The global industrial drums market, valued at USD 15.94 billion in 2024, is expected to reach approximately USD 32.89 billion by 2034. This growth represents a CAGR of 7.35% from 2024 to 2034. Key players are actively pursuing mergers and other strategies to introduce new technology and drive market expansion during this period.
Industrial Drums Market Overview
Commercial Drums are large, cylindrical industrial containers known as “industrial drums” are mostly used for storage and transportation. Industrial drums, one of the earliest forms of container, are used mostly for bulk products storage and transportation (mostly liquids). Industrial drums are affordable, durable, and strong. Above all, they work well to guarantee that the items kept inside are kept safe from harm and contaminates. These drums’ robust features provide effective storage while still being environmentally friendly.
They are typically made of materials like steel, plastic, or fiberboard. Steel drums are sturdy and can be either carbon steel or stainless steel. They are often used for hazardous materials, chemicals, and heavy-duty applications. They come in different gauges and can be either open-head or tight-head. Plastic drum are made from high-density polyethylene (HDPE) or other plastic materials, these drums are lightweight, resistant to corrosion, and suitable for chemicals, food products, and pharmaceuticals.
They also come in open-head and tight-head varieties. Fiber drums are constructed from fiberboard or composite materials, these are lighter than metal drums and are used for dry bulk goods like powders and granules. They are less durable than metal or plastic drums and are often used for non-hazardous materials. Open-head drums have a removable lid secured with a ring or clamp. They are useful for products that need to be accessed frequently or require filling and emptying. Tight-head drums also known as closed-head drums, these have a non-removable lid with small bungs for filling and dispensing.
Drums typically feature bottom and top rims, sometimes known as chines. The majority of steel drums feature plastic or metal rings or rolling hoops for reinforcement. This gives them enough strength to allow them to be easily flipped over and rolled when loaded down with heavy objects, such as liquids. Drums may be balanced, tilted, and rolled on their bottom rim across short to medium distances. The torque, or rolling force, is provided by a two-handed top grip that is also used to rotate the drum. The global packaging market size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.
Top 5 Factors to Shape the Industrial Drums Market to Grow
- Increasing in adoption of the advanced technology for the production of liquid carton packaging is estimated to drive the growth of the global industrial drums market in the near future.
- The key players operating in the market are focused on geographic expansion and launching their brand in other countries which is expected to drive the growth of the global industrial drums market in the near future.
- Emerging markets and trends for liquid carton packaging is expected to drive the growth of the global industrial drums market over the forecast period.
- Increasing regulatory support is estimated to drive the growth of the market over the forecast period.
- Increasing focus on cost reduction and production efficiency can drive the specialty market growth further.
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