A rise in demand for chemicals &
petroleum lubricants from varied end-use industries with a mounting
focus on strengthening the supply chain capability is expected to drive
the need for industrial metal drums. Metal drums
are anticipated to be the most common form of liquid, semi-liquids
(solvents) and powder packaging. Manufacturers across the globe are
siting increase in demand for cost-economical yet exceedingly efficient
solutions to overcome the bulk packaging challenges. Hence, several
industrial rigid packaging companies concentrate on expanding their
product range to cater budding demands from numerous end-use industries.
Metal drums market: Dynamics
Developing economies such as India &
China are likely to witness very minimal sign of economic slow-down
compared to Western economies. Booming economy owing to growth in the
industrial sector, in this APAC region is projected to channelize the
warehousing as well as logistics sector thereby generating the demand of
rigid heavy duty metal drums.
Key developments & Trends
The established market players that
currently operate in the industrial packaging market are out to acquire
or collaborate with local/regional players in order to expand its market
presence and gain significant market share.
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For instance:
- In March 2018, MAUSER USA, LLC acquired manufacturing facilities of Atlanta based MaschioPack North America LLC. This acquisition offers MAUSER an opportunity to expand its footprint in North America, with supply of additional manufacturing backing for its reconditioning affiliate, National Container Group (NCG).
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