The industrial drums market is a large and growing sector that offers a wide range of packaging solutions for various industries, including chemicals, food and beverages, pharmaceuticals, and oil and gas. Industrial drums are typically made of metal, plastic, or fiber and are used for the storage and transportation of liquids, powders, and granules.
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The market for industrial drums is anticipated to reach US$ 17.6 Bn by 2027, at a CAGR of 7.1% from 2022 to 2027, from an estimated US$ 12.5 Billion in 2022. One of the major factors driving the growth of the market is the increasing demand for bulk packaging solutions. Industrial drums offer a cost-effective way to transport large quantities of products, reducing transportation costs and improving supply chain efficiency.
Another important factor contributing to the growth of the market is the increasing demand for sustainable packaging solutions. Industrial drums made of plastic or fiber are recyclable and can be reused, making them an eco-friendly option for packaging. The increasing awareness about sustainability and the implementation of stringent regulations regarding packaging waste management are further fueling the demand for sustainable packaging solutions.
The market growth is also driven by the increasing demand for customized packaging solutions. Industrial drums can be customized to meet the specific requirements of different industries, such as size, shape, and material. This makes them ideal for packaging a wide range of products, including hazardous and non-hazardous chemicals, food and beverages, and pharmaceuticals.
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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.
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.
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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.
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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