Key Insights
The global industrial drums market, valued at $13.83 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 5.69% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for efficient and safe packaging solutions across various industries, including food and beverage, chemicals, pharmaceuticals, and petroleum, is a primary driver. Growth in e-commerce and the subsequent need for secure transportation of goods also contributes significantly. Furthermore, the rising adoption of sustainable packaging materials, such as recycled plastics and bio-based polymers, is shaping market trends, pushing manufacturers to innovate and offer environmentally friendly alternatives. Regulations concerning hazardous material transportation and storage are also stimulating demand for specialized and compliant drums. Regional variations exist, with North America and Europe currently holding significant market shares, but the Asia-Pacific region is expected to witness the fastest growth due to rapid industrialization and expanding manufacturing sectors in countries like China and India. However, fluctuations in raw material prices and concerns about plastic waste pose potential restraints on market growth.
Industrial Drums Market Market Size (In Billion)
Despite these challenges, the market's positive outlook is reinforced by ongoing technological advancements in drum design and manufacturing processes. Innovations like lightweight yet robust drums, improved closure systems for enhanced leak prevention, and intelligent packaging solutions are enhancing efficiency and safety across supply chains. The increasing focus on product traceability and supply chain transparency further drives demand for advanced drum features. The market's segmentation by product type (steel, plastic, fiber) and end-user industry allows for targeted strategies by manufacturers. Key players like Greif Inc., Mauser Packaging Solutions, and Time Technoplast Ltd. are actively investing in research and development to maintain their competitive edge and cater to the evolving needs of their customers, further contributing to the market's overall expansion.
Industrial Drums Market Company Market Share
Industrial Drums Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the global Industrial Drums Market, offering invaluable insights for industry stakeholders. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market structure, competitive dynamics, industry trends, dominant segments, and key players. The study period encompasses the historical period (2019-2024), base year (2025), and forecast period (2025-2033). Expected market value projections are included where data is available.
Industrial Drums Market Structure & Competitive Dynamics
The global industrial drums market is characterized by a moderately concentrated landscape, with several key players holding significant market share. Market concentration is influenced by factors such as economies of scale, technological advancements, and brand recognition. Innovation plays a crucial role, with companies continuously developing new materials, designs, and functionalities to cater to evolving industry needs. Stringent regulatory frameworks related to material safety and environmental regulations influence manufacturing processes and product design. Substitutes, such as flexible intermediate bulk containers (FIBC), pose competitive pressure, necessitating continuous innovation and cost optimization. End-user trends, including a shift toward sustainability and eco-friendly packaging solutions, are reshaping the market.
The market has also witnessed considerable M&A activity. For instance, the acquisition of Rahway Steel Drum Company by Novvia Group in May 2023 highlights the strategic expansion efforts of major players. Greif Inc.'s increased stake in Centurion Container LLC (April 2023) for USD 145 Million signals a consolidation trend within the industrial drum reconditioning segment. The value of these M&A deals collectively reached xx Million in the last year, further consolidating the market. Major players hold approximately xx% of the market share, while smaller players compete fiercely in niche segments.
Industrial Drums Market Industry Trends & Insights
The global industrial drums market is projected to witness significant growth during the forecast period, driven by several key factors. The increasing demand from the chemicals and fertilizers, food and beverage, and pharmaceutical industries is a primary growth catalyst. Technological advancements in material science and manufacturing processes, leading to the development of lighter, stronger, and more sustainable drums, are driving market expansion. Changing consumer preferences, particularly the emphasis on product safety and environmental concerns, are pushing the adoption of eco-friendly drums made from recycled materials. Furthermore, the rise of e-commerce and the expansion of the logistics sector are fueling the demand for reliable and efficient industrial packaging solutions. The CAGR for the market is estimated to be xx% from 2025 to 2033, with market penetration expected to reach xx% by 2033. Competitive dynamics, including product differentiation, pricing strategies, and service offerings, significantly impact the market’s growth trajectory.
Dominant Markets & Segments in Industrial Drums Market
The Chemicals and Fertilizers end-user industry currently dominates the industrial drums market, accounting for approximately xx% of global demand. This is primarily attributed to the substantial volume of chemical and fertilizer products requiring safe and efficient transportation and storage. The Asia-Pacific region is projected to be the leading geographical market in the coming years, driven by robust industrial growth, increasing manufacturing activity, and rising demand across various end-user industries.
- Key Drivers for the Chemicals and Fertilizers segment:
- Growing demand for agricultural products.
- Expansion of the chemical industry in emerging economies.
- Stringent regulations regarding chemical transportation and storage.
- Key Drivers for the Asia-Pacific region:
- Rapid industrialization and urbanization.
- Expanding manufacturing base.
- Rising disposable incomes and consumption patterns.
- Supportive government policies and infrastructure development.
Steel drums currently hold the largest market share within the product type segment, although plastic and fiber drums are experiencing growth, driven by their cost-effectiveness and sustainability attributes.
Industrial Drums Market Product Innovations
Recent innovations in industrial drums include the development of lighter weight, yet durable, steel drums through advanced manufacturing techniques. Plastic drums are increasingly incorporating recycled materials to meet sustainability targets. Fiber drums are being enhanced with improved barrier properties to protect sensitive contents. These innovations offer significant advantages in terms of reduced transportation costs, enhanced product protection, and improved environmental performance. The market is witnessing a shift toward drums with enhanced features such as integrated handling systems and improved stacking capabilities. This trend directly impacts efficiency and safety within the supply chain.
Report Segmentation & Scope
This report segments the industrial drums market by product type (Steel Drum, Plastic Drum, Fiber Drum) and by end-user industry (Food and Beverage, Chemicals and Fertilizers, Pharmaceuticals, Petroleum and Lubricants, Other End-User Industries). Each segment's growth projection, market size, and competitive dynamics are thoroughly analyzed. For example, the steel drum segment is expected to witness a steady growth rate, driven by its strength and durability, while plastic drums are anticipated to showcase faster growth due to their lightweight nature and recyclability. Similarly, the chemicals and fertilizers segment dominates the end-user industry sector, while the pharmaceutical segment is growing at a faster rate due to stringent regulatory requirements and the need for secure packaging.
Key Drivers of Industrial Drums Market Growth
Several factors drive the growth of the industrial drums market. The expansion of various end-user industries, particularly in developing economies, fuels the demand for efficient packaging solutions. Government regulations promoting product safety and environmental protection are leading to increased adoption of eco-friendly drums. Technological advancements, such as the use of advanced materials and improved manufacturing techniques, are enabling the production of lighter, more durable, and cost-effective drums. Furthermore, improvements in logistics and supply chain management contribute to the growth of the market.
Challenges in the Industrial Drums Market Sector
The industrial drums market faces various challenges. Fluctuations in raw material prices and supply chain disruptions directly impact production costs and profitability. Stringent environmental regulations impose higher compliance costs on manufacturers. Competition from alternative packaging solutions, such as flexible intermediate bulk containers (FIBCs), necessitates continuous innovation and adaptation. Furthermore, economic downturns can significantly impact the demand for industrial drums, especially in sectors highly dependent on industrial manufacturing and production. These challenges create complexities for market players, demanding strategic responses to navigate the industry effectively.
Leading Players in the Industrial Drums Market Market
- Greif Inc.
- Mauser Packaging Solutions
- Schutz GmbH & Co KGaA
- Peninsula Drums
- Time Technoplast Ltd
- Eagle Manufacturing Company
- Balmer Lawre & Co Ltd
- TPL Plastech Limited
- U S Coexcell Inc
- Sicagen India Ltd
Key Developments in Industrial Drums Market Sector
- May 2023: Novvia Group acquired Rahway Steel Drum Company, expanding its presence in the Northeast US.
- April 2023: Greif Inc. increased its ownership in Centurion Container LLC to 80%, strengthening its position in the North American reconditioning market.
Strategic Industrial Drums Market Market Outlook
The future of the industrial drums market looks promising, driven by sustained growth in end-user industries, technological advancements, and increasing focus on sustainability. Strategic opportunities exist for companies that can successfully innovate and adapt to evolving market needs. Investing in research and development of eco-friendly materials, exploring new manufacturing technologies, and offering value-added services will be key for maintaining a competitive edge. Furthermore, focusing on expanding into emerging markets and capitalizing on M&A opportunities present significant potential for growth and market share expansion.
Industrial Drums Market Segmentation
-
1. Product Type
- 1.1. Steel Drum
- 1.2. Plastic Drum
- 1.3. Fiber Drum
-
2. End-user Industry
- 2.1. Food and Beverage
- 2.2. Chemicals and Fertilizers
- 2.3. Pharmaceuticals
- 2.4. Petroleum and Lubricants
- 2.5. Other End User Industries
Industrial Drums Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
-
2. Europe
- 2.1. United Kingdom
- 2.2. Germany
- 2.3. France
- 2.4. Italy
-
3. Asia
- 3.1. China
- 3.2. Japan
- 3.3. India
- 4. Australia and New Zealand
-
5. Latin America
- 5.1. Brazil
- 5.2. Mexico
-
6. Middle East and Africa
- 6.1. United Arab Emirates
- 6.2. Saudi Arabia
- 6.3. South Africa
- 6.4. Egypt
Industrial Drums Market Regional Market Share
Geographic Coverage of Industrial Drums Market
Industrial Drums Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.69% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Demand for Industrial Drum from the Chemical and Fertilizers and Petroleum Lubricant Industry; Increasing Focus on Strengthening Supply Chain Capabilities Among End Users
- 3.3. Market Restrains
- 3.3.1. Presence of Alternate Packaging Solutions such as Plastic Drums and Others
- 3.4. Market Trends
- 3.4.1. Increasing Demand from the Chemical and Fertilizers and Petroleum Lubricant Industry to Drive the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Industrial Drums Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Product Type
- 5.1.1. Steel Drum
- 5.1.2. Plastic Drum
- 5.1.3. Fiber Drum
- 5.2. Market Analysis, Insights and Forecast - by End-user Industry
- 5.2.1. Food and Beverage
- 5.2.2. Chemicals and Fertilizers
- 5.2.3. Pharmaceuticals
- 5.2.4. Petroleum and Lubricants
- 5.2.5. Other End User Industries
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia
- 5.3.4. Australia and New Zealand
- 5.3.5. Latin America
- 5.3.6. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Product Type
- 6. North America Industrial Drums Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Product Type
- 6.1.1. Steel Drum
- 6.1.2. Plastic Drum
- 6.1.3. Fiber Drum
- 6.2. Market Analysis, Insights and Forecast - by End-user Industry
- 6.2.1. Food and Beverage
- 6.2.2. Chemicals and Fertilizers
- 6.2.3. Pharmaceuticals
- 6.2.4. Petroleum and Lubricants
- 6.2.5. Other End User Industries
- 6.1. Market Analysis, Insights and Forecast - by Product Type
- 7. Europe Industrial Drums Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Product Type
- 7.1.1. Steel Drum
- 7.1.2. Plastic Drum
- 7.1.3. Fiber Drum
- 7.2. Market Analysis, Insights and Forecast - by End-user Industry
- 7.2.1. Food and Beverage
- 7.2.2. Chemicals and Fertilizers
- 7.2.3. Pharmaceuticals
- 7.2.4. Petroleum and Lubricants
- 7.2.5. Other End User Industries
- 7.1. Market Analysis, Insights and Forecast - by Product Type
- 8. Asia Industrial Drums Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Product Type
- 8.1.1. Steel Drum
- 8.1.2. Plastic Drum
- 8.1.3. Fiber Drum
- 8.2. Market Analysis, Insights and Forecast - by End-user Industry
- 8.2.1. Food and Beverage
- 8.2.2. Chemicals and Fertilizers
- 8.2.3. Pharmaceuticals
- 8.2.4. Petroleum and Lubricants
- 8.2.5. Other End User Industries
- 8.1. Market Analysis, Insights and Forecast - by Product Type
- 9. Australia and New Zealand Industrial Drums Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Product Type
- 9.1.1. Steel Drum
- 9.1.2. Plastic Drum
- 9.1.3. Fiber Drum
- 9.2. Market Analysis, Insights and Forecast - by End-user Industry
- 9.2.1. Food and Beverage
- 9.2.2. Chemicals and Fertilizers
- 9.2.3. Pharmaceuticals
- 9.2.4. Petroleum and Lubricants
- 9.2.5. Other End User Industries
- 9.1. Market Analysis, Insights and Forecast - by Product Type
- 10. Latin America Industrial Drums Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Product Type
- 10.1.1. Steel Drum
- 10.1.2. Plastic Drum
- 10.1.3. Fiber Drum
- 10.2. Market Analysis, Insights and Forecast - by End-user Industry
- 10.2.1. Food and Beverage
- 10.2.2. Chemicals and Fertilizers
- 10.2.3. Pharmaceuticals
- 10.2.4. Petroleum and Lubricants
- 10.2.5. Other End User Industries
- 10.1. Market Analysis, Insights and Forecast - by Product Type
- 11. Middle East and Africa Industrial Drums Market Analysis, Insights and Forecast, 2020-2032
- 11.1. Market Analysis, Insights and Forecast - by Product Type
- 11.1.1. Steel Drum
- 11.1.2. Plastic Drum
- 11.1.3. Fiber Drum
- 11.2. Market Analysis, Insights and Forecast - by End-user Industry
- 11.2.1. Food and Beverage
- 11.2.2. Chemicals and Fertilizers
- 11.2.3. Pharmaceuticals
- 11.2.4. Petroleum and Lubricants
- 11.2.5. Other End User Industries
- 11.1. Market Analysis, Insights and Forecast - by Product Type
- 12. Competitive Analysis
- 12.1. Global Market Share Analysis 2025
- 12.2. Company Profiles
- 12.2.1 Schutz GmbH & Co KGaA
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 Greif Inc
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 Peninsula Drums
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 Time Technoplast Ltd
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 Eagle Manufacturing Company
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 Mauser Packaging Solutions
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 Balmer Lawre & Co Ltd
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 TPL Plastech Limited
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.9 U S Coexcell Inc *List Not Exhaustive
- 12.2.9.1. Overview
- 12.2.9.2. Products
- 12.2.9.3. SWOT Analysis
- 12.2.9.4. Recent Developments
- 12.2.9.5. Financials (Based on Availability)
- 12.2.10 Sicagen India Ltd
- 12.2.10.1. Overview
- 12.2.10.2. Products
- 12.2.10.3. SWOT Analysis
- 12.2.10.4. Recent Developments
- 12.2.10.5. Financials (Based on Availability)
- 12.2.1 Schutz GmbH & Co KGaA
List of Figures
- Figure 1: Global Industrial Drums Market Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Industrial Drums Market Revenue (Million), by Product Type 2025 & 2033
- Figure 3: North America Industrial Drums Market Revenue Share (%), by Product Type 2025 & 2033
- Figure 4: North America Industrial Drums Market Revenue (Million), by End-user Industry 2025 & 2033
- Figure 5: North America Industrial Drums Market Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 6: North America Industrial Drums Market Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Industrial Drums Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: Europe Industrial Drums Market Revenue (Million), by Product Type 2025 & 2033
- Figure 9: Europe Industrial Drums Market Revenue Share (%), by Product Type 2025 & 2033
- Figure 10: Europe Industrial Drums Market Revenue (Million), by End-user Industry 2025 & 2033
- Figure 11: Europe Industrial Drums Market Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 12: Europe Industrial Drums Market Revenue (Million), by Country 2025 & 2033
- Figure 13: Europe Industrial Drums Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Asia Industrial Drums Market Revenue (Million), by Product Type 2025 & 2033
- Figure 15: Asia Industrial Drums Market Revenue Share (%), by Product Type 2025 & 2033
- Figure 16: Asia Industrial Drums Market Revenue (Million), by End-user Industry 2025 & 2033
- Figure 17: Asia Industrial Drums Market Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 18: Asia Industrial Drums Market Revenue (Million), by Country 2025 & 2033
- Figure 19: Asia Industrial Drums Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: Australia and New Zealand Industrial Drums Market Revenue (Million), by Product Type 2025 & 2033
- Figure 21: Australia and New Zealand Industrial Drums Market Revenue Share (%), by Product Type 2025 & 2033
- Figure 22: Australia and New Zealand Industrial Drums Market Revenue (Million), by End-user Industry 2025 & 2033
- Figure 23: Australia and New Zealand Industrial Drums Market Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 24: Australia and New Zealand Industrial Drums Market Revenue (Million), by Country 2025 & 2033
- Figure 25: Australia and New Zealand Industrial Drums Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Latin America Industrial Drums Market Revenue (Million), by Product Type 2025 & 2033
- Figure 27: Latin America Industrial Drums Market Revenue Share (%), by Product Type 2025 & 2033
- Figure 28: Latin America Industrial Drums Market Revenue (Million), by End-user Industry 2025 & 2033
- Figure 29: Latin America Industrial Drums Market Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 30: Latin America Industrial Drums Market Revenue (Million), by Country 2025 & 2033
- Figure 31: Latin America Industrial Drums Market Revenue Share (%), by Country 2025 & 2033
- Figure 32: Middle East and Africa Industrial Drums Market Revenue (Million), by Product Type 2025 & 2033
- Figure 33: Middle East and Africa Industrial Drums Market Revenue Share (%), by Product Type 2025 & 2033
- Figure 34: Middle East and Africa Industrial Drums Market Revenue (Million), by End-user Industry 2025 & 2033
- Figure 35: Middle East and Africa Industrial Drums Market Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 36: Middle East and Africa Industrial Drums Market Revenue (Million), by Country 2025 & 2033
- Figure 37: Middle East and Africa Industrial Drums Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Industrial Drums Market Revenue Million Forecast, by Product Type 2020 & 2033
- Table 2: Global Industrial Drums Market Revenue Million Forecast, by End-user Industry 2020 & 2033
- Table 3: Global Industrial Drums Market Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Industrial Drums Market Revenue Million Forecast, by Product Type 2020 & 2033
- Table 5: Global Industrial Drums Market Revenue Million Forecast, by End-user Industry 2020 & 2033
- Table 6: Global Industrial Drums Market Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Global Industrial Drums Market Revenue Million Forecast, by Product Type 2020 & 2033
- Table 10: Global Industrial Drums Market Revenue Million Forecast, by End-user Industry 2020 & 2033
- Table 11: Global Industrial Drums Market Revenue Million Forecast, by Country 2020 & 2033
- Table 12: United Kingdom Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 13: Germany Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: France Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: Italy Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Global Industrial Drums Market Revenue Million Forecast, by Product Type 2020 & 2033
- Table 17: Global Industrial Drums Market Revenue Million Forecast, by End-user Industry 2020 & 2033
- Table 18: Global Industrial Drums Market Revenue Million Forecast, by Country 2020 & 2033
- Table 19: China Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 20: Japan Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 21: India Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: Global Industrial Drums Market Revenue Million Forecast, by Product Type 2020 & 2033
- Table 23: Global Industrial Drums Market Revenue Million Forecast, by End-user Industry 2020 & 2033
- Table 24: Global Industrial Drums Market Revenue Million Forecast, by Country 2020 & 2033
- Table 25: Global Industrial Drums Market Revenue Million Forecast, by Product Type 2020 & 2033
- Table 26: Global Industrial Drums Market Revenue Million Forecast, by End-user Industry 2020 & 2033
- Table 27: Global Industrial Drums Market Revenue Million Forecast, by Country 2020 & 2033
- Table 28: Brazil Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 29: Mexico Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 30: Global Industrial Drums Market Revenue Million Forecast, by Product Type 2020 & 2033
- Table 31: Global Industrial Drums Market Revenue Million Forecast, by End-user Industry 2020 & 2033
- Table 32: Global Industrial Drums Market Revenue Million Forecast, by Country 2020 & 2033
- Table 33: United Arab Emirates Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 34: Saudi Arabia Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 35: South Africa Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 36: Egypt Industrial Drums Market Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Industrial Drums Market?
The projected CAGR is approximately 5.69%.
2. Which companies are prominent players in the Industrial Drums Market?
Key companies in the market include Schutz GmbH & Co KGaA, Greif Inc, Peninsula Drums, Time Technoplast Ltd, Eagle Manufacturing Company, Mauser Packaging Solutions, Balmer Lawre & Co Ltd, TPL Plastech Limited, U S Coexcell Inc *List Not Exhaustive, Sicagen India Ltd.
3. What are the main segments of the Industrial Drums Market?
The market segments include Product Type, End-user Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD 13.83 Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Demand for Industrial Drum from the Chemical and Fertilizers and Petroleum Lubricant Industry; Increasing Focus on Strengthening Supply Chain Capabilities Among End Users.
6. What are the notable trends driving market growth?
Increasing Demand from the Chemical and Fertilizers and Petroleum Lubricant Industry to Drive the Market.
7. Are there any restraints impacting market growth?
Presence of Alternate Packaging Solutions such as Plastic Drums and Others.
8. Can you provide examples of recent developments in the market?
May 2023: Novvia Group, a global rigid container and life sciences packaging distributor, acquired Rahway Steel Drum Company, a New Jersey-based distributor of drums, pails, IBCs, and other rigid packaging solutions. The acquisition represents Novvia’s expansion into the Northeast.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Industrial Drums Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Industrial Drums Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Industrial Drums Market?
To stay informed about further developments, trends, and reports in the Industrial Drums Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence