| Product Code: ETC6905706 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of steel drums and intermediate bulk containers (IBCs) to Cyprus in 2024 continued to be dominated by key exporting countries such as Greece, Italy, China, Oman, and the USA. Despite a challenging period with a negative CAGR of -1.5% from 2020 to 2024, there was a positive growth rate of 4.53% in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting that these top exporting countries hold significant market share in supplying steel drums and IBCs to Cyprus. This data underscores the importance of monitoring market dynamics and competitive landscapes in the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market - Industry Life Cycle |
3.4 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market - Porter's Five Forces |
3.5 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.6 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume Share, By Content, 2021 & 2031F |
3.7 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the chemical industry leading to increased demand for steel drums and IBCs |
4.2.2 Rise in the pharmaceutical sector requiring safe storage and transport solutions |
4.2.3 Emphasis on sustainability and recyclability driving the shift towards reusable packaging solutions |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Regulatory requirements and compliance standards impacting manufacturing processes |
4.3.3 Competition from alternative packaging solutions like plastic drums and flexitanks |
5 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Trends |
6 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market, By Types |
6.1 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market, By Capacity |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Capacity, 2021- 2031F |
6.1.3 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Drums, 2021- 2031F |
6.1.4 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By IBCs, 2021- 2031F |
6.2 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market, By Content |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2.3 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Solid, 2021- 2031F |
6.2.4 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Semi-Solid, 2021- 2031F |
6.3 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.3.3 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Petroleum and Lubricants, 2021- 2031F |
6.3.4 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Paints, 2021- 2031F |
6.3.5 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Inks and Dyes, 2021- 2031F |
6.3.6 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.3.7 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.3.8 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Others, 2021- 2031F |
6.3.9 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenues & Volume, By Others, 2021- 2031F |
7 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Import-Export Trade Statistics |
7.1 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Export to Major Countries |
7.2 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Imports from Major Countries |
8 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Key Performance Indicators |
8.1 Recycling rate of steel drums and IBCs in Cyprus |
8.2 Adoption rate of reusable packaging solutions in the market |
8.3 Percentage of chemical and pharmaceutical companies using steel drums and IBCs for storage and transport |
9 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market - Opportunity Assessment |
9.1 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.2 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Opportunity Assessment, By Content, 2021 & 2031F |
9.3 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market - Competitive Landscape |
10.1 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Steel Drums and Intermediate Bulk Container (IBC) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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