Steel drums continue their critical role in international storage and transportation. A recent projection is that the steel drum market will grow CAGR of about 5.06% from 2026 through 2033. Market revenue is forecasted to reach an impressive 6.38 billion dollars in that time. While North American chemical and petrochemical demand remains primary, emerging Asian-Pacific chemical, oils and food products industry needs are growing.
This market growth highlights the steel drum’s durability, recyclability and suitability for hazardous and non-hazardous substances. The steel drum industry’s technological advancements including new coating and lining techniques and their innovations in lightweight and reusable steel drum designs are also factors in this growth.