Reconditioned Steel Drums Market | One of the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2028
Press Release from Future Market Insights
Mounting environmental concerns over recycling / safe disposal of packaging containers have headed to the emergence of new regulations / policies, thus mandating companies to recover their packaging products. However, re-use of this containers especially steel drums with the previous residues may lead to cross contamination. This has led key bulk industrial packaging manufacturers to provide reconditioning services.
As per the Reusable Industrial Packaging Association (RIPA), a U.S.-based trade association which includes businesses such as manufacture, recondition and/or distribution of industrial containers, there was a steep decline of approximately 45% in scrapping of steel drums in United States in the year 2013.
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Key players covered in the report include:
- Greif, Inc.
- Mauser Group B.V.
- The Cary Company
- Rahway Steel Drum Co Inc.
- Mitchell Container Services, Inc
- Chicago Steel Container Corp.
- General Steel Drum LLC
- Schutz Container Systems, Inc.
- North Coast Container Corp.
- Metal Drum Co Ltd/The
- Industrial Container Services, Inc.
COVID-19 Impact Analysis on Reconditioned Steel Drums Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Reconditioned Steel Drums market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Reconditioned Steel Drums market have put their production on a halt.
The global reconditioned steel drums market can be segmented on the basis of material type into:
- Stainless Steel Drums
- Cold rolled Steel Drums
- Carbon Steel Drums
The global reconditioned steel drums market can be segmented on the basis of head type into:
- Tight Head (closed top) Reconditioned Steel Drums
- Open Head (removable top) Reconditioned Steel Drums
The global reconditioned steel drums market can be segmented on the basis of size/capacity into:
- Reconditioned steel drums with Capacity Up to 10 Gallons
- 10- 25 Gallons
- 25- 40 Gallons
Global Reconditioned Steel Drums Market: Regional Outlook
The global reconditioned steel drums market is segmented into seven regions, namely, Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ), and Japan.
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Important Questions Answered in the Reconditioned Steel Drums Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Reconditioned Steel Drums market been expanding during the forecast period?
- How will the global Reconditioned Steel Drums market look like by the end of the forecast period?
- What innovative strategies are adopted by Reconditioned Steel Drums market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Reconditioned Steel Drums market?
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