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.
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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.
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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