Industrial Drum Market - Greif Leads with 20.5% Share as Fibre Drums & Sonoco Emerge as Fastest-Growing Innovators to 2029

Leander, Texas and Paris, France - Dec 10, 2025
According to DataM Intelligence, the global industrial drum market size was valued at US$16.50 billion in 2023 and is forecasted to reach US$27.80 billion by 2029, growing at a CAGR of 7.5% from 2024 to 2029. This steady growth is propelled by rising global trade and demand in chemicals, petroleum lubricants, pharmaceuticals, and fertilizers, increasing focus on hazardous material management and environmental safety, growing adoption of automation in logistics, surging e-commerce and construction activities, product launches and approvals in sustainable packaging, technological advancements in reconditioning and recyclable steel drums, and government initiatives like U.S. INFRA programs and Thailand's construction investments to enhance transport efficiency and reduce waste.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):
https://www.datamintelligence.com/download-sample/industrial-drum-market?sindhuri

Report Details:
• No. of Pages: 180
• Forecast Period: 2024-2029
• Market Size (Base Year 2023): $16.50 Billion
• Market Size (Forecast Year 2029): $27.80 Billion
• Compound Annual Growth Rate: 7.5%
• Regions Covered: Global

United States Recent Developments:
✅ Greif Inc. launched a new line of reconditioned steel drums with enhanced corrosion resistance in collaboration with U.S. chemical distributors, reducing waste by 35% in lubricant transport and aligning with EPA guidelines for sustainable reprocessing.
✅ Mauser Packaging Solutions introduced the M1 Composite IBC drum variant for hazardous materials, certified for U.S. petrochemical plants and reporting 28% adoption in fertilizer shipments.
✅ Rahway Steel Drum Company expanded its 55-gallon open-head drums with stackable designs for construction sites, focusing on e-commerce logistics and supported by DOT grants for transport safety studies.

Europe Recent Developments:
✅ SCHÜTZ GmbH & Co. KGaA developed the ENVIROPAK recyclable plastic drums for pharmaceutical exports in Germany and the UK, compliant with EU Packaging Waste Regulation and integrated into chemical trade protocols.
✅ Time Technoplast Ltd. rolled out fiber-reinforced drums for petroleum lubricants in France and Italy, driven by CE approvals and achieving 25% growth in industrial export applications.
✅ Jakacki Bag & Barrel, Inc. enhanced its closed-head steel systems with tamper-evident seals across Scandinavia, aligning with EU hazardous material directives and partnerships with regional fertilizer centers.

Buy Now and Enjoy a 30% Year-End Discount:
https://www.datamintelligence.com/buy-now-page?report=industrial-drum-market?sindhuri

Competitive Landscape
Competition is centered on steel and plastic drum innovations, reconditioning services, stackable designs, and partnerships with chemical and logistics firms across developed and emerging markets:

1. Greif Inc. dominates the market with 20.5% global market share, supported by an extensive steel and fiber drum portfolio and proven reliability in chemicals and petroleum care.
2. Mauser Packaging Solutions holds 18.2% share, driven by advanced composite and plastic systems and global industrial distribution channels.
3. SCHÜTZ GmbH & Co. KGaA captures 16.1% share, known for precision-engineered recyclable drums and expansion across Europe and North America.
4. Time Technoplast Ltd. maintains 14.3% share, focused on next-gen fiber-reinforced designs with sustainability innovations.
5. B. Stephen Cooperage Inc. secures 12.0% share, excelling in reconditioned steel drums with strong adoption in Europe.
6. MegaChem, Inc. holds 10.4% share, driven by its flagship hazardous material technology and presence in packaging centers across EMEA.
7. FDL Packaging Group accounts for 8.7% share, specializing in open-head variants and cost-efficient manufacturing.
8. Rahway Steel Drum Company represents 7.5% share, advancing penetration across Asian exporters with durable 55-gallon systems.

✦ Emerging / Upcoming Players - Fastest Growth Segment
New contenders are gaining traction through bio-based composites, IoT-tracked drums, and zero-waste reconditioning:
9. Fibre Drums (U.S.) - Emerging share: 3.4%, expanding through drums developed for pharmaceutical exports in emerging markets.
10. Rahway Steel Drum Company, Inc. (U.S.) - Emerging share: 3.0%, seeing strong adoption in North America with stackable lubricant designs.
11. Jakacki Bag & Barrel, Inc. (U.S.) - Emerging share: 2.6%, developing analytics for hazardous transport optimization.
12. Sonoco Products Company (U.S.) - Emerging share: 2.3%, supplying next-gen fiber drums to facilities across APAC.

Speak to Our Analyst and Get Customization in the Report:
https://www.datamintelligence.com/customize/industrial-drum-market?sindhuri

Segmentation Analysis
By Material
• Steel Drums represents the largest segment with 50% revenue share in 2023, projected to grow at 7.8% CAGR, valued for superior strength and gas barrier properties, versatility in hazardous chemical applications, effective performance in global trade, and widespread adoption in petroleum requiring reliable protection across exporters. Plastic Drums shows steady growth with 30% revenue share in 2023, expected to grow at 7.2% CAGR, preferred for lightweight efficiency, cost-effective recycling, and uses in non-hazardous fertilizers with corrosion-resistant profiles.

By End-User
• Chemicals & Fertilizers commands the largest share with 47% revenue share in 2023, growing at 7.6% CAGR, driven by high export volumes, urbanization in industrial production, growing demand for safe containment, essential need for regulatory compliance, and rising awareness across specialized manufacturing and logistics units. Petroleum Lubricants shows robust growth with 25% revenue share in 2023, expanding at 7.3% CAGR, valued for transport scalability in oil sectors.

By Capacity
• 55-Gallon leads the market with 60% revenue share in 2023, growing at 7.4% CAGR, driven by standard industrial facilities, urbanization in bulk shipments, growing R&D for stackable innovations, essential role in e-commerce logistics, and rising coverage across public and private sectors.
Other Capacities (e.g., 30-Gallon) shows accelerated growth with 40% revenue share in 2023, expected to grow at 7.1% CAGR, preferred for specialized applications and cost efficiencies.

Request for 2 Days FREE Trial Access:https://www.datamintelligence.com/reports-subscription?sindhuri

Regional Analysis:
» North America holds the largest market share with 35% revenue share in 2023, driven by high trade volumes and e-commerce growth, advanced logistics adoption, stringent DOT regulations, and substantial investments in chemical and construction infrastructure across the United States and Canada.

» Asia-Pacific emerges as the fastest-growing region, projected to expand at 8.2% CAGR through 2029, fueled by rising oil and palm exports, increasing industrial expansions, massive government initiatives in China and India, growing awareness programs, and affordable drum access across Southeast Asian countries.

Market Trends & Drivers
The Industrial Drum Market is experiencing steady growth driven by global trade surges, safety priorities, material innovation advancements, and regulatory adaptations for recycling compliance. Key trends include the development of reconditioned steel and bio-composite drums, growth of stackable plastic variants for e-commerce, advancement in tamper-evident seals for hazardous goods, expansion of IoT-enabled tracking, and increasing focus on circular economy reprocessing to minimize waste. The trade evolution, technological innovation, and logistics requirements are significantly contributing to market growth.

Related Reports:
1. Multihead Weighers Market -
https://www.datamintelligence.com/download-sample/multihead-weighers-market?sindhuri
2. Conical Top Bulk Bag Market -
https://www.datamintelligence.com/download-sample/conical-top-bulk-bag-market?sindhuri

Contact Us:
Sai Kiran
DataM Intelligence 4market Research LLP
Phone: +1 877-441-4866
Email: Sai.k@datamintelligence.com

About DataM Intelligence
DataM Intelligence is a renowned provider of market research, delivering deep insights through pricing analysis, market share breakdowns, and competitive intelligence. The company specialises in strategic reports that guide businesses in high-growth sectors such as industrial packaging and logistics innovations.
To find out more, visit https://www.datamintelligence.com/ or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.