The current situation of China's iron drum packaging market

Iron drum packaging is an indispensable part of China's packaging industry. While China's packaging industry is developing rapidly, iron drum packaging has also played an indispensable role with its own characteristics. Especially in corrosion resistance and transportation of chemicals, petroleum, coatings, etc., it has played an irreplaceable role.
    In recent years, due to the rapid development of the domestic market economy, the consumption of galvanized drums has also increased year by year, so iron drum packaging manufacturers of different production scales and varieties have invested in and established factories. According to the statistics of the China Iron Drum Packaging Professional Committee in 1909, there are currently more than 420 drum-making enterprises in my country, of which there are more than 20 drum-making plants with an annual output of 1 million 25-liter galvanized drums, ranging from 500,000 to 1 million. There are more than 50 enterprises. So far, the total output of 25-liter galvanized barrels in my country has exceeded 80 million. At this rate, it is only possible that China's total output of 25-liter galvanized barrels will exceed 100 million in the next few years.
     The rapid development of galvanized barrels has also brought unlimited business opportunities to its related supporting enterprises. For example, manufacturing factories such as iron drum packaging closures, sealants, and iron drum packaging production molds also have room for development. The interdependence of the two has prospered the iron drum packaging market. However, the price of raw materials for iron barrel packaging has been increasing for several years, and the output of barrel-making enterprises has also soared with technological changes. In order to survive, more companies have not raised the price of galvanized barrels, causing the overall iron barrel packaging industry. Both prices and profits are low. The profit of galvanized barrels depends only on quantity. The competition in the iron drum packaging market is becoming increasingly prominent and will become more intense.