Explosive Growth: Industrial Drums Market Soars to US$ 17.6 billion by 2027

The industrial drums market, which is sizable and growing, offers a wide selection of packaging options for many different industries, including chemicals, food and beverage, pharmaceuticals, and oil and gas. Industrial barrels are frequently made of metal, plastic or fibre and are used for the transportation and storage of liquids, powders and grains.

Industrial drum sales are anticipated to grow by 7.1% CAGR from an estimated US$ 12.5 billion in 2022 to US$ 17.6 billion by 2027. One of the main factors driving the market's growth is the increasing need for bulk packaging solutions. Shipping large amounts of goods cheaply with industrial drums reduces transportation costs and improves the efficiency of the supply chain.

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The growing demand for environmentally friendly packaging options is a significant element driving the market's expansion. Plastic or fibre industrial drums can be recycled and used again, making them a sustainable choice for packaging. The demand for sustainable packaging solutions is being further fueled by rising environmental awareness and the adoption of strict rules surrounding packaging waste management.

The rising need for specialised packaging solutions is another factor driving the market expansion. Industrial barrels can be made to order in any size, shape, or material to satisfy the demands of various industries. They are therefore perfect for storing a variety of goods, such as food, drinks, medications, hazardous and non-hazardous substances.

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.

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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.

Key Players:

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