Corrugated Open-head Drums Market

Corrugated Open-head Drums Market Overview

The corrugated open head drums market is likely to record a strong CAGR of 8% during the forecast period. The corrugated open head drums market is currently valued at US$ 12 Bn in 2022 and is likely to reach US$ 28 Bn by 2032.

Sales of corrugated open-head drums have risen owing to the presence of a triple seam in the corrugated open-head drums giving them extra strength.

Increased features like avoiding spillage and leakage of goods to be carried, unaffected by thermal shocks are also projected to contribute to the growth of the corrugated open-head drums market share.

The report sheds light on the factors improving the sales of corrugated open head drums, and, in turn, the opportunities for market players. However, the corrugated open head drums market also faces some challenges, which might limit the corrugated open head drums market share from reaching its potential.

Some of the key corrugated open head drums market trends promoting the demand for corrugated open head drums is to provide a reliable solution for bulk material transfer.

What are the Key Dynamics to the Corrugated Open Head Drums Market Share?

Corrugated open-head drums being cost-effective and efficient drives the sales of corrugated open-head drums. 

Innovation is in progress to provide an improved variety of corrugated open-head drums to meet up the ongoing demand of the consumers. Due to the presence of high mechanical strength and reusability, encouraging the sales of corrugated open-head drums. 

This helps to cut out the expenses to buy drums every time. The reusing also cuts down the use of plastic that is needed to make. Plastic corrugated open-head drums being lightweight, can be used commonly to cut out the extra weight of the container.

The steel corrugated open-head drums provide resilience and sanitation, which cannot be provided by plastic corrugated open-head drums. The corrugated open-head drums made from the fibre can have high growth over the forecast period as compared to steel corrugated open-head drums as they are more resistant to corrosion. 

Industries such as chemical, agrochemical, and food and beverage are the major sectors that extensively use storage and transportation containers which can boost the demand for corrugated open-head drums.

Ismail Sutaria

Principal Consultant

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Which Region holds the Highest Growth Potential in the Corrugated Open Head Drums Market?

Countries like Germany, Sweden, and Belgium in the European region, Japan, China, and Singapore in the Asia Pacific region and the U.S. in the North America region have the highest offerings related to logistic services, and therefore, the sales of corrugated open-head drums are expected to rise.

The corrugated open-head drums market in developed countries such as the U.S., Italy, and the U.K. is expected to have positive growth during the forecast period. 

It is attributed to the high demand for corrugated open-head drums incorporated in the packaging and transportation of various goods. 

The increasing demand for a reliable transportation container that can store and carry toxic and solid goods drives the sales of corrugated open-head drums in developing economies like India, China, etc.

How is the Competitive Landscape in the Corrugated Open Head Drums Market?

The key players of the corrugated open head drums market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use as packaging solutions to thrive business. This is driving the sales of corrugated open head drums.  

Some of the key participating players indulged in the sales of corrugated open head drums are:

• SCHÜTZ GmbH & Co. KGaA.
• Greif, Inc
• Mauser Group B.V.
• Fass-Braun GmbH
• Anglo American Steel L.L.C.
• Al Fujairah Steel Barrels & Drums (LLC)
• Pipeline Packaging
• Rehway Steel Drum Co., Inc.
• Skolnik Industries, Inc.

These market players are anticipated to drive the corrugated open head drums market by introducing new products and expanding geographically.

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