Corrugated Open-head Drums Market - Forecasts from 2024 to 2029

The corrugated open-head drums market is estimated to grow at a CAGR of 6.78% during the forecast period.

The growth of the chemical and petrochemical sectors has fueled the rising demand for safe bulk packaging methods. Chemical goods from a wide variety of categories, including potentially hazardous and delicate compounds, are dealt with in these businesses. To guarantee secure delivery and storage, sophisticated packaging is required. Corrugated open-head drums have become a useful alternative, providing several advantages that are tailored to the special requirements of the chemical and petrochemical industries. Products made from chemicals and petrochemicals can pose safety risks because of their flammability, toxicity, or reactivity. Corrugated open-head drums are made of strong, resilient materials that can survive impacts, large loads, and unfavourable environmental conditions. Chemical items are guaranteed to be secure and undamaged during their voyage because of their durability. Chemical and petrochemical goods can be found as liquids, powders, granules, or solids among other forms. To handle various types of chemical compounds, corrugated open-head drums can be modified in terms of size, style, and closing methods. The adaptability makes sure that the packaging solution is customized to the unique properties of the product, maximizing efficiency and safety. Hence the aforementioned reasons are the few factors that are positively impacting market development.

Introduction:

A typical form of the drum for industrial packaging and shipping is the corrugated open-head drum. It is built of corrugated fiberboard, which offers strength and durability. It is simple to fill and empty the drum because of the open-head design, which provides simple access to the contents. In the upcoming years, the market for corrugated open-head drums is anticipated to experience rapid expansion. The market is expanding as a result of the rising need for reliable packaging solutions in sectors including construction, chemicals, pharmaceuticals, food and beverage, and food. Industries choose corrugated open-head drums because they are lightweight, recyclable, and resistant to a range of environmental factors. Moreover, strict guidelines for the safe handling and transportation of hazardous materials have also aided in the market's expansion. For the safe containment of dangerous materials during transportation, corrugated open-head drums are an excellent choice. The market is also gaining from the increased emphasis on sustainability and environmentally friendly packaging options. Comparing corrugated open-head drums to those constructed of metal or plastic, corrugated open-head drums are said to be more ecologically friendly. Furthermore, the market is anticipated to rise as a result of continual improvements in corrugated packaging technologies, such as increased strength and moisture resistance.

Drivers:

• Growing bulk packaging demand is likely to benefit market growth: The popularity of corrugated open-head drums has increased as a result of the expanding need for bulk packaging solutions across several sectors. The drums are made to hold big amounts of material and make handling them easier.
• Growth of the agro sector is generating demand for the open head drums: Corrugated open-head drums are essential for the packing and transportation of agricultural products including grains, seeds, fertilizer, and animal feed in the agricultural industry. When these materials are being stored or transported, the barrels provide a safe and secure environment, protecting them from pathogens, pests, and moisture.
• The rising construction activity also fueling market expansion: Bulk supplies like cement, aggregates, sand, and gravel are extremely important to the building sector. These supplies can be packaged in sturdy and dependable corrugated open-head drums to keep them clean and undamaged until they get to the building sites. Because of their sturdy design and stackability, the drums can be stored and transported in an effective manner, which helps to speed up building procedures and decrease downtime.
• Rising trend of sustainability and recyclability is boosting market growth: Decisions on packaging across sectors have been greatly affected by the emphasis on recyclability and the principles of the circular economy. Corrugated open-head drums have been a popular option for companies devoted to minimizing their environmental impact since they are a sustainable and environmentally friendly packaging solution that precisely complies with these standards.
• Growth of e-commerce also propelling market expansion: The development of e-commerce has drastically altered the retail environment, changing both customer behaviour and corporate practices. To fulfil these changing needs, efficient and secure packaging solutions play a significant role. Corrugated open-head drums have shown to be a dependable and efficient option in this regard. Due to their sturdy design, corrugated open-head drums provide a high level of protection. The shock-absorbing qualities of corrugated cardboard are well recognized for lowering the possibility of breakage or damage brought on by impacts or harsh handling.

Products offered by key companies:

• Tapered Open Head Plastic Drum, Greif Inc. The Tapered Open Head drum, which comes in a variety of sizes and specifications, takes up less room when being shipped and stored. They come in capacities ranging from 45 to 210 liters (12 to 55 gallons). They are produced using a reusable, space-saving nesting concept.
• SL Lidded Drum CDF 210 L, SL Packaging: The SL lidded drum CDF 210L is made available to help obtain the best loading capacity for shipping in ISO sea containers. Due to the ISO sea container's ability to accommodate up to 10% more drums than a regular covered drum due to the lid's smaller form. The interior is shielded from aggressive filler items by an optional, safe, homogenous inside lacquering that complies with the strictest food law standards. Even during hard handling and falls, the reliable sponge rubber seal and strong galvanised clamping ring maintain the lid and body securely together and offer the required safety to safeguard priceless filled items.

The significant growth in the plastic category under the material type segment

The plastic segment under the material type category dominated the major market share. For several convincing reasons, plastic continues to be the material of choice in the market for corrugated open-head drums. Compared to conventional steel or fiberboard drums, plastic drums are more adaptable and lightweight, making them simpler to handle and move. They are perfect for the chemicals and hazardous materials sectors due to their resistance to corrosion. Additionally, plastic drums may be produced in a variety of sizes and capacities to accommodate a broad range of uses across diverse sectors. They are also ideal for meeting environmental objectives because many plastic barrels can be recycled and used again. Plastic barrels continue to gain popularity as the material of choice as companies prioritize cost-efficiency, safety, and sustainability, which supports their leading position in the market.

The North American region is expected to hold a significant share of the Corrugated open-head drums market:

Due to several important considerations, North America is anticipated to have the greatest market share for corrugated open-head drums. First off, the area has experienced strong expansion in the industrial and manufacturing sectors, which include the chemical, pharmaceutical, food and beverage, agricultural, and transportation of hazardous materials sectors. These sectors all rely significantly on these barrels for effective and safe packaging. Furthermore, there is an enormous demand for verified and compliant barrels in North America due to strict rules controlling the transportation of hazardous goods. In addition, the eco-friendly qualities of corrugated open-head drums are in line with North American culture's rising emphasis on sustainability and environmental responsibility. Moreover, the demand for safe and dependable packing solutions has increased as a result of the thriving e-commerce industry in the North American region. Open-head corrugated drums are a reliable packaging choice for shipping and storing a variety of goods. With the constant expansion of online shopping and direct-to-consumer delivery, it is anticipated that demand for these barrels as a protective packing option will rise.

Key developments:

• Rahway Steel Drum Company, a New Jersey-based distributor of drums, pails, IBCs, and other rigid packaging solutions, has been acquired by Novvia Group, a global distributor of rigid containers and life sciences packaging in May 2023. The deal signifies Novvia's entry into the Northeast. Since it fulfils Novvia's initial goal of becoming the sole industrial packaging distributor with comprehensive coverage of the United States and Canada, the acquisition of Rahway represents a significant milestone for the company.

Segments

BY MATERIAL TYPE

• Metal
• Plastic
• Others

BY CAPACITY

• Below 25 gallons
• 26-50 Gallons
• 51-75 Gallons
• Above 75 Gallons

BY APPLICATION

• Chemical
• Agriculture
• Food and Beverage
• Building and Construction
• Pharmaceutical
• Others

BY GEOGRAPHY

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others