Industrial Drum Market

By Product;

Steel Drum, Plastic Drum and Fiber Drum

By Capacity;

Less than 100 Liters, 100-250 Liters, 251-500 Liters and Above 500 Liters

By End Use;

Food & Beverages, Chemicals, Agriculture, Petroleum & Lubricants, Pharmaceuticals, Paints, Inks & Dyes and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn106360731 Published Date: September, 2025 Updated Date: October, 2025

Industrial Drum Market Overview

Industrial Drum Market (USD Million)

Industrial Drum Market was valued at USD 14,331.87 million in the year 2024. The size of this market is expected to increase to USD 23,316.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.


Industrial Drum Market

*Market size in USD million

CAGR 7.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.2 %
Market Size (2024)USD 14,331.87 Million
Market Size (2031)USD 23,316.66 Million
Market ConcentrationMedium
Report Pages396
14,331.87
2024
23,316.66
2031

Major Players

  • Sicagen India
  • Myers Container
  • Eagle Manufacturing
  • Time Technoplast
  • Balmer Lawrie
  • TPL Plastech Limited
  • USA Coexcel
  • The Metal Drum Company

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Industrial Drum Market

Fragmented - Highly competitive market without dominant players


The Industrial Drum Market is gaining traction as industries demand secure and efficient bulk packaging solutions. Steel drums account for nearly 40% of adoption due to durability, while plastic and fiber drums are growing for their cost-effectiveness and versatility.

Key Drivers Accelerating Growth
Sustainability trends are reshaping the market, with around 45% of buyers adopting eco-friendly and reusable drums. Safety compliance has also become vital, prompting industries to integrate standardized packaging to minimize risks and ensure operational reliability.

Advancements Strengthening Market Adoption
More than 50% of new drum designs feature enhanced coatings, corrosion resistance, and lightweight structures. Integration of smart tracking technologies further boosts logistics efficiency and strengthens supply chain visibility.

Strategic Opportunities Driving Expansion
Nearly 35% of manufacturers are engaged in mergers, partnerships, and product innovations to expand production capacity. Customized solutions for hazardous materials and food-grade storage are creating high-value growth avenues.

[![Industrial Drums Market Size, Share & Growth | Forecast \[2032\]](https://tse3.mm.bing.net/th/id/OIP.3B28uuCceoVMXxvQ2h0SZwHaEe?pid=Api)](https://www.fortunebusinessinsights.com/industrial-drums-market-109584?utm_source=chatgpt.com) ```html
  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Capacity
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Industrial Drum Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growth in Chemical and Petrochemical Industries
        2. Increasing Demand for Bulk Liquid Storage
        3. Expansion of Food and Beverage Manufacturing
        4. Rising Adoption of Industrial Packaging Solutions
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Environmental Regulations Impacting Drum Manufacturing
        3. Competition from Alternative Packaging Solutions
        4. Transportation and Logistics Constraints
      3. Opportunities
        1. Expansion of E-commerce Platforms for Drum Sales
        2. Adoption of Intermediate Bulk Containers (IBCs)
        3. Growth in Emerging Markets
        4. Focus on Sustainable Packaging Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Industrial Drum Market, By Product, 2021 - 2031 (USD Million)
      1. Steel Drum
      2. Plastic Drum
      3. Fiber Drum
    2. Industrial Drum Market, By Capacity, 2021 - 2031 (USD Million)
      1. Less than 100 Liters
      2. 100-250 Liters
      3. 251-500 Liters
      4. Above 500 Liters
    3. Industrial Drum Market, By End Use, 2021 - 2031 (USD Million)
      1. Food & Beverages
      2. Chemicals
      3. Agriculture
      4. Petroleum & Lubricants
      5. Pharmaceuticals
      6. Paints, Inks & Dyes
      7. Others
    4. Industrial Drum Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Greif, Inc.
      2. Mauser Group / Mauser Packaging Solutions
      3. Schütz GmbH & Co. KGaA
      4. Industrial Container Services, LLC
      5. Time Technoplast Ltd.
      6. Balmer Lawrie & Co. Ltd.
      7. Sicagen India Ltd.
      8. TPL Plastech Ltd.
      9. Eagle Manufacturing (Justrite / similar)
      10. U.S. Coexcell Inc.
      11. The Metal Drum Company
      12. Myers Container, LLC
      13. Rahway Steel Drum Company
      14. Snyder Industries, Inc.
      15. Orlando Drum & Container Corporation
  7. Analyst Views
  8. Future Outlook of the Market