Due to the growing market for transportation & logistics, the nestable drums market is predicted to grow at a CAGR of 7% over the course of the forecast period, reaching a market share of US$ 23.61 billion in 2032 from US$ 12 billion in 2022.
Nestable barrels are in high demand because they save space by requiring less empty packing to be stored and shipped. Nestable drums ensure both food safety and migration law, which is boosting the market share of nestable drums.
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Several capacities are offered for nestable drums to meet market needs. Because they are convenient to handle, recyclable, sustainable, and stackable, nestable barrels have an edge in the market.
Manufacturers frequently carry hazardous substances in nestable drums because they are simple to move from one location to another. Yet, because they are surrounded by tamper-evident features, nestable drums are utilised in a range of end-use industries, which increases their sales.
Owing to its many uses, nestable drums are in great demand since they are utilised in a range of end-use industries, including the chemical, food and beverage, and petroleum industries, to mention a few. The global outlook for the market for nestable drums is anticipated to be favourable during the projected period.
What is the Competitive Outlook of the Nestable Drums Market?
Greif Inc, Time Technoplast Ltd, Snyder Industries, Inc, CurTec, Greystone Logistics, Inc, Drums Food International Pvt Ltd, Bewi Norplasta, and Drum Workshop Inc are some major key players in the nestable drums market which are taking advantage of every opportunity available in the nestable drums market.
The study delves into parent market trends, macroeconomic data, and governing factors, as well as market potential and the attractiveness of the nestable drums market by segment. The study also maps the qualitative impact of major market parameters on market segments and geographies, as well as their corresponding effects on the sales of nestable drums.
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Key Segments
By Capacity:
- 7- 13 Gallon
- 13-19 Gallon
- 19- 40 Gallon
- Above 40 Gallon
By End Use:
- Pharmaceuticals
- Chemicals
- Food & Beverages
- Petroleum
- Others
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By Region:
- North America
- Latin America
- Asia Pacific
- Middle East, and Africa
- Europe
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