Industrial Drums Market to Register Growth with Surged Adoption in Chemical and Petroleum Verticals

Published on : Jul 31, 2018

Albany, New York, July 31, 2018: To streamline transportation and storage of various industrial components such as petroleum lubricants and chemicals, industries are increasingly adopting advanced packaging solutions such as industrial drums, facilitating significant growth in industrial drums market. In its recent report addition titled, 'Industrial Drums Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027)', Market Research Hub (MRH) delves deep into the implications of ongoing developments on the growth of industrial drums market.

Design Innovations Pave the Growth Trajectory for Industrial Drums Market

Manufacturers in industrial drums market are eying on innovative designs that portray functional relevance to suit emerging end-user demands. Developing economies offer new growth opportunities in industrial drums market, resonating with transitioned preferences for cost effective and sustainable packaging solutions.

As a significant development in industrial drums market, Indian origin industrial drums manufacturer, Time Technoplast has recently affirmed about its facility expansion plans in UAE. To suffice increased demands from petroleum and chemical verticals, Technoplast has made significant investments to establish new facility, aiming to spearhead production of tight head steel drums as well as open head steel drums. This facility addition will enhance the company’s production capabilities to target accurate market demands thereby positioning itself favorably on the growth chart of industrial drums market.

Fertilizers Segments to Augment Growth in Industrial Drums Market

Significant research outputs collated in the report allow readers to gain primary insights about various market segments prevalent in industrial drums market. This section of the report enlist type, capacity, and end-use as major segments prevailing in industrial drums market. Based on type, industrial drums market is classified as steel, plastic, and fiber drum. On the basis of capacity industrial drums market is fragmented as up-to 100L, 100-250L, 250-500L, and above 500L. Industrial drums market is classified as food and beverage, chemicals, petroleum, construction, paints, and others as chief segments based on end use.

Besides the aforementioned market segmentation, industrial drums market is further classified on regional distribution. On the basis of regions, industrial drums market is split as Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. Based on these research findings, market players can gain cues on various marketing tactics and tools employed by core market players in various regions of industrial drums market. Additionally, readers can gain vital data about end-user response to these marketing strategies.

Key Players in Folding IBCs Market

On the basis of elaborate research findings, readers can gain pertinent information about the impact of marketing tactics on end-user response. New and existing market players in industrial drums market can render deep analytical study of these business strategies to procure key perspectives, based on which market players can deliver precise investment decisions that incur sustenance and accelerate revenues in industrial drums market.

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