Scarifier Drums Market Size, Share, Growth, And Industry Analysis By Type (Six Tooth, 18 Tooth, Others, Scarifier Drums) By Application (Traffic, Agriculture, Others), Regional Forecast To 2031

Updated On: 29 April 2024

Scarifier Drums Market Report Overview

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The global Scarifier Drums market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

Industrial drums have many uses in the storage and delivery of materials for the delivery of mass freight and provide advantageous characteristics like improved operational efficiency and economical transport packaging options for the shipment of both dangerous and non-dangerous materials like chemicals, fruit juices and wines.

One of the main factors propelling the growth of the industrial drums market during the forecast period is the excellent features provided by these containers, such as higher operational efficiency and effectiveness in shipping bulk quantities of goods in liquid form, their extensive use for the packaging of chemicals and fertilisers, petroleum and lubricants, among other products, and the expanding cross-continent trade across end-user industries.

COVID-19 Impact: COVID-19 Pandemic Impedes The Market Growth Globally

The market as a whole has been hit by COVID-19, and the growth rate for 2019–2020 has also been impacted as the influence of COVID-19 spreads. The COVID-19 crisis is forcing businesses and organisations to manage risk and digitise operations in order to provide reliable information and experiences to the decision-makers. This is according to our most recent research, perspectives, and insights on the management issues that matter most to businesses and organisations about the market. The entire world is suffering due to the coronavirus outbreak. Almost all nations have implemented strong social segregation policies, including lockdowns. Supply networks have been disrupted as a result. The epidemic has altered global social structures. The COVID-19 pandemic caused a significant decrease in the demand for petroleum products, which hurt the warehouse drum and barrel market. The logistics and transportation sector was also only partially active. But, by the end of 2021, the market had rebounded.

Latest Trends

"Market Will Be Driven By Rising Demand From The Chemical, Fertiliser, And Petroleum Lubricant Industries"

Hazardous and non-hazardous goods are commonly transported and stored in industrial barrels. The industries that utilise chemicals, fertiliser, oil, and petroleum the most are those that employ industrial drums. The ongoing rise of these industries, together with increasing global trade activities over the past 10 years, is one of the reasons boosting the industrial drum market.

Scarifier Drums Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Six Tooth, 18 Tooth, Others, Scarifier Drums. Six Tooth is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Traffic, Agriculture, Others. Traffic will be the dominating segment.

Driving Factors

"Sector For Steel Drums Is Expected To Retain Significant Market Share Increase In The Demand For Chemicals"

The primary packaging choice for transporting and storing hazardous or dangerous commodities is steel drums. Also, according to the U.S. Department of Transportation, steel drums are the safest shipping containers (insurance rates for steel drum shipments are the lowest). The demand for industrial steel drums is anticipated to be driven by the increase in chemical and petroleum lubricant demand from a variety of end-user sectors as well as a considerable focus on enhancing supply chain capabilities. With a production of 9.8 MT as of October 2021, India was the second-largest producer of crude steel worldwide. The Ministry of Steel received USD 6.2 million from the government as part of the Union Budget 2022–2023 plan. As a result, it is anticipated that the market for industrial steel drums would be shaped by the rising need for crude steel.

Steel drums are utilised as packaging options for storing and transporting hazardous or dangerous materials in the chemical industry. The most secure shipping containers are steel drums. Owing to this, the chemical industry dominates the market for steel drums used for safe packaging solutions and is predicted to propel the market's expansion.

"Wide Applications In Industry Fuel The Market Growth"

Safe packaging options are required by the expanding petrochemical sector to safeguard its goods. The need is also anticipated to be driven by the expanding production of paints, dyes, and inks in new countries as well as the growing requirement for a secure supply chain and product transportation. The market for industrial drums is anticipated to see considerable development potential due to increased investment in expanding manufacturing machinery.

Restraining Factors

"Fluctuating Prices Hinder the Market Growth"

The market share growth of storage drums and barrels is being constrained by variable prices for the raw materials needed to manufacture them. A significant aspect that is anticipated to impede the expansion of the global market for steel drums is the accessibility of alternatives, such as plastic drums and containers because of their insulating and lightweight qualities. Fibre drums, which are another popular alternative since they are lighter and simpler to handle, have also slowed the market's expansion to some extent.

Scarifier Drums Market Regional Insights

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"Asia Pacific Likely To See A High Growth Rate "

Industrial drum usage is anticipated to rise in the Asia-Pacific region due to the industry's rapid development and the manufacturing sector's continued expansion into developing nations like China, India, and Indonesia. In the manufacture of fibre drums, China has had encouraging development. It has a commanding lead over nations like Malaysia and Singapore in terms of value. The growing need for sophisticated packaging options for goods by both small- and big-name businesses has resulted in fibre drums of higher quality. The expanding retail industry and the rising inclination for lightweight bulk containers like recyclable fibre drums are a few of the major factors influencing the market for fibre drums. The fact that fibre drums are recyclable is their key benefit. As a result, the Asia Pacific area is predicted to have a bright outlook for the market for fibre drums.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• AIRTEC AG (Switzerland)
• Blastrac (U.S.)
• CS Unitec (U.S.)
• EDCO (U.S.)
• Henan Daynn Road Machinery (China)
• Honway (U.K.)
• KutRite (U.S.)
• MK Diamond (U.S.)
• Omahawk Power (U.S.)
• SMITH (U.S.)
• Trelawny SPT (U.K.)
• Virginia Abrasives (U.S.)
• Keystone (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.