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Industrial Drums Market Size

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

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Industrial Drums Market Size

The global industrial drums market size was valued at USD 14.8 billion in 2024 and is estimated to grow at a CAGR of 6.8% from 2025 to 2034. The market is experiencing growth driven by increasing demand in sectors such as chemicals, pharmaceuticals, food and beverage, and logistics. The rising need for secure, durable, and reusable packaging solutions for hazardous materials and bulk goods is pushing this demand.

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Moreover, the shift towards sustainable packaging and innovations in drum manufacturing technologies, such as the development of advanced materials like polyethylene, is contributing to market growth. As companies expand production capabilities to meet these evolving demands, the industry is shifting towards more efficient manufacturing processes and environmentally friendly solutions, reflecting a broader trend of sustainability and innovation. This trend is demonstrated by the launch of new production lines aimed at enhancing the production of specialized industrial drums to meet market requirements. For instance, In February 2024, Schutz has officially launched a new extrusion blow moulding line at its Karawang facility in Indonesia, aimed at producing the F1 220-litre polyethylene (PE) tight-head drum. This strategic investment enhances the company's production capabilities and expands its product portfolio, providing customers with greater flexibility and option.

Industrial Drums Market Report Attributes
Report Attribute	Details
Base Year:	2024
Industrial Drums Market Size in 2024:	USD 14.8 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	6.8%
2034 Value Projection:	USD 28.2 Billion
Historical Data for:	2022 - 2024
No. of Pages:	250
Tables, Charts & Figures:	260
Segments covered:	Product type, Capacity, End-use industry
Growth Drivers:	Increased need for durable and secure packaging for hazardous materials Expanding global trade and logistics networks Technological advancements in drum manufacturing Customization and specialization of industrial drums Expansion in the oil & gas industry
Pitfalls & Challenges:	Maintenance and longevity of industrial drums Managing large-scale inventory and logistics

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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.