Steel Drum Market – No Signs of Slowing Down

Steel drums have been a leader for the industrial packaging industry for decades and show no sign of slowing down anytime soon. Steel drums are an essential American industry for which buyers carefully assess every detail. Available in various sizes and configurations, steel drums have several practical uses, and have been used in many other ways including as housing supportsmusical instrumentsrain barrels and barbeque drums.

The Industrial Packaging market size is forecast to reach $90 billion by 2026, after growing at a CAGR (compound annual growth rate) of 5.1% during 2021-2026. Steel drums play a major part in the industrial packaging industry and their significance continues to grow. This growth is attributed to the increased demand in end-use which continues despite supply chain issues, longer lead times and astronomical shipping and logistics costs.

Steel is considered to be one of the most reliable and durable materials for producing industrial grade packaging containers. Steel drums are used to package liquids, semi-solids and powders and perform well over a wide range of temperatures, pressures and humidity while maintaining their structural integrity, independent of heat and flame, without any leakage or spillage. Steel drums are not affected by thermal shock and are less likely to implode when maintaining proper operating conditions.

Cost-effective, versatile and environmentally-friendly, steel drums are a favored means of secure packaging as they can handle temperature and other environmental extremes. The 55-gallon container is a descendant of the wooden barrel used as early as the 3rd century AD. In fact, the ancient craft of barrel practiced by coopers making water-tight, wooden vessels held together by nothing more than the hoops that surround them continued into modern times. Our company founder comes from a long line of New Orleans coopers.

For almost forty years, Con-Tech procurement outsourcing has provided the steel drum industry with reliable, cost-effective security through a wide variety of products, parts and closures essential to the production of both open and closed head drums. We service a multi-national with 180 global sites in manufacturing, reconditioning, recycling and reselling industrial containers. We also sell to numerous domestic manufacturers with complete lines of new cold-rolled steel drums and also help to develop customizeable products as well. Reach out and let us know how we can help your business transport goods and products via steel, stainless steel and reconditioned drums.