The reconditioned steel drum market is poised to exceed US$3.1 billion by 2034, with an estimated 4.5% CAGR until then and a market size of US$2.0 billion in 2024. The burgeoning eCommerce industry is a key driver, as the demand for customized reconditioned steel drums for online retail packaging escalates. Meeting the requirements of efficient handling, stacking, and secure transit in online distribution operations is imperative, presenting an opportunity for manufacturers to position their products as eCommerce-friendly solutions.
Furthermore, the industry is witnessing a shift towards lightweight materials, aligning with the goals of reducing transportation costs and enhancing logistical efficiency. Reconditioned steel drums made from such materials maintain strength while curbing shipping expenses, contributing to operational efficiency and environmentally conscious supply chain practices.
Unlock Vendor Offerings with a Free Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7829
The dynamics of the reconditioned steel drums market indicate a positive shift towards sustainability and eco-friendly practices in the industrial packaging sector. Companies are increasingly recognizing the value of reconditioning and reusing steel drums to minimize waste generation and adhere to environmental regulations.
Key Takeaways:
- Environmental concerns and regulations are driving the growth of the reconditioned steel drums market.
- Reconditioning services involve a thorough process of cleaning and purifying steel drums for safe reuse.
- Reconditioning steel drums is considered more environmentally beneficial than scrapping them.
- The inclination towards reconditioned packaging services has led to a significant decline in steel drum scrapping, reducing packaging waste and disposal
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.
Take Your Business Further – Request Custom Insights @ https://www.futuremarketinsights.com/customization-available/rep-gb-7829
Global Reconditioned Steel Drums Market: Segmentation
The global reconditioned steel drums market can be segmented on the basis of material, size/capacity, closure, preferred distribution network and the end use D
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
- 40-55 Gallons
- Reconditioned steel drums with Capacity of 55 Gallons and above
Gain Expert Guidance – Contact Our Analyst Today @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-7829
The global reconditioned steel drums market can be segmented on the basis of end use industry served into:
- Food & Beverages
- Pharmaceuticals & Healthcare
- Building and Construction
- Oils & Lubricants
- Chemicals and solvents
- Paints & Dyes
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs
