"Steel Drums and Intermediate Bulk Container (IBC) Market Size And Forecast by 2031

Data Bridge Market Research analyses that the Global Steel Drums and Intermediate Bulk Container (IBC) Market which was USD 15.34 Billion in 2023 is expected to reach USD 21.74 Billion by 2031 and is expected to undergo a CAGR of 4.45% during the forecast period of 2023 to 2031

Steel Drums and Intermediate Bulk Container (IBC) Market research report provides a comprehensive analysis of the market. The report aims to provide insights into Steel Drums and Intermediate Bulk Container (IBC) Market trends, growth opportunities, key drivers and challenges, competitive landscape, and other crucial factors that may impact the market in the forecast period (2024-2031).

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 Which are the top companies operating in the Steel Drums and Intermediate Bulk Container (IBC) Market?

The study report on the Global Steel Drums and Intermediate Bulk Container (IBC) Market offers a comprehensive analysis of the industry, highlighting key trends, market dynamics, and competitive landscape. It profiles prominent organizations operating in the market, examining their successful strategies and market share contributions. This Steel Drums and Intermediate Bulk Container (IBC) Market report provides the information of the Top 10 Companies in Steel Drums and Intermediate Bulk Container (IBC) Market in the market their business strategy, financial situation etc.

**Segments**

- **Product Type**: The global steel drums and intermediate bulk container (IBC) market can be segmented based on product type into steel drums and IBCs. Steel drums are widely used for the storage and transportation of liquids, chemicals, and other materials. On the other hand, IBCs are large containers that can hold significantly more volume compared to traditional drums, making them ideal for bulk shipments.

- **Material Type**: Another key segmentation of the market is based on material type, where steel drums and IBCs can be further categorized into stainless steel, carbon steel, and others. Stainless steel containers are preferred for applications requiring high corrosion resistance, while carbon steel drums are more cost-effective but may be prone to rusting over time.

- **End-Use Industry**: The market can also be segmented by end-use industry, with key sectors including chemicals, food and beverages, pharmaceuticals, and others. Steel drums and IBCs are essential packaging solutions for these industries to ensure safe storage and transportation of their products.

**Market Players**

- **Greif, Inc.**: A leading player in the global steel drums and IBC market, Greif offers a wide range of packaging solutions for various industries. The company focuses on innovation and sustainability to meet the evolving needs of its customers.

- **Mauser Group**: Mauser Group is another prominent player known for its high-quality steel drums and IBCs. The company emphasizes product reliability and efficiency to provide packaging solutions that meet industry standards.

- **Schutz GmbH & Co. KGaA**: Schutz is a key player in the IBC segment, offering a diverse portfolio of intermediate bulk containers for different applications. The company's focus on research and development drives its continuous product improvements.

- **Time Technoplast Ltd.**: Time Technoplast is a global provider of packaging solutions, including steel drums and IBCs, catering to a wide range of industries. The company's commitment to quality and safety has established itsThe global steel drums and intermediate bulk container (IBC) market is witnessing significant growth and transformation driven by various factors such as increasing demand for efficient storage and transportation solutions across industries. The segmentation of the market based on product type, material type, and end-use industry provides a comprehensive understanding of the diverse applications and preferences within the market. Steel drums have been a longstanding choice for many industries due to their durability and versatility in handling liquids, chemicals, and other materials. On the other hand, IBCs offer higher volume capacity and are favored for bulk shipments, contributing to their growing popularity in the market.

The material type segmentation of stainless steel, carbon steel, and others reflects the importance of material selection in meeting specific industry requirements. Stainless steel containers are in high demand for applications that require superior corrosion resistance, ensuring product integrity during storage and transportation. On the other hand, carbon steel drums are valued for their cost-effectiveness, though they may require additional maintenance to prevent rusting over time. Understanding the material preferences of different industries is crucial for market players to align their product offerings with customer needs effectively.

The end-use industry segmentation highlights the diverse applications of steel drums and IBCs across sectors such as chemicals, food and beverages, pharmaceuticals, and others. These industries rely on robust packaging solutions to ensure product safety, compliance with regulations, and efficient logistics operations. As the demand for packaged goods continues to rise globally, the market players specializing in steel drums and IBCs play a crucial role in providing innovative solutions that meet industry standards and exceed customer expectations.

Market players such as Greif, Inc., Mauser Group, Schutz GmbH & Co. KGaA, and Time Technoplast Ltd. have secured prominent positions in the global steel drums and IBC market through their commitment to quality, innovation, and customer-centric approaches. These companies leverage their expertise in packaging solutions to address the evolving needs of industries and adapt to changing market trends. By investing in research and development, sustainability initiatives, and operational**Market Players:**

- Greif (U.S.)
- TPL Plastech Ltd. (India)
- Balmer Lawrie & Co. Ltd (India)
- Time Technoplast Ltd (India)
- Sicagen (India)
- BWAY Corporation (U.S.)
- Schütz GmbH & Co. KGaA. (Germany)
- Eagle Manufacturing Company (U.S.)
- 3M (U.S)
- Orora Packaging Australia Pty Ltd(Australia)
- Chicago Steel Container Corporation(U.S.)
- U.S. COEXCELL Inc (U.S.)
- North Coast Container (U.S.)
- Rahway Steel Drum Company (U.S.)
- General Steel Drum LLC (U.S)

The global steel drums and intermediate bulk container (IBC) market is experiencing a significant transformation driven by the increasing demand for efficient storage and transportation solutions across various industries. The segmentation of the market based on product type, material type, and end-use industry provides valuable insights into the market dynamics and preferences. Steel drums have been a preferred choice for many industries due to their durability and versatility in handling liquids, chemicals, and other materials. Conversely, IBCs are gaining popularity for bulk shipments due to their larger volume capacity.

The material type segmentation into stainless steel, carbon steel, and others reflects the importance of material selection in meeting specific industry requirements. Stainless steel containers are in high demand for applications requiring corrosion resistance, ensuring product integrity during storage and transportation. In contrast, carbon steel drums

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Regional Analysis For Steel Drums and Intermediate Bulk Container (IBC) Market

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Why B2B Companies Worldwide Rely on us to Grow and Sustain Revenues:

• Get a clear understanding of the Steel Drums and Intermediate Bulk Container (IBC) Market, how it operates, and the various stages of the value chain.
• Understand the current market situation and future growth potential of the Steel Drums and Intermediate Bulk Container (IBC) Market throughout the forecast period.
• Strategize marketing, market-entry, market expansion, and other business plans by understanding factors influencing growth in the market and purchase decisions of buyers.
• Understand your competitors’ business structures, strategies, and prospects, and respond accordingly.
• Make more informed business decisions with the help of insightful primary and secondary research sources.

This report provides Global Steel Drums and Intermediate Bulk Container (IBC) Market :

1. An in-depth overview of the global market for
2. Steel Drums and Intermediate Bulk Container (IBC) Market Assessment of the global industry trends, historical data from 2015, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
3. Discoveries of new market prospects and targeted marketing methodologies for Global Steel Drums and Intermediate Bulk Container (IBC) Market
4. Discussion of R&D, and the demand for new products launches and applications.
5. Wide-ranging company profiles of leading participants in the industry.
6. The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
7. The growth in patient epidemiology and market revenue for the market globally and across the key players and Steel Drums and Intermediate Bulk Container (IBC) Market segments.
8. Study the market in terms of generic and premium product revenue.
9. Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.

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