| Product Code: ETC352344 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India warehouse drums and barrels market showed significant growth with a high CAGR from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024. Despite this dip, the market maintained an overall upward momentum, indicating expansion with some fluctuations.
India warehouse drums and barrels market size was valued at USD 61.10 million in 2018, and is projected to reach USD 81.8 million, growing at a CAGR of 7% during the forecast period. The growth of this market can be attributed to increased demand for chemical products, increasing industrialization in various countries such as India & China, rise in production capacities of chemical manufacturing companies owing to increased investments in infrastructure projects. Moreover, government initiatives regarding industrial development have also driven the growth of this sector over recent years.
The India warehouse drums and barrels market is witnessing growth driven by several key factors. One of the primary drivers is the expansion of the logistics and storage industry in the country. With the rapid growth of e-commerce and the increasing need for efficient storage and transportation of goods, the demand for warehouse drums and barrels has surged. Additionally, the rising awareness of the importance of safe and secure packaging for various products has further contributed to the market`s growth. Warehouse drums and barrels offer reliable and durable packaging solutions, ensuring the protection of goods during handling and transit. Moreover, the growth of the food and beverage industry in India has also boosted the demand for warehouse drums and barrels. These containers are widely used for storing and transporting bulk quantities of food products, beverages, and ingredients, ensuring their quality and safety. Furthermore, the agricultural sector has witnessed a significant increase in demand for warehouse drums and barrels. These containers are utilized for storing and transporting fertilizers, pesticides, and other agricultural inputs, contributing to efficient agricultural practices. The government`s focus on promoting sustainable packaging and reducing plastic waste has also been a driver for the warehouse drums and barrels market. As businesses and industries strive to adopt eco-friendly packaging solutions, the demand for reusable and recyclable drums and barrels has risen.
The India warehouse drums and barrels market faces challenges related to material sustainability and recycling. While drums and barrels are often reusable, their disposal and recycling after use can be a concern, especially if improper waste management practices are followed. Furthermore, logistics and transportation costs can impact the pricing of warehouse drums and barrels, making it essential for manufacturers to optimize their supply chain to remain competitive in the market.
The COVID-19 pandemic has had a significant impact on the India warehouse drums and barrels market. With increased e-commerce and home delivery services during the pandemic, the demand for packaging materials, including drums and barrels, has surged. Furthermore, the supply chain disruptions during the pandemic may have affected the availability and pricing of raw materials used in the manufacturing of warehouse drums and barrels.
In the India warehouse drums and barrels market, key players include Balmer Lawrie & Co. Ltd., Time Technoplast Ltd., Mauser Packaging Solutions, Greif Inc., and Balmerol Lubricants Pvt. Ltd. These companies manufacture and supply a wide range of drums and barrels for packaging and storage purposes, catering to various industries such as chemicals, pharmaceuticals, and food and beverages.
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 India Warehouse Drums And Barrels Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Warehouse Drums And Barrels Market Revenues & Volume, 2021 & 2031F |
3.3 India Warehouse Drums And Barrels Market - Industry Life Cycle |
3.4 India Warehouse Drums And Barrels Market - Porter's Five Forces |
3.5 India Warehouse Drums And Barrels Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Warehouse Drums And Barrels Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 India Warehouse Drums And Barrels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for safe and efficient storage solutions in warehouses |
4.2.2 Growth of the e-commerce industry leading to higher warehousing needs |
4.2.3 Government initiatives promoting industrial growth and storage infrastructure development |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of standardized regulations and quality control measures affecting market growth |
4.3.3 Competition from alternative storage solutions like plastic containers |
5 India Warehouse Drums And Barrels Market Trends |
6 India Warehouse Drums And Barrels Market, By Types |
6.1 India Warehouse Drums And Barrels Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Warehouse Drums And Barrels Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Warehouse Drums And Barrels Market Revenues & Volume, By Steel Drums & Barrels, 2021-2031F |
6.1.4 India Warehouse Drums And Barrels Market Revenues & Volume, By Fiber Drums & Barrels, 2021-2031F |
6.1.5 India Warehouse Drums And Barrels Market Revenues & Volume, By Plastic Drums & Barrels, 2021-2031F |
6.1.6 India Warehouse Drums And Barrels Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Warehouse Drums And Barrels Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 India Warehouse Drums And Barrels Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.3 India Warehouse Drums And Barrels Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.4 India Warehouse Drums And Barrels Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.5 India Warehouse Drums And Barrels Market Revenues & Volume, By Others, 2021-2031F |
7 India Warehouse Drums And Barrels Market Import-Export Trade Statistics |
7.1 India Warehouse Drums And Barrels Market Export to Major Countries |
7.2 India Warehouse Drums And Barrels Market Imports from Major Countries |
8 India Warehouse Drums And Barrels Market Key Performance Indicators |
8.1 Average utilization rate of warehouse drums and barrels in India |
8.2 Number of new warehouse construction projects using drums and barrels |
8.3 Percentage of warehouses adopting advanced drum and barrel handling technologies |
9 India Warehouse Drums And Barrels Market - Opportunity Assessment |
9.1 India Warehouse Drums And Barrels Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Warehouse Drums And Barrels Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 India Warehouse Drums And Barrels Market - Competitive Landscape |
10.1 India Warehouse Drums And Barrels Market Revenue Share, By Companies, 2024 |
10.2 India Warehouse Drums And Barrels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |