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    Metal Cans Barrels Drums And Pails Market Report

    Metal Cans Barrels Drums And Pails Market Report
    Report code - SR1238 Delivery - 2 Weeks
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    Metal Cans, Barrels, Drums and Pails Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Metal Cans Barrels Drums And Pails Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Metal Cans Barrels Drums And Pails Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Metal Cans, Barrels, Drums, and Pails Market is estimated to grow from USD 69.5 billion in 2020 to USD 85.2 billion by 2026 at a healthy CAGR of 3.5% during the forecast period.

    Figure: Metal Cans, Barrels, Drums and Pails Market Size, 2020-2026 (USD Billion)

    Metal-Cans-Barrels-Drums-and-Pails-Market-Forecast

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    What are metal cans, barrels, drums, and pails?

    Metal cans, barrels, drums, and pails are containers that are used for the distribution or storage of goods, which are primarily made of thin metal. Many cans require opening by cutting the ‘end’ open, whereas others have removable covers. Cans can hold diverse contents such as food items or beverages or chemicals.

    Key Players

    Key players operating in the metal cans, barrels, drums, and pails market are-

    • ArcelorMittal (Luxembourg)
    • Ardagh Group (Ireland)
    • Ball Corporation (US)
    • BWAY Corporation
    • Can-Pack S. A. (Poland)
    • CCL Industries (Canada)
    • Cleveland Steel Container Corporation
    • CPMC Holdings (China)
    • Crown Holdings (US)
    • Daiwa Can Company (Japan).

    Market Dynamics

    Increasing demand for storage of food items and beverages to improve the shelf life and to ease the packaging and shipping is a key factor augmenting the demand for metal cans and barrels. Moreover, these metal cans can easily be transported without any spillage or leakage, thus resulting in less loss of food items. In addition, storage of various chemicals in the chemical industry to prevent contact with oxygen or to prevent spillage or corrosion further augments the market growth during the review period.

    Segment's Analysis

    Application Trends

    Based on application, the metal cans, barrels, drums, and pails market is classified into food and beverages, chemicals, others. The chemicals segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to the increasing production of liquid chemicals which requires efficient storage and transportation to avoid spillage. Also, metal barrels and drums offer high strength, protection, zero contact with the outside environment, which further bolsters the segment growth. 

    Regional Trends

    By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to strong growth, increasing population, and rising urbanization, which has spawned a rise in the demand for tinned and canned food items and canned beverages. Also, the presence of strong chemical industries in China, India, and Japan, further proliferates the regional market growth.

    COVID-19 Impact on Metal Cans, Barrels, Drums, and Pails Market

    The COVID-19 outbreak has moderately affected the metal cans, barrels, drums, and pails industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. The pandemic resulted in a rise in the sales of metal cans, barrels, drums, and pails due to an increase in the tinned and canned food items and beverages amid the pandemic. However, the chemical industry witnessed a brunt of the pandemic with limited operations, which affected the product demand in this sector.

    Critical Questions Answered in the Report

    • What are the key trends in the metal cans, barrels, drums, and pails market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on metal cans, barrels, drums, and pails?
    • What are the key strategies adopted by the major vendors to lead in the metal cans, barrels, drums, and pails market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the metal cans, barrels, drums and pails market hopes to have the greatest opportunity to convert-

    • Metal cans, barrels, drums and pails vendors
    • Metal cans, barrels, drums and pails retailers
    • Food & beverage companies
    • Chemical companies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The metal cans, barrels, drums and pails market size is expected to reach USD 85.2 billion in the foreseeable future.

    ArcelorMittal (Luxembourg), Ardagh Group (Ireland), Ball Corporation (US), BWAY Corporation, Can-Pack S. A. (Poland), CCL Industries (Canada), Cleveland Steel Container Corporation, CPMC Holdings (China), Crown Holdings (US), and Daiwa Can Company (Japan) are among the key players in the metal cans, barrels, drums and pails market.

    The chemicals segment is expected to register a healthy CAGR in the metal cans, barrels, drums and pails market in the coming years.

    The metal cans, barrels, drums and pails market is expected to witness an impressive growth of 3.5% CAGR in the coming years.

    Asia-pacific is expected to grow at a substantial CAGR in the metal cans, barrels, drums and pails market during the forecast period.

    Metal cans, barrels, drums and pails vendors; Metal cans, barrels, drums and pails retailers; Food & beverage companies; Chemical companies are the target audience in the metal cans, barrels, drums and pails market.

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