Chemical Drums Market: Technological Advancements and Developments

Chemical Drums Market to Witness Highest Growth Owing to Rising Manufacturing Production

The chemical drums market involves manufacturing, packaging and transportation of chemicals and related products in drums ranging from 30 gallons to 300 gallons. Chemical drums provide an economic and environment friendly solution for storage and transportation needs of various chemicals used across industries like chemicals, dyes, agricultural chemicals, pharmaceuticals and food additives among others. These drums are made up of materials like steel and plastic and come equipped with various features like spouts, bungs, rings and tap holes to facilitate easy filling and emptying of chemicals in a secure manner.

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 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.

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. The global demand for chemical drums is increasing owing to rising industrial production and manufacturing activities globally. Technological advancements like introduction of smart drums with sensors is positively impacting the market growth.

Secondly, the global demand