- Steel drums and IBCs are critical packaging solutions for the safe storage and transportation of liquids, solids, and semi-solids, offering durability, reusability, and compliance with stringent safety standards across various industries
- The market is propelled by growing industrialization, increasing global trade, and the need for efficient bulk packaging solutions, particularly in the chemicals and petroleum sectors
- North America dominated the market with the largest revenue share of 38.5% in 2024, driven by robust industrial infrastructure, high demand from the chemical and pharmaceutical sectors, and the presence of leading manufacturers. The U.S. leads in adoption due to advanced logistics and regulatory compliance
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, fueled by rapid industrialization, rising manufacturing activities, and increasing demand in emerging economies such as China and India
- The drums segment dominated the largest market revenue share of 62.5% in 2024, driven by its widespread use across industries for its high capacity, durability, and cost-effectiveness
