How big is the Industrial Drums Market?

The Industrial Drums Market size is expected to reach USD 13.83 billion in 2024 and grow at a CAGR of 5.69% to reach USD 18.24 billion by 2029. Read More

What is the current Industrial Drums Market size?

In 2024, the Industrial Drums Market size is expected to reach USD 13.83 billion. Read More

Who are the key players in Industrial Drums Market?

Greif Inc., Sicagen India Ltd, Balmer Lawrie & Co Ltd, Time Technoplast Ltd and Mauser Packaging Solutions are the major companies operating in the Industrial Drums Market. Read More

Which is the fastest growing region in Industrial Drums Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial Drums Market?

In 2024, the Asia Pacific accounts for the largest market share in Industrial Drums Market. Read More

What years does this Industrial Drums Market cover, and what was the market size in 2023?

In 2023, the Industrial Drums Market size was estimated at USD 13.04 billion. The report covers the Industrial Drums Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Drums Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Industrial Drums Market Report | Industry Analysis, Size & Forecast Overview

Industrial Drums Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Industrial Drums Market Report is Segmented by Product Type (Steel Drum, Plastic Drum, Fiber Drum), End-User Industry (Food and Beverage, Chemicals and Fertilizers, Pharmaceuticals, Petroleum and Lubricants, Other End-User Industries), and Geography (North America [United States, Canada], Europe [United Kingdom, Germany, France, Italy, Rest of Europe], Asia-Pacific [ China, India, Japan, Australia and New Zealand, Rest of Asia-Pacific], Latin America [Brazil, Mexico, Rest of Latin America], Middle East and Africa [United Arab Emirates, Saudi Arabia, South Africa, Egypt, Rest of Middle East and Africa]). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Industrial Drums Industry Overview

The industrial drums market is characterized by differentiation, growing levels of product penetration, and high levels of competition. Sustainable competitive advantage can be gained through innovation in design, capacity, and application. The penetration rates of these products grow due to their increasing adoption by end-users, including chemicals and fertilizers, and the rates are expected to grow further during the forecast period. Some of the key players in the market include Greif Inc., Schütz GmbH & Co. KGaA, and Mauser Group BV.

February 2023: Mauser Packaging Solutions expanded its product offering in South Africa by investing in state-of-the-art plastic drum manufacturing equipment. Based in Durban, South Africa, the new line manufactures UN-certified, tight-head polyethylene barrels in sizes 210 l, 232 l, and 250 l. Plastic barrels are available in mono-layer or multi-layer formats and are ideal for chemical, food, oil, and lubricant use.
January 2023: To increase the output of open-head steel drums, SCHÜTZ Container Systems expanded its steel drum manufacturing facility in Houston, United States. This expansion and service offering provide local customers with a complete selection of new and reconditioned IBCs, PE, and steel drums.