With the increasing requirement of
speedy yet safe delivery of products in bulk, the global barrels market
is reporting high growth in terms of value and volume. Barrels
are extensively utilized across a number of industries, such as the
food and beverage, chemicals and petroleum, and the pharmaceuticals
sectors. According to researchers, the market is witnessing an
augmenting demand from all of these sectors.
Especially, the chemicals and petroleum
industry is reporting a significantly higher demand for barrels across
the world. Since chemicals are extremely sensitive to external
conditions, including, pressure, temperature, and moisture, ensuring
effective packaging is must for their safe transportation. As warehouse
barrels offer outstanding insulating effect, they have emerged as ideal
products for the packaging of chemicals. Apart from this, the growing
uptake of shale gas as feedstock in the manufacturing of various
chemicals, owing to the cost benefit it offer, is also reflecting
positively on the demand for barrels.
The swiftly expanding chemicals and
petroleum industry has a wide set of requirements for the packaging and
transportation of products to the point of sale and end-use markets,
which is likely to stimulate the adoption of barrels, influencing the
overall market in the years to come.
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Packaging is an indispensable part of
any product’s lifecycle and it prevents the product from any kind of
damage such as defilement, leakage and others during its transportation,
utilization and storage. Rigid bulk packaging is one type of packaging
which is used for packaging goods such as chemicals, food & beverage
products and pharmaceutical items. Barrel is the oldest form of
packaging and along with drum is classified under the rigid bulk
packaging. Barrels are primarily used in chemicals and petroleum
industry, food, and pharmaceuticals industry.
They exhibit excellent insulating
properties which makes them ideal for storing chemicals. They are also
used for protection and transportation of products. Chemical and
petroleum is the largest market utilizing barrels for storage purposes.
Barrel demand has been on a rising spree post the economic slowdown in
2008. Moreover, the availability of barrels in variable shape, and sizes
makes them suitable for a wide range of industrial packaging purposes.
The barrels market is anticipated to experience strong growth over the
forecast period.
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