Global Industrial Metal and Polymer Drums / Barrels, Jerry Cans, Pails, and IBC Market (2024-2032)

Metal drums, particularly steel, remain dominant due to their strength and suitability for hazardous materials, while polymer-based alternatives are gaining traction for their lightweight and corrosion-resistant properties. Sustainability trends are also shaping the market, with a growing emphasis on recyclable and reusable packaging solutions. The sector faces challenges such as fluctuating raw material costs and strict environmental regulations. Still, opportunities lie in technological advancements like RFID-enabled IBCs, government initiatives supporting domestic manufacturing, and the shift toward eco-friendly materials. The market is projected to grow steadily through 2032, driven by industrial expansion and evolving packaging needs.

Global Industrial Metal and Polymer Drums/ Barrels, Jerry Cans, Pails, and IBC Market

Key Market Drivers

• The increasing need for secure and durable bulk storage solutions in industries such as chemicals, pharmaceuticals, construction, and food & beverages is driving market growth, while the shift toward recyclable and reusable materials is promoting sustainability and regulatory compliance.
• Innovations like RFID enabled IBCs for efficient logistics and real-time tracking are enhancing operational efficiency, while government initiatives like "Make in India" are strengthening domestic manufacturing and reducing import dependency.

End Users

• The growing demand for bulk storage and transportation of chemicals, solvents, and pharmaceutical ingredients is driving the need for industrial metal and polymer drums, jerry cans, pails, and IBCs. These industries require high-quality, leak-proof, and regulatory-compliant packaging to ensure safe handling of hazardous and sensitive materials, supporting market expansion.
• The pharmaceutical sector significantly relies on industrial drums for the storage and transportation of medical ingredients, driving market growth with a strong emphasis on sterility and contamination prevention. This growth is further supported by stringent regulatory standards that ensure compliance with health and safety regulations, as well as the increasing production and global distribution of pharmaceuticals driven by various health initiatives.

Recent Developments

• In August 2024, Mauser Packaging Solutions acquired a plastic drum manufacturing business in Pinetown, South Africa, expanding its production capacity and regional presence. The facility produces UN-certified drums for industries like petrochemicals and food, holding ISO 9001 and ISO 14001 certifications. The acquisition supports Mauser’s commitment to sustainability with its Infinity Series using Recolene® PCR material. 
• SCHÜTZ has signed a license agreement with the National Plastic Factory Company (NPF) to produce ECOBULK IBCs with a 1,000-liter capacity for Saudi Arabia and the GCC region. A state-of-the-art factory near Dammam will begin production in 2026. SCHÜTZ will supply steel and plastic components, while NPF will leverage its expertise in plastic packaging. This partnership expands SCHÜTZ's presence in the Middle East, offering efficient regional supply for chemical, oil, and food industries.