Stainless Steel Drum Closures
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Did You Know?
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.
Did You Know?
World War I tripled the fledgling steel drum industry to more than 30 manufacturers by the end of the war. By the late 1930s, the 55-gallon, 18-gauge steel drum was an essential container. Demand boosted production and fostered innovation. In 1905, the American Steel Barrel Company, with Nellie Bly at its helm, was awarded the first patent for the straight-sided 55-gallon drum.
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