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Premium Report Details
Base Year: 2024
Companies covered: 20
Tables & Figures: 516
Countries covered: 19
Pages: 180
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Plastic Drums Market
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Plastic Drums Market Size
The global plastic drums market was valued at USD 4.5 billion in 2024 and is estimated to grow at a CAGR of 3.7% to reach USD 6.5 billion by 2034. The growth of the market is attributed to factors such as the rising demand from chemical industry along with the rapid expansion of food and beverage industry.
The rising demand from chemical industry is a major growth driver for the plastics drums market. Chemical manufacturing industries such petrochemicals, fertilizer and specialty chemicals require container to ensure safe storage and transportation of hazardous and non-hazardous materials. Plastic drums made from high density polyethylene (HDPE) provides durable, chemical resistance, and leak proof designs, making them ideal for handling corrosive materials For instance, according to IBEF, the chemical industry in India was valued at USD 220 billion in 2024 and is projected to surpass USD 300 billion by 2030 and USD 1 trillion by 2040. This growth of chemical industry pushes the demand for lightweight & cost-effective containers, which further pushes the growth of plastics drums market.
Plastic drums manufacturers need to emphasize the production of high-density polyethylene (HDPE) drums with improved chemical resistance and leak-proof construction to meet the increasing chemical industry. With increasing demand for safe transportation and storage of hazardous materials, maximizing durability and cost-effectiveness will be essential to market growth.
The rapid expansion of food & beverage industry is another key growth driver for the plastic drums market. Manufacturers are increasingly emphasizing on the adoption of food grade plastics containers for handling edible oil, syrups, juices, and other liquids in large quantities and to ensure product’s safety and integrity while complying with regulatory requirements. These plastics drums offers lightweight and durable designs, which helps in shipment cost reduction and provide stickability to optimize storage during warehousing and transportation. With the increase in consumption of food and beverages along with the shift in consumption patterns, there is an increasing demand for safe, efficient, & bulk storage and transportation, which further propels the growth of the plastics drums market.
Plastic drums producers must concentrate on developing food-grade plastic drums specifically designed for the safe storage and transportation of edible oils, syrups, and drinks. Lightweight, strong, and stackable designs will minimize shipping expenses and maximize warehouse efficiency. Compliance with food safety standards will also be critical to addressing the increasing demand fueled by changing consumption trends in the food and beverage sector.
Plastic Drums Market Trends
Plastic Drums Market Analysis
The plastic drums industry based on the head type is categorized as open head and tight head.
The plastic drums market based on the end-use industry is bifurcated into chemicals & petrochemicals, food & beverage, pharmaceuticals, paintings & coatings, and others.
The plastic drums market based on the material is categorized as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and others.
The plastic drums market based on the capacity is divided into below 35 gallons, 35 – 60 gallons, 60-80 gallons, and above 80 gallons.
The North American region accounted for 28.1% of the global plastic drums market share in the year 2024. The surge in production and export from chemicals & pharmaceutical industry along with the advancement in the drums manufacturing technology are some of the main drivers in North America. Governmental polices promoting safe handling of hazardous materials and the increasing emphasis on recyclable packaging is promoting the adoption of innovative plastics drums in the region.
The Europe region held 24.2% of the global plastic drums market share in the year 2024. The growth of Europe’s market is attributed to the increasing demand from several industries such as chemicals, petrochemicals, and food & beverages for bulk storage and transportation coupled with an increase in demand for lightweight, durable, and cost efficiency packaging.
Asia Pacific region held 37.1% of the global plastic drums market share in 2024. The Asia Pacific region, headed by China, Japan, and South Korea due to their robust industrial and chemical production capabilities, is the largest market for plastic drums. Rapid regional growth is being supported by rapid industrialization, rising demand for chemical and pharmaceutical storage, and strict safety regulations for hazardous materials.
The Latin America region held 6.2% of the global plastic drums market share in 2024. The market in Latin America is fueled by increasing agricultural and chemical exports coupled with development of infrastructure, which pushes the demand for industrial storage solutions for paints, coatings, and other construction materials.
The MEA region held 4.4% of the global plastic drums market share in 2024. The industry in the Middle East & Africa is growing due to increasing demand for bulk storage from several industries such as oil & gas, chemicals, and agriculture. Additionally, strict governmental regulations for handling hazardous material coupled with the improving supply chain efficiency are pushing the growth of market in the region.
Plastic Drums Market Share
The plastic drums industry is highly competitive and fragmented with the presence of well-established global players as well as local players and startups. The top 5 companies in the global market are C.L. Smith, Greif, Mauser Packaging Solutions, Muller Group, and Time Technoplast, collectively accounted for 28% market share. Major players in the market are investing in sustainable plastic drums solutions, including recyclable HDPE, PCR based materials and lightweight designs, to meet the government regulations and the shift in consumer preference towards sustainable packaging options. Additionally, the innovation in plastic drums market such as reusable, nestable and tamper evident plastic drums are gaining rapid traction to enhance logistics efficiency and product safety. The next-generation plastic drums are focusing on lightweight, durable, and recyclable materials to meet the demand for sustainable bulk transport and storage solutions.
A significant technological advancement is the development of smart IoT equipped drums enabling real time tracking of temperature, humidity, and location, which is particularly useful for pharmaceutical and food industries. The adoption of smart manufacturing and circular economic initiatives is driving demand for advanced plastic drums, which can optimize the process ensuring cost efficiency and enhanced waste management in plastic drums production.
Plastic Drums Market Company
The plastics drums industry features several prominent players, including:
Grief is a global leader in the plastics drums market offers a wide range of industrial packaging solutions. This company has a strong market presence across multiple regions including North America and Europe. Additionally, this firm emphasizes on strategic acquisition that can enhance market share and has completed its recent acquisition of Reliance products ltd, a producer of high-performance blow-molded jerrycans and small plastic containers in Canada to expand its industrial packaging solutions.
C.L. Smith, a close competitor in same vertical cater to various industries such as chemicals, pharmaceuticals, adhesive paints, and food & beverage. This firm focuses on sustainable packaging solutions and offers customized packaging solutions, especially in hazardous materials.
Plastic Drums Industry News
The plastic drums market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (Kilo Tons) from 2021 to 2034, for the following segments:
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By Material
By Capacity
By Head Type
By End Use Industry
The above information is provided for the following regions and countries: