MS Barrels, also known as Metal Barrels, are specially designed containers used for packaging and transporting various types of oil. These barrels are generally made of mild steel, which is strong and lightweight, making them easy to transport and store. They come in a variety of sizes and shapes, allowing for efficient and secure oil packaging. MS Barrels offer a safe and economical solution for companies that need to transport oil over long distances. MS Barrels are typically constructed from high-grade mild steel, which is resistant to corrosion and is non-flammable. The metal also has excellent strength-to-weight ratio, making it ideal for transportation. Furthermore, mild steel is an economical material compared to other metals like stainless steel or aluminium. As such, these barrels are cost-effective and help businesses keep their packaging costs low.
Benefit of MS Barrels
MS Barrels are highly durable and can withstand extremely high temperatures and pressure. This means that they are well suited for transporting oil and other liquids, as they will be able to safely store the contents during long-distance transportation. MS Barrels are also eco-friendly and offer a great way to reduce plastic waste. Since they are made of metal, they can be recycled or reused over again. This makes them a much more sustainable option compared to plastic barrels which need to be disposed of after one use. Overall, MS Barrels offer numerous advantages for oil packaging businesses and are quickly becoming the preferred choice over plastic barrels. Not only are they more durable and eco-friendly, but they also provide cost savings in terms of transportation.
Global Market Outlook
The Global Industrial drum Market was valued at USD 10.88 billion in 2021 and is expected to reach USD 20.67 billion by 2029, registering a CAGR of 7.70% during the forecast period of 2022-2029. Industrial drums allow higher operational efficiency and effectiveness in shipping bulk quantities of commodities, especially in liquid form. Industrial drums also offer cost-effective transport packaging solutions for the shipment of both hazardous and non-hazardous materials, like chemicals, wines, fruit juices, etc. The market for industrial drums in the region is expected to continue to expand as a result of the region's growing exports of wines and vegetable oil. Asian nations' oil exporters use industrial drums over other bulk packaging materials. Large-scale palm oil exports from China and India may result in a major increase in the demand for industrial drums in the region. On the other hand, North America is estimated to show lucrative growth in the forecast period of 2022 to 2029 due to the increasing demand for fertilizers and chemicals from several industries.
Conclusion
MS Barrels are quickly becoming the go-to choice for oil packaging due to their superior benefits and convenience. MS Barrels offer a wide range of advantages including ease of transportation, environmental friendliness, and cost savings. They are also highly durable and safe for storing oil, making them the perfect choice for oil packaging. Ultimately, MS Barrels offer a great solution to oil packaging, making them an ideal choice for any business involved in the oil industry.
Key Players
· Greif Inc.
· Sicagen India Ltd
· Balmer Lawrie & Co. Ltd
· Time Technoplast Ltd
· Schütz GmbH & Co. KGaA.
· Mauser Packaging Solutions
· TPL Plastech Limited
· Peninsula Drums
· Eagle Manufacturing Company
· U.S. Coexcell Inc.