Sales of steel drums are estimated to reach a valuation of US$ 604.1 million in 2023. The increasing use of advanced technologies is driving the adoption of steel drums for storing hazardous chemicals among manufacturers. They are formulating strategies to handle toxic chemicals with sustainable packaging solutions, aiming to reduce carbon footprints.
Japan’s steel drum industry is projected to achieve a valuation of US$ 921 million by 2033, demonstrating a CAGR of 4.30%. The chemical sector is giving priority to customer health through strict regulations on packaging processes. They are enhancing consumer experiences by providing high-quality and premium packaging solutions to address safety concerns.
Adoption Analysis of Drum Steel in Japan
Environmental Concerns: Manufacturers' increasing focus on premium packaging solutions for chemicals and fuels is driving the demand for steel drums. They are developing eco-friendly steel drums for reuse and recycling to meet customer desires.
Industrial Growth: The adoption of steel drums is experiencing significant growth due to the expansion of the chemical and manufacturing industries, which require efficient storage and transportation of hazardous products.
Innovations: Manufacturers are making substantial investments in research and development to enhance steel drum designs. They are incorporating sealing technologies and utilizing high-quality materials, resulting in substantial revenue growth in Japan.
Local Demand: The rising domestic industries are in search of reliable, cost-effective, and advanced containers for packaging, leading to an increased adoption of steel drums.
| Attributes | Details |
|---|---|
| Industry Size of Japan in 2023 | US$ 604.1 million |
| Expected Industry Size of Japan by 2033 | US$ 921 million |
| Forecasted CAGR between 2023 to 2033 | 4.30% |
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Advanced Materials: Evolving technologies are enhancing the capabilities of steel drums by utilizing advanced materials that align with current trends. These materials ensure product quality, integrity, and safety.
Supply Chain Optimization: The demand for steel drums is driving improvements in transportation and storage, streamlining the process without hassle.
Smart Packaging: Manufacturers are pursuing smart packaging solutions, such as traceable packaging, to enhance product quality and safety.
Regulations: The escalating government regulations, aimed at reducing waste, bolstering safety, and ensuring high standards, are driving the increased adoption of steel drums.
Export Activities: Manufacturers are producing high-quality steel drum containers to facilitate smoother exports, gaining popularity in the industry.
Price Volatility: The fluctuations in prices, such as production costs, have posed challenges for manufacturers. Consumers managing budgets may hesitate to adopt steel drums.
Alternative Material Uses: Shifting consumer preferences toward alternative materials have led to a decline in the demand for steel drums. These alternatives include fiberboards and plastics, which enhance product value and affordability.
Environmental Regulations: The rising environmental concern is driving an increased adoption of sustainable steel drums. However, strict regulations and the need for high-quality products may limit consumer interest.
Transportation Costs: High transportation costs can significantly impact manufacturers' expenses. The seamless and cost-effective transportation of high-quality goods remains a challenge for many manufacturers. It is crucial to find and maintain efficient, environmentally-friendly transporting solutions.
Principal Consultant
Based on head type, tight head is likely to lead by securing a maximum share of 82.10% in 2023. The rising chemical sector is increasing the demand for steel drums for ideal packaging and to prevent leakage, preferring end users' requirements. The government regulates strict rules on the safety and security of packaging materials such as chemicals, which are preferred by consumers’ choice.
| Segment | Tight Head |
|---|---|
| Industry Share in 2023 | 82.10% |
Food manufacturers are increasingly adopting these steel drum containers to prolong the shelf-life and maintain the freshness of their products. The rising demand for safe transportation and cost-effective solutions is ensuring the protection of sensitive products with sustainability in mind in Japan. Japanese manufacturers are enhancing tight head drums with efficient storage and space-saving designs to reduce storage costs. They are also actively educating customers from various industries, leading to a surge in adoption in Japan.
Based on end use, the chemical industry is poised to dominate other sectors, projecting a share of 37.10% in 2023. The increasing activities in goods and services transportation are ensuring the safety and security of chemical transit. The adoption of steel drums, known for their corrosion resistance, reliability, and durability, is essential for storing a wide range of chemical substances.
| Segment | Chemical Industry |
|---|---|
| Industry Share in 2023 | 37.10% |
Manufacturers are prioritizing product integrity through tight head designs and implementing recycling processes to reduce carbon emissions, aligning with end users' preferences. These high-quality products are generating substantial revenue in the chemical industry. Manufacturers are contending with health risks, including life-threatening diseases and skin-related conditions associated with hazardous chemicals. The adoption of steel drums not only enhances safety but also improves storage capabilities through advanced technologies, thereby elevating the industry.
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| Attributes | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 604.1 million |
| Projected Industry Valuation by 2033 | US$ 921 million |
| Value-based CAGR 2023 to 2033 | 4.30% |
| Historical Analysis of Enterprise Feedback Management in Japan | 2018 to 2022 |
| Demand Forecast for Enterprise Feedback Management in Japan | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Enterprise Feedback Management in Japan Insights on Global Players and their Industry Strategy in Japan, Ecosystem Analysis of Local and Regional Japan Providers |
| Key Cities Analyzed While Studying Opportunities in Enterprise Feedback Management in Japan | Kanto, Chubu, Kinki, Kyushu and Okinawa, Tohoku, Rest of Japan |
| Key Companies Profiled | Grief Inc; Mauser Packaging Solutions; Industrial Container Services Inc; PT PElangi Indah; The Metal Drum Company; Stavig Group; Peninsula Drums CC; Great Western Container Services, Inc |
The steel drum industry in Japan is valued at US$ 604.1 million in 2023.
The adoption of steel drum in Japan is likely to surpass US$ 921 million by 2033.
The demand for steel drum in Japan is likely to rise at a CAGR of 4.30% from 2023 to 2033.
Companies of all sizes are enhance customer interactions, gather feedback, and improve overall customer satisfaction.
Tokyo is likely to witness rapid growth in steel drum demand during the forecast period.
1. Executive Summary
1.1. Japan Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Capacity Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity Type, 2023 to 2033
5.3.1. 200 L
5.3.2. Other than 200 L
5.4. Y-o-Y Growth Trend Analysis By Capacity Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Capacity Type, 2023 to 2033
6. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033
6.3.1. Chemicals
6.3.2. Petroleum & L.
6.3.3. Paints, Inks, & D
6.3.4. Food & Beverage
6.3.5. Building & Const.
6.3.6. Healthcare & P.
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
7. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. Kanto
7.3.2. Chubu
7.3.3. Kinki
7.3.4. Kyushu & Okinawa
7.3.5. Tohoku
7.3.6. Rest of Japan
7.4. Market Attractiveness Analysis By Region
8. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Capacity Type
8.2.2. By End Use
8.3. Market Attractiveness Analysis
8.3.1. By Capacity Type
8.3.2. By End Use
8.4. Key Takeaways
9. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Capacity Type
9.2.2. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Capacity Type
9.3.2. By End Use
9.4. Key Takeaways
10. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Capacity Type
10.2.2. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Capacity Type
10.3.2. By End Use
10.4. Key Takeaways
11. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Capacity Type
11.2.2. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Capacity Type
11.3.2. By End Use
11.4. Key Takeaways
12. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Capacity Type
12.2.2. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Capacity Type
12.3.2. By End Use
12.4. Key Takeaways
13. Rest of Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Capacity Type
13.2.2. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Capacity Type
13.3.2. By End Use
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Capacity Type
14.3.3. By End Use
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Yamamoto Kogyosho Co., Ltd
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Nippon Co., Ltd
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Stavig Group
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. PT Pelangi Indah Canindo Tbk
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Müller AG Verpackungen
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. A W Stokes & Son (Drums) Ltd.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. PT. Rheem Indonesia
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Indonesia Raya Makmur PT.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. The Metal Drum Company
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Skolnik Industries Inc.
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Steel Drum Industry Analysis in Japan
