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Industrial Pails & Drums Market Snapshot (2022 to 2032)

The global industrial pails & drums market is set to enjoy a valuation of US$ 20.3 billion in 2022, and further expand at a CAGR of 4.8% to reach US$ 32.3 billion by the year 2032. The sales of industrial pails & drums are projected to augment with the top 3 countries anticipated to hold approximately 25 to 30% of the market by the end of 2022.

Based on capacity, the 501 to 1000 litre segment is projected to hold account for around 40% of the market value share by the end of 2022. The increased preference for standard capacity is projected to augment the sales of 501-1000 litres of industrial pails & drums.

Attributes Details
Market Size 2022 US$ 20.3 billion
Market Size 2032 US$ 32.3 billion
Value CAGR (2022 to 2032) 4.8%
Collective Value Share: Top 5 Countries (2022E) 15 to 20%

The global industrial pails & drums market accounts for around 30% of the global industrial packaging market worth US$ 64 billion, in 2021.

According to the FMI analysis, the industrial pails & drums market reached US$ 19.1 billion in 2021. The global industrial pails & drums market is anticipated to reach US$ 32.3 billion by the end of 2032, registering at a CAGR of 4.8% from 2022 to 2032. The demand for plastic industrial pails & drums segment by the material is projected to bolster with the top 5 key players holding 15-20% of the global industrial pails & drums market by the end of 2022.

The industrial pails & drums market is projected to bolster the increasing demand for bulk industrial packaging. A new forecast by FMI analysis estimates that industrial pails & drums sales will propel during the foreseeable period and is anticipated to create a growth opportunity of US$ 13.3 billion.

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Historic Market Outlook for Industrial Pails & Drums

The global industrial pails & drums market witnessed a CAGR of 4.3% during the historic period with a market value of US$ 19.0 billion in 2021.

Industrial pails & drums are safe & secure packaging and transportation solutions for hazardous as well as non-hazardous content. They are also reusable and recyclable, which makes them an ideal choice for the packaging of various goods. Industrial pails & drums are made from different materials such as plastic pails & drums and metal pails & drums. Also, these pails & drums are made available in different capacities based on the end-user requirement.

The increasing demand for durable bulk packaging supplements the sales of industrial pails & drums in various end-use industries such as chemical & fertilizers, oil & lubricants, food & beverages, paints, inks & dyes, pharmaceuticals, automotive, and others. The demand for industrial pails & drums in the chemical industry is rising due to the changing way of industrial packaging solutions by leasing and pooling the industrial pails & drums.

The urge to meet the set standards for using packaging solutions for transporting chemical products augments the sales of industrial pails & drums. The standard is set by various countries and various regulations such as the United Nations regulations, The  USA Department of Transportation (DOT), and others. This creates a growth opportunity for the industrial pails & drums. Overall, the global industrial pails & drums market is projected to experience a positive growth outlook during the forecast period.

What Bolsters the Demand for Industrial Pails & Drums in various End Use across the Globe?

The packaging sector is one that constantly develops packaging solutions that are more efficient than conventional alternatives. Safe and secure packaging options, particularly those made for high-value commodities transportation, have seen an increase in demand in recent years. Industrial pails& drums are one example of durable & safe bulk packaging solutions created for the storing and delivery of hazardous chemicals that may be used for a variety of purposes.

For both liquid and granulated/powdered product forms, industrial pails & drums are utilized. For the safe conveyance of large quantities of goods, manufacturers and exporters prefer quality industrial packaging for their high-value products. In order to prevent product waste and maintain the surface of the transport vehicle or ship, shipping and logistics partners also choose spill-proof packaging. Also, the end-use industries are focusing on preferring sustainable and safe bulk packaging solutions to address sustainability goals.

The key players have started to offer recyclable industrial pails & drums to cater to the demand, for instance, Berry Global Group offers plastic pails which contain 50% post-consumer recycled plastic. Also, Schütz GmbH & Co KGaA offers green-layer plastic drums.

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Ismail Sutaria

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Category-wise Insights

Which Material Segment is Projected to remain a Lucrative Segment for the Global Industrial Pails & Drums Market?

Based on material, the plastic pails & drums segment is projected to remain a lucrative segment for the global industrial pails & drums market. The plastic segment is projected to expand at a CAGR of 5.1% during the forecast period. The plastic pails & drums are affordable to produce, lightweight, and require less energy to ship which helps in reducing the carbon footprint. Based on the mentioned factors, the plastic segment is estimated to gain traction in the end-use industry.

Which End User Offers a Growth Opportunity for the Global Industrial Pails & Drums Market?

The chemical & fertilizers segment followed by the oil & lubricants segment is projected to offer a growth opportunity for the global industrial pails & drums market. The surge in the need for a safe and secure bulk container for transporting & storing chemical products and oil generate high demand for industrial pails & drums. The expanding chemical industry across the globe creates a growth opportunity for the target market. The chemical & fertilizers segment is expected to account for around 42% of the market share by the end of 2022.

Country-wise insights

What Drives the Demand for Industrial Pails & Drums in Germany?

Germany is estimated to account for around 21% of the European industrial pails & drums market value by the end of 2032 due to the increased trade of paint products in Germany. As per the data provided by the Association of the German Coatings and Printing Inks Industry, around 352 (‘000) tons of paint were supplied by the German market to the major seven industries in 2021. Thus, the paint industry in Germany is projected to propel the demand for industrial pails & drums.

How does China Boost the Sales of Industrial Pails & Drums?

The major portion of East Asia industrial pails & drums is estimated to be beheld by China. China's market is projected to grow 1.6 times the current market value during the forecast period.

As per the data provided by the World Integrated Trade Solution (WITS), in 2019 the export in China accounted for US$ 2,498 billion. China is considered to be the highest exporter in the world. The increasing export by China will create a market growth opportunity for the industrial pails & drums. The rising export will generate the demand for returnable transport packaging offering cost benefits along with catering to the sustainability concern growing around the world which will bolster the demand for industrial pails & drums in China.

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Competitive Landscape

The key players operating in the industrial pails & drums market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources to meet customer needs. Some of the recent key developments by the leading players are as follows

  • In August 2022, Mauser Packaging Solutions expanded its production capacity for plastic drums by investing in a multi-layer plastic drum machine.
  • In October 2021, Schütz GmbH & Co KGaA announced the acquisition of GEM Plastics Limited of Ireland, a company engaged in manufacturing jerry cans and drums.

Scope of the Report

Attribute Details
Growth Rate CAGR of 4.8% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015 to 2020
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Material
  • Capacity
  • End Use
  • Region
Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa (MEA)
  • Oceania
Key Countries Covered
  • The USA
  • Canada
  • Mexico
  • Brazil
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • India
  • GCC countries
  • Australia
Key Companies Profiled
  • SCHÜTZ GmbH & Company KGaA.
  • Grief Inc.
  • Mauser Packaging Solutions
  • Industrial Container Services
  • Delta Containers Direct Limited
  • FDL Packaging Group
  • ZBR Packaging Materials Company Limited
  • Myers Containers
  • CL Smith
  • Schoeller Allibert Services B.V.
  • Alpla Werke Alwin Lehner GmbH & Co KG
  • Vestil Manufacturing Corporation
  • IPL, Inc.
  • P. Wilkinson Containers Ltd.
  • Engel Group
  • Time Technoplast Ltd.
  • ParekhPlast India Limited
  • Great Western Containers Inc.
  • M&M Industries
  • SAPIN K.S.A.

Industrial Pails & Drums Market by Category

By Material, Industrial Pails & Drums Market is Segmented as:

  • Plastic
  • Metal

By Capacity Type, Industrial Pails & Drums Market is Segmented as:

  • Up to 100 litres
  • 101 to 500 litres
  • 501 to 1000 litres
  • Above 1000 litres

By End Users, Industrial Pails & Drums Market is Segmented as:

  • Chemical & Fertilizers
  • Oil & Lubricants
  • Food & Beverages
  • Paints, Inks & Dyes
  • Pharmaceuticals
  • Automotive
  • Building & Construction
  • Other Consumer Goods

By Region, Industrial Pails & Drums Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa

Frequently Asked Questions

What was the value of the industrial pails & drums market in 2021?

In 2021, the value of the global industrial pails & drums market was US$ 19.0 billion.

At what rate is the global industrial pails & drums market is projected to expand during the forecast period?

During the forecast period, the global industrial pails & drums market is anticipated to expand at a CAGR of 4.8%.

By 2032, what will the value of the global industrial pails & drums market?

The global industrial pails & drums market is expected to reach US$ 32.3 billion by the end of 2032.

Which material segment is expected to lead the global industrial pails & drums market during the forecast period?

During the forecast period, plastic material is likely to be the fastest-growing material segment in the global industrial pails & drums market.

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