In 2023, industrial drum sales in Western Europe are anticipated to reach a valuation of USD 2,191.1 million. The demand for industrial drum in Western Europe is likely to expand with a 3.6% CAGR from 2023 to 2033, reaching a projected value of USD 3,153.4 million by 2033.
| Attributes | Details |
|---|---|
| Industry size in 2023 | USD 2,191.1 million |
| Expected Industry size by 2033 | USD 3,153.4 million |
| Forecasted CAGR between 2023 to 2033 | 3.6% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Principal Consultant
In 2023, the steel drum segment is likely to gain an industry share of 76.50% in Western Europe.
| Product Type | Steel drum |
|---|---|
| Industry Share in 2023 | 76.50% |
Steel drums are ideal for the safe storage as well as transportation of a variety of goods, including hazardous chemicals, due to their exceptional durability and strength. Because they are recyclable, they comply with the strict environmental laws and sustainability programs in the region.
Steel drums play an essential role in many sectors as they offer superior protection against fire, moisture, and extreme temperatures. They are gaining popularity due to the increasing demand for bulk packaging solutions. Their versatility in sizes and configurations allows them to meet a wide range of industrial needs.
The chemicals and fertilizers segment in Western Europe industrial drum sector is estimated to garner a 46.10% industry share in 2023.
| End Use Segment | Chemicals and Fertilizers |
|---|---|
| Industry Share in 2023 | 46.10% |
For several compelling reasons, the chemicals and fertilizers industry in Western Europe is expected to drive increased sales of industrial drums. The bulk transportation and storage of various chemicals and fertilizers in a safe and effective manner are crucial for this industry.
Industrial drums meet strict regulatory criteria by providing a secure packaging solution, owing to their sturdy design and sealing capabilities.
The demand for industrial drums increases in tandem with the sector's expansion due to a rise in industrial and agricultural activity. Another contributing factor to the growing use of steel and plastic barrels is the increased emphasis on sustainability and eco-friendly packaging.
The industrial drum industry in Western Europe for chemicals and fertilizers is growing as a result of these combined factors.
The United Kingdom and Germany are two countries of Western Europe where companies have been making enormous progress in the field of industrial drum.
| Regions Profiled | CAGR from 2023 to 2033 |
|---|---|
| The United Kingdom | 3.90% |
| Germany | 3.30% |
The industrial and manufacturing sectors in the United Kingdom have experienced significant growth, leading to an increased demand for industrial drums.
The manufacturing of chemicals, food and beverages, automobiles, and pharmaceuticals has seen a rise across the entire country. Industrial drums are used in these sectors to store and transport a wide range of products, including bulk items, chemicals, liquids, and powders.
The growth in these sectors has facilitated the development of the ecosystem, driven by the increased demand for industrial drums. Therefore, from 2023 to 2033, the demand for industrial drums in the United Kingdom is anticipated to advance at a 3.90% CAGR.
Numerous factors have contributed to the expansion of the industrial drum ecosystem in Germany. A significant industry for industrial drums for storage and transportation exists due to the strong regional industrial base.
Industrial drum solutions are becoming increasingly necessary because of Germany's strategic location as a transportation hub, including access to ports and effective logistics networks, heightening its importance in both national and international trade.
In line with global trends, the development of eco-friendly drum designs has been sparked by an emphasis on sustainable practices and compliance with environmental legislation. All of these elements work together to support the expansion of the regional industrial drum ecosystem. The demand in the country is anticipated to rise at a 3.30% CAGR from 2023 to 2033.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Companies often focus on product innovation and diversification to gain a competitive edge. This involves creating new and improved industrial drum designs, components, and features to meet evolving consumer demands.
This could include drums with features such as aseptic designs or increased durability specifically tailored for industries like food and beverage, chemicals, or pharmaceuticals. By offering a wide range of innovative products, businesses can attract new customers and retain their current clientele, staying ahead of the competition.
Another strategy is expanding their presence in Western Europe through the establishment or acquisition of regional manufacturing plants, distribution hubs, or subsidiaries.
Establishing strategic alliances with distributors and key clients helps enhance industry penetration. Collaborating with supply chain and logistics firms also ensures efficient industrial drum delivery to a variety of end customers, streamlining the distribution process.
By expanding their geographic reach and developing partnerships, businesses can enhance their overall competitiveness and solidify their position in the Western Europe industrial drum industry.
| Company | Key Strategies |
|---|---|
| Greif Inc. |
|
| Mauser Group |
|
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 2,191.1 million |
| Projected Industry Size by 2033 | USD 3,153.4 million |
| Attributed CAGR between 2023 and 2033 | 3.6% |
| Historical Analysis of Demand for industrial drum in Western Europe Countries | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Report Coverage | Industry size, industry trends, analysis of key factors influencing industrial drum in Western Europe, insights on global players and their industry strategy in Western Europe, ecosystem analysis of local and regional Western Europe providers |
| Key Countries within Western Europe Analyzed while Studying Opportunities for Industrial Drum in Western Europe | The United Kingdom, Germany, Netherlands, Italy, France |
| Key Companies Profiled | Greif, Inc.; Mauser Group; Schütz GmbH & Co. KGaA; Sicor S.p.A.; Time Technoplast Ltd.; RPC Group; CL Smith; TPL Plastech Limited; Industrial Container Services (ICS); Italcontenitori S.p.A.; Lindécq M&M; TPL Plastech Limited; BWAY Corporation; C.L. Smith Co.; Deufol SE |
The sales of industrial drum to reach USD 2,191.1 million in 2023.
In 2033, the total value of the industrial drum industry in Western Europe is predicted to surpass USD 3,153.4 million.
From 2023 to 2033, the Western Europe industrial drum industry is likely to exhibit a 3.6% CAGR.
Steel industrial drum is likely to acquire a 76.50% share in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Steel Drum 5.2. Plastic 5.3. Fiber 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Capacity Type 6.1. Up to 100 ltrs 6.2. 100 to 250 ltr 6.3. 250 to 500 ltr 6.4. Above 500 ltr 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food & Beverages 7.2. Chemicals & Fertilizers 7.3. Pharmaceuticals 7.4. Petroleum & Lubricants 7.5. Building & Construction 7.6. Paints, Inks and Dyes 7.7. Other End Use 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. UK 8.2. Germany 8.3. Italy 8.4. France 8.5. Spain 8.6. Rest of 9. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 11. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15. Market Structure Analysis 16. Competition Analysis 16.1. Mauser Group B.V. 16.2. The Metal Drum Company 16.3. Fibrestar Drums Ltd. 16.4. A W Stokes & Son (Drums) Ltd. 16.5. Muller AG Verpackungen 16.6. Schutz Container Systems, Inc. 16.7. Sicagen India Limited 16.8. Myers Container, LLC 16.9. Eagle Manufacturing Company 16.10. Time Technoplast Ltd 16.11. Balmer Lawrie & Co. Ltd. 16.12. TPL Plastech Limited 16.13. Greif, Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Packaging Insights
View Reports
Industrial Drum Industry Analysis in Western Europe
