Plastic Drum Market Overview
As per MRFR analysis, the Plastic Drum Market Size was estimated at 8.15 (USD Billion) in 2022.The Plastic Drum Market Industry is expected to grow from 8.48(USD Billion) in 2023 to 12.16 (USD Billion) by 2032. The Plastic Drum Market CAGR (growth rate) is expected to be around 4.08% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Plastic Drum Market Trends Highlighted
A rise in demand from multiple sectors, such as chemical, pharmaceutical, food and beverage, and cosmetics, has been a driving force propelling the market for plastic drums. Again, the growing utilization of these vessels to transport and store hazardous or non-hazardous substances is guiding the market’s growth. Moreover, rising environmental awareness and the need for lighter packaging that resists corrosion has led to an increased requirement for such containers.
The use of recycled plastics in drum production to reduce environmental impacts and meet sustainability goals is one big trend being seen in the plastic drum industry. Again, technological advancements involving tamper-evident closure development alongside smart drums enabled by IoT have greatly boosted safety and efficiency when using plastic drums. The inclusion of those attributes considers changing demands from industries seeking secure, traceable packing solutions.
Plastic Drum Market Drivers
Changing consumer preferences for sustainable packaging
Making use of energy that can be wasted in prior processes is the process that can gain energy from turbines, where this waste energy is used to produce electricity. The electricity created is used to produce electricity and to run the machine to mix the raw materials. In manufacturing plastic drums, the energy that is lost in the process of compressing the materials is used to produce electricity. The electricity produced by the turbine that is built is used for other purpose.This type of energy is referred to as renewable energy. Moving air drives the turbine, which is located on the roof. This type of energy is environmentally friendly.
Growing demand from the food and beverage industry
The basic method of Latin American cuisine is owning and using the terracotta dish, and American and European countries use modern electric and gas kitchens. Such diversity allows countries to use relevant packaging materials to store their foods. Notably, there is a high demand for food and beverage products, such as edible oils, sauces, beverages, and dairy products, as they are essential products in people’s diets.As such, the products are stored in the plastic barrels to ensure their protection.
Increasing demand from emerging markets
The emerging market is one of the major openings for the plastic drum industry. In addition, a booming middle class in an emerging market has resulted in higher demand for consumer goods and, thus, the need for plastic drums. Further, the plastic drum market is also driven by the increased industrialization of emerging countries.
Plastic Drum Market Segment Insights
Plastic Drum Market Capacity Insights
The plastic drum market is segmented by capacity as less than 50 liters, 50-200 liters, 201-500 liters, 501-1000 liters, and over 1000 liters. Since there is a wide use of 50-200 liters plastic containers across food and beverages, chemicals, and pharmaceutical pervade, this segment will contribute most of the share of this market in 2023. In the meantime, due to the increasing need for drums with a capacity of over 1000 liters for the storage and transport of various bulk materials, this market segment will grow with the highest CAGR throughout the next decade.It should also be mentioned that the segment of less than 50 litter drums will ensure a significant share of the Plastic Drum Market revenue in 2024. This is possible because plastic drums with less than 50 liters of capacity are used for packaging both liquids and solids, and they are widely used in all industries. Simultaneously, the 50-200 liters segment will keep a moderate CAGR within the given period, being basically determined by the growth of the food and beverage industry and by the rising need for the storage and transport of such products as edible oils, juices, and beverages.At the same time, 201-500 liters of drums will be an emerging market segment with a slow growth rate mainly stimulated by their application for the storage and transport of chemicals, solvents, etc. Finally, the 501-1000 liters segment drums will keep a steady growth in demand, having a growing use in the petrochemical industry for the storage and transport of crude oil and refined products. In fact, the over 1000 liters segment will have the highest growth rate because of its ability to store and transport large amounts of liquids and solids, mostly in the chemical and petrochemical industries.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Plastic Drum Market Type Insights
The plastic drum market is driven by the product functioning criteria segment. A medium size product functions in both vertical and horizontal positions. However, large-size products only function in a horizontal position. This segment dominated the plastic drum market in terms of revenue in 2016. The other factors that are responsible for the market growth are capacity type, production proof type, and type unit. Therefore, the open-head drums segment is projected to dominate the plastic drum market during the forecast period. The open-head drums market is set to reach $ 5.16 billion by 2024.Regardless of the type of product, whether chemicals, foodstuffs, or oils, open-head drums are considered essential for easy filling and pouring of contents. Conversely, moderate growth is expected in the tighthead drums segment. Accordingly, the tighthead drums market is projected to reach USD 3.42 billion by 2024. Multiple uses of tight head drums include packaging pharmaceutical products and dangerous substances that demonstrate great tensile strength. Both these drums are used in a wide range of industrial applications, thus driving the plastic drum market.
Plastic Drum Market Material Insights
The Plastic Drum Market is segmented by material into High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Other Plastics. High-density Polyethylene (HDPE) held the largest market share in 2023 and is expected to continue to dominate the market throughout the forecast period. HDPE is a strong and durable material that is resistant to chemicals and moisture, making it ideal for use in the packaging of hazardous and corrosive materials. Low-density Polyethylene (LDPE) is another widely used material in the Plastic Drum Market due to its flexibility and low cost.The packaging of non-hazardous materials like food and beverages is a common application for LDPE. Polypropylene (PP) is a light material that is very strong, heat- and chemical-resistant, making it ideal for the packaging of many products. PET, a weightless transparent material, is frequently used in the packaging of food and beverages. Other plastics used in the plastic drum market include polyethylene terephthalate glycol (PETG), polyvinyl chloride (PVC), and ethylene vinyl acetate (EVA).
Plastic Drum Market Market Application Insights
The Plastic Drum Market is segmented into various applications, including Industrial Chemicals, Lubricants and Oils, Food and Beverages, Pharmaceuticals, and Other Applications. In 2023, the Industrial Chemicals segment accounted for the largest revenue share of over 35%, driven by the increasing use of plastic drums for storing and transporting hazardous and corrosive chemicals. The Lubricants and Oils segment is projected to witness significant growth over the forecast period, owing to the rising demand for plastic drums in the automotive and industrial sectors.In the market, the Food and Beverages segment accounts for a large section, with packaging and storage of edible oil, juice, and dairy products, among others, being done in plastic drums. Similarly, the pharmaceutical industry also uses drums to transport their drugs from one to another due to the growing demand for plastics as opposed to metal containers. In addition, contributions from other applications like adhesives, paints, and cosmetics help achieve Plastic Drum Markets’ total revenue.
Plastic Drum Market Regional Insights
The regional segmentation of the Plastic Drum Market offers insights into the market's geographical distribution and growth patterns. North America held the largest market share in 2023, accounting for approximately 38.5% of the revenue. The region's well-established manufacturing and distribution networks, coupled with high demand from various end-use industries, contribute to its dominance. Europe is expected to witness steady growth over the forecast period, driven by increasing demand from the chemical and pharmaceutical sectors.APAC is projected to be the fastest-growing region, with a CAGR of 5.2% from 2023 to 2032. The region's expanding construction and packaging industries are fueling the demand for plastic drums. South America and MEA are anticipated to experience moderate growth during the forecast period, supported by the growing infrastructure and industrial sectors.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Plastic Drum Market Key Players And Competitive Insights
There are a few players in the plastic drum market, and the leading companies are striving to remain the top market participants. For this reason, many of them aim at producing new innovative products that meet the demands of the industry. At the moment, the Plastic Drum Market development is triggered by the need for safety and sustainability, which means that producers start using environmentally friendly materials. The market is characterized by a few active acquisitions and partnerships intended to improve the total share of the market, as well as to expand its geographical presence. For example, the competitor added to this paper is Schoeller Allibert, operating in plastic packaging solutions.Schoeller Allibert. The company produces open-top drums and tighthead drums, as well as specialty drums. It also helps to reduce the carbon footprint and to facilitate the idea of a circular economy.Mauser Group. Another company operating in the Plastic Drum Market is Mauser Group, which focuses on producing industrial packaging. This company has a line of plastic drums designed to meet the demands of specific industries. The company is a successful player in its market, which can be explained by the fact that it meets the demands of its customers and provides them with the required products in due time. Mauser Group has a diverse line of packaging solutions, and its Stärke drums are of premium quality, designed to serve and resist in the harshest environments. The company's policy is also innovative and oriented towards sustainability.
Key Companies in the Plastic Drum Market Include
- Plastipak Packaging, Inc.
- Reifenhäuser Group
- DS Smith Packaging
- Berlin Packaging
- Alpla
- Huhtamaki
- Mauser Packaging Solutions
- Schoeller Allibert
- Plastic Omnium
- Nampak
- Mepaco/Berry
- GREIF
- Sonoco Products Company
Plastic Drum Market Industry Developments
The plastic drum market is projected to reach USD 12.16 billion by 2032, exhibiting a CAGR of 4.08% during the forecast period. Increasing demand from the chemical, food, and beverage industries is driving market growth. Plastic drums offer advantages such as lightweight, durability, and cost-effectiveness, making them a preferred choice for packaging and storage. The market is also witnessing advancements in technology, with manufacturers introducing innovative designs and materials to enhance product performance and cater to specific industry requirements.Recent news developments include the expansion of production capacity by major players such as Mauser Group and Schtz GmbH to meet rising demand. Additionally, there is a growing focus on sustainable practices, with manufacturers exploring the use of recycled plastics and biodegradable materials to reduce environmental impact.
Plastic Drum Market Segmentation Insights
Plastic Drum Market Capacity Outlook
- Less than 50 liters
- 50-200 liters
- 201-500 liters
- 501-1000 liters
- Over 1000 liters
Plastic Drum Market Type Outlook
- Open-head Drums
- Tighthead Drums
Plastic Drum Market Material Outlook
- High-density Polyethylene (HDPE)
- Low-density Polyethylene (LDPE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Other Plastics
Plastic Drum Market Market Application Outlook
- Industrial Chemicals
- Lubricants and Oils
- Food and Beverages
- Pharmaceuticals
- Other Applications
Plastic Drum Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
8.15(USD Billion) |
| Market Size 2023 |
8.48(USD Billion) |
| Market Size 2032 |
12.16(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.08% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Plastipak Packaging, Inc., Reifenhäuser Group, DS Smith Packaging, Berlin Packaging, Alpla, Huhtamaki, Mauser Packaging Solutions, Schoeller Allibert, Plastic Omnium, Nampak, Mepaco/Berry  Inc., GREIF, and Sonoco Products Company |
| Segments Covered |
Capacity, Type, Material, Market Application, Regional |
| Key Market Opportunities |
Rising demand for packaging in various industries Growing e-commerce sector Increasing adoption of sustainable packaging |
| Key Market Dynamics |
Rising demand for chemical storage Increasing use of packaging Growing e-commerce sector Environmental regulations Innovations in plastic technology |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The plastic drum market is expected to reach USD 12.16 billion by 2032, exhibiting a CAGR of 4.08% during the forecast period. The growth of the market is attributed to the increasing demand for plastic drums from various industries, including chemicals, pharmaceuticals, food and beverage, and construction.
North America is the largest consumer of plastic drums, accounting for over 40% of the market. The region's rapid industrialization and growing population are driving the demand for plastic drums.
Plastic drums are used for a wide range of applications, including the storage and transportation of chemicals, pharmaceuticals, food and beverage products, and construction materials. They are also used for waste management and recycling.
The key competitors in the plastic drum market include Plastipak Packaging, Inc., Reifenhäuser Group, DS Smith Packaging, Berlin Packaging, Alpla, Huhtamaki, Mauser Packaging Solutions, Schoeller Allibert, Plastic Omnium, Nampak, Mepaco/Berry Inc., GREIF, and Sonoco Products Company
The growth of the plastic drum market is driven by several factors, including the increasing demand for plastic drums from various industries, the rising popularity of e-commerce, and the growing awareness of environmental sustainability.
The plastic drum market faces several challenges, including the volatility of raw material prices, the rising cost of transportation, and the increasing competition from alternative packaging solutions.
The key trends in the plastic drum market include the growing adoption of sustainable packaging solutions, the increasing use of plastic drums for e-commerce, and the rising popularity of customized plastic drums.
The future outlook for the plastic drum market is positive. The market is expected to continue to grow over the next few years, driven by the increasing demand for plastic drums from various industries and the growing awareness of environmental sustainability.
The key opportunities in the plastic drum market include the development of sustainable packaging solutions, the expansion into new markets, and the increasing use of plastic drums for e-commerce.
The key risks in the plastic drum market include the volatility of raw material prices, the rising cost of transportation, and the increasing competition from alternative packaging solutions.
