Steel containers are used to protect, preserve and distribute raw materials and finished goods in such a way that brand owners can promote their products. Steel containers make up a very small part of the overall packaging market. Industry manufacturers compete with alternative containers made of plastic or composite materials. They must continually innovate to bring down their costs and minimise the environmental footprint of their products by promoting reuse and recycling.
The Steel Drum and Similar Container Manufacturing industry is expected to generate revenue of £98.1 million in 2015-16, down 3.4% on the previous year.
This industry includes operators that manufacture steel pails, cans, drums, buckets and boxes. It does not cover companies that manufacture metal tanks and reservoirs.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.