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Industrial Drums Market Share

Report ID: GMI12395
Published Date: Nov 2024
Report Format: PDF

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Industrial Drums Market Share

The market is highly competitive, with players competing across several strategic factors. Product differentiation is a key driver, with manufacturers focusing on innovative drum designs, specialized materials, and advanced features such as improved durability and chemical resistance to meet the diverse needs of industries like chemicals, pharmaceuticals, and food. Price competition is also significant, as businesses aim to offer cost-effective solutions without compromising on quality.

Distribution networks play an essential role in maintaining a competitive edge, with companies striving to enhance supply chain efficiency and ensure reliable delivery to meet global demand. Additionally, customer service and customization options are becoming important, as businesses cater to specific industry requirements, allowing them to stand out in a crowded market.

Industrial Drums Market Companies

Major players operating in the industrial drums industry are:

Balmer Lawrie
Cary Company
Enviro-Pak
Greif
Mauser Packaging Solutions (BWAY Corporation)
Metal Drum
Mitchell Container Services
North Coast Container
Orlando Drum & Container
Peninsula Drums
Rahway Steel Drum
Schutz
Sicagen
Snyder Industries
Time Technoplast
TPL Plastech
US Coexcell

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global industrial drums industry was valued at USD 14.8 billion in 2024 and is estimated to grow at a 6.8% CAGR from 2025 to 2034, driven by increasing demand in sectors such as chemicals, pharmaceuticals, food and beverage, and logistics.

The steel drum segment held over 40% market share in 2024 due to its durability and high resistance to extreme temperatures, chemicals, and pressure, making it ideal for transporting hazardous and non-hazardous materials.

North America dominated the market with a share of over 25% in 2024, driven by the increasing demand for bulk storage solutions across various industries, including chemicals, pharmaceuticals, and food and beverage.

Key players in the industry include Balmer Lawrie, Cary Company, Enviro-Pak, Greif, Mauser Packaging Solutions (BWAY Corporation), Metal Drum, Mitchell Container Services, North Coast Container, Orlando Drum & Container, Peninsula Drums, Rahway Steel Drum, Schutz, Sicagen, and Snyder Industries.