FMI provides a critical assessment of the performance of emerging and mature markets in a new publication titled "Bag in Drum Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028"
Valley Cottage, NY -- (SBWIRE) -- 03/01/2019 -- Global bag in drum market: Introduction & Significance
Bag in drum is used for reliable packaging of food preparation, concentrates and foodstuffs. Bag in drum consist of the reusable conical steel drum and an aseptic liner bag. The packaging of various pharmaceutical and food & beverage products are gaining the significant importance among the various packaging manufacturers. Due to rise in population, the demand for food and beverage products among the consumer is increasingly rapidly. Apart from the growing demand for adequately packaged food products from the Asian emerging economies, developed countries in the western part of the world are also expected to sustain a consistent demand in the global bag in drum market. Packaging manufacturers are focusing on the less pre- package costs for the manufacturers are the key areas to be noticed by the packaging companies. This is anticipated to boost the sale of the global bag in drum market as a preferred mode of the packaging by various packaging manufacturers.
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Global bag in drum market: Market Dynamics
Bag in drum market growth has been propelled by the consumer awareness regarding health and hygiene, growing disposable incomes resulting in the inclination of the consumers towards premium products. Manufacturers of bag in drum market are especially focused on the geographical expansion through the opening of the manufacturing locations coupled with developing innovative solutions such as changeable liner bags and aseptic liner bags. In addition bag in containers are high priced, leading to the adoption of the bag in drum packaging in various industries primarily in few potential markets across the Asia Pacific and Middle East and Africa (MEA). Due to its cost
Global bag in drum market: Segmentation
On the basis of material, the global bag in drum market has been segmented as:
Plastic
HDPE
LDPE
PP
PET
Metal
Others
On the basis of capacity, the global bag in drum market has been segmented as:
Plastic
HDPE
LDPE
PP
PET
Metal
Others
On the basis of end-user industry, the global bag in drum market has been segmented as:
Food & Beverage Industry
Industrial Liquid Products
Household Products
Others
On the basis of region, the global bag in drum market has been segmented as:
North America
Latin America
Asia Pacific excluding Japan (APEJ)
Western Europe
Eastern Europe
Middle East & Africa (MEA)
Japan
Global bag in drum market: Significance
The benefit of using conical steel drum includes a steamable butterfly valve which can be fitted in the existing filling lines withstanding steam serialization condition.Growth in the demand of the bag in drum is expected to grow steadily for several reasons. Increase in demand for the food & beverage industry is one of the major factor driving the growth of the global bag in drum market. By using bag in drum large quantity of products can be transferred from one place to another. Bag in drum is used in various end-use industries such as food & beverage industry, industrial liquid products, household products and others.
bag in drum market
Global bag in drum market: Key players
Some of the key vendors that currently operate in the bag in drum market and partitions market across the globe are as follows:
Capricorn Food Products India Ltd.
Ruijin Xinchen Technology Co., Ltd.
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