Global Plastic Drums Market – Industry Trends and Forecast to 2031

Plastic Drums Market Analysis and Size

The plastic drums market is witnessing rapid growth, driven by advancements in production technology and innovative uses across industries. The latest methods include eco-friendly materials and smart tracking systems. Increased demand in pharmaceuticals, chemicals, and food sectors propels market expansion, with sustainability and efficiency at the forefront of development. This evolution ensures enhanced durability and compliance with global standards.

The global plastic drums market size was valued at USD 3.0 billion in 2023, is projected to reach USD 5.51 billion by 2031, with a CAGR of 7.9% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. 

Report Scope and Market Segmentation       

Market Definition

Plastic drums are cylindrical containers made from high-density polyethylene (HDPE) or other plastics used for storing and transporting liquids, powders, and granules. They are lightweight, durable, and resistant to corrosion, making them ideal for industrial, chemical, and food applications. Commonly available in various sizes, plastic drums ensure safe and efficient handling of materials.

Plastic Drums Market Dynamics

Drivers

• Increasing Demand in Chemical Industry

The increasing demand in the chemical industry significantly drives the plastic drums market. A robust need exists for safe and reliable packaging solutions for both hazardous and non-hazardous chemicals. For instance, companies transporting hazardous chemicals increasingly adopt plastic drums due to their durability and compliance with stringent safety regulations such as the UN/DOT standards. This ensures safe transport and storage, reducing the risk of leaks and contamination, thus driving market growth.

• Growth in Food and Beverage Sector

The growth in the food and beverage sector significantly drives the plastic drums market. The rising need for hygienic and durable packaging solutions for bulk storage and transportation of food products is a key factor. For instance, dairy companies use plastic drums containers to transport large volumes of milk while maintaining freshness. Additionally, stringent regulatory requirements for food-grade materials further propel the use of plastic drums, ensuring safety and compliance.

Opportunities

• Expansion of the Pharmaceutical Industry

The expansion of the pharmaceutical industry is driving high demand for sterile and contamination-free packaging, essential for safeguarding medical supplies. Lightweight and easy-to-handle plastic drums are increasingly preferred for transporting large volumes of liquid medicines. For instance, companies such as Pfizer utilize plastic drums to ensure the safe and efficient distribution of vaccines, significantly boosting the plastic drums market due to their practical advantages and compliance with stringent health standards.

• Rising Demand for Bulk Packaging

The rising demand for bulk packaging, particularly in agriculture, chemicals, and pharmaceuticals, is significantly driving market growth. Industries prefer bulk packaging due to its efficiency in transporting large volumes and substantial cost savings in logistics. For instance, in agriculture, the use of plastic drums for storing and transporting fertilizers ensures easier handling and reduces packaging costs, thereby meeting the industry's increasing demand for efficient and economical solutions.

Restraints/Challenges

• Raw Material Price Volatility

Fluctuations in raw material prices, particularly resins crucial for plastic drum manufacturing, pose a significant challenge by increasing production costs unpredictably. This volatility hampers profit margins and operational stability within the market, creating financial uncertainties for manufacturers and potential price instabilities for consumers.

• Supply Chain Disruptions

Supply chain disruptions, such as raw material shortages, transportation delays, and geopolitical tensions, significantly hinder the plastic drums market. These challenges can lead to erratic supply availability, increased costs, and delays in fulfilling orders, impacting manufacturers' ability to meet customer demands and maintain stable operations.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In April 2023, Greif Inc., a global leader in industrial packaging, completed an acquisition, raising its stake in Centurion Container LLC from 9% to 80% for USD 145 million in cash. Centurion specializes in North American IBC and plastic drum reconditioning, enhancing Greif's capabilities in sustainable packaging solutions
• In February 2023, Mauser Packaging Solutions expanded its South African presence with new manufacturing equipment in Durban. This investment focuses on producing UN-certified, tight-head polyethylene barrels (210 l, 232 l, 250 l) suitable for chemical, food, oil, and lubricant applications. The facility offers mono-layer and multi-layer plastic barrels drum, ensuring high-quality packaging solutions
• In January 2023, SCHÜTZ Container Systems bolstered its steel drum output by expanding its Houston facility. This expansion enables SCHÜTZ to offer a comprehensive range of new and reconditioned IBCs, PE, and steel drums locally. It enhances service delivery and product availability for customers in the United States seeking industrial packaging solutions

Plastic Drums Market Scope

The market is segmented on the basis of material type, head type, capacity and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

• Polyethylene
• Polypropylene
• HDPE
• LDPE
• LLDPE
• Others

 Head Type

• Open Head
• Tight Head

Capacity

• Less Than 10 Gallons
• 10-30 Gallons
• 30-55 Gallons
• 55 Gallons and Above

 End User

• Food and Beverages
• Chemical and Petrochemicals
• Building and Construction
• Agriculture
• Pharmaceuticals
• Oil and lubricants
• Others

Plastic Drums Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, material type, head type, capacity and end user as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

North America is expected to dominate the plastic drums market, driven by their advantages such as re-usability and cost-efficiency. Additionally, the shipping industry's reliance on plastic drums for transporting large volume products will further fuel market growth in the region during the forecast period.

Asia-Pacific is projected to observe significant growth in the plastic drums market due to increased demand for petrochemicals. The cost efficiency of plastic offers convenience, further propelling market growth in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Plastic Drums Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Greif (U.S.)
• Industrial Quick Search, Inc. (U.S.)
• Schütz GmbH & Co. KGaA (Germany)
• U.S. COEXCELL INC. (U.S.)
• KODAMA PLASTICS Co., Ltd. (Japan)
• Interplastica Pvt. Ltd. (India)
• Orlando Drum (U.S.)
• TPL Plastech Limited (India)
• CurTec Nederland B.V. (Netherlands)
• REMCON Plastics Inc. (U.S.)
• Hazmatpac, Inc. (U.S.)
• BWAY Corporation (U.K.)
• AST Kunststoffverarbeitung (Germany)
• The Cary Company (U.S.)
• United States Plastic Corp. (U.S.)

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