Drums Market Report 2024 (Global Edition)

Global Drums Market Report 2024 Market Size Split by Type (Steel Drums, Plastic Drums, Fibre Drums), by Application (Chemicals & Pharmaceuticals, Food & Beverages, Agricultural Products, Plastic, Rubb...

Drums Market Report Description

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Drums Market Insights Video

Competitive Landscape of the Drums Market

There are many different and fierce competitors in the drum market. It includes a range of Drums suppliers, from big international companies to more specialized smaller businesses.

Drums Industry News

• February 2023: By investing in cutting-edge machinery for producing plastic drums, Mauser Packaging Solutions increased its range of products in South Africa. The new line, which is based in Durban, South Africa, produces tight-head polyethylene barrels with U.N. certification in three different sizes: 210 L, 232 L, and 250 L. Plastic barrels are perfect for use with chemicals, food, oil, and lubricants. They come in mono-layer and multi-layer formats.
• January 2023: SCHÜTZ Container Systems is building a new steel drum manufacturing facility in Houston, USA, to boost production of open-head steel drums. With this addition to the product and service offering, local clients can now access a wide range of steel drums, P.E., and new and refurbished IBCs.

Top Companies Market Share in Drums Industry: (In no particular order of Rank)

• Armando Alvarez
• Greif
• Mauser Packaging Solutions
• Nampak
• SCHÜTZ
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the North America Drums Market share was 35% of the total market

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. Reliable storage and transportation solutions are necessary to meet the demands of the growing manufacturing, chemicals, and food industries in nations like China, India, and Southeast Asia. Drum are favored because of their robustness and adherence to tight rules, especially those composed of steel and plastic. The demand for safe and effective containers grows as global trade and industrial output soar. The market is growing due to the Asia Pacific region's fast economic development and emphasis on safety regulations. The Asia Pacific region has been a major driver of the growth of the drum market due to growing commerce and industrialization.

The drum industry is expanding, and North America is one of the main drivers of this growth. The region's numerous sectors, such as food processing, chemicals, and pharmaceuticals, significantly depend on reliable and legal storage and transportation options. Steel and plastic drums provide the sturdiness and security these industries need. The demand for these containers is further fueled by the continent's dedication to environmental sustainability and safety laws. The drum market is growing as long as North America experiences industrial growth and international trade. North America is a major player in the market's growth because of its critical role in offering safe and effective solutions for many sectors.

The current report Scope analyzes Drums Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Drums Market

According to Cognitive Market Research, North America is the second leading region with more than 30% of the global revenue due to several variables. Due to the region's strict regulations and varied industrial landscape, the drum market in North America is expanding rapidly. Drum are essential for the safe and legal storage and transportation of a wide range of commodities in food processing, chemicals, and pharmaceuticals. The chemicals and pharmaceuticals industry is a significant market segment in North America for drums. For the transportation of sensitive and dangerous goods, these industries need containers that are dependable, safe, and compliant; therefore, steel and plastic drums are crucial parts of their supply chains. Due to its strict safety laws and the wide variety of industries that depend on these containers, North America is a major contributor to the growth of the drum market.

Europe Drums Market

According to Cognitive Market Research, Europe has a share of more than 28% of the global revenue due to several variables. The drum market in Europe is distinguished by its emphasis on sustainability and adherence to strict safety and environmental requirements. The need for drum made for safe, legal material storage and transportation is fueled by the continent's varied industries, which include chemicals, food & beverage, and pharmaceuticals. The food and beverage sector is a significant player in the drum business in Europe. This industry is highly committed to upholding food safety rules and maintaining product quality. As such, it depends on drums—especially those composed of food-grade materials—for the effective and hygienic storage and transportation of various goods. The drum market in Europe is distinguished by its commitment to sustainability, legal compliance, and creative drum design. Europe's dedication to quality and emphasis on environmentally friendly solutions position the region as a major contributor to the expansion of the drum industry.

Asia Pacific Drums Market

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. The Asia Pacific region largely drives the drum market, known for its quick industrialization and economic expansion. Reliable storage and transportation solutions are becoming increasingly necessary as the manufacturing, chemical, and food industries grow in nations like China and India. Drum satisfy these requirements while adhering to strict safety norms, especially those of sturdy materials like steel and plastic. The chemicals industry is a significant segment of the Asia Pacific drum market. Steel and plastic barrels are essential parts of the supply chain in this industry since they must be safe and compliant when delivering various goods, from hazardous chemicals to pharmaceutical raw materials. The Asia Pacific region's industrial expansion, international trade activities, and dedication to safety and compliance are major factors driving the growth of the drum market. With the region's ongoing economic development and globalization, the Asia Pacific drum market is expected to rise steadily.

South America Drums Market

According to Cognitive Market Research, Latin America accounted for a share of more than 5% of the global revenue due to several variables. The drum market in Latin America is expanding steadily, supported by various industries and a dedication to safety regulations and observance. The area prioritizes safe and legal storage and transit options because it expands manufacturing, chemical, and food processing industries. Drums are the ideal containers to successfully fulfill these objectives, especially those composed of materials like steel and plastic. The petroleum and chemical industries have a major influence on the drum market in Latin America. These industries need sturdy, dependable containers to move various goods, such as petroleum products and dangerous chemicals. Due to its diverse industrial landscape, dedication to safety and compliance, and geographic location, Latin America has been a major contributor to the growth of the drum industry. Latin America's market is growing because of the region's expanding industries and the need for safe and effective storage and transportation options.

Middle East and Africa Drums Market

According to Cognitive Market Research, Middle East & Africa has a market share of 2%. The drum market in the Middle East and Africa (MEA) area is distinguished by the region's increasing industrialization and the demand for dependable storage and transportation options. Mining, petrochemicals, and chemicals are key industries that necessitate containers that fulfill strict safety and regulatory standards. Drums, especially those composed of steel and plastic, provide safe and legal ways to meet these needs, and the area's emphasis on sustainability is demonstrated by the use of environmentally friendly drum solutions. Steel drums are an essential part of this business's supply chain since they transport chemicals and petroleum products in sturdy, leak-proof containers. The Middle East and Africa region's growing industrial landscape and dedication to safety and compliance are major factors driving the growth of the drum market. The MEA region substantially contributes to the overall growth of the drum market as companies continue to expand and the demand for safe and effective storage and transportation solutions rises.

 

Drums Market Analysis

Drums Type Segment Analysis

According to Cognitive Market Research, the steel drum is the item that is utilized the most frequently in the market for Drums. The market for drums is expanding mostly due to steel drums. They are a popular option for storing and transporting various goods because of their strong structure, adaptability, and durability, especially in sectors like food processing, petroleum, and chemicals. Because of its well-known resilience to adverse circumstances, steel drums guarantee the integrity and safety of their contents while being transported and stored. The need for sturdy and dependable containers like steel drums is increasing as businesses grow and international trade rises. Steel drums' established reputation for offering safe storage and transportation options makes them a major factor in the drum market's growth. 

Plastic Drum is the second-most used product. They are a desirable option for many different industries due to their combination of strength and durability and ability to withstand impact and corrosion. Plastic barrels are especially popular in industries where safe and effective storage and transportation are essential, such as chemicals, agriculture, and food processing. Plastic barrels are a popular option due to their cost-effectiveness, adaptability, and compliance with strict requirements. The recyclability and reusability of plastic drums add to their importance and promote growth in the drum market as industries look increasingly for sustainable alternatives.

• Steel Drums
• Plastic Drums
• Fibre Drums

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Drums Industry. Request a Free Sample PDF!

Drums Application Segment Analysis

The Chemicals & Pharmaceuticals is the Drums market's most popular offering. The safe and legal storage and transportation of a wide range of commodities, from hazardous chemicals to pharmaceutical raw materials, is essential to these sectors. The perfect answer to these needs is offered by drums, which are made to adhere to strict safety and regulatory standards. The need for sturdy and dependable containers, such as steel and plastic drums, is growing as these industries continue to grow. The drums are important because they can preserve the integrity of dangerous or sensitive products while they are being transported or stored. Thus, the chemical and pharmaceutical sectors are a major factor propelling the expansion of the drum market.

According to Cognitive Market Research, Food & Beverages is the second-most popular product. In this industry, it is critical to have effective and secure methods for transporting and storing various items, from bulk components to finished goods. To satisfy these needs, drums—especially those composed of materials suitable for food preparation, such as steel and plastic—provide the ideal answer. They are an essential option because of their capacity to uphold product quality, avoid contamination, and adhere to strict food safety laws. The drum market is growing due to the food and beverage industry's continuous expansion and the need for hygienic and dependable containers.

• Chemicals & Pharmaceuticals
• Food & Beverages
• Agricultural Products
• Plastic, Rubber, & Fiber
• Durable Goods
• Other Markets

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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