Plastic Drums Market
Plastic Drums Market Forecasts to 2030 - Global Analysis By Material Type (Polyethylene (PE), Low Density Polyethylene (LDPE), Linear Low-density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), Polypropylene (PP) and Other Material Types), Head Type (Open Head, Tight Head and Other Head Types), Capacity, End User and by Geography
According to Stratistics MRC, the Global Plastic Drums Market is accounted for $3.17 billion in 2024 and is expected to reach $4.36 billion by 2030 growing at a CAGR of 5.50% during the forecast period. For the secure and effective transportation of liquids, powders, and granular materials, plastic drums are a common and robust storage container used in many different industries. These high-density polyethylene (HDPE) drums guarantee the integrity of their contents for a long time because they are resistant to impact, corrosion, and many chemicals. Moreover, plastic drums come in various sizes, usually ranging from 15 to 55 gallons, and are made with tight-fitting lids and closures to avoid contamination and leaks.
According to the American Chemistry Council (ACC), plastic drums are essential for the safe and efficient storage and transport of a wide range of materials, owing to their durability, chemical resistance, and recyclability.
Market Dynamics:
Driver:
Enhanced practices in agriculture
Plastic drums are a major component of the agricultural industry's chemical storage and transportation system for fertilizers, pesticides, and herbicides. For these materials to be handled and applied safely, long-lasting, chemically resistant containers are needed. Plastic drums are becoming increasingly necessary as a result of the growing demand for agricultural products to feed the world's population, which has increased the use of agrochemicals. Additionally, to keep these chemicals effective, they must be able to shield them from contamination and environmental factors.
Restraint:
Threat from substitute materials
Alternative material containers, like those made of metal, fiber, and composite materials, pose serious risks to plastic drums. For example, metal drums, though heavier and more costly, provide superior strength and are chosen for some high-stress applications. Companies that prioritize sustainability will find fiber drums appealing because they are biodegradable and lightweight. Furthermore, composite drums, which combine various materials, can provide an economical, chemical-resistant, and strong combination.
Opportunity:
Innovations and advances in technology
The market for plastic drums is presented with new opportunities by the ongoing advancements in plastic manufacturing technologies. Plastic drums can find more uses owing to innovations like stronger chemical resistance, increased durability, and improved barrier qualities. Moreover, advances in intelligent packaging, like the integration of RFID tags or sensors, can offer supplementary features like temperature monitoring, real-time tracking, and evidence of tampering, rendering plastic drums more desirable for high-value sectors like chemicals and pharmaceuticals.
Threat:
Increasing prices for raw materials
The market for plastic drums is particularly vulnerable to changes in the price of raw materials, particularly those derived from petroleum, such as high-density polyethylene (HDPE). The price at which plastic drums are produced is directly impacted by shifts in demand, supply chain disruptions, or geopolitical tensions that raise crude oil prices. Additionally, plastic drums may become less competitive in the market when compared to alternatives due to the price volatility that may result in increased production costs that are then passed on to customers.
Covid-19 Impact:
The market for plastic drums was greatly impacted by the COVID-19 pandemic, which brought about both opportunities and challenges. Production and distribution were impacted, on the one hand, by delays and higher costs brought on by supply chain disruptions, manufacturing slowdowns, and logistical difficulties. Due to decreased industrial activity and economic uncertainty, many industries decreased their demand for plastic drums. However, the pandemic increased the need for dependable packaging solutions in the food, pharmaceutical, and healthcare industries, where it became vital to store and transport necessary items and medical supplies safely.
The High-Density Polyethylene (HDPE) segment is expected to be the largest during the forecast period
In the plastic drum market, high-density polyethylene (HDPE) has the largest market share. Because of its superior strength-to-weight ratio, longevity, and chemical resistance, HDPE is preferred for the storage and transportation of a variety of goods, such as industrial liquids, hazardous chemicals, medications, and food items. Because of its strength, it can be securely contained and protected from contamination or leaks, which satisfies strict regulatory requirements across a range of industries.
The Tight Head segment is expected to have the highest CAGR during the forecast period
The tight head segment of the plastic drum market has been growing at the highest CAGR. Plastic drums with a fixed top and seamless construction, known as tight-head drums, are commonly used to store liquids that don't need to be accessed or removed frequently. The superior sealing qualities of these drums lower the possibility of contamination and leaks during storage and transit. Additionally, the design enables effective stacking, maximizes storage capacity, and improves logistical effectiveness. Moreover, tight head drums are commonly used in sectors like chemicals, lubricants, and pharmaceuticals that demand reliable and safe packaging solutions.
Region with largest share:
North America holds the largest market share in the plastic drum industry. The chemical, pharmaceutical, food and beverage, and agricultural industries—all of which rely heavily on plastic drums for the secure storage and transportation of their goods—are the main drivers of this dominance. Additionally, North America has advantages in advanced manufacturing, strict regulations that support the use of long-lasting and chemically resistant packaging, such as plastic drums, and a strong infrastructure for distribution and logistics.
Region with highest CAGR:
Asia-Pacific region has the highest CAGR in the plastic drum market. Rapid urbanization, industrialization, and economic growth in places like China, India, and Southeast Asia are the main drivers of this expansion. Asia-Pacific industries that depend more on dependable and efficient packaging options, like plastic drums, are growing in production capacity and include chemicals, pharmaceuticals, agriculture, and the food and beverage industries. Furthermore, the market is further driven by the region's expanding population and growing demand for packaged goods from consumers.
Key players in the market
Some of the key players in Plastic Drums market include Sonoco Products Company, Pioneer Plastics (Pty) Ltd, Hazmatpac, Inc., FDL Packaging Group, Orlando Drum & Container Corporation, C.L. Smith Company, Mauser Group B.V., Great Western Containers Inc, Remcon Plastics Incorporation, Greif Packaging LLC, Kodama Plastics Co., Ltd, TPL Plastech Ltd, Industrial Container Services, LLC, Schutz Container Systems, Vallero International S.r.l., U.S. Coexcell Inc and Jokey Group.
Key Developments:
In June 2024, Sonoco Products Company (Sonoco) has entered into an agreement to acquire Eviosys from KPS Capital Partners, LP (KPS) for approximately $3.9 billion (€3.6 billion). Sonoco said the transaction enables it to enhance its strategy to focus on and scale its core businesses and invest in high return opportunities, both organically and inorganically.
In December 2023, Fuerst Day Lawson Limited (""FDL""), a portfolio company of Highlander Partners, L.P., announced today that the Company has entered into a definitive agreement to sell all of its outstanding shares to ADM, a premier global human and animal nutrition company.
In October 2023, Greif, Inc, a global leader in industrial packaging products and services, announced it has acquired Reliance Products, Ltd., a leading producer of high-performance barrier and conventional blow molded jerrycans and small plastic containers in Canada. The all-cash transaction, which reflects approximately 6.75x proforma adjusted EBITDA, was funded through Greif's existing credit facility.
Material Types Covered:
• Polyethylene (PE)
• Low Density Polyethylene (LDPE)
• Linear Low-density Polyethylene (LLDPE)
• High-Density Polyethylene (HDPE)
• Polypropylene (PP)
• Other Material Types
Head Types Covered:
• Open Head
• Tight Head
• Other Head Types
Capacities Covered:
• Less than 10 gallons
• 10-30 gallons
• 30-55 gallons
• 55 gallons and above
• Other Capacities
End Users Covered:
• Food and Beverages
• Chemical and Petrochemicals
• Building and Construction
• Agriculture
• Pharmaceuticals
• Oil and Lubricants
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Plastic Drums Market, By Material Type
5.1 Introduction
5.2 Polyethylene (PE)
5.3 Low Density Polyethylene (LDPE)
5.4 Linear Low-density Polyethylene (LLDPE)
5.5 High-Density Polyethylene (HDPE)
5.6 Polypropylene (PP)
5.7 Other Material Types
6 Global Plastic Drums Market, By Head Type
6.1 Introduction
6.2 Open Head
6.3 Tight Head
6.4 Other Head Types
7 Global Plastic Drums Market, By Capacity
7.1 Introduction
7.2 Less than 10 gallons
7.3 10-30 gallons
7.4 30-55 gallons
7.5 55 gallons and above
7.6 Other Capacities
8 Global Plastic Drums Market, By End User
8.1 Introduction
8.2 Food and Beverages
8.3 Chemical and Petrochemicals
8.4 Building and Construction
8.5 Agriculture
8.6 Pharmaceuticals
8.7 Oil and Lubricants
8.8 Other End Users
9 Global Plastic Drums Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Sonoco Products Company
11.2 Pioneer Plastics (Pty) Ltd
11.3 Hazmatpac, Inc.
11.4 FDL Packaging Group
11.5 Orlando Drum & Container Corporation
11.6 C.L. Smith Company
11.7 Mauser Group B.V.
11.8 Great Western Containers Inc
11.9 Remcon Plastics Incorporation
11.10 Greif Packaging LLC
11.11 Kodama Plastics Co., Ltd
11.12 TPL Plastech Ltd
11.13 Industrial Container Services, LLC
11.14 Schutz Container Systems
11.15 Vallero International S.r.l.
11.16 U.S. Coexcell Inc
11.17 Jokey Group
List of Tables
1 Global Plastic Drums Market Outlook, By Region (2022-2030) ($MN)
2 Global Plastic Drums Market Outlook, By Material Type (2022-2030) ($MN)
3 Global Plastic Drums Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
4 Global Plastic Drums Market Outlook, By Low Density Polyethylene (LDPE) (2022-2030) ($MN)
5 Global Plastic Drums Market Outlook, By Linear Low-density Polyethylene (LLDPE) (2022-2030) ($MN)
6 Global Plastic Drums Market Outlook, By High-Density Polyethylene (HDPE) (2022-2030) ($MN)
7 Global Plastic Drums Market Outlook, By Polypropylene (PP) (2022-2030) ($MN)
8 Global Plastic Drums Market Outlook, By Other Material Types (2022-2030) ($MN)
9 Global Plastic Drums Market Outlook, By Head Type (2022-2030) ($MN)
10 Global Plastic Drums Market Outlook, By Open Head (2022-2030) ($MN)
11 Global Plastic Drums Market Outlook, By Tight Head (2022-2030) ($MN)
12 Global Plastic Drums Market Outlook, By Other Head Types (2022-2030) ($MN)
13 Global Plastic Drums Market Outlook, By Capacity (2022-2030) ($MN)
14 Global Plastic Drums Market Outlook, By Less than 10 gallons (2022-2030) ($MN)
15 Global Plastic Drums Market Outlook, By 10-30 gallons (2022-2030) ($MN)
16 Global Plastic Drums Market Outlook, By 30-55 gallons (2022-2030) ($MN)
17 Global Plastic Drums Market Outlook, By 55 gallons and above (2022-2030) ($MN)
18 Global Plastic Drums Market Outlook, By Other Capacities (2022-2030) ($MN)
19 Global Plastic Drums Market Outlook, By End User (2022-2030) ($MN)
20 Global Plastic Drums Market Outlook, By Food and Beverages (2022-2030) ($MN)
21 Global Plastic Drums Market Outlook, By Chemical and Petrochemicals (2022-2030) ($MN)
22 Global Plastic Drums Market Outlook, By Building and Construction (2022-2030) ($MN)
23 Global Plastic Drums Market Outlook, By Agriculture (2022-2030) ($MN)
24 Global Plastic Drums Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
25 Global Plastic Drums Market Outlook, By Oil and Lubricants (2022-2030) ($MN)
26 Global Plastic Drums Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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