Metal drums are anticipated to be the most common form of liquid, semi-liquids (solvents) and powder packaging. Manufacturers across the globe are siting increase in demand for cost-economical yet exceedingly efficient solutions to overcome the bulk packaging challenges. Hence, several industrial rigid packaging companies concentrate on expanding their product range to cater budding demands from numerous end-use industries.
Metal drums market: Dynamics
Developing economies such as India & China are likely to witness very minimal sign of economic slow-down compared to Western economies. Booming economy owing to growth in the industrial sector, in this APAC region is projected to channelize the warehousing as well as logistics sector thereby generating the demand of rigid heavy duty metal drums.
Key developments & Trends
The established market players that currently operate in the industrial packaging market are out to acquire or collaborate with local/regional players in order to expand its market presence and gain significant market share.
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- In March 2018, MAUSER USA, LLC acquired manufacturing facilities of Atlanta based MaschioPack North America LLC. This acquisition offers MAUSER an opportunity to expand its footprint in North America, with supply of additional manufacturing backing for its reconditioning affiliate, National Container Group (NCG).