The global steel drum market is on a trajectory of consistent growth, projecting a 5.6% CAGR between 2023 and 2033, reaching a significant valuation of US$ 20.8 billion by 2033. Recognized for their safety, security, and eco-friendly features, steel drums made from carbon or stainless steel have become a preferred packaging solution. Their cost-effectiveness, ease of handling, …
Tag Archives: Steel Drum Market
Southeast Asia Steel Drum Market to Double by 2033, Projected to Reach US$835 Million | FMI
The total sales of steel drums in Southeast Asia are poised to be valued at an estimated US$ 423.6 million in 2023, with projections reaching US$ 835 million by 2033. This reflects an anticipated expansion at a Compound Annual Growth Rate (CAGR) of 7.0% during the assessment period from 2023 to 2033. The Southeast Asia steel drum …
USA Steel Drum Market worth US$ 486.3 million by 2033 at a CAGR of 3.6%
Between 2023 and 2033, the global steel drum market is anticipated to increase linearly at a CAGR of 5.6%, reaching US$ 20.8 billion. Carbon steel or stainless steel is used to make the steel drum, a safe and secure rigid packing solution. Steel drum demand is increased by the notable qualities of steel container drums, such as …
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