The industrial drums market is a significant and expanding industry that provides a wide range of packaging solutions for numerous industries, including chemicals, food and beverage, pharmaceuticals, and oil and gas. For the storage and transportation of liquids, powders, and grains, industrial drums are commonly composed of metal, plastic, or fibre.
Industrial drum sales are expected to increase from an estimated US$ 12.5 Billion in 2022 to US$ 17.6 Billion by 2027, with a CAGR of 7.1% between 2022 and 2027. The rising demand for bulk packaging solutions is one of the key reasons fueling the market’s expansion. Industrial drums are an affordable option for shipping big quantities of goods, which lowers transportation costs and boosts supply chain effectiveness.
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The growing demand for environmentally friendly packaging options is a significant element driving the market’s expansion. Plastic or fibre industrial drums can be recycled and used again, making them a sustainable choice for packaging. The demand for sustainable packaging solutions is being further fueled by rising environmental awareness and the adoption of strict rules surrounding packaging waste management.
The rising need for specialised packaging solutions is another factor driving the market expansion. Industrial barrels can be made to order in any size, shape, or material to satisfy the demands of various industries. They are therefore perfect for storing a variety of goods, such as food, drinks, medications, hazardous and non-hazardous substances.
In conclusion, the industrial drums market is expected to experience significant growth in the coming years driven by the increasing demand for bulk and customized packaging solutions, the need for sustainable packaging solutions, and the versatility of industrial drums.
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Competitive Landscape
Leading industrial drums manufacturers are committed to launching new products in the market targeting specific end-use industries. Key players in the industrial drums market are also making investments to increase their manufacturing capabilities and geographical footprint in an attempt to increase their market share.
For instance, in September 2021 Mauser Packaging Solutions announced the plan to invest in its Gebze, Turkey facility for increasing the manufacturing capacity of plastic drums and IBC production.
In February 2020, Greif Inc. announced the expansion of its California, U.S. facility with the addition of a blow molder for tight head and open head plastic drums.
Key Players:
- Greif, Inc.
- Mauser Group B.V.
- Schutz Container Systems, Inc.
- Sicagen India Limited
- Myers Container, LLC
- Eagle Manufacturing Company
- Time Technoplast Ltd
- Balmer Lawrie & Co. Ltd.
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Industrial Drums Market by Category
By Product Type:
- Steel Drum
- Plastic Drum
- Fiber Drum
By Capacity:
- Up to 100 Liter
- 100 to 250 Liter
- 250 to 500 Liter
- Above 500 Liter
By End Use:
- Food & Beverages
- Chemical & Fertilizers
- Pharmaceuticals
- Petroleum & Lubricants
- Building & Construction
- Paints, Inks, & Dyes
- Other End Uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
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