Chemical Drums Market: Technological Advancements and Developments

Chemical Drums Market is driven by Increased chemicals demand across industries
The Chemical Drums Market is integral to the chemicals packaging industry, with products such as metal and plastic drums used for storing and transporting industrial and agricultural chemicals. Chemical drums provide protective and durable packaging for an array of liquid and solid chemicals. Due to their sturdiness and sealability, drums are preferred for bulk packaging and B2B shipments of chemicals over bottles, bags or intermediate bulk containers. The drums are made of materials such as steel, HDPE and polypropylene through Drum Liners facilitates smooth material handling. The chemical industry has been growing steadily over the past few decades to meet the needs of various end-use sectors including pharmaceuticals, agriculture, manufacturing, oil & gas and consumer goods. This growth in the chemical industry has augmented the demand for chemical drums as reliable and cost-effective packaging. The Global Chemical Drums Market is estimated to be valued at US$ 21.44 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Chemical Drums Market are Greif, Inc., Mauser Group, SCHÜTZ GmbH & Co. KGaA, Time Technoplast Ltd., Hoover Ferguson Group, Balmer Lawrie & Co. Ltd., Sicagen India Ltd., Industrial Container Services, LLC, Fibrestar Drums Limited, Snyder Industries, Inc., Sonoco Products Company, Great Western Containers Inc., Myers Container LLC, Myers Industries, Inc., and Eagle Manufacturing Company. Greif, Inc. and Mauser Group capture over 30% share of the global market and have extensive presence across regions.

The demand for chemical drums is increasing owing to expanding applications in industries such as pharmaceuticals, agriculture, specialty chemicals and oil & gas extraction. Chemical drums packaging is becoming more widespread for transporting essential intermediates and end-products give