemical and fertilizers segment is projected to emerge as the major end-user of this market and accounts for a major market share during the forecast timeframe. This is due to the increasing demand for fertilizers and chemicals from several vertical sectors.

Download Free PDF Report Brochure @ http://bit.ly/2RO2tNV

Global Industrial Drums Market: Regional Analysis

By region, the global industrial drums market is divided into Latin America, Asia Pacific, North America, the Middle East and Africa, and Europe. The Asia Pacific region is likely to witness a substantial growth rate in the industrial drums market, particularly for exporting wines and vegetable oil. Several oil exporters in the Southeast Asian region, which includes Malaysia and Indonesia, are likely to prefer industrial drums as compared to other bulk packaging products. Industrial drums are expected to offer high operational effectiveness and efficiency in shipping major bulk products' quantities in liquid form. The industrial drums market is expected to emerge as an economical transport packaging solution for delivery of other different non-hazardous components, such as fruit juices, wines, etc. The North American industrial drums market is likely to hold a major share in the forecast time period, owing to the growing chemical and fertilizers' demand by various vertical industries.

Global Industrial Drums Market: Competitive Players

Some of the most significant market players in the global industrial drums market are Sicagen India, Greif, Time Technoplast, Balmer Lawrie & Co., Mauser Group, Schutz Container Systems, TPL Plastech, Industrial Container Services, U.S. COEXCELL, and Eagle Manufacturing Company, among others.

To view TOC of this report is available upon request @ http://bit.ly/2RNDgmz

Global Industrial Drums Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

Inquire more about this report @ http://bit.ly/2RHXtKE

What Reports Provides

Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.

About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.